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Tidewater Inc. announced its 2025 results with Quintin Kneen, Tidewater’s President and CEO, commenting, “Although 2025 was anticipated to be a down year for the offshore industry, I am pleased to say that by all measures Tidewater was able…
https://www.marinelink.com/news/tidewater-ceo-upbeat-despite-challenges-536386
https://www.marinelink.com/news/tidewater-ceo-upbeat-despite-challenges-536386The advancement of the recently announced America’s Maritime Action Plan (MAP) is embraced by the ports in the bi-state St. Louis region as a unique opportunity to play a role in this comprehensive federal framework. The MAP is a blueprint for rebuilding the nation’s maritime strength…
https://www.marinelink.com/news/americas-maritime-action-plan-creates-536387
https://www.marinelink.com/news/americas-maritime-action-plan-creates-536387The Baltic Exchange’s dry bulk index, which tracks rates for vessels transporting dry commodities, advanced for a second session on Monday, rising 2.2% to its highest since December 16 at 2,187 points. All vessel segments saw increases, with investors anticipating higher freight rates due to the Iran conflict and reduced shipments from major exporters. Container ...
https://www.hellenicshippingnews.com/baltic-dry-index-climbs-to-over-2-month-high/
https://www.hellenicshippingnews.com/baltic-dry-index-climbs-to-over-2-month-high/With Capesize earnings expected to remain firm, the strength of the Cape market is likely to continue to support Panamax freight rates. A key driver of this continued correlation will be competition on major coal routes that still employ both Cape and Panamax tonnage. With Capesize earnings expected to remain firm, the strength of the ...
https://www.hellenicshippingnews.com/structural-shift-in-capesize-trade-supports-panamax-coal-opportunities/Demand for second hand dry bulkers has grown considerably during the few weeks of 2026. In its latest weekly report, shipbroker Xclusiv said that “from 1 Jan to 20 Feb 2026, the dry bulk S&P tape has been running at a materially stronger tempo compared to the same window of 2025. Based on Xclusiv’s Shipbrokers ...
https://www.hellenicshippingnews.com/dry-bulk-ships-in-high-demand/
https://www.hellenicshippingnews.com/dry-bulk-ships-in-high-demand/Marcus Chew, founder and CEO of Singapore’s tender drilling rig specialist Energy Drilling, will step down from his role and will take on the position of executive chairman. Luc Plouzennec, currently the VP of operations and marketing, will take over as CEO. His position will be filled by Chua Yong Chiang, the company’s current marketing …
https://splash247.com/energy-drilling-founder-marcus-chew-to-step-down-as-ceo/
https://splash247.com/energy-drilling-founder-marcus-chew-to-step-down-as-ceo/Decommissioning specialist AF Offshore Decom has awarded a contract to Norway’s Boa Offshore for two float-on and load-in operations. The contract is for Ithaca Energy’s FSU Alba and the floating production platform FPF-1. Both units will be dismantled and recycled at AF Environmental Base Vats. Under the contract, Boa will deploy its newbuild, semi-submersible heavy …
https://splash247.com/boa-offshore-to-transport-ithacas-decommissioned-assets/
https://splash247.com/boa-offshore-to-transport-ithacas-decommissioned-assets/Brazilian offshore vessel owners OceanPact and CBO Group are set to combine their businesses in a move that will mark one of the most significant consolidation moves in Brazil’s offshore support vessel market in recent years. The companies said in a regulatory filing that the transaction will be carried out through the incorporation of CBO’s …
https://splash247.com/brazilian-osv-giants-oceanpact-and-cbo-to-merge/
https://splash247.com/brazilian-osv-giants-oceanpact-and-cbo-to-merge/Bermuda-domiciled dry bulk operator C Transport Maritime has brought Japan’s Tokyo Century Corporation and Norway’s Barque onto its register as new shareholders. As part of the deal, both investors have taken equity stakes in the company and appointed representatives to the board. Financial details were not disclosed. CTM will remain majority-owned by Bretta Navigation Corporation, …
https://splash247.com/radziwills-ctm-adds-firepower-with-new-investors/
https://splash247.com/radziwills-ctm-adds-firepower-with-new-investors/New York-listed Navigator Holdings has secured a $133.7m loan to finance two liquefied ethylene gas carriers under construction in China. The handysize LPG carrier specialist said subsidiaries Navigator Parsec and Navigator Pleione signed the facility agreement with ABN AMRO Bank, Crédit Agricole Corporate & Investment Bank and Nordea Bank Abp. The loan will fund up …
https://splash247.com/navigator-fixes-newbuild-financing/
https://splash247.com/navigator-fixes-newbuild-financing/