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Performance Shipping Inc., a global shipping company specializing in the ownership of tanker vessels, announced that, through a separate wholly-owned subsidiary, it has signed a Memorandum of Agreement to sell its oldest vessel, the 2009-built, 105,071 dwt Aframax tanker vessel, M/T P.
https://www.marinelink.com/news/performance-shipping-inc-announces-sale-535819
https://www.marinelink.com/news/performance-shipping-inc-announces-sale-535819Today, Tuesday, February 17 2026, the Baltic Dry Index decreased by 05 points, reaching 2095 points. Baltic Dry Index is compiled by the London-based Baltic Exchange and covers prices for transported cargo such as coal, grain and iron ore. The index is based on a daily survey of agents all over the world. Baltic Dry ...
https://www.hellenicshippingnews.com/baltic-dry-index-falls-to-2095-down-05-points/
https://www.hellenicshippingnews.com/baltic-dry-index-falls-to-2095-down-05-points/Norwegian offshore vessel owner DOF has been awarded a contract for two of its vessels on a project in Argentina. The project is scheduled for offshore operations across two campaigns, one in the second quarter and one in the third and fourth quarters of 2026. The work will encompass mooring pre-lay, pipeline end-manifold installation and …
https://splash247.com/dof-secures-contract-for-two-vessel-campaign-in-argentina/
https://splash247.com/dof-secures-contract-for-two-vessel-campaign-in-argentina/Norway-based Deep Value Driller has agreed to sell the 7th-generation drillship of the same name to Italian offshore engineering and construction giant Saipem. The two agreed on an extension of the bareboat charter of the 2014-built drillship Deep Value Driller, formerly known as Bolette Dolphin, for a firm period of 31 days until July 31, …
https://splash247.com/saipem-to-acquire-drillship-for-272m/
https://splash247.com/saipem-to-acquire-drillship-for-272m/The United Nations Convention on the International Effects of Judicial Sales of Ships, also known as the Beijing Convention, entered into force today. This is the culmination of a process that started in 2007 when the Comité Maritime International (CMI) drew the shipping community’s attention to problems arising around the world from the failure in …
https://splash247.com/beijing-convention-on-judicial-sale-of-ships-enters-into-force/
https://splash247.com/beijing-convention-on-judicial-sale-of-ships-enters-into-force/BigLift Shipping has placed an order for a new heavylift vessel — a sister to its Happy Star vessel — to be built at Dalian Shipbuilding Offshore with delivery scheduled for June 2028. The initial contract covers one ship with an option for a second. No price has been revealed. The ship will feature two …
https://splash247.com/biglift-orders-heavylift-ship-in-dalian/
https://splash247.com/biglift-orders-heavylift-ship-in-dalian/London-listed shipbroker Braemar is lining up a leadership change, with group chief executive James Gundy set to step down at the company’s annual general meeting on 2 July 2026. Gundy will also leave the board at that point but will remain with the business, returning his focus to shipbroking. The board has selected Grant Foley, …
https://splash247.com/leadership-change-at-braemar/
https://splash247.com/leadership-change-at-braemar/The International Chamber of Shipping (ICS), the industry’s top lobby group, has cautioned Washington over its plans to revitalise domestic shipbuilding by charging foreign-built vessels higher port fees. The Trump administration’s long‑awaited Maritime Action Plan (MAP) has resurrected a controversial proposal to charge foreign‑built ships a per‑kilogram fee on imported cargo. The 36‑page plan – …
https://splash247.com/shipping-lobby-warns-us-against-port-fee-plan-that-could-spark-reprisal/
https://splash247.com/shipping-lobby-warns-us-against-port-fee-plan-that-could-spark-reprisal/Madagascar has warned of a surge in fraudulent ship registrations after its authorities identified nine vessels using flag state documents in the country’s name. Port authorities told the International Maritime Organization in a formal letter that the vessels – ranging from general cargo ships to small product, LPG and crude tankers – were presenting documents …
https://splash247.com/madagascar-exposes-fraudulent-flag-scam/
https://splash247.com/madagascar-exposes-fraudulent-flag-scam/Wolfgang Lehmacher discusses Panama’s port shock. CK Hutchison operates two container terminals at either end of the Panama Canal under a concession that Panama’s Supreme Court has now declared unconstitutional, prompting the Hong Kong group to launch arbitration proceedings against the state. This is a test case for how emerging doctrines are reshaping the Americas …
https://splash247.com/how-donroe-is-hardening-the-americas/
https://splash247.com/how-donroe-is-hardening-the-americas/