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South Korean subsea cable contractor LS Marine Solution has converted its preferred-bidder position on the Shinan Ui offshore wind development into a KRW156.9bn ($113m) firm transport and installation contract with Hanwha Ocean. The contract is the largest in LS Marine’s history. It covers transportation, laying and burial of subsea cables for the 390 MW project …
https://splash247.com/ls-marine-seals-record-113m-offshore-wind-cable-contract/
https://splash247.com/ls-marine-seals-record-113m-offshore-wind-cable-contract/Transpetrol has moved into the LR1 newbuilding segment, ordering two 75,000 dwt product tankers at China’s Yangzijiang Shipbuilding as the Belgian owner continues to reshape its fleet. The privately held company said the two “super eco” vessels are scheduled for delivery in the first and second quarters of 2030. No contract price or propulsion arrangement …
https://splash247.com/transpetrol-broadens-tanker-fleet-with-lr1-newbuilds/
https://splash247.com/transpetrol-broadens-tanker-fleet-with-lr1-newbuilds/Taiwanese offshore engineering player ATE Energy International has brought its new cable-laying vessel Oceanus 1 into service, adding another locally based installation asset to the country’s growing offshore energy supply chain. The Taiwan-flagged DPS-2 vessel arrived in Kaohsiung on September 16 following handover from Vietnam’s Pacific Shipbuilding, with Singapore-based Synergy Marine Group taking on technical …
https://splash247.com/ate-energy-brings-new-cable-layer-into-taiwan-market/
https://splash247.com/ate-energy-brings-new-cable-layer-into-taiwan-market/Oman’s Asyad Shipping has agreed to sell three of the oldest tankers in its fleet for a combined OMR68.44m ($178m) as the Muscat-listed owner accelerates the replacement of ageing tonnage with a large slate of newbuildings. The company is selling the 2011-built VLCCs Seeb and Samail for a combined OMR61.7m ($160.5m). A separate transaction covers …
https://splash247.com/asyad-sheds-ageing-tanker-trio-for-178m/
https://splash247.com/asyad-sheds-ageing-tanker-trio-for-178m/Punit Oza from Maritime NXT on risks that come from crisis distraction, a big topic up for discussion at Thursday’s Splash Singapore conference. Since early 2026 the world’s attention — and its risk desks, insurance markets, and naval assets — have been consumed by three overlapping conflicts. The Russia-Ukraine war has ground into its fifth …
Houthi fighters pushed to seize strategic heights in Yemen on Monday to cut off the Red Sea coast from remaining areas held by Saudi-backed forces, after a report that President Donald Trump had called off US strikes on the group at the last…
https://www.marinelink.com/news/houthis-fight-cut-off-red-sea-trump-calls-543129
https://www.marinelink.com/news/houthis-fight-cut-off-red-sea-trump-calls-543129Saudi Aramco loaded about 14 million barrels of crude oil on seven VLCCs inside the Mideast Gulf on Sunday, data from TankerTrackers.com showed, as the kingdom increased loadings from Gulf export terminals after an attack disrupted shipments…
https://www.marinelink.com/news/saudi-gulf-oil-exports-pick-pipeline-543132
https://www.marinelink.com/news/saudi-gulf-oil-exports-pick-pipeline-543132China’s coal import outlook spans softer buying through broadly sustained recent arrivals, but the effect on shipping will depend on which vessels carry the coal and where it is loaded. Panamax has held up better than Supramax in the first eight months of 2026. Its dependence on Indonesian cargoes makes export availability there particularly important ...
https://www.hellenicshippingnews.com/china-thermal-coal-import-outlook-and-indonesian-supply-assumptions/Japan, the US and South Korea are preparing to sign a memorandum covering maritime cooperation and energy supply in the Arctic, adding a new geopolitical layer to the accelerating commercialisation of northern shipping routes. Foreign ministers Toshimitsu Motegi, Marco Rubio and Cho Hyun are expected to sign the agreement in New York on the sidelines …
https://splash247.com/japan-us-and-south-korea-line-up-arctic-shipping-pact/
https://splash247.com/japan-us-and-south-korea-line-up-arctic-shipping-pact/A total of 17 commodity vessels transited the Strait of Hormuz on the weekend, down from 37 a week earlier, shipping data showed on Monday, as tension in the Gulf persisted with the US and Iran in stalemate.Visible traffic through the strait…
https://www.marinelink.com/news/hormuz-ship-traffic-slumps-middle-east-543112
https://www.marinelink.com/news/hormuz-ship-traffic-slumps-middle-east-543112