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News•Mar 1, 2026
EPS Boosts VLCC Series with Two More Hengli Newbuilds
Eastern Pacific Shipping (EPS) has placed two additional 306,000 dwt VLCC orders with China’s Hengli Shipbuilding, expanding its fleet to ten VLCCs at the yard. The vessels are part of a five‑ship order slated for delivery in 2029‑2030, completing a broader five‑year program that began in 2025 after a seven‑year hiatus from the VLCC market. EPS’s renewed focus on ultra‑large crude carriers follows years of concentration on aframax, suezmax and MR product tankers. The move reinforces EPS’s strategy to rebuild crude‑tanker exposure and deepens its partnership with Hengli.
By Splash 247
News•Mar 1, 2026
KMTC Tied to Six HD Hyundai Boxships
Korea Marine Transport Co (KMTC) has placed a KRW 372.4 bn ($258 m) order for six 1,800‑TEU feeder containerships with HD Hyundai shipyards. The vessels are scheduled for delivery between August 2027 and June 2028, adding to KMTC’s fleet of more than 60 ships that...
By Splash 247
News•Feb 28, 2026
Houthis Vow to Resume Attacks Following Iranian Strikes
Following US and Israeli strikes on Iran, Yemen’s Houthi rebels announced they will resume attacks on commercial vessels in the Red Sea, ending a four‑month lull. BIMCO warns that ships linked to US or Israeli interests face heightened risk, though...
By Splash 247
News•Feb 27, 2026
CMA CGM Fills Gap Between Japan and Europe
France’s CMA CGM has introduced Ocean Rise Express, a weekly direct service that links Japan and South China with North Europe. The route is operated solely by CMA CGM using a fleet of fourteen 7,000‑to‑10,000 TEU vessels, calling ports such as Kobe, Yokohama,...
By Splash 247
News•Feb 27, 2026
Waiting for the Next Cycle Could Sink Your Shipping Strategy
Shipping is undergoing a structural reset as geopolitics forces trade routes to shift, turning volatility into a permanent operating condition. The Red Sea crisis and sanctions on Russian energy demonstrated how quickly voyages lengthen and insurance costs rise, exposing owners...
By Splash 247
News•Feb 27, 2026
McQuilling Buys Spanish Broker
New York‑based tanker broker McQuilling has acquired Madrid‑based Medco Shipbrokers for an undisclosed sum, marking the latest step in a wave of consolidation across the shipbroking industry. The purchase expands McQuilling’s geographic reach into Spain and adds Medco’s five‑decade reputation...
By Splash 247
News•Feb 27, 2026
New Chinese Entrant Into the Cape Sector
National Fortune Shipping Group, a Chinese firm incorporated in April 2025, announced the acquisition of two second‑hand capesize bulk carriers—NF Fortune and NF Future—at $18.5 million each. The vessels, the 177,200‑dwt Mikata and the 185,900‑dwt Ally, were built in 2005 and...
By Splash 247
News•Feb 27, 2026
Petronas Carigali Taps Singapore Firm for Newbuild FPSO
Petronas Carigali awarded a 15‑year firm charter to Singapore‑based OceanSTAR Elite for a new‑build FPSO supporting the Sepat Integrated Redevelopment Project offshore Peninsular Malaysia. OceanSTAR will design, construct, install, operate and maintain the vessel, the third unit using its standardized...
By Splash 247
Deals•Feb 27, 2026
McQuilling Acquires Medco Shipbrokers
New York-based tanker broker McQuilling announced the acquisition of Madrid-based Medco Shipbrokers, expanding its market presence in the shipbroking sector. The deal, valued at an undisclosed sum, aims to broaden service capabilities and strengthen client offerings across freight segments.
Splash 247
News•Feb 26, 2026
Reach Subsea Lands Equinor Pipeline Survey Deal
Norwegian offshore services firm Reach Subsea has been awarded a contract by Equinor, on behalf of Gassco, to conduct external inspections of roughly 3,500 km of subsea pipelines. The inspections will span Gassco’s network in Norwegian waters and export routes to...
By Splash 247
News•Feb 26, 2026
Fire Horse Freight Frenzy: VLCC Markets Smash Records in Supertanker Anniversary Year
The 2026 Year of the Fire Horse marks the 60th anniversary of the world’s first VLCC, Idemitsu Maru, and has sparked a surge in supertanker charter rates, with spot prices topping $200,000 per day and rumors of a one‑year deal...
By Splash 247
News•Feb 26, 2026
CMB.TECH Seals Five-Year Capesize Charters
Belgian shipowner CMB.TECH has secured five five‑year charters for its capesize bulkers, adding $304 million in revenue and lifting its contract backlog to roughly $3.05 billion. The deals, which start in the coming months, include vessels built between 2014 and 2018 and...
By Splash 247
News•Feb 25, 2026
Eldorado Outbids Saipem in Drillship Sale
Norwegian rig owner Deep Value Driller sold its seventh‑generation drillship Deep Value Driller to Eldorado Drilling for $300 million, outbidding a previously announced $272.5 million deal with Saipem. Eldorado’s unsolicited offer was $27.5 million higher, prompting the board to switch buyers. The transaction...
By Splash 247
News•Feb 25, 2026
Eidesvik Wins PSV Extension From Aker BP
Eidesvik Offshore has secured an additional contract extension from Aker BP for its 2012-built platform supply vessel Viking Prince. The extension adds roughly two months to the vessel’s hire, pushing the end‑date to the end of April 2026. This follows...
By Splash 247
News•Feb 25, 2026
Marinakis Spins Out Tanker Arm for $345m Oslo Raise
Greece’s Capital Tankers Corp is preparing an Oslo listing to raise up to $345 million, backed by a sizable crude tanker orderbook. The share sale targets roughly $300 million, with an additional $45 million over‑allotment, pricing shares at NOK 134 and valuing the firm...
By Splash 247
Deals•Feb 25, 2026
Eldorado Drilling Acquires Deep Value Driller's Seventh‑generation Drillship for $300 Million
Norwegian rig owner Deep Value Driller has agreed to sell its seventh‑generation drillship Deep Value Driller to Eldorado Drilling for $300 million, after Eldorado outbid Saipem. Eldorado has already paid a $70 million signing instalment, with the remaining $230 million due on delivery...
Splash 247
Deals•Feb 25, 2026
Capital Tankers Corp to Raise up to $345M in Oslo IPO
Greece’s Capital Tankers Corp announced plans to list on Oslo’s Euronext Growth, aiming to raise up to $345 million through a share offering. Shares will be priced at NOK 134 each, with trading expected around March 17, and the company has appointed Fearnley...
Splash 247
News•Feb 24, 2026
Orkim Secures MR2 Charter with Petronas Trading Unit
Malaysian tanker owner Orkim has signed a six‑month time‑charter for its 2012‑built Orkim Citrine MR2 tanker with PETCO Trading Labuan, the trading arm of Petronas. The agreement, effective at the end of February 2026, includes an option to extend another six...
By Splash 247
Deals•Feb 23, 2026
Mercuria Energy Acquires Capesize Vessel Epic for Mid‑$32M
Geneva‑based Mercuria Energy has agreed to purchase the 182,100 dwt capesize vessel Epic from Nereus Shipping for a price in the mid‑$32 million range. The deal, Mercuria’s fifth capesize acquisition since September, highlights the trader’s confidence in earnings and its expanding footprint...
Splash 247
Deals•Feb 23, 2026
Top Ships to Acquire Nine Newbuild Tanker SPVs in $41M Deal
New York-listed tanker owner Top Ships agreed to purchase 100% of the shares in nine Marshall Islands special purpose vehicles holding shipbuilding contracts for ECO MR product/chemical tankers. The transaction involves a $41 million share purchase and secures a potential revenue...
Splash 247
Deals•Feb 18, 2026
United Maritime Sells €13 Million Stake in Norwegian ECV Joint Venture
Nasdaq‑listed Greek bulker owner United Maritime agreed to sell its equity interest in a Norwegian joint venture developing an energy construction vessel for about €13 million, generating a €1.7 million profit. The transaction is expected to close by the end of May...
Splash 247
Deals•Feb 18, 2026
Marcura Acquires Shipdem to Deepen Tanker Claims Capabilities
Dubai-based maritime tech firm Marcura announced the acquisition of UK-based chemical tanker demurrage specialist Shipdem from its parent Casper Shipping. The deal expands Marcura’s claims management offering, adding a fully managed service model to complement its existing self‑service technology. Financial...
Splash 247
Deals•Feb 17, 2026
CLdN to Acquire Samskip's UK and Ireland Freight Business
Luxembourg-based shortsea operator CLdN announced it will acquire the UK and Ireland quay-to-quay and door-to-door freight business of multimodal group Samskip. The transaction includes container shipping services linking Rotterdam with multiple UK and Irish ports and related door-to-door operations, handling...
Splash 247
Deals•Feb 17, 2026
Taylor Maritime Agrees to Sell 51st Handysize Vessel
London-listed dry bulk owner Taylor Maritime announced an agreement to sell another handysize vessel, marking its 51st disposal since 2023. The financial terms of the latest sale were not disclosed, but the company has raised over $820 million from vessel sales...
Splash 247