Splash’s New Shipmanagement Magazine Heads to Posidonia
Splash is launching a 52‑page shipmanagement magazine debuting at the Posidonia trade show, spotlighting a profound identity shift in third‑party ship management. Executives argue the sector must move from a cost‑center perception to a strategic partnership that delivers safety, technical excellence, crew welfare, and digital capability. The industry debates new terminology—"operational partnership," "professional fleet stewardship," and "Performance‑as‑a‑Service"—to reflect expanded services such as compliance, data governance, and decarbonisation advisory. Leaders forecast that by 2030 between 30% and 35% of the global merchant fleet could be outsourced, driven by regulatory complexity and the need for scale and expertise.
Splash Wrap: And so to Athens
The Hormuz Strait shipping crisis has lingered for nearly 100 days, keeping freight risk high despite calls for a cease‑fire. Meanwhile, Pacific International Lines’ executive chairman SS Teo stepped down after the U.S. launched a container‑manufacturing cartel case against him and...
Australia Launches First Strategic Fleet Vessel
Australia has launched the first vessel of its government‑backed strategic fleet, the 1,740‑TEU containership ANL Kokoda, built in 2011 and chartered from ANL Container Line. The ship will transport cargo, fertilizer and emergency supplies along the coast, bolstering response to...
Wah Kwong Places LR2 Tanker Order at DSIC
Hong Kong‑based Wah Kwong Maritime Transport has signed a contract for two 114,000‑dwt LR2 tankers with Dalian Shipbuilding Industry Co (DSIC), including options for two additional vessels. The order, finalized on May 28 through China Shipbuilding Trading Co, targets fleet...
Seanergy Fleet Renewal Gathers Pace with Sixth Newbuild
Greek dry‑bulk specialist Seanergy Maritime is fast‑tracking a fleet renewal by adding a sixth eco‑design newbuild, bringing its orderbook to six vessels valued at roughly $460 million. The program includes five 181,500‑dwt capesizes and a 211,000‑dwt newcastlemax slated for delivery between...
DryDel Expands Japanese Newbuild Spree with Trio of Bulkers
Greek dry bulk owner DryDel Shipping has expanded its Japanese newbuilding programme with orders for three additional vessels: an 82,000‑dwt Kamsarmax slated for 2028 delivery and two 64,000‑dwt ultramaxes due in 2029 and 2030. The ships will be built to...
Euroseas Secures New Charters for Feeder Duo
Euroseas, a Nasdaq‑listed container ship operator, secured new time charters for its 2024‑built 1,800‑TEU feeder vessels Stephania K and Pepi Star. Both ships will be hired for 24‑26 months at a gross daily rate of $25,500, starting July 28 and August 19. The rates...
Open Hatch Giant G2 Ocean Expands Fleet with Six Newbuilds From Grieg and Seaspan
G2 Ocean, the joint venture of Gearbulk and Grieg Maritime, has placed orders for six new 65,400 dwt open‑hatch gantry crane vessels that will join its pool in 2029. The ships, built by New Dayang in China, will be split between...
Morgan Stanley Predicts Prolonged Vessel Undersupply Across Energy Trades
Morgan Stanley’s latest research warns that Asia’s energy‑security crisis will spark a shipping supercycle, channeling over $5 trillion of energy investment into the region through 2030. Longer trade distances and sanctions are tightening compliant tanker supply, pushing the global orderbook above...
OFAC-Approved Demolition Deal Could Reshape Shadow Fleet Exits
The U.S. Treasury’s Office of Foreign Assets Control (OFAC) granted a license to Dubai‑based GMS to purchase four Iran‑linked containerships for demolition, offering a legal exit for owners stuck in the shadow fleet. The vessels—Yogi, Timon, Rantanplan and Bigli—were part...
Navios Partners Details VLCC Newbuild Programme
Navios Maritime Partners announced a return to the VLCC newbuilding market with a $482 million deal for four scrubber‑fitted super‑tankers slated for delivery in the second half of 2028. Each vessel is already chartered at a net daily rate of $47,763,...
Hong Kong Owner Teying Swaps VLCC Flip for Major LR2 Ordering Spree in China
Hong Kong‑based Teying Shipping has transitioned from a short‑term VLCC arbitrage to a major expansion of its product tanker fleet. The company signed contracts for up to eight 115,000‑dwt LR2 vessels at Chinese shipyards, with four firm orders and options...
Peter Georgiopoulos Returns to VLCC Arena with up to 10 Newbuilds at Wison
Greek shipping veteran Peter Georgiopoulos is re‑entering the VLCC market as United Overseas Group (UOG) contracts up to ten new 319,000‑dwt vessels from China’s Wison New Energies. The deal includes six firm orders with options for four more, slated for...
Euroseas Brings in Norwegian Investors for Boxship Newbuild
Euroseas, the Nasdaq‑listed Greek containership owner, has formed a joint venture with Norwegian investors led by NRP Project Finance to co‑own its third 4,484 TEU boxship, Thrylos. The investors will purchase a 49% stake for roughly $12.2 million, with the vessel expected...
Master Under Fire: Inside a Merchant Ship Trapped in the Gulf War Zone
Captain Mohit Kohli recounts how his merchant vessel was caught in the Strait of Hormuz as missiles, drones and volatile security turned a routine trade lane into a battlefield. With shore support reduced to generic updates, he was forced to...