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Deals•Mar 2, 2026
Navigator Holdings Secures $133.7M Loan for Newbuild Ethylene Gas Carriers
Navigator Holdings, a New York‑listed handysize LPG carrier specialist, has secured a $133.7 million loan from ABN AMRO Bank, Crédit Agricole Corporate & Investment Bank and Nordea Bank to finance two liquefied ethylene gas carriers under construction at Jiangnan Shipyard. The facility covers up to 65 % of pre‑delivery and delivery instalments, with a five‑year tenor and interest at SOFR plus 1.50 %.
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Deals•Mar 2, 2026
OceanPact to Acquire CBO Group in Brazilian OSV Merger
Brazilian offshore vessel owners OceanPact and CBO Group announced a merger, with OceanPact to incorporate CBO’s holding company. The combined entity will operate a fleet of 73 vessels, generate over $778 million in annual revenue and hold a $2.7 billion backlog, pending...
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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.
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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...
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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...
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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
News•Feb 23, 2026
Celsius Seals Samsung Heavy LNG Carrier Order
Celsius Tankers, a subsidiary of Denmark’s Celsius Shipping, has placed an order for a 180,000‑cubic‑metre LNG carrier with South Korea’s Samsung Heavy Industries. The contract, valued at roughly KRW 368 billion ($255 million), lifts Celsius’s LNG fleet to 24 vessels. The new ship...
By Splash 247
News•Feb 23, 2026
Geneva Dry Dialogues: European Energy Exchange
Geneva Dry 2026, the premier dry‑bulk shipping conference, is set for April 28‑29 in Lausanne with up to 900 delegates and 51 sponsors. European Energy Exchange (EEX) head Peter Blogg warned that geopolitical turbulence makes short‑term forecasts difficult, underscoring the...
By Splash 247
News•Feb 23, 2026
15-Year-Old VLCC Values Jump 57% Year-on-Year as Sinokor Linked to Teekay Exit
Teekay Tankers sold its 15‑year‑old VLCC Singapore Spirit for $84.5 million, a deal widely linked to Korean buyer Sinokor. Recent disposals by CMB.TECH of similar‑aged vessels also point to Sinokor’s aggressive purchasing pattern, with the firm tied to over 40 VLCC...
By Splash 247
News•Feb 23, 2026
Active Mercuria Energy Adds a Cape
Mercuria Energy Group has acquired the 182,100 dwt capesize vessel *Epic* for roughly $32 million, marking its fifth capesize purchase since September. The deal, sourced from Nereus Shipping, represents a step up from the earlier acquisition of the 174,810 dwt *Frontier Kotobuki*....
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...
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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...
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News•Feb 20, 2026
Splash Wrap: ZIM Sale Tops the Agenda
A $4.2 bn transaction will see Germany’s Hapag‑Lloyd acquire Israeli carrier ZIM, then spin off its Israeli operations into a new entity controlled by FIMI. The deal, which preserves 16 vessels for direct Israeli routes, triggered protests and a strike as...
By Splash 247
News•Feb 20, 2026
Navios Lines up $134m Capesize Duo
Navios Maritime Partners announced two long‑term bareboat‑in contracts for Japanese‑built capesize vessels, with purchase options valued at roughly $134.3 million and an effective 6% interest rate. The ships, fitted with scrubbers, are slated to join the fleet in late 2028 and...
By Splash 247
News•Feb 18, 2026
Costamare Locks in $940m with 12 Forward Charters
Costamare secured nearly $1 bn of fresh contracted revenue by forward‑chartering 12 containerships, generating about $940 m in incremental revenue. The deals lift fleet employment to 96% for 2026 and 92% for 2027, expanding the company’s contracted revenue backlog to roughly $3.4 bn...
By Splash 247
News•Feb 18, 2026
DHT VLCC Clocks $90,000 a Day on One-Year Deal
DHT Holdings has secured a one‑year charter for its 2012‑built VLCC DHT Opal at $90,000 per day, starting this month. The rate underscores how tight the market has become for the world’s largest crude carriers, with Gulf‑China spot earnings now...
By Splash 247
News•Feb 18, 2026
Landlocked Zimbabwe Flags Fraud to IMO After Tanker’s Bogus Registry Link
Zimbabwe, a landlocked nation without a maritime authority, has reported a false flag registration for the aframax tanker Range Vale to the International Maritime Organization. The vessel, built in 2005, has cycled through bogus registries in Comoros, Zimbabwe and currently...
By Splash 247
News•Feb 18, 2026
Shadow Fleet Watchdog Publishes Treasure Trove of Tanker Intel
TankerTrackers.com, a leading open‑source monitor of the maritime shadow fleet, released a massive free dataset covering 1,469 active black‑listed tankers. The platform disclosed daily oil volumes on the four biggest trade lanes, led by Iran‑to‑China at 1.64 million barrels per day,...
By 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...
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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...
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News•Feb 17, 2026
Almi Marine Back in Newbuild Arena with Ultramax Pair
Greek dry‑bulk carrier Almi Marine has re‑entered the new‑building market after a four‑year hiatus, signing a contract for two next‑generation 64,000 dwt ultramax vessels with Nantong Cosco KHI Ship Engineering (NACKS). The ships, slated for delivery in the second quarter of...
By Splash 247
News•Feb 17, 2026
Record Year for Seaborne Grains with Freight Boost Into 2026
Seaborne agricultural trade set a new high in 2025, moving 716.5 million tonnes – a modest 1% year‑on‑year gain that nonetheless broke the previous record. After a 6% slump in the first half, volumes rebounded 7% in the second half, lifting...
By 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...
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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...
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News•Feb 13, 2026
Cameroon Clamps Down on Shadow Fleet as Flag Purge Begins
Cameroon’s ship registry, now Africa’s third‑largest, surged 126% in the past year, largely due to Russian‑linked vessels adopting its flag. The fleet’s average age has risen to 32.7 years, prompting safety concerns after several high‑profile incidents. Under pressure from the EU...
By Splash 247
News•Feb 13, 2026
Splash Wrap: The Week in Shipping in 233 Words
The Pentagon intercepted a tanker suspected of moving Venezuelan oil, underscoring Washington’s aggressive stance on illicit exports. Vanuatu warned users about a fake registry website, while Cameroon suspended new shadow‑fleet registrations and began deregistering existing vessels. In the tech arena,...
By Splash 247
News•Feb 13, 2026
China Merchants to Restart Wuhan Qingshan Shipyard
China Merchants Shipbuilding Industry Group announced the full restart of its long‑dormant Wuhan Qingshan shipyard in 2026, reviving a facility that ceased new‑building in 2018. The 113‑hectare river‑front yard, equipped with a 2,200‑metre wharf, will focus on small and medium‑sized...
By Splash 247
News•Feb 13, 2026
Maran Dry Returns to Newbuilds with Capesize Order at Hengli
Maran Dry, the bulk carrier arm of Angelicoussis Shipping, has placed an order for four new capesize vessels at Hengli Heavy Industry’s Dalian yard, with options that could expand the deal to six ships. This marks the company’s first new‑build...
By Splash 247
News•Feb 13, 2026
Oceanbird Lands First Commercial Order
Oceanbird, the Alfa Laval–Wallenius joint venture, announced its first commercial sale, delivering two Wing 560 wing sails for retrofit in Europe slated for early 2027. The order fills the initial production slots, shifting Oceanbird from prototype demonstrations to a commercial rollout. The...
By Splash 247
News•Feb 13, 2026
The Industry Blind Spot that Lets Crew Suffering Escalate
Shipping consultant Frank Coles warns that seafarers face systemic abuse hidden by the industry’s self‑regulation. Crew members endure long contracts, limited shore leave, and mental‑health strain while owners chase cheap labor across weak‑law jurisdictions. Regulatory bodies draft safety rules but...
By Splash 247
News•Feb 13, 2026
CNOOC Targets 40% Offshore Wind Capacity Ramp up in 2026
China National Offshore Oil Corporation (CNOOC) announced a 40% increase in offshore wind capacity for 2026, targeting 3.5 GW of installed power. The expansion, executed with turbine maker Ming Yang Smart Energy, will roll out advanced turbines across southern provinces. Falling costs...
By Splash 247