The Gulf War Strands the Historic Liner St Helena and Costs Her a New Career
Terra Nova Expeditions has abandoned plans to bring the retired RMS St Helena back into service, chartering a former G Adventures expedition ship instead for its first Antarctic season.
HMS Bulwark Becomes NDM Olapoque as Sister Ship Albion Awaits Disposal
The Royal Navy's retired amphibious ship HMS Bulwark has been sold to Brazil and renamed, while HMS Albion remains alongside at Devonport in condition too poor for a sale.
Minerva Marine Sells Two 2006-Built Ice-Class Tankers to Chinese Buyers
The Greek owner is selling the ice class 1A aframax Minerva Nounou for more than $40m and the MR Minerva Xanthe for around $16m, both to Chinese buyers.
Tsakos Releases More Than $100m by Selling Two 2006-Built Suezmaxes
Tsakos Energy Navigation is selling another two ageing suezmaxes, releasing more than $100m into cash reserves as younger tonnage arrives from a 26-vessel newbuilding programme.
Taylor Maritime Sells Three Handysizes as Its Chief Executive Buys In
Ed Buttery's T3 Holding is on the buyer side for around $32.2m of the deal, which the board and its sponsor judged fair and reasonable to shareholders.
Bulker BAM Arion Sold at Auction in Rotterdam and the Crew Are Finally Paid
The ship had been under arrest in the Waalhaven since May, one of four vessels chained up after a Dutch state-backed financing came under fraud investigation.
Sinokor Buys 73 VLCCs for $6bn and Becomes the Largest Tanker Operator
The South Korean owner has spent as much on secondhand crude carriers in 2026 as the next eight largest tanker buyers combined.
Cetus Maritime in Talks for 13 Seacon Ships Ahead of a Planned IPO
Hong Kong bulker owner Cetus Maritime is negotiating to take interests in 13 vessels from Hong Kong-listed Seacon Shipping in a cash-and-shares deal tied to its planned overseas listing.
Kim Heng sells 70% of Bridgewater Offshore to Umbilicore for $26.8m
Singapore's Kim Heng has signed a binding letter of intent to sell 70% of Bridgewater Offshore to Umbilicore for US$26.8 million in cash, retaining a minority interest.
Mercuria's Capesize Buying Spree Approaches 1.5 Million DWT
Mercuria's secondhand capesize buying is nearing 1.5m dwt after the purchase of the 180,000 dwt Mount Dampier for around $38 million.
Hafnia Exits Andromeda Joint Venture with $13.3 Million Gain
Hafnia has sold its 50 percent interest in H&A Shipping, the joint venture with Monaco-based Andromeda Shipping, booking a $13.3 million profit.
Keyfield Buys Mega Dredger Inai Kenanga at Steep Discount to Valuation
Malaysian offshore vessel owner Keyfield International has entered the dredging market with the $24.7m purchase of the 2016-built mega dredger Inai Kenanga.
KNOT Takes 2024-Built Shuttle Tanker From Parent in 113 Million Deal
KNOT Offshore Partners is acquiring the 2024-built shuttle tanker Hedda Knutsen from its sponsor in a $113m deal, taking the fleet to 20 vessels.
NCLH Moves Five Ships Out as a $20 Billion Orderbook Builds
Norwegian Cruise Line Holdings is running the industry's only active fleet optimization programme, with five ships leaving between 2026 and 2028 and 16 on order to 2037.
ADNOC L&S Pays Record $115 Million for 15-Year-Old VLCC
ADNOC L&S has bought the 15-year-old VLCC Olympic Leopard for $115 million and renamed her Al Yahr, a record price as European brokers value similar tankers at up to $100 million.
A 23-Year-Old VLCC Changes Hands at $57m as Vintage Tanker Values Surge
The 2003-built, 300,000 dwt VLCC Hellstugutinden has been sold for a reported $57m, an unusual valuation for a tanker entering its twenty-fourth year.
MSC Reaches 500 Secondhand Boxship Purchases Since 2020
MSC has bought its 500th secondhand containership since August 2020, taking its operated fleet from about 3.8m teu to close to 7.4m teu and more than 21 percent of global capacity.
Three Cruise Ships Bought In The Pandemic Remain Idle In Greece
A Greek ferry operator still has three former cruise ships lying idle at anchorages and quays around the country, the remainder of eight vessels it acquired between 2020 and 2023 when secondhand values collapsed.
Korean Builder Takes Delivery Of Its First Owned Crude Carrier
A Korean shipbuilder's shipping subsidiary has taken delivery of a 320,000 deadweight tonne very large crude carrier, the first vessel it has owned outright since the unit was established.
Four-Year-Old Capesize Bulker Sells For Seventy-Eight Million
A capesize bulk carrier built in 2022 has been sold for around seventy-eight million dollars in what brokers describe as an exceptionally rare transaction, as a large Japanese private owner trims a fleet of some twenty vessels in the
Norwegian Owner Sells Two Suezmax Tankers And Prepares Newbuildings
A Norwegian tanker owner has agreed to sell two Suezmax tankers built in 2004 and 2005 for a combined fifty million dollars, expecting a book profit of about fourteen million, and has reached a preliminary agreement for two
Chemical Tanker Owner To Exit Fleet Within Eighteen Months
An Oslo-listed owner will sell its remaining six stainless steel chemical tankers within eighteen months, winding down a fleet valued at 101.8 million dollars.
Tanker Owner Adds Third Newbuilding To Growing Revenue Backlog
A tanker owner has bought the company holding a 47,499 deadweight tonne newbuilding contract for delivery in 2029, lifting its revenue backlog around 24 percent to 379 million dollars.
Korean Owners Swap Twenty-Eight Ships To Concentrate Gas And Tanker Fleets
Two Korean owners under common ownership are exchanging twenty-eight vessels, doubling one fleet of gas carriers to thirty-two ships and concentrating the other in tankers.
ADNOC Shipping Arm Buys Eleven Tankers And Gas Carriers For 1.3 Billion Dollars
ADNOC's shipping arm has agreed to buy six VLCCs and five very large gas carriers for about 1.3 billion dollars, alongside a new LNG carrier order.
Star Bulk Walks Away From 470 Million Dollar Genco Fleet Deal
Star Bulk has terminated its 470.5 million dollar agreement to buy sixteen bulk carriers, removing a central component from a long-running takeover attempt by another Greek owner.
Shipping Corporation Of India Tenders For Two LNG Dual-Fuel Boxships With Options
The Shipping Corporation of India has issued its largest newbuilding tender, seeking two LNG dual-fuel container ships of around 8,000 boxes with options for four more.
Zodiac Maritime lands record price in first capesize sale of the year
Zodiac Maritime has sold the capesize bulk carrier Cape Condor for around 39 million dollars, a figure brokers describe as a record for a vessel of her age and the London-based owner's first capesize disposal of the year.
Frontline Sells VLCC Pair For 270 Million Dollars
Frontline has agreed to sell two 2017-built very large crude carriers for 270 million dollars, and will return all net proceeds to shareholders through a one-off dividend.
Dynacom's VLCC Order Book At Hengli Reaches Twenty Ships
George Procopiou's Dynacom Tankers has ordered four more very large crude carriers at Hengli Heavy Industry, taking the Greek owner's programme at the Chinese yard to twenty vessels.
Svitzer Orders Three Caribbean Escort Tugs After Delivering Region's Most Powerful Harbour Tug
Svitzer has ordered three escort tugs for the Caribbean after delivering the most powerful harbour tug operating in the Dominican Republic.
Cadeler Orders Two More Wind Installation Vessels In 930 Million Dollar Deal
Cadeler has ordered two more T-class offshore wind installation vessels from COSCO Shipping Offshore for around 805 million euros, with delivery in 2030 and 2031.
Shipbuilding Veteran Named As Scorpio Tankers' VLCC Partner
Scorpio Tankers is understood to be partnering with Chinese shipbuilding veteran Ren Yuanlin on eight scrubber-fitted VLCCs under construction in China, taking a minority stake of less than 15 percent.
COSCO Approves Fifteen Newcastlemax Bulkers Worth 7.9 Billion Yuan
COSCO Shipping Development has approved an order for fifteen Newcastlemax bulk carriers of 210,000 tonnes capacity each, to be built at two Chinese shipyards for a total contract value of 7.92 billion yuan, around 1.1 billion dollars.
Stealth Maritime Lifts Korean Newbuilding Programme To Around 1.3 Billion Dollars
Greek owner Stealth Maritime, part of the Harry Vafias group, has returned to South Korea with a fresh order that takes its total investment in newbuilding projects to approximately 1.3 billion dollars.
Viking Reach sold to Greek subsea contractor for trenching work
Eidesvik Offshore and Reach Subsea have agreed to sell their jointly owned inspection, maintenance and repair vessel Viking Reach, with the buyer subsequently identified as the Greek subsea contractor Asso.subsea.
NYK to take dry bulk affiliate NS United private in $1bn deal
Nippon Yusen Kaisha has set out a two-stage transaction worth close to $1bn to take its dry bulk affiliate NS United Kaiun private and lift its holding to 83.33%.
Wagenborg leaves roro sector with sale of two ice-class ships
Royal Wagenborg is leaving the pure roro sector with the sale of two ice-class sister vessels and a long-term contract to Wallenius SOL.
Borr Drilling completes $287 million rig deal with Paratus unit
The acquisition of five premium jack-up rigs was carried out through a joint venture with Borr's well construction partner in Mexico.
Zodiac Maritime lines up eight boxships at China's Hengli yard
The order for 6,400 TEU containerships extends Eyal Ofer's newbuilding programme to more than $1.6 billion, with deliveries running into 2029.
Pan Ocean confirms new VLCC pair at Qingdao Beihai shipyard
South Korea's Pan Ocean has confirmed its latest pair of ammonia-ready VLCC newbuildings at CSSC-controlled Qingdao Beihai Shipbuilding.
Aruna Shipping orders up to ten ultramax bulk carriers in China
Turkey's Aruna Shipping has signed for up to ten ultramax bulk carriers at a Yangzhou Guoyu Shipbuilding operation in Zhoushan, China.
BW LPG announces sale of BW Levant
BW LPG has agreed to sell the 2015-built gas carrier BW Levant, generating a net book gain of approximately $17 million as part of its ongoing fleet renewal strategy.
Rubico lines up third MR newbuilding with Trafigura charter attached
Rubico is lining up its third MR tanker newbuilding through a related-party deal with Top Ships, with the vessel already carrying a charter attachment to Trafigura.
DOF reshapes offshore fleet with PSV sale, CSV order and Skandi Amazonas write-off
DOF Group is selling four platform supply vessels, ordering two new construction support vessels and collecting a $115 million payout after writing off the grounded Skandi Amazonas.
Greek owner books a $7m profit on ultramax sale to Meghna
Low-profile Greek interests are set to bank nearly $7m in profit from selling a six-year-old ultramax bulker to Bangladesh's Meghna Group.
BW LPG unit sells 2007-built gas carrier for $64m
A BW LPG subsidiary has agreed to sell the 2007-built gas carrier BW Elm for continued trading, expecting net proceeds of around $64m.
Hayfin sells 11-vessel anchor-handler fleet to new owner
Hayfin has agreed to sell an 11-ship anchor-handling fleet, while a separate deal brings its manager into a new joint venture.
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