port-and-ship
09 April 2025
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Apr 09, 2025Splash247
London-listed liftboat operator Gulf Marine Services (GMS) has won a contract for one of its large-class vessels in the Gulf Cooperation Council (GCC) region.
The new contract will last 142 days and will see the vessel continue to support critical offshore operations in the region. The GCC comprises Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates.
This contract, which represents the company’s fourth contract win or extension this year, reflects the strength of demand in the market for GMS vessels.
The most recent of these deals were two extensions. The two extensions, awarded by an unnamed Middle East major national oil company, will last for three years.
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Iran Seizes Ship Carrying 350,000 Litres Of Smuggled Fuel In The Persian GulfIran has seized a vessel said to be carrying 350,000 litres of smuggled gas oil (diesel) from the country.
The Eswatini-flagged ship was stopped in the Persian Gulf, and its 13 crew members, hailing from India and a neighbouring country, have also been detained.
Per sources, the ship was seized under a judicial order and taken to the shores of Bushhr.
The fuel is being offloaded and will be given to Bushehr Oil Products Refining and Distribution Company.
This is not the first time that Iran has seized vessels in the region by accusing them of smuggling fuel.
On November 29, Ali Salami-zadeh, the prosecutor of Kish Island, said that two vessels were seized in the Persian Gulf for smuggling 80,000 litres of fuel.
In March, two foreign tankers, called Star 1 and Winteg, were also confiscated in the Persian Gulf.
At that time, the IRGC said that the tankers had 25 crew and were carrying over 3 million litres of smuggled diesel fuel.
Iranian officials usually cite fuel smuggling as one of the major reasons for raising fuel prices in the country.
Masoud Pezeshkian, president of Iran, said in January 2025 that 20 to 30 million litres of gasoline are smuggled daily and called it a catastrophe as the supply chain from production to distribution is in their own hands.
However, such large-scale fuel smuggling is not possible without the involvement of the IRGC, as it controls and oversees all the imports and exports via unofficial ports and airports.
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Disclaimer : The information on this website is for general purposes only. While efforts are made to ensure accuracy, we make no warranties of any kind regarding completeness, reliability, or suitability. Any reliance you place on such information is at your own risk. We are not liable for any loss or damage arising from the use of this website.
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02 December 20253 min readIran Seizes Ship Carrying 350,000 Litres Of Smuggled Fuel In The Persian Gulf
Marine Insight
02 December 2025
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Ad Ports Cashes Out Of Nmdc Stake In $436M DealAD Ports Group has sold its 9.77% stake in National Marine Dredging Company (NMDC) to Alpha Dhabi Holding in a $436m transaction, marking the ports group’s third divestment of non-core assets this year.
The stake was originally transferred to AD Ports Group by Abu Dhabi’s investment arm ADQ ahead of the company’s listing in 2022. Over less than four years, the holding delivered a total shareholder return of 17% through dividends and capital gains, the Abu Dhabi-based ports and logistics giant said.
AD Ports said the sale fits its strategy to monetise non-core assets and recycle capital into higher-return opportunities while reducing leverage. Proceeds from the deal will go toward strengthening the balance sheet, where the group reported AED 17bn ($4.62bn) in net debt at the end of September. Earlier divestments included land and logistics facilities sold to Mira Developments and Aldar Properties.
Group CEO Mohamed Juma Al Shamisi said the transaction reinforces AD Ports’ commitment to active portfolio management. “The proceeds strengthen the Group’s financial position and capital structure,” he said, adding that the company will continue reshaping its asset base to maximise value.
Alpha Dhabi, already the dominant shareholder, will see its stake in NMDC rise to around 77%. The Abu Dhabi-based investment group said the acquisition aligns with its focus on scaling industrial platforms tied to the UAE’s long-term economic agenda.
Alpha Dhabi CEO Hamad Salem Al Ameri said the deal reflects the company’s push into high-impact industrial sectors that “align with national priorities and global trends.”
UAE-based NMDC remains a major player in EPC and marine dredging, with a growing international footprint through multiple joint ventures.
Splash247
port & ship
28 November 20252 min readAd Ports Cashes Out Of Nmdc Stake In $436M Deal
Splash247
28 November 2025
port-and-ship
Hd Hyundai Wins 1.46 Billion Usd Order For Eight Ultra-Large Container Shipsin Shipbuilding News
25/11/2025
HD Hyundai has secured an order for ultra-large container ships worth around 1.46 billion USD, recording the largest container ship order volume in 18 years since the shipbuilding supercycle in 2007.
HD Korea Shipbuilding & Offshore Engineering (HD KSOE), the intermediate holding company for HD Hyundai’s shipbuilding business, announced on Sunday, November 23, that it has signed a shipbuilding contract with HMM for eight 13,400-TEU dual-fuel container ships. The total contract value amounts to 1.456 billion USD.
The vessels ordered are 337 meters in length, 51 meters in width, and 27.9 meters in height. They are equipped with LNG dual-fuel engines and a significantly enlarged fuel tank—expanded by approximately 50%—to enhance operational efficiency. Of the eight vessels, two will be built by HD Hyundai Heavy Industries (HHI) and six by HD Hyundai Samho, with deliveries scheduled consecutively through the first half of 2029.
Through this contract, HD Hyundai has achieved its largest container-ship order volume since 2007, when global cargo demand peaked during the economic boom (793,473 TEU). HD KSOE has secured orders for a total of 720,000 TEU (69 vessels) in container ships this year, marking the highest order volume among domestic shipbuilders.
Container ships built by HD Hyundai are regarded as highly cost-competitive when considering operating expenses over the vessel’s entire lifecycle, despite their relatively higher prices compared to competitors.
Since 2023, HD Hyundai has applied “HiNAS Control”—an autonomous navigation assistance system developed by Avikus, a subsidiary specializing in autonomous navigation—to newly built vessels. Actual operational data has confirmed that the system’s autonomous navigation support features and RPM optimization deliver a 15% reduction in carbon emissions and a 15% improvement in fuel efficiency.
An HD Hyundai representative stated, “We are further solidifying our position in the global market based on advanced technological capabilities and customer trust,” adding, “Going forward, we will continue to lead the decarbonization of the shipbuilding and shipping industries through technological competitiveness focused on eco-friendly and high-efficiency vessels.”
Source: HD Hyundai
Hellenic Shipping News
port & ship
26 November 20252 min readHd Hyundai Wins 1.46 Billion Usd Order For Eight Ultra-Large Container Ships
Hellenic Shipping News
26 November 2025
port-and-ship
Atlas Maritime Revealed As Seller In $194M Okeanis Suezmax DealGreek owner Okeanis Eco Tankers disclosed last week that it is expanding its crude fleet with the purchase of two suezmax newbuilding resales. Brokers now reveal the seller as Atlas Maritime, with the vessels identified as Viking Star and North Star.
The New York- and Oslo-listed company, controlled by the Alafouzos family, has agreed to pay $97m each for the 157,000 dwt ships, which are under construction at Daehan Shipbuilding in South Korea.
The deal leaves Leon Patitsas-led Atlas Maritime with seven tankers from the same yard in the water, six of which hit the water this year and one 2023 model—four LR2s, two suezmaxes and one aframax—alongside a further 12 ships on order.
Splash247
port & ship
25 November 20251 min readAtlas Maritime Revealed As Seller In $194M Okeanis Suezmax Deal
Splash247
25 November 2025
port-and-ship
Greece’S Thessaloniki Port Launches Largest €195.6M Expansion In Its HistoryThe Thessaloniki Port Authority in Greece has embarked on its largest expansion project ever with the signing of a major construction contract, initiating one of the most significant infrastructure upgrades in its history.
Port of Thessaloniki (ThPA S.A.) and the joint venture “METKA S.A.-TEKAL S.A. (PIER 6) J/V” on Wednesday signed the construction works contract for the expansion of the port infrastructure of Pier 6 of the port, marking a major milestone in the port’s long-term development strategy.
The contract concerns Mandatory Enhancements No. 1 (Pier 6, Port Infrastructure Expansion) of the Concession Agreement between the Hellenic Republic and ThPA S.A.
The project includes the expansion of Pier 6, with an additional length of 513 meters, a width of 306.5 meters, and the significant deepening (dredging) of the navigation channel and the vessels’ maneuvering area, for the safe mooring of even the ULCV type vessels (ultra large container vessels).
The signing of the contract signals the start of the main construction phase, with an implementation period of 40 months and a total budget of 195.6 million euro.
Once completed, the expansion will increase the total capacity of the Container Terminal from 650,000 TEU to 1,500,000 TEU, enabling Thessaloniki to serve simultaneously a higher number of container vessels and accommodate ultra large container vessels of up to 24,000 TEU – unique capabilities for Northern Greece.
According to ThPA S.A., the financing of the project will be covered from the own existing capital of ThPA S.A. as well as from banking loans.
Dr Ioannis Tsaras, the chief executive officer of ThPA S.A., noted: “With the signing of the contract, the Port of Thessaloniki is entering a new era of development. The expansion of Pier 6, the largest upgrade project in the history of the port, creates the conditions for Thessaloniki to strengthen its role in the Mediterranean as a strategic trade hub for Southeast Europe.
“This is not just an important piece of infrastructure, but a project that increases the operational capacity of the port, empowers the regional logistics ecosystem, and generates varied and multiplier benefits at both the local and national level.”
Shipping Telegraph
port & ship
22 November 20252 min readGreece’S Thessaloniki Port Launches Largest €195.6M Expansion In Its History
Shipping Telegraph
22 November 2025
port-and-ship
Record-Seizure Of $362M Worth Of Cocaine Offloaded At Port EvergladesCocaine, weighing over 49,000 pounds, was seized during 15 separate interdictions by the U.S. Coast Guard Cutter Stone during operations in the eastern Pacific Ocean.
The Coast Guard offloaded over $362m worth of cocaine at Port Everglades in Fort Lauderdale, Florida, on Wednesday, Nov. 19.
Administration, Coast Guard and joint agency partner leadership held a press conference during the drug offload at Port Everglades.
Several Coast Guard officials were in attendance as the Stone’s crew offloaded approximately 49,010 pounds of illicit narcotics.
Officials said this is a result of 15 interdictions in international waters of the Eastern Pacific Ocean by the crews of U.S. Coast Guard.
US Coast Guard said it’s the largest cocaine seizure by a single cutter in one patrol in the Coast Guard’s history.
To remind, USCGC Stone is one of four 418-foot Legend-class national security cutters homeported in Charleston, South Carolina, under U.S. Coast Guard Atlantic Area Command.
“I am extremely proud of the crew’s incredible performance during this deployment,” said Capt. Anne O’Connell, commanding officer, Coast Guard Cutter Stone. “This offload demonstrates our increased posture and continued success in the fight against narco-terrorism and transnational criminal organizations.”
Officials noted that 80% of U.S.-bound narcotics seizures occur at sea, underscoring the significance of maritime interdictions.
Interdictions in the Eastern Pacific Ocean are performed by members of the U.S. Coast Guard under the authority and control of the Coast Guard’s Southwest District, headquartered in Alameda, California.
Shipping Telegraph
port & ship
22 November 20252 min readRecord-Seizure Of $362M Worth Of Cocaine Offloaded At Port Everglades
Shipping Telegraph
22 November 2025
port-and-ship
Hd Korea Shipbuilding & Offshore Engineering Wins Two Lng Carrier Orders Worth 741.2 Billion Wonin Shipbuilding News
19/11/2025
HD Korea Shipbuilding & Offshore Engineering, the intermediate shipbuilding holding company of HD Hyundai, said on the 18th that it signed a construction contract with a shipowner in North America for two liquefied natural gas (LNG) carriers.
The total order value is 741.2 billion won, and the vessels will be built by HD Hyundai Samho and delivered sequentially by the second half of 2028.
Including this order, HD Korea Shipbuilding & Offshore Engineering has won a total of 104 ships ($14.24 billion), achieving 78.9% of its annual target ($18.05 billion).
By ship type, the orders are seven LNG carriers, six LNG bunkering vessels, nine liquefied petroleum gas (LPG) and ammonia carriers, two ethane carriers, 61 container ships, 16 tankers, and three PC ships.
Source: CHOSUNBIZ
Hellenic Shipping News
port & ship
20 November 20251 min readHd Korea Shipbuilding & Offshore Engineering Wins Two Lng Carrier Orders Worth 741.2 Billion Won
Hellenic Shipping News
20 November 2025
port-and-ship
Apm Terminals Invests $550M In Bangladesh Container TerminalA digital representation of the terminal as it is projected to look when completed in 2030.
A concession agreement for the development of the Laldia Container Terminal in Chattogram, Bangladesh, has been signed between the Chittagong Port Authority (CPA) and APM Terminals, part of Danish shipping conglomerate A.P. Moller-Maersk, together with local partner QNS Container Services Ltd.
APM Terminals states that the concession agreement will allow the company to operate the terminal for a period of 30 years, which can be extended based on KPIs (key performance indicators).
The Laldia Container Terminal will be fully designed, financed, built and operated by the investors as a first-of-its-kind model for Bangladesh’s port infrastructure, and the project represents an investment exceeding $550m, making it one of the largest Public Private Partnership (PPP) investments in the country’s history.
The project is part of the Sustainable Green Framework Engagement between Denmark and Bangladesh, a bilateral initiative aimed at fostering green investment, job creation and sustainable economic relations.
Once operational in 2030, the terminal will expand Bangladesh’s annual port handling capacity by over 800,000 TEUs (twenty-feet equivalent units), improving the country’s global trade efficiency and connectivity, thereby helping the key engines of Bangladesh’s export economy such as textiles, apparel and manufacturing reach their import markets around the world.
The new deep-water facility will, over time, allow the Port of Chattogram to handle vessels potentially up to 6,000 TEU, compared to the current limit of 2,800 TEU, and the terminal is expected to generate over 1,000 jobs during construction and more than 500 when in operation.
“It is with great honour that we enter this agreement with Bangladesh, which underscores the great potential that this important market has. This greenfield project enables us to play an active role in supporting the growth of the local manufacturers, exporters, importers and the broader Bangladeshi economy. We are strengthening our commitment to the country with an aim of creating a safe and efficient terminal as well as creating skilled jobs for the future prosperity of the region,” says Keith Svendsen, CEO of APM Terminals.
Shipping Telegraph
port & ship
20 November 20252 min readApm Terminals Invests $550M In Bangladesh Container Terminal
Shipping Telegraph
20 November 2025
port-and-ship
Okeanis Eco Tankers Moves For Two Suezmax Resales In $194M DealGreek owner Okeanis Eco Tankers is moving to expand its crude fleet with the purchase of two suezmax newbuilding resales, backed by a planned share issue to help finance the deal.
The New York- and Oslo-listed company, controlled by the Alafouzos family, has agreed to buy the 157,000 dwt tankers for $97m each. The vessels are under construction at Daehan Shipbuilding in South Korea and are being acquired from an undisclosed third-party seller.
Okeanis said it has signed separate memoranda of agreement for each ship, with both units scheduled for delivery in January 2026. The acquisitions are contingent on the company completing a new equity offering, with proceeds earmarked to cover part of the purchase price.
The move extends Okeanis Eco Tankers’ pattern of adding modern, fuel-efficient crude tankers to its fleet at a time of continued firm earnings in the suezmax segment. The company’s current fleet consists of six scrubber-fitted suezmaxe and eight scrubber-fitted VLCC tankers, built between 2016 and 2022.
Splash247
port & ship
20 November 20251 min readOkeanis Eco Tankers Moves For Two Suezmax Resales In $194M Deal
Splash247
20 November 2025
port-and-ship
Apm Terminals To Invest $550 Million In Peru With Major Callao Port ExpansionStock Photo: STS cranes at APM Terminals' Port Elizabeth Terminal, at the Port of New York and New Jersey. Stock Photo: Mihai_Andritoiu/Shutterstock
By Marco Aquino
CALLAO, Peru, Nov 19 (Reuters) – Dutch port operator APM Terminals will invest $550 million to expand Peru’s Callao port starting in January, chief commercial officer for the company’s Peru unit, Fernando Fauche, said on Wednesday.
The two-year project aims to increase the terminal’s capacity to 24,000 containers, Fauche told journalists during an event celebrating the launch of direct arrivals from Asia to the facility on Peru’s central coast.
Peru’s Callao port in November began offering new direct shipping routes from China and South Korea, cutting transit times to about 23 days, port officials confirmed on Wednesday. The service is designed to strengthen trade ties with Asia and position Callao as a key Pacific hub for Asian imports.
Initial shipments have included retail products from Chinese e-commerce platforms such as Temu, according to Fauche.
“Shipments are fully booked for the next six weeks. There’s demand,” he added.
APM and local port authorities described the nearby Chinese-built megaport of Chancay north of Lima as “complementary,” though industry analysts warn that the two facilities could compete for Asian cargo as infrastructure investments accelerate along Peru’s Pacific coast.
(Reporting by Marco Aquino in Callao, Peru. Writing by Brendan O’Boyle and Lucinda Elliott.)
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gCaptain
port & ship
20 November 20252 min readApm Terminals To Invest $550 Million In Peru With Major Callao Port Expansion
gCaptain
20 November 2025
port-and-ship
Apm Terminals Invests $550M In Callao PortNovember 19, 2025
Dutch port operator APM Terminals will invest $550 million to expand Peru's Callao port starting in January, chief commercial officer for the company's Peru unit, Fernando Fauche, said on Wednesday.
The two-year project aims to increase the terminal's capacity to 24,000 containers, Fauche told journalists during an event celebrating the launch of direct arrivals from Asia to the facility on Peru's central coast.
Peru's Callao port in November began offering new direct shipping routes from China and South Korea, cutting transit times to about 23 days, port officials confirmed on Wednesday. The service is designed to strengthen trade ties with Asia and position Callao as a key Pacific hub for Asian imports.
Initial shipments have included retail products from Chinese e-commerce platforms such as Temu, according to Fauche.
"Shipments are fully booked for the next six weeks. There's demand," he added.
APM and local port authorities described the nearby Chinese-built megaport of Chancay north of Lima as "complementary," though industry analysts warn that the two facilities could compete for Asian cargo as infrastructure investments accelerate along Peru's Pacific coast.
(Reuters)
Maritime Logistics Professional
port & ship
20 November 20251 min readApm Terminals Invests $550M In Callao Port
Maritime Logistics Professional
20 November 2025
port-and-ship
2020 Bulkers Offloads Newcastlemax Bulkers In $145.5M DealLars-Christian Svensen-led 2020 Bulkers has inked an agreement to sell each of its 2020-built newcastlemax vessels, Bulk Sydney and Bulk Santos,to an unaffiliated third party.
The Oslo Børs-listed newcastlemax shipowner said it had agreed to offload the vessels for a total consideration of $145.5m.
The shipowner didn’t disclose the name of the buyers.
The company will retain the vessels’ respective operating cashflows until closing of each vessel transaction, 2020 Bulkers said in a filing, each of which is agreed to take place during the first quarter of 2026.
Meanwhile, the shipowner expects to recognize a net book gain of approximately $61m upon completion of the transactions.
The company’s board of directors will, subject to completion of the sales, determine the allocation of the net proceeds from the transactions.
As it is reported, each sale is subject to certain closing conditions, in line with industry standards.
Magnus Halvorsen, chairman of 2020 Bulkers, commented: “The sales of Bulk Sydney and Bulk Santos for an average price of US$72.75 million per vessel conclude the monetization of the company’s newbuilding program, which was initiated in September 2017.
“Between August 2019 and June 2020, we took delivery of eight scrubber-fitted Newcastlemax vessels at an average all-in delivered cost of US$47.6 million per ship. Driven by a prudent capital structure and active commercial risk management, the company has been profitable every quarter since the first vessel was delivered.
“The newbuilding program was financed with US$142 million in equity in addition to the required debt financing. Since inception, the company has returned US$238 million to shareholders through capital distributions and dividends and expects to realize US$312 million in net proceeds from the sale of the six remaining vessels, following repayment of outstanding debt.
“In addition, the company holds US$17 million in cash as of today and will retain the cash flow from the vessels until they are delivered to their respective buyers.”
Currently, 2020 Bulkers has six newcastlemax dry bulk vessels in operation. All vessels are fitted with exhaust scrubber systems.
Shipping Telegraph
port & ship
19 November 20252 min read2020 Bulkers Offloads Newcastlemax Bulkers In $145.5M Deal
Shipping Telegraph
19 November 2025
port-and-ship