Maritime Group News

The Coastal Sustainability Alliance (CSA), an industry collaborative effort led by Kuok Maritime Group (KMG), has announced the start of construction of its first fully electric PXO-series tug (e-tug) and supply boat (e-supply boat) by PaxOcean Group.The zero-emissions vessels are among the first and largest local electric harbour craft designed for operation in Singapore’s coastal waters. They are targeted for deployment in 2025, ahead of the nation’s goal for all new coastal…

Gearbulk announced it has signed a contract for delivery of up to four ammonia/methanol-ready, 82,300 dwt open hatch newbuildings. The contract is firm for two vessels, with an option to purchase a further two.The Swiss-headquartered company said it has secured financing for the vessels, and CSSC Huangpu Wenchong Longxue shipyard will deliver the first two vessels in the first half of 2027.“This contract for four newbuildings marks a significant milestone for Gearbulk as these vessels are set to be the largest and most efficient in the company’s history…

SunStone Maritime Group has announced the long-term summer charter of the Infinity vessel, Ocean Victory, with a new client.From April 2025, the Ocean Victory will be trading in the Mediterranean Sea during northern hemisphere summer seasons for Spanish luxury cruise operator, Alma Cruceros.Alma Cruceros is a Spanish operator planning itineraries covering Spanish destinations in the Mediterranean, as well as Northern and Western Africa and the Canary Islands. The cruise product will be designed for Spanish speaking passengers in all areas from music…

Belgian tanker operator Euronav has concluded the acquisition of 100% shares in cleantech maritime group CMB.TECH for $1.15 billion in cash.The transaction is part of Euronav’s renewed strategy of diversification, decarbonization and accelerated optimization of the its current crude oil tanker fleet, driven by CMB.TECH’s ‘future-proof’ fleet of 106 low carbon vessels, of which 46 are under construction.It was first announced in December 2023, and also entails Euronav’s proposal change its corporate name to CMB.TECH following completion of the transaction and the offer.

C-Suite leaders of ABS, Panama Canal Authority, BIMCO, INTERCARGO, IACS, DNV, Stena Bulk, Hapag-Lloyd, IBIA, International Seaways and many more have been announced for the conference lineup at CMA Shipping 2024.With just six weeks to go, eager anticipation is growing for the 39th edition of CMA Shipping taking place in Stamford, Conn., from March 12-14, 2024.The conference agenda promises to highlight pertinent issues surrounding the future of shipping, and how the industry can navigate challenges such as the energy transition, crewing and education, safety and compliance.

SunStone Maritime Group announced it has secured multi-year charters for two of its expedition cruise ships.The deals are for SunStone's Infinity Class vessels Ocean Explorer and the Ocean Odyssey, both built by China Merchants Heavy Industry (Jiangsu) and delivered in 2021 and 2022 respectively.Under its new charter agreement, Ocean Explorer will return to polar cruising in October 2024 for SunStone's long-term client Quark Expeditions. The vessel, which ran aground in a remote part of Greenland last year…

Belgian tanker operator Euronav and its controlling shareholder CMB have entered into a share purchase agreement for the acquisition of 100% of the shares in cleantech maritime group CMB.TECH for $1.15 billion in cash.Euronav said the transaction is part of its renewed strategy of diversification, decarbonization and accelerated optimization of the its current crude oil tanker fleet, driven by CMB.TECH’s ‘future-proof’ fleet of 106 low carbon vessels, of which 46 are under construction.CMB.TECH builds…

Norway's minority government and two opposition parties have agreed to allow seabed mineral exploration in the Arctic region, they said on Tuesday, in a key step towards full-scale ocean mining.The deal comes as Norway hopes to become the first country to make deep-sea mining happen on a commercial scale and secure critical minerals and jobs despite concerns over the environmental impact and international calls for a moratorium.The amended version of the government's proposal, which parliament will formally debate on Jan.

Two commercial ships that diverted their course in the Red Sea and Gulf of Aden were connected to the same maritime group whose vessel was seized by Yemen's Houthis, according to shipping data and British maritime security company Ambrey.Israel on Sunday said the Houthis had seized a British-owned, Japanese-operated cargo ship in the southern Red Sea, describing the incident as an "Iranian act of terrorism" with consequences for international maritime security.The Houthis, an ally of Tehran…

A luxury cruise ship that ran aground this week in a remote part of Greenland with 206 people on board was pulled free by a fishing trawler on Thursday.The Ocean Explorer cruise vessel had been stuck since Monday in mud and silt in the Alpefjord national park, some 1,400 km (870 miles) northeast of Greenland's capital Nuuk."We have just successfully become free now. ...

Gearbulk and Grieg Maritime Group joint venture G2 Ocean is adding two more ammonia-ready 82,300 dwt open hatch vessels to its fleet. Chinese shipbuilder CSSC Huangpu Wenchong Longxue will build the vessels for scheduled delivery in 2026.Following its commitment to only purchase newbuilt vessels with zero-emission technology, Grieg signed a contract in May 2023 with the shipyard CSSC Huangpu Wenchong Longxue which included two firm plus two optional 82,300 deadweight tonne (dwt) ammonia-ready open hatch vessels. Last week, Grieg exercised its option for the two additional vessels.

Hyundai Mipo Dockyard has signed a contract to build two 22,000 cubic meter liquefied carbon dioxide (LCO2) carriers worth KRW 179 billion ($142 million) for the Capital Maritime Group of Greece.The vessels will be 159.9 meters long, 27.4 meters wide and 17.8 meters high. As well as LCO2, they will be designed to transport various liquefied gas cargoes such as LPG and ammonia. They will be made ready for ammonia dual fuel operation.According to the Global CCS Institute, a research institute in the field of carbon capture and storage…

OSM Maritime Group and Thome Group have received approvals from competition authorities to merge and create one of the world's largest ship management companies.The merged company, OSM Thome, says it will be a powerhouse in the international ship management market, represented in 22 countries and headquartered in Arendal, Norway.Finn Amund Nordbye CEO of OSM Thome said: "This is a big day for OSM Thome. Our merger is now formally and finally approved. The merged company combines proud traditions with high ambitions.

Höegh Autoliners announced it is partnering with Norwegian green energy provider North Ammonia for the supply, distribution, delivery and consumption of green ammonia, a carbon free fuel produced using renewable energy.Under the deal, North Ammonia—established by Grieg Maritime Group and Arendals Fossekompani in 2021—will supply Höegh Autoliners with green ammonia from its planned production facility in Arendal in southern Norway.Höegh Autoliners currently has on order eight ammonia…

Expedition cruise company SunStone Maritime Group A/S recently received its sixth Infinity class vessel, the Ocean Albatros. Final documentswere signed on Thursday, April 20, completing delivery of the vessel from the CMHI Shipyard in Haimen, China, to the SunStone companies. The ship will be on a year-round charter to Albatros Expeditions.Infinity Class Vessels are 104 m long and 18 m wide, with a draft of 5.1 m. They feature a passenger capacity between 130 and 200 and a crew capacity between 85 and 115.

The Maritime Institute of Technology and Graduate Studies (MITAGS) announced that Mark Heward has joined its team as Director. Heward came aboard with MITAGS in October 2022, after retiring from a 22-year active service career in the Royal Navy.“We are thrilled to welcome Mark Heward aboard as the Director of MITAGS. Mark’s underway time, leadership, management and training experience together with being fully STCW qualified and his continuing education experience are a rare combination,” said Eric Friend, MITAGS Executive Director.

OSM Maritime Group and Thome Group have agreed to a merger that will create one of the world's largest ship management companies.The combined company OSM Thome will be headquartered in Arendal, Norway, with technical management hubs maintained in Singapore and Europe. Today, the two companies manage 1,000 ships in different segments such as tank, bulk, container, car carriers, cruise ships and offshore vessels and units, whereof 450 ships on full technical management, and 550…

The Maritime Institute of Technology and Graduate Studies (MITAGS) said Friday that Mark Heward had joined as Director of MITAGS.Heward came aboard with MITAGS in October 2022, after retiring from a 22-year active service career in the Royal Navy.Eric Friend, MITAGS Executive Director, said: "We are thrilled to welcome Heward Heward aboard as the Director of MITAGS. Mark’s underway time, leadership, management, and training experience, together with being fully STCW qualified…

SunStone Maritime Group A/S took delivery of two Infinity class ships -- Sylvia Earle and Ocean Odyssey -- from the CMHI Shipyard in Haimen, China. The pair are the fourth and the fifth of the Infinity class delivered from China Merchant Heavy Industries, and both will be on long-term, year-round charter: the SYLVIA EARLE with Aurora Expeditions, and the OCEAN ODYSSEY with Vantage Deluxe World Travel.The Infinity series of ships represents a collaboration between European design and technology and Chinese shipbuilding.Infinity class ships measure 104 x 18m with a 5.1m draft.

Global law firm K&L Gates LLP has added Felisa Sanchez as of counsel in the maritime and finance practices. She joins the firm’s Houston office from Foley & Lardner LLP.Sanchez focuses her practice on a wide variety of corporate, finance, and commercial matters for domestic and international clients in the financial services, maritime, transportation, and energy sectors. She has nearly 20 years of experience representing public and private companies in complex transactions, including maritime financings and restructurings…

Maritime and offshore service provider OSM Maritime Group will act as Ocean Infinity's newbuild site supervision partner, for six robotic offshore vessels being built for Ocean Infinity in Norway, for its Armada Fleet.Four vessels will have a length of 21 meters and tow vessels of 36 meters. The robotic vessels, being built at GMV shipyard in Norway will be equipped with state-of-the-art sensors and pioneering navigational technology that allows information to be gathered from the shallowest and deepest waters.

Naval architecture firm LMG Marin has secured a contract to design a zero-emissions tanker for Grieg Edge, the dedicated innovation unit of the Grieg Maritime Group. The vessel is said to be the world’s first green ammonia-fueled tanker, according to the Norway-based designer, a wholly-owned subsidiary of Singapore-headquartered Sembcorp Marine.The new ship, to be named Green Ammonia, will transport and distribute green ammonia fuel from a production facility in Berlevåg, Norway…

Global maritime group Wilhelmsen and the Norwegian offshore supply base firm NorSea have together acquired an 18% stake in the Norwegian deep-sea mining company Loke Marine Minerals."As the energy transition continues to gather pace, we are actively looking at new projects and business areas, outside of the oil and gas industry, where NorSea’s unique port infrastructure and proven service and supply know-how can continue to be a key driver of success. The development of the seabed mineral industry in Norway is far from certain…