MPCC Sells Five Container Ships as Part of Fleet Optimization Effort
MPC Container Ships (MPCC) has entered into an agreement to sell five vessels en bloc, involving three 1,300 TEU vessels and two 2,000 TEU vessels.Separately, two vessels were recently sold to an undisclosed buyer. The average age of the seven sold vessels is 17 years.The five vessels will be sold with the existing charters attached, which will reduce the revenue backlog by approximately $40 million…
Cadeler Welcomes Wind Pace WTIV Newbuild to its Fleet
Danish offshore wind installation firm Cadeler has taken delivery of its latest jack-up wind turbine installation vessel (WTIV), Wind Pace, marking another significant milestone in the company’s ongoing fleet expansion.Delivered safely, on time, and within budget, Wind Pace has become the seventh vessel in Cadeler’s growing portfolio of wind turbine installation vessels.Wind Pace was officially named at a ceremony on the March 12…
South Korea puts Eyes on China in Disputed Yellow Sea
South Korea has deployed a large stationary floating platform in a disputed section of the Yellow Sea, escalating tensions with China over a contested maritime zone where both countries' exclusive economic zones (EEZs) overlap. The move, described by Seoul as a "reciprocal measure," comes in response to a growing Chinese presence in the area, which includes numerous offshore structures that China claims…
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