Adis Ajdin

2 weeks ago | splash247.com | Adis Ajdin

New York-listed Navios Maritime Partners has confirmed the recently reported sale of its 15-year-old panamax boxship, achieving a tripling of its original investment in the S&P market alone. The Angeliki Frangou-led company said it had offloaded the 2009 Jiangsu New Yangzijiang-built 4,250 teu Navios Tempo for $35.5m after purchasing the unit in 2017 for just $10.3m from V Ships Hamburg.

2 weeks ago | splash247.com | Adis Ajdin

Japanese shipping giant Nissen Kaiun has contracted three LR2 tankers from South Korea’s HD Hyundai Heavy Industries. Two of the 115,000 dwt vessels will be built at HD Hyundai’s Agila Subic Shipyard in the Philippines, with delivery slated for the first quarter of 2028. The third will be built at HD Hyundai Vietnam Shipbuilding’s yard in Ninh Phuoc, scheduled for delivery in the fourth quarter of 2028.

3 weeks ago | splash247.com | Adis Ajdin

Hengli Heavy Industry Shandong Ocean Shipping Group is making strategic moves to bolster its dry bulk fleet by tapping into the domestic shipbuilding market. The maritime logistics subsidiary of Shandong Port Group has selected Hengli Shipbuilding for the construction of two 95,500 dwt vessels. The total value of the deal stands at CNY548m (around $76m), with the yard in Dalian likely delivering the newbuilds in 2027.

3 weeks ago | splash247.com | Adis Ajdin

The volume of ship traffic in the Red Sea has increased by 60% since August 2024, now reaching 36 to 37 ships per day. Despite the rebound, volumes remain well below pre-crisis levels, according to Rear Admiral Vasileios Gryparis, commander of the EU’s Aspides naval mission.

3 weeks ago | splash247.com | Adis Ajdin

German shipowner Carsten Rehder Schiffsmakler und Reederei is further strengthening its ties with India’s Garden Reach Shipbuilders and Engineers (GRSE), signing a new memorandum of intent for four additional multipurpose (MPP) dry cargo vessels. The agreement, signed during the Nor-Shipping event in Oslo, brings the total number of 7,500 dwt MPP ships ordered by Carsten Rehder at the Kolkata-based yard to 12.