Adis Ajdin

1 day ago | splash247.com | Adis Ajdin

S&P Global has agreed to acquire the automatic identification system (AIS) business of Orbcomm. The New York-headquartered company said the purchase, on undisclosed terms, will see one of the leading providers of ship tracking services integrated within its Global Market Intelligence division. Orbcomm’s AIS vessel tracking technology has for many years been utilised for supply chain visibility, maritime safety, surveillance and security, environmental monitoring and regulatory compliance.

1 day ago | splash247.com | Adis Ajdin

Shanghai International Port Group Energy has booked an LNG bunker vessel newbuilding at Jiangnan Shipyard. The business unit of Shanghai International Port Group (SIPG) has signed up for a 20,000 cu m unit, scheduled for delivery in the first half of 2027.

1 day ago | splash247.com | Adis Ajdin

Israeli carrier ZIM has been ordered to pay about $3.7m to Samsung Electronics America (SEA) for violating the US Shipping Act. The American affiliate of the Korean manufacturing giant filed a complaint with the Federal Maritime Commission (FMC) in October 2022, claiming Zim engaged in “unreasonable practices, retaliation, refusal to deal, and improper invoices for home appliance products shipped to the US”.

2 days ago | splash247.com | Adis Ajdin

Advantage Tankers has reportedly added to its newbuilding orderbook in a deal for a brace of VLCCs in South Korea. Greece’s Xclusiv Shipbrokers note the Geneva-based owner and operator of about 25 ships has booked the two 320,000 dwt units at Hanwha Ocean at $126.5m each. Established in 2014, the Nazli Williams-controlled company currently lists eight newbuildings, including one VLCC at Jiangsu Hantong Ship Heavy Industry, scheduled for delivery in the fourth quarter of 2026.

2 days ago | splash247.com | Adis Ajdin

Belgium’s CMB.TECH and one of Europe’s largest dry bulk owners, Golden Ocean, have signed a term sheet for a stock-for-stock merger that will create a maritime giant with a combined fleet of more than 250 vessels. Under the agreement, unanimously approved by the boards of both companies, the shipowning vehicle controlled by the Saverys family would end up as the surviving entity, based on an exchange ratio of 0.95 shares of CBM.TECH for each share of Golden Ocean.