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SOV and CSOV Market in Transition as Sale and Purchase Activity Grows

SOV and CSOV Market in Transition as Sale and Purchase Activity Grows

The market for service operation vessels and commissioning service operation vessels is in transition, cooling after several years running hot as new vessels enter service. Analysts report the fleet has shifted decisivel…

Tue Aug 18 20269 min
Hapag-Lloyd Reports $600M Middle East Disruption Costs, Backs ZIM Deal

Hapag-Lloyd Reports $600M Middle East Disruption Costs, Backs ZIM Deal

Hapag-Lloyd has reported around 600 million dollars in cost headwinds from the Middle East conflict in the second quarter of 2026, while expressing confidence its ZIM acquisition will close towards year-end. The German l…

Fri Aug 14 20268 min
Wan Hai Commits Over $900M to Dual-Fuel-Ready Container Newbuilds

Wan Hai Commits Over $900M to Dual-Fuel-Ready Container Newbuilds

Taiwan's Wan Hai Lines has committed more than 900 million dollars to a series of eight dual-fuel-ready container vessels to be built in China. The order comprises seven 11,000-TEU vessels and one 9,200-TEU vessel at Sha…

Wed Aug 12 20267 min
bp Takes Full Control of Calypso Deepwater Gas Project in Trinidad

bp Takes Full Control of Calypso Deepwater Gas Project in Trinidad

bp has agreed to acquire Woodside Energy's 70 percent interest in the Calypso gas project offshore Trinidad and Tobago, raising its stake to 100 percent and assuming operatorship. The early-stage deepwater natural gas pr…

Fri Aug 07 20266 min
ADNOC LS Ramps Up Fleet With $1.3Bn VLCC and VLGC Investment

ADNOC LS Ramps Up Fleet With $1.3Bn VLCC and VLGC Investment

Abu Dhabi-based ADNOC Logistics and Services has stepped up its energy shipping expansion with a 1.3 billion dollar investment in 11 vessels. The acquisition comprises six very large crude carriers and five very large ga…

Fri Aug 07 20268 min
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