Delfin Midstream Signs Additional Long-Term LNG Supply Agreement with Gunvor
Delfin Midstream Signs Additional Long-Term LNG Supply Agreement with Gunvor
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Freight News
07/05/2026
Delfin Midstream Inc. and Gunvor Group announced today that Gunvor International B.V. Amsterdam, Geneva Branch (“Gunvor”), has entered into a long-term LNG Sale and Purchase Agreement (“SPA”) with Delfin LNG LLC (“Delfin LNG”), a subsidiary of Delfin.
Under the SPA, Delfin LNG will supply 0.3 million tonnes of LNG per annum to Gunvor on a free-on-board (“FOB”) basis at the Delfin FLNG1 facility, located 40 nautical miles off the coast of Louisiana, for 20 years.
Kalpesh Patel, Co-Head of LNG Trading and member of the Management Board of Gunvor, said: “We are very pleased to announce another long-term partnership with Delfin.
WISTA International introduces Associate Membership with collaboration high on Mid-Term Meeting agenda
WISTA International introduces Associate Membership with collaboration high on Mid-Term Meeting agenda
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International Shipping News
07/05/2026
The WISTA International Executive Committee gathered in London from 17 – 19 April for its annual Mid-Term Meeting, with an agenda highlighting the role partnerships and collaboration continue to play in driving change in the maritime industry.
During the three-day programme, the Executive Committee met with WISTA International partners, including the International Maritime Organization (IMO) and the International Chamber of Shipping. Discussions focused on current and future collaborations, with an emphasis on increasing awareness of the importance of inclusion across industry projects.
WISTA International Executive Committee
Central to the outcomes of the Mid-Term Meeting was the approval of the WISTA International Associate Membership. This new level of membership will be open to corporate entities operating in the shipping, trading, logisti
Incat, Wärtsilä and Molslinjen Showcase Landmark Electric Ferry Project
Incat, Wärtsilä and Molslinjen Showcase Landmark Electric Ferry Project
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International Shipping News
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Shipping: Emission Possible
07/05/2026
Incat, Wärtsilä and Molslinjen have unveiled a new collaborative video highlighting one of the most significant electrification projects in the global maritime sector.
Premiered at the 2026 Shippax Conference in Italy, the video provides a first look at the world-leading technology and innovation behind three 129-metre battery-electric ferries currently under construction at Incat’s shipyard in Tasmania. Once delivered, the vessels will be the largest electric ferries operating in Europe.
The project brings together leading expertise in shipbuilding, propulsion technology and ferry operations, demonstrating what is now possible at scale as the industry accelerates toward low-emission maritime transport.
Incat Chairman Robert Clifford said the project represents a defining moment for the maritime industry.
“This project shows that large-scale, h
Samsung Heavy Industries picks TMC for four LNG carriers
Samsung Heavy Industries picks TMC for four LNG carriers
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International Shipping News
07/05/2026
TMC Compressors (TMC) has been contracted by Samsung Heavy Industries (SHI) to supply the marine compressed air system to four LNG carriers that the South Korean shipyard is constructing for TMS Cardiff Gas Ltd.
TMC’s scope of supply is to provide instrument and service air compressors to each of the four LNG newbuildings. The compressors are energy efficient, single stage, oil-lubricated marine screw compressor that are designed and manufactured for continuous operation in high ambient temperatures.
TMC has not disclosed the value of the contract.
Hans Petter Tanum
“We have historically delivered a number of similar marine compressed air systems to both SHI and TMS Cardiff Gas. As our compressed air systems are designed to keep operating expenditure to a minimum, and is designed solely for marine and offshore applications, we have become a favoured supplier in the LNG segment,” says Hans
Steelpaint Completes Trial Coating On Mur Shipping Bulker
Steelpaint Completes Trial Coating On Mur Shipping Bulker
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International Shipping News
07/05/2026
Steelpaint GmbH, the German manufacturer of high-performance single-component moisture cure polyurethane (MCPU) coatings, has completed a test coating on MUR Shipping’s 63,000dwt bulk carrier African Bari Bird.
The project marks a first reference for the company’s advanced Stelpant system on an Indian managed vessel and represents a significant step forward in the company’s strategy to penetrate one of the world’s most active bulk carrier markets.
Coatings work was carried out at China’s Zeme Shipyard during a scheduled drydocking in December, with trial coats applied to a cargo hold forward hatch coaming, corrugated bulkhead, lower stool and tank top.
According to Li Yinlong, the General Manager of Steelpaint China, MUR Shipping’s decision to trial the Stelpant system reflects the sector-wide challenge of keeping cargo holds protected against a relentless cycle of abrasion and corrosio
PPA S.A.: 2025 Marked Record Results With Revenues of €250.8 million
PPA S.A.: 2025 Marked Record Results With Revenues of €250.8 million
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Hellenic Shipping News
08/05/2026
PPA S.A. presented its financial results for fiscal year 2025 to the Hellenic Fund and Asset Management Association at Euronext Athens. The presentation was delivered by Company executives, led by Deputy CEO Mr.
More Newbuilding Orders and S&P Activity in the Shipping Markets
More Newbuilding Orders and S&P Activity in the Shipping Markets
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Hellenic Shipping News
08/05/2026
A
ctivity remained strong in the newbuilding and S&P markets over the past few days. In its latest weekly report, shipbroker Banchero Costa said that in the newbuilding segment “in the container sector, China Merchants H.I. secured an order for 4 x 1,800 teu dual-fuel methanolready containerships from China Merchants Energy Shipping.
Dry Bulk Vessel Crossings In The Strait Falling To Zero
Dry Bulk Vessel Crossings In The Strait Falling To Zero
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Dry Bulk Market
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International Shipping News
09/05/2026
F
REIGHT MARKET OVERVIEW
The Baltic Dry Index is approaching the 3,000-point threshold, supported by sustained gains across all major vessel segments, with the Capesize market continuing to lead the rally at +149% year-on-year. Current index levels represent the strongest performance recorded since 2023, reflecting a marked improvement in freight market sentiment, particularly in the Capesize sector, which has driven consistent upward momentum since the end of the first quarter of this year.
The Panamax segment is also demonstrating robust annual growth, with index levels up +57% year-on-year. Meanwhile, positive market fundamentals continue to support the smaller vessel categories, with the Supramax index increasing by +58% year-on-year and the Handysize index by +47% year-on-year.
FREIGHT ATLANTIC
Capesize C3 / Panamax P7 Firmer
C3 | Tubarao to Qingdao | 36.91 $/MT | Da
Alaska Mega-Tsunami Raises Alarm for Cruise Ships in Glacier Fjords
Aerial photo of the August 10, 2025 landslide captured during a field reconnaissance overflight on August 13, 2025. Look direction is to the west.? USGS Photo
Alaska Mega-Tsunami Raises Alarm for Cruise Ships in Glacier Fjords
Mike Schuler
Total Views: 1
May 8, 2026
A massive landslide in Alaska’s Tracy Arm fjord triggered one of the tallest tsunamis ever recorded, sending water 481 meters—about 1,578 feet—up the opposite wall of the fjord in what scientists are calling a climate-linked near miss for cruise tourism.
The Aug. 10, 2025 event, detailed in a new study published Wednesday in
Science
, began when more than 64 million cubic meters of rock collapsed into the fjord near South Sawyer Glacier, about 80 miles south-southeast of Juneau.
BIMCO and ICS welcome Beijing Convention coming into force
BIMCO and ICS welcome Beijing Convention coming into force
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International Shipping News
09/05/2026
The Convention, officially the United Nations Convention on the International Effects of Judicial Sale of Ships, entered into force on 17 February.
The Convention is intended to address the transborder effects of judicial sales and aims to clarify the legal uncertainty regarding the clean title which the judicial sale is supposed to confer upon the purchaser of a ship in a judicial sale. Its entry into force marks a significant step forward for legal certainty in international maritime trade.
The International Chamber of Shipping (ICS) and BIMCO are supportive of the Convention and encourage states to sign and ratify it. The main reasons for this are as follows:
The Convention establishes a harmonised regime for giving international effect to judicial sales.