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U.S., Iran trade more strikes as Hormuz tensions simmer

The U.S. and Iran exchanged strikes on Tuesday, marking their worst military tensions since late-July amid continued clashes over the Strait of Hormuz. CENTCOM said in an X post it had concluded a wave of strikes against Iran’s Islamic Revolutionary Guard Corps targets by Tuesday evening, having...

CSSC Shipping expands dry bulk portfolio with 10 newbuilds

CSSC Shipping expands dry bulk portfolio with 10 newbuilds

Hong Kong-listed CSSC Shipping has signed up for ten 80,000 dwt bulk carrier newbuildings in China in a CNH3.235bn ($481m) fleet expansion. The ship leasing arm of state-owned China State Shipbuilding Corporation has entered into contracts with Chengxi Shipyard and China Shipbuilding Trading,...

EuroHoldings locks in boxship cash flow for tanker push

EuroHoldings locks in boxship cash flow for tanker push

EuroHoldings has locked its two vintage feeder containerships into fresh period deals at $24,000 and $20,500 per day, adding around $24m of expected EBITDA as the company builds liquidity for its push into product tankers. The 1,732 teu Joanna has been fixed for at least 30 months, plus up to...

Lucas Cribley Named CEO of C-Innovation

Lucas Cribley Named CEO of C-Innovation

C-Innovation (C-I), a provider of subsea services and an affiliate of Edison Chouest Offshore, announced the promotion of Lucas Cribley to Chief Executive Officer.In his new role, Cribley will lead C-I’s overall strategy and operations as the…

Kongsberg Completes Sonatech Acquisition

Kongsberg Completes Sonatech Acquisition

Kongsberg has completed the acquisition of Sonatech, an underwater acoustics specialist. The acquisition supports Kongsberg’s growth ambitions in the US and strengthens the company’s position as a committed partner to the US Navy.Sonatech is…