CHELSEA SHIPPING CO.

Chelsea Shipping Co. is a subsidiary of Magsaysay Transport and Logistics Group, which is itself part of the larger Magsaysay Group. Based in the Philippines, Chelsea Shipping Co. specializes in maritime transport services, focusing on the logistics and distribution of petroleum products and other liquid cargoes. Established to meet the shipping requirements in the Philippines and beyond, the company operates a fleet of tankers designed for safe and efficient transportation.

Chelsea Shipping Co. has made strides in maintaining high safety standards and compliance with international maritime regulations. The company's fleet includes various types of vessels equipped to handle different kinds of liquid cargoes, such as crude oil, refined petroleum products, chemicals, and other related substances. The shipping routes primarily cover domestic waters but may extend to international destinations, depending on contractual obligations and business needs.

The company aims to provide reliable and timely logistics services, emphasizing safety, environmental stewardship, and operational excellence. Given its strategic importance within the local oil and gas supply chain, Chelsea Shipping Co. plays a crucial role in supporting the energy needs of the Philippines.

As part of the Magsaysay Group, Chelsea Shipping Co. benefits from the larger organization's extensive experience in shipping, logistics, and human resource management, contributing to its overall effectiveness and efficiency in maritime operations.

Ships

DRIN

Bulk Carrier | Flag: Commonwealth of the Bahamas | Port: NASSAU

Maritime News

China Shipbuilding Market Share Drops 20% Amid USTR Port Fees Concerns

16 hours ago

Chinese shipyards’ market share has dropped from 72% to 52% in the first half of 2025 amid growing concerns over the impact of US Trade Representative (USTR) port fees on Chinese ships, according to the latest report from BIMCO, the world’s largest shipping association.USTR port fees, set to take effect in October 2025, will impact both Chinese owners and operators, as well as ships built in China, BIMCO said.Smaller Chinese-built ships will be exempted from fees, depending on sector-specific criteria, along with exemptions for short haul voyages.Global newbuilding contracting in terms of Compensated Gross Tonnage (CGT) dropped 54% y/y during the first half of 2025.

U.S. Shipbuilding, Maritime Dominance Requires a New Ecosystem

2 days ago

With all the Legislative fanfare, Executive Orders, Committee meetings, lobbying efforts and media announcements concerning American Shipbuilding, Naval Warfare and Maritime Dominance, it is no surprise that the result of the uproar is shear confusion within the maritime industrial base (MIB). The April 9, 2025 Executive Order Restoring America’s Maritime Dominance lists more than several reports to the President due within 90 days. Following those initial updates other reports are due at 180 and 210 days. The industry as a whole has not seen references to any of the reports being completed.

Seatrium Makes First Turnkey FPSO Delivery to Petrobras

2 days ago

Seatrium has announced the impending delivery of Petrobras 78 (P-78), the first of a series of turnkey floating production, storage and offloading (FPSO) units to Petrobras.The sailaway ceremony took place two weeks ago at Seatrium’s Singapore yard. Upon delivery, the P-78 will be deployed in Brazil’s prolific Buzios field, the largest deepwater oil field globally, with a production capacity of 180,000 barrels of oil per day (bopd), 7.2 million cubic metres (mcbm) of gas per day, and a storage capacity of 2 million barrels of oil.The P-78 will rank among the largest in the global operating fleet of FPSOs.

Port Authority of Valencia Presents Strategic Plan 2035

2 days ago

The Port Authority of Valencia (PAV) presented its Strategic Plan at the Clock Building of the Port of Valencia, outlining a vision and series of projects with a clear target year of 2035.This is a ten-year plan designed to consolidate Valenciaport as a generator of wealth and quality employment, while also acting as a driver of investment and transformation in the port and logistics ecosystem. Its mission is to deliver the best possible service to the business sector.By 2035, Valenciaport aspires to handle up to 45% of Spain’s loaded container traffic for imports and exports.

European Ports Slow to Install Shore Power

3 days ago

Most European ports are lagging in installing the shore-side electrical infrastructure needed for ships to switch from highly polluting marine fuel to cleaner electricity while docked, a new study showed on Tuesday.European Union environmental rules have set a 2030 deadline for maritime ports to install the infrastructure to provide what is known as onshore power supply (OPS).To assess their roll-out, Brussels-based NGO Transport & Environment (T&E) commissioned a study covering 31 European ports.Findings show that just one in five of the required power supply connections have been installed or contracted so far, with slow uptake across most ports.