Maritime Vessels Directory

ADNOC Logistics & Services (ADNOC L&S) has agreed to acquire 11 tankers for approximately $1.3 billion, expanding its crude oil and liquefied petroleum gas (LPG) shipping capacity to support ADNOC Group's growing production, trading and export activities.The acquisition comprises five very large gas carriers (VLGCs) and six very large crude carriers (VLCCs). Nine vessels - six VLCCs and three VLGCs - were acquired on the secondary market and are scheduled for delivery in the third quarter of 2026, after which they will enter service with ADNOC L&S.

Dajin Heavy Delivers Second KING-Class Offshore Wind Logistics Vessel

4 days ago

China-based offshore wind foundations manufacturer Dajin Heavy Industry has delivered KING TWO, the second 40,000 DWT heavy deck carrier in its self-developed and self-built KING series.The delivery represents a step in expanding the company's offshore vessel-building capabilities, marking the transition of the vessel class into standardized batch construction following the commercial deployment of KING ONE.KING TWO has an overall length of 239.8 meters, a beam of 51 meters, a 12,000-square-metre cargo deck, and a range of 16,000 nautical miles.

Strong Cargo Demand Offsets Rising Costs for ONE

5 days ago

Ocean Network Express (ONE) reported a profitable first quarter for fiscal 2026, overcoming higher fuel costs and geopolitical disruptions through strong cargo demand, disciplined capacity management and rising freight rates, while continuing to invest in fleet modernization under its long-term ONE2030 strategy.For the quarter ended June 30, 2026, the Singapore-based container carrier generated revenue of $4.54 billion, EBITDA of $707 million and EBIT of $76 million, resulting in a net profit of $31 million. The carrier transported 3.26 million TEU during the quarter at an average freight rate of $1,300 per TEU.

Beier Integrated Systems Shares Changes in Executive Management

2 days ago

Beier Integrated Systems announced the following changes to its Executive Leadership Team. Karl Beier will transition from his current role as President and Chief Executive Officer (CEO) to serve as Chairman of the Board. As Chairman, Karl will continue to provide strategic guidance and support to the organization. Kory Beier has been appointed President and Chief Executive Officer (CEO). In this role, Kory will lead the company's strategic direction, drive operational excellence, and oversee the continued growth and success of Beier Integrated Systems.

TOTE Services Hosts Medium Landing Ship (LSM) Industry Day

2 days ago

TOTE Services, LLC, a leading U.S. maritime services company specializing in vessel construction management and ship management, hosted more than 30 commercial shipbuilders, equipment manufacturers, marine suppliers, and defense contractors from over a dozen states across the country for its Medium Landing Ship (LSM) Industry Day.The Industry Day serves as the foundational step in assembling a reliable, nationwide supply chain to support multi-yard construction and ensure cost and schedule discipline.Attendees learned about the project timeline, technical specifications, and upcoming bidding requirements for the LSM program.

Maritime Reporter and Engineering News (June 2026)