All Endowed

Pangaea Sells 20-Year-Old Bulker in Fleet Modernisation Drive

US dry bulk owner Pangaea Logistics Solutions has agreed to sell its 2006-built panamax bulker Bulk Xaymaca for $9.6m as part of its fleet renewal strategy. The vessel, previously the oldest in the company’s fleet, is expected to be delivered to an unnamed buyer in the second quarter of 2026.

The sale follows the disposal of the supramax Bulk Freedom in late 2025 for the same price, continuing the company’s effort to replace ageing ships with more modern and efficient tonnage.

Pangaea currently operates a fleet of 39 owned vessels and supports its cargo commitments and long-term contracts of affreightment with more than 20 additional chartered ships.

Fugro Secures Key Survey Role for Ireland’s Pioneering Offshore Wind Farm

Fugro has won a contract from Oriel Windfarm to conduct a detailed geotechnical site investigation for a planned 375 MW offshore wind project off Louth County, Ireland. The survey will provide crucial data to guide the design and installation of foundations for 25 wind turbines.

The project—being developed by JERA Nex bp and Electricity Supply Board—is expected to become one of Ireland’s first commercial-scale offshore wind farms.

The survey campaign has already begun with the deployment of the survey vessel Fugro Voyager. Work includes cone pe*******on testing, wireline geophysics, and laboratory analysis, generating geo-data that will help engineers understand seabed conditions, optimize turbine foundation design, and reduce installation risks.