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Category: splash24x7

  • Norden pounces on five leased ships and signs up for bulker newbuilds

    Norden pounces on five leased ships and signs up for bulker newbuilds Denmark’s Norden has seized the opportunity to bolster its owned fleet by five ships and signed to lease a fresh pair of bulker newbuildings as two older capesize units are being lined up for the new owner. The Jan Rindbo-led owner and operator…

  • Trading house STX Group buys Marine Olie for biofuels business growth

    Trading house STX Group buys Marine Olie for biofuels business growth Dutch environmental commodity trader STX Group has acquired compatriot trader of waste-based advanced feedstocks Marine Olie for an undisclosed sum. The Amsterdam-based firm said the move would bolster its position in the biofuels value chain and support the company’s aim of becoming a globally…

  • Shipping heavyweights invest in UK decarbonisation firm

    Shipping heavyweights invest in UK decarbonisation firm US-based shipbroker and consulting group McQuilling Partners has joined the growing list of marine industry heavy hitters backing the UK-listed green decarbonisation pioneer SulNOx. McQuilling is investing in a new funding round led by SulNOx’s largest shareholder Constantine Logothetis and Norway’s shipowner Nistad Group after the UK firm’s…

  • Petrofac extends charter for DDW Offshore AHTS

    Petrofac extends charter for DDW Offshore AHTS Norway’s DDW Offshore, a subsidiary of Akastor, has been awarded a six-month extension for an anchor handling tug supply (AHTS) vessel from Petrofac. The extension will keep the contract term for the AHTS Skandi Emerald employed to July 14, 2025. Initially, the contract was awarded to the Skandi…

  • DryDel enters cape segment with double order at Namura

    DryDel enters cape segment with double order at Namura Greek bulker player DryDel Shipping is moving into the capsize sector through a newbuilding deal in Japan. The Costas Dellaportas-led company has ordered a pair of scrubber-fitted 182,000 dwt vessels at Namura Shipbuilding with delivery set for 2028. Financial details were not given, but DryDel said…

  • Castor takes a loss on boxship sale

    Castor takes a loss on boxship sale Cyprus-based shipowner Castor Maritime will sell one of its three containerships, taking a loss of about $3.3m. The Petros Panagiotidis-led company has struck a $16.5m deal with an unaffiliated third party for the 2005-built 2,700 teu Ariana A. The company picked up the German-built boxship, estimated by VesselsValue…

  • Seacor Marine orders PSVs in China as it clears out AHTS fleet

    Seacor Marine orders PSVs in China as it clears out AHTS fleet US offshore vessel owner and operator Seacor Marine has ordered two platform supply vessels at China’s Fujian Mawei Shipbuilding for delivery in the fourth quarter of 2026 and the first quarter of 2027. The deal with the yard, which earlier this year also…

  • Nanjing Tanker heads to GSI for four newbuilds

    Nanjing Tanker heads to GSI for four newbuilds China’s Nanjing Tanker is continuing its fleet renewal with a series of panamax tanker newbuilds at a domestic yard. The Shanghai-listed owner under the China Merchants Group said in a filing it would order four 65,000 dwt carriers at Guangzhou Shipyard International (GSI) for about $250m. The…

  • Houthis fire barrage at passing American convoy

    Houthis fire barrage at passing American convoy The Houthis roared back into action yesterday, firing a barrage of armaments against a passing American convoy in the Red Sea. As is common in the 13-month campaign waged by the Houthis, there are discrepancies in terms of the scale and efficacy of the latest attacks with the…

  • Rising climate risks and the evolving role of marine insurance

    Rising climate risks and the evolving role of marine insurance Robert Mackay from FDR Risk writes for Splash today. Extreme weather events triggered by climate change are becoming more frequent and severe, reshaping operational risk and creating unprecedented challenges for shipowners and operators. The recent floods in Valencia, Spain, only served to refresh the urgency…

  • Shearwater secures more work off India

    Shearwater secures more work off India Norway’s Shearwater Geoservices has continued to win work offshore India with a new contract for a large-scale 2D seismic survey The Bergen-based seismic vessel major has secured about five months of utilisation for its 2010-built SW Thuridur on the continental shelf margin off the west coast of India. The…

  • Höegh Autoliners clinches another contract extension

    Höegh Autoliners clinches another contract extension Norway’s Höegh Autoliners has secured a new shipping contract with a major unnamed international carmaker. The Oslo-listed outfit said the arrangement worth more than $100m is an extension of an existing deal, which has been updated to reflect the current market. The deal will see the operator of about…

  • MSC completes Hamburg port investment

    MSC completes Hamburg port investment Mediterranean Shipping Co (MSC), the world’s largest container line, has completed its buy-in into the port of Hamburg, radically changing the container port landscape in northern Europe in the process.  MSC now controls 49.9% in Hamburger Hafen und Logistik Aktiengesellschaft (HHLA), with the city of Hamburg holding a 50.1% stake…

  • Trøim’s VLCC investment vehicle goes public

    Trøim’s VLCC investment vehicle goes public Tor Olav Trøim’s new supertanker venture has listed its shares for trading on Euronext Growth Oslo. The company called Bruton is sponsored by Trøim’s Magni Partners and currently has two 299,500 dwt VLCCs under construction at New Times Shipyard in China, via subsidiary Andes Tankers, scheduled for delivery in…

  • Hapag-Lloyd fixes methanol supplies out of China

    Hapag-Lloyd fixes methanol supplies out of China German liner Hapag-Lloyd has reached an agreement with Beijing-headquartered Goldwind for the delivery of 250,000 tonnes of green methanol per year. The green methanol will consist of a blend of bio- and e-methanol, ensuring greenhouse gas (GHG) emissions reduction of at least 70%, according to Hapag-Lloyd.  “As part…

  • Schulte forms Chinese crew joint venture

    Schulte forms Chinese crew joint venture The Schulte Group, Huayang Maritime Center, and Haikou Xinhaina Port and Shipping Technology Co have formed a joint venture on Hainan Island in the far south of China. Called BSM-HMC Maritime Services, the aim of the new joint venture is to build a strong local network to cultivate a…

  • ONE buys into Jakarta terminal

    ONE buys into Jakarta terminal Japanese liner Ocean Network Express (ONE) has bought a minority stake in New Priok Container Terminal One (NPCT1) in Jakarta, Indonesia for an unspecified price. Built in 2016, NPCT1 has an annual capacity of 1.5m teu and can accommodate the largest ships afloat today. Other shareholders in the terminal are shareholders…

  • Geneva Dry Dialogues: Heidelberg Materials Trading

    Geneva Dry Dialogues: Heidelberg Materials Trading The dry bulk fleet is rapidly ageing and new orders will be vital next year, even if yards are overflowing with contracts for other types of ships. That’s the view of Willem Vermaat, shipping director at cement giant Heidelberg Materials Trading, who will be joining the minor bulks session…

  • ‘From the doghouse to the outhouse’: VLCCs’ tricky Q4 voyage

    ‘From the doghouse to the outhouse’: VLCCs’ tricky Q4 voyage The VLCC market has gone “from the doghouse to the outhouse” with rates plummeting across the board in all areas in the week gone by, according to Norwegian broker Fearnleys. Nevertheless, the tanker segment remains in profitable territory, however owners are frustrated that there has…

  • Pacific Basin orders methanol dual-fuel ultramaxes

    Pacific Basin orders methanol dual-fuel ultramaxes Hong Kong-based dry bulk shipping giant Pacific Basin has ordered four methanol dual-fuel ultramaxes at Japan’s Nihon Shipyard for delivery between 2028 and 2029.  Two of the 64,000 dwt vessels are contracted jointly with Nihon Shipyard and Imabari Shipbuilding, and the other two newbuilds are agreed with Japanese trading…

  • Belships owner eyes selling up

    Belships owner eyes selling up Kontrari and Kontrazi, investment vehicles controlled by Frode Teigen, the largest shareholder of Belships, have revealed they are looking at selling their position in the Norwegian dry bulk owner. Teigen has hired Fearnley Securities to evaluate “potential strategic alternatives”, according to a release.  Teigen owns 53.9% of the shares in…

  • Avance Gas says goodbye as Exmar swoops for last four newbuilds

    Avance Gas says goodbye as Exmar swoops for last four newbuilds John Fredriksen-controlled Avance Gas is to be wound up as it sells its last four ships under construction to Exmar.  Avance Gas had sold the majority of its fleet to BW Group earlier this year. It has now found a buyer for four mid-sized…

  • Rivals scramble to keep pace with MSC

    Rivals scramble to keep pace with MSC The unmatched scale and growth ambitions of Mediterranean Shipping Co (MSC) is forcing competitors to scramble for tonnage.  Alpahliner is reporting that MSC has now surpassed 400 secondhand ship purchases since it embarked on a historical buying spree amid the covid pandemic in August 2020. Alphaliner tallies 402…

  • Freight Investor Services appoints new CEO

    Freight Investor Services appoints new CEO Freight Investor Services (FIS), a London-based freight and commodity brokerage, has appointed George Dranganoudis as its new CEO. John Banaszkiewicz will continue in his role as chairman. With over 30 years of experience in the financial services industry, Dranganoudis most recently served as deputy CEO at TP ICAP. Banaszkiewicz,…

  • Maritime Partners celebrates closing new financing solution for shipping

    Maritime Partners celebrates closing new financing solution for shipping Louisiana-based Maritime Partners is celebrating the closing of a $750m, first-of-its-kind warehouse facility, which will be collateralised by three wholly owned business lines within one of its managed funds with a syndicate of lenders led by ATLAS SP Partners. The initial portfolio includes Jones Act tankers,…

  • Douglas Wheat steps down as chairman of International Seaways

    Douglas Wheat steps down as chairman of International Seaways Douglas Wheat has stepped down as chairman of New York-listed International Seaways. The industry veteran who has chaired Seaways’ since November 2016, will be replaced by Ian Blackley – the company’s board member and former top man at its predecessor Overseas Shipholding Group. “Wheat’s resignation was…

  • Meta taps into Norden’s biofuel offering 

    Meta taps into Norden’s biofuel offering  Danish shipping giant Norden has sealed a deal with Mark Zuckerberg’s Meta for the use of sustainable fuels in its maritime supply chains. The owner of Facebook, which has set a goal of reaching net-zero emissions across its value chain in 2030, has signed up for the so-called Book…

  • PSA and Evergreen form Singapore box terminal joint venture

    PSA and Evergreen form Singapore box terminal joint venture Singapore’s PSA International and Taiwanese liner Evergreen have established a new joint venture terminal in Singapore, set to start operations by the end of this year. The strategic partnership will offer long-term terminal capacity assurance to the world’s seventh-largest carrier’s fast-expanding global vessel fleet in PSA…

  • Why Trump’s return is neither good nor bad for shipping

    Why Trump’s return is neither good nor bad for shipping Donald Trump will soon be back in the Oval Office. Pierre Aury wonders whether we are entering a time loop. A 78-year-old man will soon be the 47th president of the US. He will be replacing an outgoing president who was also 78 when he…

  • IWS Fleet and Asso.subsea terminate CSOV charter deal

    IWS Fleet and Asso.subsea terminate CSOV charter deal Oslo-listed Integrated Wind Solutions (IWS) has seen its subsidiary IWS Fleet terminate a charter deal with Greece-based offshore contractor Asso.subsea for one of its commissioning service operation vessels (CSOVs). The Awilco-backed outfit, which owns close to 75% of IWF Fleet, said in its quarterly earnings report that…

  • Tim Wilkins takes the reins at INTERTANKO

    Tim Wilkins takes the reins at INTERTANKO Tim Wilkins has been promoted to become the managing director of the International Association of Independent Tanker Owners (INTERTANKO) having been with the organisation since 1999. There’s also been a change in chairman. Wilkins will take over from Katharina Stanzel on January 1. Stanzel, who has headed up…

  • Shipping toasts best year for tonne-mile growth since 2010

    Shipping toasts best year for tonne-mile growth since 2010 The Red Sea shipping crisis – and to a smaller extent, the drought in Panama – have led to the strongest growth in tonne-miles registered this year since 2010, helping prop up rates to highly profitable levels for most shipping sectors. According to data from Clarksons…

  • EuroDry signs for ultramax newbuilds

    EuroDry signs for ultramax newbuilds Nasdaq-listed Greek dry bulk owner EuroDry has turned to a Chinese shipyard to expand and modernise its fleet. The Aristides Pittas-led company has contracted two ultramax newbuilds at Nantong Xiangyu Shipbuilding for delivery in the second and third quarters of 2027. EuroDry is paying $71.8m for both 63,500 dwt ships,…

  • Spliethoff targeted by the Australian Maritime Safety Authority

    Spliethoff targeted by the Australian Maritime Safety Authority The Australian Maritime Safety Authority (AMSA) has banned the Netherlands-flagged general cargo ship Marsgracht from entering Australian ports for 180 days following two incidents this year where the vessel was found to have wrongly stowed dangerous goods contrary to the International Maritime Organization’s International Maritime Dangerous Goods…

  • Ship engines develop allergy to cashew nut fuel

    Ship engines develop allergy to cashew nut fuel Shipowners have been told to avoid selecting fuel made from cashew nutshells, a niche fuel that has been found to cause problems in engine rooms.  Bunker fuel tester CTI-Maritec has reported that several ships fuelling up in Singapore and Rotterdam have reported operational problems including fuel sludging,…

  • Scrubber installation costs plummet

    Scrubber installation costs plummet In just over a month it will be the fifth anniversary of the global sulphur cap, and debate continues to rage about the environmental benefits brought about by the regulation and the subsequent mass adoption of scrubbers. Shipowners continue to favour scrubbers for large newbuilds, with the price of installation dropping…

  • Solstad Offshore rakes in $60m worth of new deals

    Solstad Offshore rakes in $60m worth of new deals Norwegian vessel owner Solstad Offshore has won a total of 900 days of work in multiple new contracts and contract extensions worth $60m. The company’s 2008-built CSV Normand Valiant has been awarded a 1.5-year firm contract with Petrobras in Brazil. The start of the contract is…

  • IMS pockets tidy profit from sale of vintage MR tanker

    IMS pockets tidy profit from sale of vintage MR tanker Tanker sales have been thin on the ground this month. One sale stands out in Greece, sealed in the popular MR segment. Greek tanker owner IMS has sold its second tanker in a row, almost doubling its money by selling the 2004-built, 47,000 dwt Bruno…

  • SeaQ wins this year’s Captain’s Table 

    SeaQ wins this year’s Captain’s Table  SeaQ, a safety data collection tool created by PsyFyi, was crowned this year’s winner at the Splash-televised finals of the maritime pitch competition, The Captain’s Table, in one of the top events at the ongoing Hong Kong Maritime Week. SeaQ is a data collection and reporting tool complied anonymously…

  • Rem Offshore and DeepOcean land Equinor contract for IMR newbuild

    Rem Offshore and DeepOcean land Equinor contract for IMR newbuild Norwegian offshore vessel player Rem Offshore has sealed a charter deal with subsea services provider DeepOcean, backed by the largest contract to date for both companies with compatriot energy major Equinor. The ‘record-breaking’ eight-year firm deal will see a methanol dual-fuel and battery hybrid inspection,…

  • Solstad clinches subsea construction vessel deal

    Solstad clinches subsea construction vessel deal Norwegian vessel owner Solstad Offshore has revealed a new contract with an undisclosed client for the subsea construction vessel Normand Maximus. The contract has a firm term of one year that will keep the 2016-built unit fully committed to December 2026. The Normand Maximus is the largest ship in…

  • Wallenius Wilhelmsen snaps up chartered-in car carrier

    Wallenius Wilhelmsen snaps up chartered-in car carrier Norwegian car carrier operator Wallenius Wilhelmsen has acquired another Japanese chartered-in vessel. The Oslo-listed company said it has taken the 6,500 ceu 2009 Imabari-built Morning Celine following the completion of a long-term charter. Records show the vessel had been on charter with the group’s 80%-owned subsidiary Eukor from…

  • The Greater Bay Area and shipping in the spotlight

    The Greater Bay Area and shipping in the spotlight Why working with nearby southern Chinese cities is an imperative for Hong Kong. The latest installment from our brand new magazine being distributed across Hong Kong Maritime Week. The Greater Bay Area, Beijing’s attempt to unite nine cities in Guangdong with Hong Kong and Macau into…

  • Geneva Dry Dialogues: Nova Marine Carriers

    Geneva Dry Dialogues: Nova Marine Carriers Minor bulks are the most exciting segment in dry bulk, according to Vincenzo Romeo, CEO of Nova Marine Carriers, something that is just as well as the Italian is set to take the stage next April in Geneva Dry’s minor bulks session. “There are more origins and destinations in…

  • Watch the finals of The Captain’s Table live on Splash today

    Watch the finals of The Captain’s Table live on Splash today The Captain’s Table 2024 Pitch Competition will air today on Splash live from Hong Kong . This year will see the sixth cohort of startups pitching live from 4pm Hong Kong time to a global, in person audience in Hong Kong and online. The…

  • TGS wins 3D streamer work in India for ONGC

    TGS wins 3D streamer work in India for ONGC Oslo-listed seismic data specialist TGS has won a 3D streamer contract for ONGC in the Mahanadi basin on the East Coast of India. The Ramform Sovereign is scheduled to mobilize for the survey in January 2025 and the contract, which was described as ‘significant’, has a…

  • Synergy promotes autonomous vegetable growing on ships

    Synergy promotes autonomous vegetable growing on ships Synergy Marine Group has become one of the first adopters of autonomous vegetable-growing technology onboard ships. A pioneering initiative, which also includes shipowners Eastern Pacific Shipping, Seaspan, Capital Shipping, and CoolCo, has utilised Agwa’s AI-directed cultivation devices with the aim to enhance sustainability and crew wellbeing, the Singapore-based…

  • Monte Nero adds to product tanker orderbook in China

    Monte Nero adds to product tanker orderbook in China Athens-based owner Monte Nero Maritime has been linked to an order for up to four MR2 product tanker newbuilds at Chinese repair and retrofit yard COSCO Shipping Heavy Industries (Guangdong).  Brokers in Greece have placed two firm 50,000 dwt newbuilds at $44m, with deliveries set for…

  • Keppel takes control of 13 legacy rigs amid hot offshore market conditions

    Keppel takes control of 13 legacy rigs amid hot offshore market conditions Singapore conglomerate Keppel has taken control of the 13 legacy rigs held by Rigco Holding at a time of improved conditions in the offshore rig market. Keppel currently holds a 10% equity stake in Rigco, S$139m ($103.8m) in perpetual securities and approximately S$4.3bn…

  • CDB Leasing offloads kamsarmax trio at auction

    CDB Leasing offloads kamsarmax trio at auction CDB Leasing has been tied to a triple kamsarmax bulker sale through an auction.  Multiple brokers report the Hong Kong-listed leasing unit of China Development Bank has offloaded the 2015-built CL Rizhao and the 2016-built CL Singapore and CL Tianjing for around $68.5m. VesselsValues estimates the ships between…

  • Angad Banga identifies Hong Kong’s maritime needs

    Angad Banga identifies Hong Kong’s maritime needs The local shipowner association in Hong Kong has been in regular dialogue with government to foster better maritime conditions. The latest installment from our brand new magazine being distributed across Hong Kong Maritime Week. Angad Banga is mid-way through a two-year tenure as chairman of the Hong Kong…

  • Is Trump dead set on protectionism?

    Is Trump dead set on protectionism? Andrew Craig-Bennett muses on what the imminent swearing in of the 47th president of the United States means for international merchant shipping. The Old Man said, “I mean to hang on Till her canvas busts or her sticks are all gone…” Which the darned fool did, till at last…

  • Geneva Dry Dialogues: Precious Shipping

    Geneva Dry Dialogues: Precious Shipping Making predictions in shipping is akin to chewing glass, Khalid Hashim, managing director of Thailand’s largest dry bulk owner, Precious Shipping. “Only the insane would do that,” he says, stressing: “Predictions in shipping are always wrong.” Nevertheless, when pressed to give his take on where the dry bulk markets will…

  • Asia and Europe on divergent coal paths

    Asia and Europe on divergent coal paths Global seaborne coal trades are being cleaved apart, with Asian economies taking more and more volumes while the West pulls back from the commodity.  According to data from AXS Marine, the volume of steam coal cargoes discharged at mainland Chinese ports in October reached 34.25m tonnes, up 15.8%…

  • Australia’s TCorp invests in Cyan Renewables 

    Australia’s TCorp invests in Cyan Renewables  Fast-expanding offshore wind vessels pureplay Cyan Renewables has secured backing from Australia’s TCorp. The funding arm of Australia’s most populous state, New South Wales, said it had acquired an interest in Cyan with an initial investment of over $100m, with plans for further cash injections to support the Singapore-based…

  • COSCO seals green methanol pact 

    COSCO seals green methanol pact  COSCO Shipping Group is stepping up its drive in the production of green methanol. China’s state-owned shipping behemoth has signed a memorandum of understanding with Thai conglomerate Charoen Pokphand Group (CP Group) and US trader Freepoint Commodities, described as a major milestone in accelerating the transition to sustainable fuels for…

  • Singapore court hands 17-year jail term to OK Lim 

    Singapore court hands 17-year jail term to OK Lim  Lim Oon Kuin, the founder of the defunct Singapore oil trader Hin Leong, was sentenced to 17-and-a-half years in prison for cheating top creditor HSBC and abetting forgery. The 82-year-old former oil trading and tanker tycoon, better known as OK Lim, faced three out of more…

  • Hong Kong’s role in global ship finance

    Hong Kong’s role in global ship finance The city has plenty of core strengths when it comes to providing capital to shipping. The latest installment from our brand new magazine being distributed across Hong Kong Maritime Week. Hong Kong has a long tradition of providing shipping finance and progress has recently been made to attract…

  • Getting the cream of the crop into shipping

    Getting the cream of the crop into shipping How to get tech students in Hong Kong enthused about a career in maritime. The latest instalment from our brand new Hong Kong magazine. An insufficient number of tech students are enthused enough to enter a career in maritime in Hong Kong. It is an issue that…

  • China stretches lead at the top of shipbuilding stakes

    China stretches lead at the top of shipbuilding stakes China’s grip on global shipbuilding is growing ever stronger, building a sizeable gap from second place, South Korea, with some warning the dominance the People’s Republic exerts in this construction sector could become an early target from the incoming Donald Trump administration in the US.  At…

  • Bourbon to support exploration drilling off Namibia

    Bourbon to support exploration drilling off Namibia French offshore vessel player Bourbon has been awarded a new fully integrated logistics contract by an oil and gas major to support its exploration campaign and the drilling of its first well off southern Namibia. The contract’s scope covers international shipment and customs clearance of the equipment required…

  • Call to create new UN body to focus on maritime security

    Call to create new UN body to focus on maritime security A new 77-page report from the United Nations Institute for Disarmament Research (UNIDIR) has suggested the UN needs a whole new body to address growing maritime security concerns around the world.  The report suggests the UN lacks an institutional structure to address maritime security…

  • Belships adds to ultramax orderbook

    Belships adds to ultramax orderbook Norwegian bulker owner Belships has expanded its newbuilding campaign with one more ultramax. The Oslo-listed company revealed in its quarterly earnings results the 64,000 dwt newbuild would join the fleet in 2027 and be named Belcargo. The Lars Christian Skarsgård-led outfit added the unit would be financed on a similar…

  • Sedna buys email management specialist Nordic IT

    Sedna buys email management specialist Nordic IT UK-based technology firm Sedna, whose platform helps maritime companies streamline communication, has acquired Copenhagen-headquartered email management specialist Nordic IT. Sedna said the move reinforces email’s position as the primary protocol in maritime while advancing the company’s delivery of AI-powered, connected solutions for the industry. “By bringing Nordic IT…

  • TechnipFMC, Saipem score huge deals for work on TotalEnergies Suriname field

    TechnipFMC, Saipem score huge deals for work on TotalEnergies Suriname field French energy major TotalEnergies has awarded TechnipFMC and Saipem billions in contracts for its GranMorgu project in Block 58 offshore Suriname. TechnipFMC’s contracted scope for the project includes Subsea 2.0 tree systems, manifolds, connectors, and topside control equipment. The company will also supply umbilicals,…

  • MISC and Bumi Armada weigh up offshore merger 

    MISC and Bumi Armada weigh up offshore merger  Malaysia’s top shipping line, MISC, has moved to combine its offshore business with fellow floating production storage and offloading (FPSO) vessel specialist Bumi Armada.  The two companies have entered into a non-binding memorandum of understanding to explore a prospective share-based merger, following market talk of a potential…

  • Fleet Management at 30: How the business of shipmanagement is changing in the 2020s

    Fleet Management at 30: How the business of shipmanagement is changing in the 2020s Splash has launched a special publication to celebrate the 30th anniversary of Fleet Management, the world’s second-largest shipmanager. The new magazine comes at a pivotal time for the Hong Kong manager as it prepares for a change of leadership with Kishore…

  • OEG Renewables seals five-year bareboat deal for CTV newbuild

    OEG Renewables seals five-year bareboat deal for CTV newbuild OEG Renewables, part of Aberdeen-based offshore contractor OEG Energy, has moved to further bolster its offshore wind support fleet with a crew transfer vessel newbuild from Diverse Marine. The company has struck a deal with the shipbuilder on the Isle of Wight to bareboat charter a…

  • Glomar secures multi-year vessel contract from TenneT

    Glomar secures multi-year vessel contract from TenneT Dutch offshore support vessel player Glomar has revealed a multi-year vessel framework contract with Dutch-German transmission system operator TenneT. The deal covers the provision of fully equipped emergency response and rescue vessels (ERRVs) and safety standby vessels (SSVs) in the German sector of the North Sea. “This collaboration…

  • McDermott awarded decommissioning contract offshore Australia

    McDermott awarded decommissioning contract offshore Australia Houston-based offshore contractor McDermott has secured decommissioning work for Santos offshore Western Australia. The contract worth between $50m and $250m covers engineering, procurement, removal and disposal of the Harriet Alpha platform and associated infrastructure. The Harriet Alpha platform is one of the largest facilities slated for decommissioning and will…

  • Kpler expands with Spire Maritime acquisition

    Kpler expands with Spire Maritime acquisition Maritime data provider Kpler has acquired satellite-powered, global vessel tracking data firm Spire Maritime. By integrating Spire Maritime’s technology and AIS feed, Kpler wants to expand its data reach, offering comprehensive visibility across open oceans. Kpler said that the transaction was expected to close by the first quarter of…

  • Splash launches bumper Hong Kong magazine

    Splash launches bumper Hong Kong magazine Ahead of Hong Kong Maritime Week, Splash today publishes an 80-page magazine on the Special Administrative Region. Recent weeks have seen plenty of much needed focus on reestablishing Hong Kong as a leading international maritime centre (IMC). The climb back up the ranks will not be easy, but finally…

  • Bassadone’s HTM boosts tanker newbuild tally

    Bassadone’s HTM boosts tanker newbuild tally Hercules Tanker Management (HTM) has moved to further bolster and renew its fleet with up to 10 new vessels. The John Bassadone-led outfit has returned to Jiangmen Hangtong Shipyard in China for six firm and four optional 7,700 dwt IMO II chemical tanker newbuilds after contracting four ‘ultra-spec’ sister…

  • Why nuclear propulsion will be better

    Why nuclear propulsion will be better Andrew Craig-Bennett looks at the hurdles shipping faces in order to embrace what he sees as a vital form of power in the years ahead. Let’s suppose that we were to have nuclear ships, in, say, 10 of 15 years’ time – how could they be owned, operated, managed…

  • Shipyards advance designs as CO2 shipping gains oxygen

    Shipyards advance designs as CO2 shipping gains oxygen A purple-hulled vessel, sporting a rotor sail, has been criss-crossing the Yellow Sea in recent weeks carrying out landmark sea trials.  The Northern Pioneer is the first is a series of four 7,500 cu m liquefied carbon dioxide (LCO2) carriers ordered at Dalian Shipbuilding Industry Co (DSIC)…

  • Flex LNG to seek new play for redelivering vessel as charterer opts out

    Flex LNG to seek new play for redelivering vessel as charterer opts out Flex LNG will have one of its ships open for hire late in the first quarter of 2025 after its current charterer decided not to use the option to extend the charter. The Oslo- and New York-listed company said in its quarterly…

  • DOF wins IMR vessel deal in APAC region

    DOF wins IMR vessel deal in APAC region Norwegian offshore vessel owner DOF has won a contract award for an IMR vessel and associated subsea services in the Asia-Pacific region. The contract will utilise one of DOF’s project vessels in the region and includes project management, engineering, logistics support, and all related subsea activities. The…

  • Euroseas scores extensions for feeder boxship duo

    Euroseas scores extensions for feeder boxship duo Nasdaq-listed Greek boxship owner Euroseas has won new time charter contracts for two of its feeder containerships. The company said that the two extensions were awarded to the 2001-built, 2,556 teu feeder containerships EM Corfu and Evridiki G. The EM Corfu has been fixed for a minimum period of…

  • Blue Visby trials cut emissions on Marubeni’s LPG trades by nearly 30%

    Blue Visby trials cut emissions on Marubeni’s LPG trades by nearly 30% The Blue Visby cross-industry project aimed at reducing shipping’s greenhouse gas emissions by tackling the sail fast, then wait practice has completed another series of prototype trials, delivering average savings of about 29%. The trials involved 16 LPG carriers under charter by Marubeni…

  • Diana Shipping charters out ultramax to Stone Shipping

    Diana Shipping charters out ultramax to Stone Shipping New York-listed Greek bulker owner Diana Shipping has entered into a time charter contract with Stone Shipping for one of its ultramax vessels. Stone Shipping hired the 2018-built, 60,362 dwt bulker DSI Pyxis. The gross charter rate is $13,100 per day, minus a 5% commission paid to third…

  • DP World buys Australia’s Silk Logistics

    DP World buys Australia’s Silk Logistics Dubai-based ports and logistics player DP World has reached an agreement to acquire Australian port-to-door logistics services provider Silk Logistics. The transaction, subject to shareholder approval of Silk Logistics and standard closing conditions, values the company at about A$174.5m ($115.6m) or A$2.14 per share. Silk Logistics operates 21 logistics…

  • Al Seer Marine and Damen JV targets commercial shipbuilding

    Al Seer Marine and Damen JV targets commercial shipbuilding A joint venture between Abu Dhabi’s Al Seer Marine and Damen International is expanding its operations into the commercial shipbuilding market. The ADX-listed subsidiary of the International Holding Company (IHC) and the company, which is part of the well-known Dutch shipbuilder and the Damen family, said…

  • A $1.3trn market opportunity drives into Asia

    A $1.3trn market opportunity drives into Asia Pushpank Kaushik, CEO of Jassper Shipping, writes for Splash today on electric vehicle adoption in emerging Asia. The electric mobility wave is transforming markets worldwide, but in Asia’s emerging economies, its impact extends deeply into social, environmental, and public health spheres. India, now the world’s largest market for…

  • New Scandinavian dry bulk player launched

    New Scandinavian dry bulk player launched Denmark’s Baltic Shipping and Risør Shipping of Norway have joined forces to launch a new dry bulk shipping player. Baltic Bulk has been officially introduced this week as a new dry cargo operator, freight trader and commercial manager specialising in the handysize and supramax market, but, how the company…

  • Boxship orders grow by over 50%, as deliveries set record highs

    Boxship orders grow by over 50%, as deliveries set record highs The post-pandemic boxship boom has become even more prevalent in 2024. The year could be a record-breaking one in terms of new vessels entering the market with orders massively rising when compared to the same period in 2023. According to a new report by…

  • Why China’s changing diet matters

    Why China’s changing diet matters The Chinese switch from pork and how this is influencing dry bulk trades. Eating healthier and more nutritious foods and changing your diet for the better is the advice of every doctor you probably ever met. But what happens if a country of 1.4bn people changes its diet and how…

  • Borr Drilling scores extensions for jackup trio

    Borr Drilling scores extensions for jackup trio Offshore jackup rig player Borr Drilling has secured further work for three of its units in a 24-strong fleet. The New York- and Oslo-listed company has bagged an extension for the 2013-built rig Mist from Valeura Energy offshore Thailand and is now fixed until August 2026. Additionally, the…

  • Vårgrønn seals German offshore wind entry

    Vårgrønn seals German offshore wind entry Vårgrønn, a joint venture between Eni’s Plenitude and HitecVision has acquired a 27.4% stake in the operational 288 MW Baltic 2 offshore wind farm from PGGM Infrastructure Fund. The wind farm sits in the German Baltic Sea, 32 km north of the Island of Rügen, and started operation in…

  • Winners and losers from Trump’s return

    Winners and losers from Trump’s return ‘Drill, baby, drill’ and ‘liquid gold’ were two of the phrases president-elect Donald Trump repeated during his victory rally in Florida yesterday and a common consensus is building among shipping experts that the Republican’s return to the White House will be positive for tankers, but less so for container…

  • Stainless Tankers readies double sale

    Stainless Tankers readies double sale Stainless Tankers of Norway has moved to offload two of its nine vessels. The Oslo-listed outfit backed by UK-based Tufton Investment Management is selling the 2005-built J19 stainless steel units Monax and Marmotas – the oldest in its fleet. Both ships, currently estimated by VesselsValue at about $33.7m in total,…

  • The shipping consequences of Mr Trump

    The shipping consequences of Mr Trump Splash’s lead columnist has been forced out of silence by the results in America. I have on my wrist a wristwatch made in the year of my birth -1952. It was made in two stages – the movement was made in Le Locle, in Switzerland, by the firm of…

  • Seaway 7 wins cabling work on East Anglia Two offshore wind farm

    Seaway 7 wins cabling work on East Anglia Two offshore wind farm Seaway 7, the renewables unit of Oslo-listed Subsea 7, has won a contract from ScottishPower Renewables for the transport and installation of the inter-array cables of the East Anglia Two offshore wind project. ScottishPower Renewables’ £4bn ($5.16bn) East Anglia Two offshore wind farm…

  • Noble bags UK semisub extension from Shell

    Noble bags UK semisub extension from Shell Noble Corporation has secured a two-well extension from UK supermajor Shell for the semisub Ocean Endeavor in the UK North Sea. The contract at an undisclosed dayrate will keep the unit fixed until June 2025 or approximately 130 days, and includes options for two more wells. The 1976-built…

  • Höegh Evi moves to develop French hydrogen import terminal

    Höegh Evi moves to develop French hydrogen import terminal Norway’s Höegh Evi, formerly known as Höegh LNG, has signed a memorandum of understanding with the port of Port-La Nouvelle to develop a floating hydrogen import terminal targeting up to 210,000 tonnes of volumes annually from producers in the Middle East, North Africa and the Americas…

  • MPC Capital and O.S. Energy to build next-gen OSV fleet

    MPC Capital and O.S. Energy to build next-gen OSV fleet Hamburg-based asset and investment manager MPC Capital and offshore service provider O.S. Energy have teamed up to build a fleet of next-generation offshore service vessels. These purpose-built offshore survey and service vessels (OSSV) will be used primarily in the offshore wind industry in the North…

  • Intership Navigation and Interorient Shipmanagement join forces

    Intership Navigation and Interorient Shipmanagement join forces Cyprus-based Intership Navigation and Interorient Shipmanagement have merged their shipmanagement activities into InterMaritime Shipmanagement. The newly formed company, which will include Intership’s sister company Donnelly Tanker Management, will manage a fleet of over 170 vessels including tankers of all types, LPG carriers, bulkers, containers, multipurpose ships and other…

  • PIL signs for more Hudong-Zhonghua boxships

    PIL signs for more Hudong-Zhonghua boxships Singapore’s Pacific International Lines (PIL) has returned to China’s Hudong-Zhonghua Shipbuilding for five LNG dual-fuel containerships. The company has contracted 9,000 teu vessels bringing its newbuilding campaign since 2022 to 18. In addition to being LNG-powered, the vessels will be able to switch to running on bio-methane, PIL said.…

  • Cadeler seals UK offshore wind deal

    Cadeler seals UK offshore wind deal Copenhagen-headquartered offshore wind vessels player Cadeler has inked a firm deal with ScottishPower Renewables to transport and install wind turbine generators and foundations for the East Anglia Two project off the coast of the UK. The BW Group and Scorpio-backed owner and operator said the contract is worth between…

  • MAC Shipping inks first newbuilds

    MAC Shipping inks first newbuilds Singapore’s MAC Shipping is expanding its fleet via a debut order for stainless steel chemical tanker newbuilds. The company has tapped China’s Jiangxi New Jiangzhou Shipbuilding Heavy Industry for four 25,900 dwt units costing $50m each, according to brokers, with deliveries starting in 2026. MAC Shipping was established in 2021,…

  • Baltic Exchange rolls out platform for real-time freight intelligence

    The Baltic Exchange has together with digital platform developer Zuma Labs launched a new product that delivers real-time Baltic Exchange indices and FFA (freight forward agreement) prices to shipping professionals. The new platform called Baltic Exchange View has been designed specifically to meet the needs of brokers, charterers, and shipowners for instant access to critical…