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Splash 247 10/29/2020 05:20
Norwegian OSV operator Eidesvik Offshore has secured a contract with DEME Offshore for the deployment of the offshore construction vessel . The contract is schedule to commence in November and is for a fixed period of 84 days with options for extensions. “We are very pleased to see that Viking Neptun continues to be attractive …
Splash 247 10/29/2020 04:51
Shippers getting owners to order gas-fuelled ships are increasing in number. Miner Anglo American revealed today it has tapped Taiwan’s U-Ming for four 190,000 dwt LNG-fuelled capes, which it will take on long term charter when they deliver from Shanghai Waigaoqiao Shipbuilding in 2023. Peter Whitcutt, CEO of Anglo American’s marketing business, said: “Anglo American …
Splash 247 10/29/2020 03:07
Bulk carrier S&P activity remained bullish for yet another week among all size segments with further discounts offered for 5-10 year old capesize bulkers. After a disapointing month where capes have been on a steady decline rates-wise from $30,000 to $18,000 a day, there’s signs this week that the market has bottomed out. More than …
Splash 247 10/29/2020 03:07
Cosco Shipping Bulk has listed its 2004-built panamax bulker for auction sale on Guangzhou Shipping Exchange. The online auction will start on November 25 and the starting price for the 74,000 dwt bulker is $6m. VesselsValue’s valuation on the vessel is $6.18m. Cosco is the largest bulk shipping company in the world, operating more than …
Splash 247 10/29/2020 03:02
With the maritime industry continually improving anti-narcotics operations around the world, traffickers are finding increasingly novel and ingenious ways of smuggling drugs. Ian Short and Sam Jones from law firm Campbell Johnston Clark explore the indirect legal and commercial consequences to shipowners and charterers arising out of delays and losses caused. A ship’s sea chest …
Splash 247 10/29/2020 01:39
Hunter Group has confirmed earlier broker reports that it has sold two VLCCs – the Hunter Saga and Hunter Laga for an en bloc price of $168.4m. Splash reported earlier that UAE-based Adnoc Logistics and Services, the shipping unit of Abu Dhabi National Oil Company, had acquired the two ships, marking its entry into the …
Splash 247 10/29/2020 00:02
Taiwanese bulker owner Franbo Lines has announced that the company has entered into a memorandum of agreement to acquire a 51,500 dwt bulk carrier from an unnamed shipowner in West Africa. The price of the ship is between $5m-6m and delivered is scheduled by November 20. Franbo Lines believes the expansion of its fleet will …
Splash 247 10/28/2020 22:32
Commodity trader Cargill and BAR Technologies have embarked on a strategic project with naval architect Deltamarine to promote wind prosultion technology to commercial shipping. The project will see BAR Technologies’ large wing sails WindWings fitted to the deck of bulk carriers, which could reduce CO2 emission by as much as 30%. BAR Technologies is a spin-off …
Splash 247 10/28/2020 18:25
Russian owner Sovcomflot (SCF) has signed 30-year time charter agreements for three icebreaking LNG carriers with Arctic LNG 2, the operator of the Arctic LNG 2 project. The vessels have been ordered at South Korea’s DSME, and are scheduled for delivery in 2023. Igor Tonkovidov, president & CEO of SCF, commented: “Strengthening SCF’s position in …
Splash 247 10/28/2020 18:04
Norway’s GC Rieber Shipping has been awarded a new short-term contract for 2011-built multipurpose subsea vessel . The contract will commence mod-November and is with a client in Europe for work at an offshore wind park, where it will be used for its walk-to-work capabilities. “The charter continues Polar Queen‘s strong utilization in the walk-to-work …
Splash 247 10/28/2020 17:57
Norwegian offshore driller Borr Drilling has sealed a deal to sell its 2003-built jackup rig to an independent operator. The sale of the rig, which is currently cold stacked, is expected to be completed within the fourth quarter. Borr Drilling said the sale, along with the previously announced sale of its Eir jackup rig, will …
Splash 247 10/28/2020 04:10
The Captain’s Table, one of shipping’s pre-eminent pitch competitions, has announced the top five startups who will compete in the live pitch challenge on November 26 for a sizeable cash prize. The finals will be screened live on Splash. This year’s finalists are cybersecurity firm Cyberowl, mooring system specialist Digimoor, crew travel outlet Greywing, cargo tracker …

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