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Splash 247 09/30/2020 22:20
Subsea 7 business unit Seaway 7 is adding a second cable lay vessel to its renewables fleet to grow its position in the submarine cables installation market. Seaway 7 will convert the 2003-built to become a dedicated inner array grid and export cable installation and trenching support vessel. The vessel, originally constructed as a submarine …
Splash 247 09/30/2020 21:14
Ship management and services giant V.Group has appointed René Kofod-Olsen as the company’s new chief executive officer, replacing Graham Westgarth who is assuming the role of chairman. Kofod-Olsen served as CEO of Dubai-based Topaz Energy & Marine from 2012 through to 2019, leaving after the company was sold to DP World. His career also includes …
Splash 247 09/30/2020 20:56
Mikal Bøe, CEO of CORE-POWER, writes today on how lifecycle economics stack up. As the second oldest profession in the world, shipping is also the most fiercely competitive and capitalistic of all markets. Technologies that are either uneconomical or lead to losses don’t survive long in our markets. Cheap fuel from the bottom of the …
Splash 247 09/30/2020 20:22
Wärtsilä Corporation has appointed Håkan Agnevall as its new president and CEO to replace Jaakko Eskola who is retiring. Agnevall will take up the role by April 2021, and is moving from Volvo Bus Corporation where he has been president since 2013. “Håkan Agnevall, a highly appreciated leader, has a proven record of developing organisations …
Splash 247 09/30/2020 04:25
Average weekly capacity on the transpacific has reached another record level of 530,000 teu according to data from Alphaliner this week as Chinese exports peak before the Golden Week Holiday, starting tomorrow. Both Cosco and Wan Hai have added extra services on the booming tradelane, where rates to the west coast have been hitting record …
Splash 247 09/30/2020 04:14
Citing its struggling yards division as a non-core asset, Singapore’s Keppel Corporation has suggested it could sell off its shipping facilities following a senior management meeting this week. The conglomerate, one of the largest in the Southeast Asian republic involved in real estate, infrastructure and asset management, will carry out a strategic review of its …
Splash 247 09/30/2020 03:18
Greek owners are back in South Korea with tanker orders. Hyundai Heavy Industries has won orders for four 300,000 dwt VLCCs from two owners worth a total of $360m. Splash can reveal the owners are Kyklades Maritime and Central Mare. All the ships will be fitted with scrubbers and are set for delivery in the …
Splash 247 09/29/2020 23:58
Taiwanese shipping line Yang Ming Marine Transport has appointed Cheng Cheng-mount as the new chairman, replacing Bronson Hsieh who has retired. Hsieh is a shipping veteran in Taiwan, having served Evergreen Group as vice chairman before joining Yang Ming as chairman in 2016. New chairman Cheng comes from a financial background, having served as chief …
Splash 247 09/29/2020 22:10
Perception - or the lack of it - plays heavy in shipping. I have always extolled the virtues for all in maritime - whether in sales, legal, accounting, R&D, senior management or whatever - to spend a few days on a voyage. Once you’ve experienced daily life at sea for more than a quick ship …
Splash 247 09/29/2020 22:09
The European Parliament voted on September 15 in favour of including greenhouse gas emissions from shipping in the European Union’s carbon market from 2022, potentially one of the biggest rule changes to hit the industry for years. The International Maritime Organization will try and counter with its own global green solutions when its Marine Environment …
Splash 247 09/29/2020 22:07
While short-sighted money managers and speculative traders on the high street are busy talking up the oil and tanker markets on the basis of the latest fake news, owners and operators on main street are scrambling to fix a six- to 12-month time charter deal to obtain a daily hire which will just about cover ...
Splash 247 09/29/2020 22:05
For this edition’s Analyst Abstract, we’ll be focusing on the three main sectors as normal, but just one dataset affecting each segment - as the orderbook to fleet ratio reaches amazing lows for containers, dry bulk and tankers. The global orderbook for all sectors as a percentage of the fleet ratio is now at its …
Splash 247 09/29/2020 22:03
Mikal Bøe has a storied career in shipping as his LinkedIn bio attests; chief risk officer to well-known shipowners in the past decade, developing what he claims was the first internet venture for the shipping industry back in the 1990s and establishing Cleartrade Exchange in Singapore 10 years ago.
Splash 247 09/29/2020 22:02
Robert Fairchild is back. The peripatetic shipping financial wizard - the brainchild of author Matt McCleery - returns for the final instalment of the Shipping Man trilogy, the best fiction series ever printed on the high flying, glamorous lives of the top of the shipowning jet set. Exit Strategy marks the culmination of an adventure …

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