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Splash 247 06/04/2020 02:46
What would likely be the biggest bulker sold since Covid-19 dramatically slowed down sales and purchase activity is seeking attention. Brokers tell Splash that the Japanese-controlled 15-year-old newcastlemax, , is being circulated for sale. Owners representatives are asked to come and inspect the 300 m long and 50 m wide bulker at three different discharging […]
Splash 247 06/04/2020 02:34
The current officer shortfall to crew the global merchant fleet is forecast to widen, despite the dampening effect of Covid-19. This is due to the reduced attractiveness of a career at sea and rising man-berth ratios which will inflate future manning costs, according to the latest Manning Annual Review and Forecast report published by UK […]
Splash 247 06/04/2020 02:32
Former Belships supremo Ulrich Müller, 64, has swiftly been appointed as the new CEO of Westfal-Larsen, replacing Anders Nome Lepsøe who quit last week. Müller is a well known name in Norwegian shipping circles having worked at Grieg Group, Spar Shipping and Viken Marine during his 42-year career in shipping. Müller is expected to start […]
Splash 247 06/04/2020 01:53
The European Commission, the antitrust regulator of European Union, has resumed screening of the merger between major South Korean shipbuilders Hyundai Heavy Industries (HHI) and Daewoo Shipbuilding & Marine Engineering (DSME). The investigation was suspended in April due to the complexities and disruptions caused by the coronavirus. The European Commission warned in December last year […]
Splash 247 06/04/2020 01:52
The dry bulk vessel sale and purchase market has seen another week of subdued activities. Investors still lack confidence despite discounts on offer and some signs that the market is picking up – cape rates rallying by nearly 25% yesterday. According to Allied Shipbroking’s Indicative Dry Bulk Values, discounts are offered in almost all size […]
Splash 247 06/04/2020 01:00
Cosco Dalian Shipyard has resold a newbuild 28,000 cu m LNG carrier to Singapore-based CNTIC VPower LNG Logistics, a joint venture between China National Technical Import and Export Corporation and Hong Kong’s VPower Group. The LNG carrier was originally ordered by Dalian Inteh Group, and Cosco Dalian terminated the shipbuilding contract last year as the […]
Splash 247 06/03/2020 22:36
Malaysian offshore service provider Sapura Energy has secured five new contracts worth RM766m ($180m) in total. Sapura Offshore, a subsidiary of Sapura Energy, was awarded two pipeline replacement projects by Shell, one in Brunei and the other in Singapore. The company has also secured a contract from Hess for transportation and installation of offshore facilities […]
Splash 247 06/03/2020 22:08
Greek dry bulk owner Diana Shipping has sealed a time charter contract with Koch Shipping in Singapore for 2014-built capesize . The charter commenced over the weekend, and runs through to between October 1, 2021 and December 31, 2021, at a gross charter rate of $13,200 per day. The rate is significantly lower than the […]
Splash 247 06/03/2020 21:01
Subsea 7 has been awarded a contract by SSE Renewables for the engineering, procurement, construction and installation of the foundations and inter array cables at the Seagreen Offshore Wind Farm project, offshore Scotland. Renewables subsidiary Seaway 7 will manage the engineering, procurement, construction and installation of 114 wind turbine generator foundations and associated inter array […]
Splash 247 06/03/2020 20:32
The future of training is the focus for the latest episode of the Maritime CEO Tech Leader Series sponsored by Dualog. Featuring the head of Ocean Technologies Group, Manish Singh, and OSM boss, Bjoern Sprotte, the discussion centres around how training has changed in the last few months and what will be the likely long […]
Splash 247 06/03/2020 03:53
Bob Burke-led Ridgebury Tankers has exited the VLCC trades with multiple broking houses reporting the sale of the company’s last two vintage supertankers. Ridgebury has sold two 2000-built VLCCs – Ridgebury Progress and Ridgebury Purpose -for $24m each. VesselsValue values each vessel at $25m. The tankers are believed to have been acquired by a Chinese […]
Splash 247 06/03/2020 03:27
A staggering one third of HMM’s fleet is currently inactive as the number of out of work boxships around the world hits records levels. The inactive global containership fleet has reached an all-time high of 2.72m teu at the end of May, equivalent to 11.6% of the overall fleet capacity, according to the latest data […]
Splash 247 06/03/2020 02:47
John Fredriksen’s Seadrill has implemented a large cost-cutting exercise as it faces up to the prospect of another prolonged downturn in the rig market. The aim is to save $130m in the next 18 months. Some 1,400 staff will be made redundant taking the total workforce to 3,100 while management has agreed to take salary […]
Splash 247 06/03/2020 02:19
Energy and commodity trader Vitol has entered into a long-term strategic relationship with Prostar Capital-backed GTI Statia (GTIS) storage terminal to operate bunkering services at the terminal. GTIS is one of the largest independent crude and refined product storage terminals serving the US Gulf Coast and Caribbean markets. Under the agreement, GTIS will continue to […]

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