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Splash 247 10/26/2020 23:16
An offshore workbarge sunk at the Baram field in Malaysian waters this morning sparking a huge rescue operation. The Malaysian Maritime Enforcement Agency has confirmed that offshore vessel Sapura Constructor reported that it had received an emergency signal from the sinking , located around 7.7 nautical miles from Kuala Baram, Miri. The Sapura Constructor sailed …
Splash 247 10/26/2020 21:33
The US Treasury Department has imposed sanctions against the Iranian oil sector including the oil ministry, oil minister, state-owned oil and shipping company in its latest round of sanctions against the country. The Office of Foreign Assets Control (OFAC) of the US Treasury Department has blacklisted the Iranian Ministry of Petroleum, the National Iranian Oil Company …
Splash 247 10/26/2020 21:21
Singapore offshore vessel operator Kim Heng Offshore has entered into an agreement to establish a long-term business cooperation to seek more horizontal directional drilling (HDD) projects in the offshore wind sector. Under the agreement, Kim Heng will provide offshore vessels, tugboats and barges for the transportation, delivery and installation of marine construction projects, including ongoing …
Splash 247 10/26/2020 19:03
Norwegian drilling contractor Awilco Drilling has announced that it has decided to initiate a wide range of cost cutting measures. Awilco says the measures come in light of the termination of newbuild semi-submersible Nordic Winter, which it terminated with Keppel FELS in June, and the significant delay in the construction and anticipated start-up of operations …
Splash 247 10/26/2020 01:21
Sales in the capesize sector are still dominating the bulker S&P scene with VesselsValue noting an impressive 12 capes and newcastlemaxes changing hands in the last three weeks. Over the weekend a couple of newcastlemaxes were noted sold by Japanese owners. NS United invited offers for the 230,00 dwt, 2007-built NSS Honesty. This ship is …
Splash 247 10/25/2020 23:27
Singapore’s Energy Market Authority (EMA) and Keppel Offshore & Marine (Keppel O&M) have been jointly awarded a research grant to pilot Singapore’s first floating energy storage system (ESS). The collaboration is part of an earlier announced $10m partnership between the two entities to develop innovative energy solutions in the marine sector. The project was awarded to a …
Splash 247 10/25/2020 23:00
The Regional Cooperation Agreement on Combating Piracy and Armed Robbery against Ships in Asia (ReCAAP) has reported three incidents of armed robbery against ships in the Singapore Strait. The incidents occurred within intervals of two hours and in close proximity to each other. The attacked ships are 2009-built panamax bulker Seajourney, 1996-built handy bulker A …
Splash 247 10/25/2020 22:52
UK special forces arrested seven stowaways onboard 2011-built 75,000 dwt LR tanker near the Isle of Wight for suspected hijacking activities. According to UK’s defence ministry, the special forces boarded the vessel after receiving a distress signal from the vessel, after an incident which saw all 22 crew members escape to the ship’s citadel. The seven stowaways are …
Splash 247 10/25/2020 22:04
Singapore-based owner Eastern Pacific Shipping (EPS) has won a bid to purchase, build, and operate four 98,000 cubic meter VLECs for China-based Zhejiang Satellite Petrochemical. The vessels will be built at South Korea’s Hyundai Heavy Industries and Samsung Heavy Industries, and will be chartered to Zhejiang Satellite Petrochemical for 15 years upon delivery in the first half …
Splash 247 10/25/2020 19:03
United Arab Emirates-based Marshal Shipping has been named by brokers as the buyer of ADS Crude Carriers’ last VLCC, the 2002-built VLCC . Oslo-listed ADS announced the sale of the vessel last week for $25.5m, the same price as it sold another 2002-built VLCC, ADS Serenade, to Marshal Shipping earlier this month. The Japanese-built vessel …
Splash 247 10/25/2020 16:30
Falcon Maritime Group has joined V.Group’s Dania Ship Management in a new partnership agreement with Dania Ship Management Bulk. Dania Ship Management Bulk was formed in 2017 by Dania and Clipper Group, and the addition of Falcon will add two handysize bulkers to the Copenhagen-based outfit. Mikkjal Poulsen, managing director of Dania Ship Management Bulk, …
Splash 247 10/25/2020 16:00
The Libra Group has appointed Nicholas Georgiou as the new chief executive officer of its ship owning and management business Lomar. Georgiou step up from the position of chief operating officer, succeeding Achim Boehme who died from cancer in July at the age of 56. George Logothetis, chairman and CEO of the Libra Group, commented: …
Splash 247 10/24/2020 02:02
The International Maritime Organization (IMO) agreed on Friday after a week-long online meeting to make an existing target legally binding: to reduce the carbon intensity of shipping by 40% compared with 2008 levels in the next 10 years. Member states were very divided with a sizeable minority fighting hard for more stringent targets. The impact …

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