Splash columnist Pierre Aury runs the rather depressing numbers behind top listed dry bulk concerns. There are plenty of reasons for a private company to list. From the company’s point of view raising capital is the main one. Being able to attract and/or retain staff with packages which include shares and/or stock options is another …
https://splash247.com/why-dry-bulk-shipping-does-not-belong-to-the-public-markets/
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Ukraine is gearing up to renegotiate the terms of the Black Sea Grain Initiative, a deal with warring foe Russia created in July last year which allows Kyiv to export grain from three Black Sea ports. Due for renewal every three months, the current deal runs out on March 18. Ukrainian officials have made it …
https://splash247.com/ukraine-seeks-changes-to-the-black-sea-grain-initiative/
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UK shipbroker Simpson Spence Young (SSY) has marked its entry into the offshore sector with the acquisition of Westshore Shipbrokers in Norway. Under the deal, Westshore will become part of SSY in Norway as part of the London-based brokers’ wider strategy targeted at the global offshore market. Financial terms have not been disclosed. Established in …
https://splash247.com/ssy-scales-up-offshore-ambitions-with-westshore-swoop/
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Turkey’s Yilport Holding has taken over the operations at the Port of Šibenik in Croatia as part of Yildirim Group’s acquisition of Petrokemija, the country’s largest fertilizer plant. The port operator said it intends to turn Šibenik, which used to operate as the main fertilizer handling port in the country, into a multi-purpose terminal, offering …
https://splash247.com/yilport-earmarks-53m-for-croation-port-upgrade/
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Italian energy services contractor Saipem has teamed up with compatriot energy firm and shareholder Eni with the aim of reducing the carbon footprint of its fleet. Under a memorandum of understanding with Eni Sustainable Mobility, Saipem will look to employ biofuels on its drilling and construction vessels, with particular attention to operations in the Mediterranean …
https://splash247.com/saipem-looks-at-biofuels-for-its-vessels/
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One of the most discussed, debated questions in shipping these days is the size of the so-called dark or shadow fleet, the vast array of tankers that are travelling the world’s oceans under the radar, trying to avoid sanctions. To existing sanctioned countries such as Venezuela, Iran, and North Korea, a very substantial name has …
https://splash247.com/splash-investigation-pinpoints-the-true-scale-of-the-shadow-tanker-fleet/
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An incident involving a crane toppling off a barge in Virginia could have been avoided if a spotter was present to notice the crane being driven too far aft, and the cable system securing the crane to the barge failed, according to a recent…
https://www.marinelink.com/news/lack-spotter-led-crane-toppling-off-barge-503114
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BAE Systems Autonomous Pacific 24 (AP24) Rigid Inflatable Boat (RIB) has been awarded Lloyd’s Register Unmanned Marine Systems (UMS) Certification. It is the first uncrewed naval vessel to achieve this certification, which verifies stringent safety and operational performance standards.
https://www.marinelink.com/news/bae-autonomous-rib-awarded-lr-unmanned-503116
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Amogy Inc., developer of emissions-free ammonia power solutions, announced it has signed a letter of intent and a lease with Sustainable Energy Catapult Center to initiate testing operations for its 200kW ammonia-to-power platform at its recently…
https://www.marinelink.com/news/amogy-test-maritime-ammoniatopower-503117
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Classification society ABS announced it has issued New Technology Qualification (NTQ) for non-flammable battery technology for use at sea.Called Blue G, the vanadium redox flow battery system from Gennal Engineering PTE LTD is now planned to…
https://www.marinelink.com/news/abs-verifies-nonflammable-blue-g-battery-503118
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