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Subsea 7 has selected Worley Rosenberg to construct key subsea structures and spools supporting Phase II of the Northern Lights carbon transport and storage development, Norway’s flagship CCS project. The contract covers fabricating subsea spools and structures for Northern Lights Phase II. It follows Worley Rosenberg’s delivery of comparable subsea structures and spools for Phase …
https://splash247.com/northern-lights-expansion-brings-fresh-work-for-worley-rosenberg/
https://splash247.com/northern-lights-expansion-brings-fresh-work-for-worley-rosenberg/Transocean has lined up an expanded $750m revolving credit facility as it prepares to close its $5.8bn takeover of rival offshore driller Valaris. Its wholly owned subsidiary, Transocean International, has entered into an amended and restated credit agreement with Citibank and a group of lenders, with the new facility taking effect once the Valaris acquisition …
https://splash247.com/transocean-boosts-liquidity-ahead-of-5-8bn-valaris-takeover/
https://splash247.com/transocean-boosts-liquidity-ahead-of-5-8bn-valaris-takeover/Germany has opened its first criminal trial over the 2022 sabotage of the Nord Stream gas pipelines, with a former Ukrainian military officer accused of leading the team that carried out the explosions in the Baltic Sea. German prosecutors accuse 50-year-old Serhii Kuznietsov of involvement in a war crime through an attack on civilian infrastructure, …
https://splash247.com/former-ukrainian-officer-goes-on-trial-over-nord-stream-sabotage/
https://splash247.com/former-ukrainian-officer-goes-on-trial-over-nord-stream-sabotage/The technology is already widely available. The advantage will come from how shipping companies turn it into specialised systems, define its place in the team and manage adoption, says Michalis Gkontas, co-founder and CEO of AskChief. Today’s AI systems can already perform useful knowledge work. They can search and interpret large volumes of information, compare …
https://splash247.com/shippings-ai-winners-will-build-capability-not-buy-technology/
https://splash247.com/shippings-ai-winners-will-build-capability-not-buy-technology/Greek tanker owner Chemnav Shipmanagement has expanded its suezmax newbuilding programme with two more vessels in China, taking its orderbook in the segment to four ships. The Paul Coronis-backed company has been linked by shipbroking sources to a contract for two 158,000 dwt crude carriers at Penglai Zhongbai Jinglu Ship Industry, with deliveries expected in …
https://splash247.com/chemnav-steps-up-suezmax-bet-with-jinglu-pair/
https://splash247.com/chemnav-steps-up-suezmax-bet-with-jinglu-pair/Greek tanker owner Liquimar Tankers has been linked to an order for three suezmax newbuildings in China, adding fresh crude carrier capacity after cashing in on the strong secondhand tanker market. The Dimitris Papadimitriou-controlled company has contracted three 157,000 dwt vessels at Jiangsu New Hantong Ship Heavy Industry, according to shipbuilding sources. The conventionally fuelled …
https://splash247.com/liquimar-lines-up-suezmax-trio-at-new-hantong/
https://splash247.com/liquimar-lines-up-suezmax-trio-at-new-hantong/South Korea’s HMM is pressing ahead with its fleet expansion programme, approving a $1.62bn investment in 12 containerships comprising eight 13,000 teu newbuildings and four smaller vessels. The Seoul-listed carrier’s board approved spending KRW2.168trn ($1.617bn) yesterday, according to a stock exchange filing. The investment includes fresh orders for eight 13,000 teu ships, alongside the acquisition …
https://splash247.com/hmm-commits-1-6bn-to-12-more-containerships/
https://splash247.com/hmm-commits-1-6bn-to-12-more-containerships/Ongoing attacks in Hormuz and the Black Sea dominated Splash coverage once again this week – both maritime theatres of war expanding worryingly. Another dangerous missile for tanker owners came from a conference in Saudi Arabia, where the US energy secretary was reported to have suggested the Trump administration was mulling easing sanctions on some …
https://splash247.com/splash-wrap-a-missile-from-riyadh/
https://splash247.com/splash-wrap-a-missile-from-riyadh/West Africa is fast becoming dry bulk shipping’s biggest growth engine, with its mineral export boom poised to absorb the equivalent of another 120 capesizes by 2030. UK consultancy Tradeviews forecasts in a new report that shipments from the region will surge 50% from 2025 levels to 303m tonnes by the end of the decade, …
https://splash247.com/west-africas-ore-boom-meets-chinas-growing-vloc-armada/
https://splash247.com/west-africas-ore-boom-meets-chinas-growing-vloc-armada/New York-listed tanker owner International Seaways has struck a deal to take over Tor Olav Trøim-backed Bruton in a transaction valuing the Oslo-listed VLCC company at around $370m. The agreement, announced on Friday, will see the Lois Zabrocky-led group acquire Bruton’s entire four-ship supertanker portfolio, going considerably further than the sale of two newbuildings first …
https://splash247.com/international-seaways-seals-370m-bruton-takeover-deal/
https://splash247.com/international-seaways-seals-370m-bruton-takeover-deal/