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Commodity trading giant Trafigura is opening its growing VLCC fleet to outside investors, launching a $500m private placement ahead of a planned Oslo listing of newly created Volare Shipping. Singapore-incorporated Volare will start with six VLCCs on the water and another eight newbuildings due through 2028, giving the company a 14-ship fleet once the programme …
https://splash247.com/trafigura-rolls-out-vlcc-venture-volare-shipping-with-oslo-ipo/
https://splash247.com/trafigura-rolls-out-vlcc-venture-volare-shipping-with-oslo-ipo/China’s Wison New Energies has teamed up with Malaysia’s Bumi Armada and FPSO Ventures to target floating LNG projects under an integrated lease-and-operate model. The three companies have signed a strategic cooperation agreement, combining their capabilities across FLNG design and construction, asset ownership and long-term operation. No specific project, capacity target or financial terms were …
https://splash247.com/bumi-armada-joins-wison-in-flng-lease-and-operate-push/
https://splash247.com/bumi-armada-joins-wison-in-flng-lease-and-operate-push/Italian product tanker owner Augusta Due has signed for three 40,800 dwt oil and chemical tankers in China as the Mednav Group company pushes ahead with a wider fleet renewal programme. The Rome-based owner has signed the contract with Anhui Port & Shipping Sealand Equipment, part of Tongling Port and Shipping Group. Neither pricing nor …
https://splash247.com/italian-owner-augusta-due-expands-with-chinese-tanker-trio/
https://splash247.com/italian-owner-augusta-due-expands-with-chinese-tanker-trio/Paratus Energy and Vantris Energy joint venture Seagems has moved closer to adding another pipelay support vessel to its Brazilian operation after Petrobras accepted its bid for an unidentified third-party vessel. Paratus said that Petrobras had published partial results from its latest PLSV tender, confirming acceptance of the Seagems bid. The result is still subject …
https://splash247.com/paratus-and-vantris-jv-clears-petrobras-plsv-tender-hurdle/
https://splash247.com/paratus-and-vantris-jv-clears-petrobras-plsv-tender-hurdle/Taiwanese offshore vessel owner Dong Fang Offshore (DFO) has approved another newbuild at Norway’s Vard, setting aside up to $86m for a service operations vessel aimed at the international offshore energy market. A stock exchange disclosure shows DFO’s board approved construction of one operations and maintenance support vessel with Vard Group or one of its …
https://splash247.com/dong-fang-offshore-lines-up-another-newbuild-at-vard/
https://splash247.com/dong-fang-offshore-lines-up-another-newbuild-at-vard/Anna Angelicoussis-led Pantheon Tankers is cashing in again on the booming VLCC secondhand market, with brokers reporting the sale of the 2011-built Sea Leopard for $135m. The 314,000 dwt DSME-built tanker has been committed to undisclosed buyers in what ranks among the largest VLCC secondhand deals reported last week. Pantheon has yet to announce the …
https://splash247.com/pantheon-sells-15-year-old-vlcc-above-newbuild-benchmark/
https://splash247.com/pantheon-sells-15-year-old-vlcc-above-newbuild-benchmark/Clarksons’ cross-sector ClarkSea Index continues to record new all-time highs as strong conditions spread across gas carriers, bulkers, containerships and car carriers to go alongside the extraordinary earnings seen in the crude tanker sector. The ClarkSea Index climbed another 14% on Friday to $64,569 a day, propelled by record crude tanker earnings but with Clarksons …
https://splash247.com/clarksea-index-surges-27-above-2007-peak/
https://splash247.com/clarksea-index-surges-27-above-2007-peak/The world’s two great east-west container trades are moving in dramatically different directions, with the gap between transpacific and Asia-Europe spot rates widening to unprecedented levels. Clarksons Research said in its latest Shipping Intelligence Weekly that “geographic divergence” continued in the container freight market, with Shanghai-North Europe rates falling 5% week on week to $2,425 …
https://splash247.com/transpacific-europe-rate-gap-blows-out-to-record/
https://splash247.com/transpacific-europe-rate-gap-blows-out-to-record/Yangzijiang Maritime Development has put an official stamp on a newbuilding spree Splash has been tracking for months, disclosing 24 firm ship orders across five vessel types along with options on another 16. The Singapore-listed maritime investment group said the latest firm package comprises six 64,500 dwt bulkers, six 49,800 dwt product and chemical tankers, …
https://splash247.com/yangzijiang-maritime-confirms-24-newbuilds-and-16-options/
https://splash247.com/yangzijiang-maritime-confirms-24-newbuilds-and-16-options/Olga Boenigk, the founder of AI goes Maritime, has a different take on the whole shipping and artificial intelligence debate. We’re an industry that’s proud of being careful. We take our time. We wait to see what works before we touch it, and most of the time that has served us well. I’d defend it …
https://splash247.com/is-maritime-neglecting-ai/
https://splash247.com/is-maritime-neglecting-ai/