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Mediterranean Shipping Company (MSC) has moved to deepen its bet on LNG-fuelled tonnage, exercising options for eight more 11,500 teu dual-fuel containerships at China’s Penglai Jinglu Shipyard. The latest deal lifts the series to 16 sister vessels, following an initial order placed in 2024. Market sources put contract prices at around $135m to $140m per …
https://splash247.com/msc-tops-up-jinglu-orderbook-with-eight-more-11500-teu-ships/
https://splash247.com/msc-tops-up-jinglu-orderbook-with-eight-more-11500-teu-ships/Greek owner Minerva Marine has returned to China’s Hengli Shipbuilding with an order for two suezmax crude tankers, continuing its steady fleet expansion across multiple segments. The deal covers two 158,000 dwt vessels, with a total contract value in the range of $160m to $200m, putting the unit price at around $80m to $100m, according …
https://splash247.com/minerva-books-suezmax-brace-at-hengli/
https://splash247.com/minerva-books-suezmax-brace-at-hengli/Greece’s Tsakos Energy Navigation (TEN) is moving closer to a return to the LNG carrier newbuilding market, lining up its first gas ship orders in roughly seven years. Shipbuilding sources say the Tsakos Group is finalising a deal with HD Hyundai Heavy Industries for two firm 174,000 cu m LNG carriers, with options for two …
https://splash247.com/tsakos-lines-up-return-to-lng-newbuilds-in-south-korea/
https://splash247.com/tsakos-lines-up-return-to-lng-newbuilds-in-south-korea/Norwegian security services said they expect Russia to step up its spying on Norway this year, with a focus on the Arctic, and Moscow may commit acts of sabotage aimed at undermining Oslo's support for Ukraine.Norway, an ally of Ukraine and Europe's top supplier of pipeline gas…
https://www.marinelink.com/news/norway-expects-russian-spying-arctic-535461
https://www.marinelink.com/news/norway-expects-russian-spying-arctic-535461A new research project at the National University of Singapore (NUS) aims to accelerate the decarbonization of the global shipping industry through the development of next-generation ammonia-fueled marine engines with high efficiency and near…
https://www.marinelink.com/news/singapore-university-leads-new-ammonia-535465
https://www.marinelink.com/news/singapore-university-leads-new-ammonia-535465Mitsui E&S and Taiyo Electric have developed an Overhang Permanent Magnet Shaft Generating System for large marine engines.Unlike Taiyo Electric’s conventional shaft generators installed on intermediate shafts, this new system is mounted on the fore end of the main engine.
https://www.marinelink.com/news/mitsui-develops-overhang-permanent-magnet-535468
https://www.marinelink.com/news/mitsui-develops-overhang-permanent-magnet-535468PaxOcean, a part of Kuok Maritime Group (KMG), has opened a new S$200 million shipyard at 5 Jalan Samulun (5JS).The shipyard, situated in the Jurong Industrial Estate, spans 17.26 hectares and features two large graving docks, one floating dock…
https://www.marinelink.com/news/new-paxocean-shipyard-opened-singapore-535470
https://www.marinelink.com/news/new-paxocean-shipyard-opened-singapore-535470Capesize The market endured a broadly softer week, with sentiment cooling across both the Pacific and Atlantic as the BCI 182 5TC slid from the low $31,000s to finish closer to $26,468. Early optimism in the Pacific, driven by miner presence and steady West Australia volumes, ultimately failed to prevent rates from retreating. C5 corrected ...
https://www.hellenicshippingnews.com/dry-bulk-market-a-softer-week-all-around/
https://www.hellenicshippingnews.com/dry-bulk-market-a-softer-week-all-around/German energy utility giant EnBW and US technology giant Google have entered into a long-term power purchase agreement for the supply of 100MW of clean electricity from the He Dreiht offshore wind farm over a period of 15 years. Google aims to operate its global operations on carbon-free energy by 2030, meaning that every hour …
https://splash247.com/google-secures-clean-power-from-enbws-offshore-wind-farm/
https://splash247.com/google-secures-clean-power-from-enbws-offshore-wind-farm/Dr Raymon Krishnan, president of Singapore’s Logistics & Supply Chain Management Society, ponders the risks of index-based freight contracts. For many beneficial cargo owners (BCOs), index-based freight contracts are increasingly positioned as the modern, data-driven answer to volatile shipping markets. On paper, they promise transparency, fairness, and alignment with prevailing market conditions. In practice, however, …
https://splash247.com/are-index-based-shipping-contracts-a-trap-for-bcos/
https://splash247.com/are-index-based-shipping-contracts-a-trap-for-bcos/