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OCIMF announced the appointment of Don Davis as its new Managing Director. Don joins the organisation at a pivotal moment, as OCIMF enters a new phase following the recent evolution of its mission and brand to support maritime safety across…
https://www.marinelink.com/news/don-davis-appointed-new-managing-director-540512
https://www.marinelink.com/news/don-davis-appointed-new-managing-director-540512Shareholders of offshore drilling contractor Vantage Drilling have given their blessing to the proposed merger with Neil Hall-led Eldorado Drilling. During a special general meeting held last week, the shareholders approved the proposed merger under which Vantage will become a wholly owned subsidiary of Eldorado Drilling. The surviving company’s name will remain Vantage Drilling International …
https://splash247.com/vantage-drilling-merger-with-eldorado-clears-shareholder-vote/
https://splash247.com/vantage-drilling-merger-with-eldorado-clears-shareholder-vote/South Korea’s Hanwha Ocean has signed a non-binding memorandum of understanding with Kanata Clean Power & Climate Technologies to explore cooperation on the proposed Kanata FLNG project in Prince Rupert, British Columbia. The planned FLNG export project is expected to have a capacity of up to 12m tonnes per year, with Kanata estimating total capital expenditure …
https://splash247.com/hanwha-ocean-signs-up-for-15-7bn-canadian-flng-project/
https://splash247.com/hanwha-ocean-signs-up-for-15-7bn-canadian-flng-project/A Turkish-owned dry bulk vessel sailing under the Panamanian flag was struck by a drone in the Black Sea on Monday, highlighting the continuing dangers facing commercial shipping as the conflict between Russia and Ukraine intensifies once again. The Victress caught fire after being hit by what Ukrainian authorities described as an enemy unmanned aerial …
https://splash247.com/black-sea-tensions-escalate-as-bulker-hit-and-ports-burn/
https://splash247.com/black-sea-tensions-escalate-as-bulker-hit-and-ports-burn/Lila Global appears to be closing in on a striking 68% gain from the sale of the scrubber-fitted Lila Kochi. Sales talk surrounds the 2008-built, 314,000 dwt Kawasaki-built VLCC, with several broking reports linking the ship to a deal at around $79m to undisclosed interests. With rates in the Arabian Gulf running at sky-high levels, speculation …
https://splash247.com/lila-global-books-68-paper-gain-on-vlcc/
https://splash247.com/lila-global-books-68-paper-gain-on-vlcc/Three different owners have emerged as the likely customers behind a newly announced 13-vessel containership package at CSSC Huangpu Wenchong Shipbuilding. The Guangzhou-based yard and CSSC Trading recently disclosed contracts covering 13 boxships of 5,000 teu and above, comprising three 5,300 teu ships, four 6,200 teu units and six 6,400 teu vessels. Multiple shipbroking and …
https://splash247.com/trio-of-owners-emerge-behind-13-ship-huangpu-wenchong-boxship-haul/
https://splash247.com/trio-of-owners-emerge-behind-13-ship-huangpu-wenchong-boxship-haul/Australian iron ore producer Fenix Resources is expanding further down the logistics chain, forming a shipping partnership with dry bulk operator Mira Bulk in a move aimed at cutting freight costs and supporting its production ramp-up. The ASX-listed company announced the creation of the Fenix-Mira Bulk joint venture, which will give Fenix preferential access to …
https://splash247.com/fenix-resources-moves-into-shipping-with-mira-bulk-partnership/
https://splash247.com/fenix-resources-moves-into-shipping-with-mira-bulk-partnership/Fortescue and CMB.TECH have signed an agreement covering the charter of up to 12 ammonia-capable newcastlemax bulk carriers, in what the two companies describe as a major step towards scaling zero-emission shipping. Under the deal, Fortescue will take on a fleet of 210,000 dwt vessels from Bocimar, the dry bulk arm of CMB.TECH. Up to …
https://splash247.com/fortescue-lines-up-dozen-ammonia-capable-newcastlemaxes-from-cmb-tech/
https://splash247.com/fortescue-lines-up-dozen-ammonia-capable-newcastlemaxes-from-cmb-tech/Confusion over the status of the Strait of Hormuz deepened over the weekend as the United States and Iran issued contradictory statements on whether the crucial energy chokepoint is open to commercial shipping. The uncertainty is creating a growing disconnect between political declarations and operational reality, with vessel movements remaining a fraction of normal levels …
https://splash247.com/washington-and-tehran-issue-conflicting-messages-on-hormuz-transits/
https://splash247.com/washington-and-tehran-issue-conflicting-messages-on-hormuz-transits/Venezuela’s seaborne crude exports have more than doubled this year, providing a fresh source of tanker demand and increasing South America’s importance in global oil trade flows. According to Signal Ocean data, Venezuelan crude liftings have risen for six consecutive months, climbing from around 620,000 barrels per day in January to approximately 1.5m barrels per …
https://splash247.com/venezuelan-crude-exports-more-than-double/
https://splash247.com/venezuelan-crude-exports-more-than-double/