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Offshore contracting giant TechnipFMC has been awarded an integrated engineering, procurement, construction, and installation (iEPCI) contract by Petronas Carigali for the Limbayong deepwater project offshore Malaysia. The contract for work on the greenfield development was won by TechnipFMC’s subsidiary, FMC Wellhead Equipment. The company will use its Subsea 2.0 configure-to-order platform and iEPCI to execute …
https://splash247.com/technipfmc-scores-petronas-subsea-contract/
https://splash247.com/technipfmc-scores-petronas-subsea-contract/The Oslo- and New York-listed offshore driller Borr Drilling has won a new contract and an extension for two of its rigs. The 2013-built jackup Idun won a contract with an undisclosed operator in Vietnam. The three-well campaign, with an estimated duration of 130 days, is scheduled to commence in the fourth quarter of 2026, …
https://splash247.com/borr-lines-up-fresh-work-for-jackup-duo/
https://splash247.com/borr-lines-up-fresh-work-for-jackup-duo/Swiss-based offshore drilling giant Transocean has won drillship work in Equatorial Guinea with an undisclosed operator. Transocean said it was awarded a two-well contract for its 2016-built drillship Deepwater Conqueror. The estimated 170-day campaign is expected to commence in 2027 in direct continuation of the rig’s current $530,000 per day contract in the US Gulf …
https://splash247.com/transocean-lands-drillship-work-in-equatorial-guinea/
https://splash247.com/transocean-lands-drillship-work-in-equatorial-guinea/Shipping’s resistance to digital change is often blamed on age, regulation and risk aversion. It’s more nuanced than that as this latest from our new SplashTech magazine explains. The most revealing answer to a technology question is sometimes not about technology at all. Asked which legacy mindset maritime must abandon to unlock innovation, SplashTech contributors …
https://splash247.com/maritimes-next-digital-leap-is-organisational/
https://splash247.com/maritimes-next-digital-leap-is-organisational/China has opened the 134.2 km Pinglu Canal, creating a new river-to-sea artery from the country’s southwest directly to the Beibu Gulf and potentially redrawing inland freight flows towards Southeast Asia. Built at a cost of around RMB72.7bn ($10.2bn), the canal runs from Pingtangjiangkou near Nanning, south through Qinzhou and into the Beibu Gulf. It …
https://splash247.com/china-opens-pinglu-canal-carving-a-new-southwest-route-to-the-sea/
https://splash247.com/china-opens-pinglu-canal-carving-a-new-southwest-route-to-the-sea/Maersk has overtaken COSCO to become the largest operator in the fiercely competitive intra-Asia container market, the world’s largest container trade, according to the latest fleet survey from Alphaliner. The Danish carrier had more than 340,000 teu deployed across intra-Asian services in mid-August, having added around 34,000 teu year-on-year, the largest nominal increase of any …
https://splash247.com/maersk-overtakes-cosco-to-become-largest-intra-asia-carrier/
https://splash247.com/maersk-overtakes-cosco-to-become-largest-intra-asia-carrier/KeelX, the focus of this week’s Maritime CEO, grew out of shipowner Lemissoler’s attempt to solve its own operational frustrations: plenty of vessel data and software, but still too much manual work between identifying a problem and doing something about it. The answer was not another dashboard. It was a platform bringing vessel performance, operations …
https://splash247.com/keelx-make-saying-yes-to-maritime-technology-less-risky/
https://splash247.com/keelx-make-saying-yes-to-maritime-technology-less-risky/The capesize market is enjoying one of its strongest runs in years, but a growing number of shipping analysts are starting to question the health of the commodity complex underpinning it. The concern centres on China and its steel industry. Capesize earnings remain close to $50,000 a day, with iron ore volumes – dry bulk’s …
https://splash247.com/hot-capesize-market-masks-cracks-in-chinese-steel-demand/
https://splash247.com/hot-capesize-market-masks-cracks-in-chinese-steel-demand/Hafnia has doubled down on its investment in Torm, agreeing to spend $145.1m on another 4.5m shares in the Danish product tanker giant and lifting its holding to 18.22%. The BW Group-backed owner is paying $32.25 per Torm A share, the same price at which Oaktree-linked OCM Njord Holdings priced its 9m-share secondary offering this …
https://splash247.com/hafnia-cements-position-as-torms-top-shareholder/
https://splash247.com/hafnia-cements-position-as-torms-top-shareholder/Finnish marine propulsion specialist Steerprop has been selected to supply the complete main propulsion package for a new icebreaker being built for the Swedish Maritime Administration (SMA) by HD Hyundai Heavy Industries in Ulsan, South Korea.The…
https://www.marinelink.com/news/swedish-maritime-administration-selects-542974
https://www.marinelink.com/news/swedish-maritime-administration-selects-542974