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Panamanian company Western Energy Inc Transport has moved to expand its fleet of mid-sized gas carriers with a newbuild order in South Korea. Shipbuilding sources report a deal has been sealed at HD Hyundai Mipo for a 39,200 cu m unit delivering in the third quarter of 2027. Western Energy is currently listed with one …
https://splash247.com/western-energy-inks-lpg-newbuild-at-hd-hyundai-mipo/
https://splash247.com/western-energy-inks-lpg-newbuild-at-hd-hyundai-mipo/Greece’s Sea World Management and Trading has been linked to MR product tanker orders in South Korea. Brokers report the Laliotis Group tanker outfit has signed up for a pair of 50,000 dwt newbuilds at K Shipbuilding. Deliveries are due in 2027, with prices reported between $50m and $51m per ship. Nicholas Notias-led Piraeus and …
https://splash247.com/sea-world-tied-to-product-tanker-newbuilds-in-south-korea/
https://splash247.com/sea-world-tied-to-product-tanker-newbuilds-in-south-korea/Three silos at a grain terminal in the Russian port of Novorossiisk were damaged by Ukrainian drones on Saturday with the city’s mayor declaring a state of emergency. The Black Sea terminal is now operated by Delo Group, having formerly been part of Cargill’s network. It has a capacity to move 10m tonnes of cargo a …
https://splash247.com/novorossiisk-port-hit-by-drones/
https://splash247.com/novorossiisk-port-hit-by-drones/BP is reportedly selling six MR tankers for $200m. The 57,000 dwt vessels are the British Chief (2017), and the 2016-built sisters British Engineer, British Officer, British Cadet, and British Sailor. Over the weekend, brokers reported that the ships had received a string of offers over the last fortnight, and while the ownership has been transferred, …
https://splash247.com/bp-offloads-tanker-sextet/
https://splash247.com/bp-offloads-tanker-sextet/Andrew Lemmis questions the regulator’s global role from a lifeboat industry perspective. Imagine a football match where the referee is paid by the teams and has no power to issue a red card. He can suggest the rules, sure, but it’s up to the players whether to follow them. Sound absurd? That’s essentially how the …
https://splash247.com/is-the-imo-fit-for-purpose/
https://splash247.com/is-the-imo-fit-for-purpose/All week, Splash will be bringing readers reports from Geneva Dry, the world’s premier commodities shipping conference, which took place on April 28 and 29 with more than 820 delegates in attendance. Up first in our coverage is the Commodities Shipping Outlook, a high-level scene-setter to open proceedings, designed to give delegates an indication of …
There’s just over three weeks to go until the enacting of one of this year’s most significant shipping regulations, and one key country is ill-prepared for the imminent changes coming to the ship recycling sector. June 1 sees the Hong Kong International Convention for the Safe and Environmentally Sound Recycling of Ships enter into force …
https://splash247.com/bangladesh-ill-prepared-for-next-months-ship-recycling-changes/
https://splash247.com/bangladesh-ill-prepared-for-next-months-ship-recycling-changes/Wallenius Wilhelmsen has acquired the remaining shares in Armacup, bringing the shareholding percentage from 65 to 100%.Armacup is a New Zealand-headquartered shipping company that has pioneered the Japanese used car trade since the 1980s. Armacup…
https://www.marinelink.com/news/wallenius-wilhelmsen-finalizes-525347
https://www.marinelink.com/news/wallenius-wilhelmsen-finalizes-525347Incat Hull 096 – the world’s largest battery-electric ship – has been officially launched in Tasmania, Australia.Built for South American ferry operator Buquebus, the 130-meter ferry will enter enters service between Buenos Aires and Uruguay…
https://www.marinelink.com/news/worlds-largest-batteryelectric-ship-525349
https://www.marinelink.com/news/worlds-largest-batteryelectric-ship-525349As inflation starts to slowly ramp up across the world, the US is gradually heading for a recession as the American economy shrank through Q1, reports cash buyer GMS, and the U.S. Dollar has weakened against some recycling nation currencies.The…
https://www.marinelink.com/news/ship-recycling-fundamentals-remain-shaky-525351
https://www.marinelink.com/news/ship-recycling-fundamentals-remain-shaky-525351