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New York-listed offshore driller Valaris has won a multi-year contract with Equinor’s subsidiary in Brazil for the drillship Valaris DS-17. The deal covers work on the Ria project offshore Brazil, Equinor operates in partnership with Repsol Sinopec and Petrobras. The contract, worth about $498m is estimated to last 852 days and includes managed pressure drilling, …
https://splash247.com/valaris-lands-498m-drillship-deal-with-equinor-brazil/
https://splash247.com/valaris-lands-498m-drillship-deal-with-equinor-brazil/Nissen Kaiun has been tied to an order of very large ammonia carriers in China. Brokers reported Japanese shipping mammoth had contracted four 88,000 cu m newbuilds at Yangzi-Mitsui Shipbuilding (Yamic) a joint venture yard between China’s Yangzijiang Shipbuilding and Japan’s Mitsui E&S Shipbuilding. The ships are set for delivery from May 2028 through February …
https://splash247.com/nissen-kaiun-signs-for-very-large-ammonia-carriers-in-china/
https://splash247.com/nissen-kaiun-signs-for-very-large-ammonia-carriers-in-china/Darley—a Itasca, Ill. headquartered provider of technology and equipment to military and first responders, including pumps for fireboats—announced it has named Lee J. Wise as chief financial officer, effective July 22, 2024.Wise joins Darley from Covetrus…
https://www.marinelink.com/news/darley-names-lee-j-wise-cfo-515366
https://www.marinelink.com/news/darley-names-lee-j-wise-cfo-515366Spanish authorities have detained a German-operated cargo ship for causing a spill during a refueling operation near the Spanish enclave of Ceuta, Spain's Merchant Fleet said on Monday.The Antigua & Barbuda-flagged Tony Stark ship cannot leave…
https://www.marinelink.com/news/spain-detains-cargo-ship-fuel-spill-near-515368
https://www.marinelink.com/news/spain-detains-cargo-ship-fuel-spill-near-515368Prices of iron ore futures edged lower on Monday as investors and traders assessed mixed market signals from top consumer China following the end of its widely watched third plenum. The most-traded September iron ore contract on China’s Dalian Commodity Exchange (DCE) ended daytime trade 0.31% lower at 798.5 yuan ($109.79) a metric ton. The ...
https://www.hellenicshippingnews.com/iron-ore-edges-lower-as-investors-digest-mixed-signals-from-china/Ukraine’s grain exports through the Romanian Black Sea port of Constanta fell by 43.5% on the year in the first half to 4.24 million metric tons, the port authority said, as Kyiv has been able to rely on its own ports this year. Constanta port had been Ukraine’s main alternative route for grain since Russia’s ...
https://www.hellenicshippingnews.com/ukraine-grain-exports-via-romanias-constanta-port-drop-43-5-in-first-half/China’s imports of major commodities are often viewed through the prism of the performance of, and outlook for, the world’s second-biggest economy. But it’s probably more important to look at price trends when assessing the world’s biggest commodity importer’s inbound shipments of crude oil, liquefied natural gas (LNG), copper, iron ore and coal. The diverging ...
https://www.hellenicshippingnews.com/chinas-commodity-import-trend-driven-by-prices-not-economy/
https://www.hellenicshippingnews.com/chinas-commodity-import-trend-driven-by-prices-not-economy/The IMO’s enforcement of EEXI and CII regulations from January 1, 2023 marks a significant step in reducing greenhouse gas emissions from the maritime industry. As the regulations become stricter and the major impact expected post-2024, shipowners must proactively monitor and enhance their fleet’s emission profiles to ensure the commercial viability of their vessels. A ...
https://www.hellenicshippingnews.com/imo-ghg-regulations-to-squeeze-dry-bulk-supply/
https://www.hellenicshippingnews.com/imo-ghg-regulations-to-squeeze-dry-bulk-supply/Danish owner and operator Norden has sealed a deal to acquire Norwegian dry bulk operator Norlat Shipping. Founded in 1986, privately owned Norlat specialises in the shipment of forest products and other bulk commodities on trade routes from Northern Europe to North Africa and North America. The company has offices in Sarpsborg and Bergen in …
https://splash247.com/norden-buys-norlat-shipping/
https://splash247.com/norden-buys-norlat-shipping/Iran’s Islamic Revolutionary Guard Corps (IRGC) seized a product tanker after it left the Khor Al Zubair port in Iraq loaded with 1,500 tonnes of gas oil. Splash has received information that the tanker in question is the Togo-flagged Betelgeuse. The vessel is owned by the Marshall Islands-based company Madrigal Marine. The owner’s representative, Ahmad …
https://splash247.com/product-tanker-seized-off-iran/
https://splash247.com/product-tanker-seized-off-iran/