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The Department of Homeland Security approved full production of the first U.S. Coast Guard Polar Security Cutter (PSC), April 30, 2025. The Service also received approval for low-rate initial production of the the Waterways Commerce Cutter (WCC).
https://www.marinelink.com/news/coast-guard-begin-production-activities-525323
https://www.marinelink.com/news/coast-guard-begin-production-activities-525323Norwegian energy major Equinor has sold its stake in the Peregrino field to Brazilian company Prio Tigris, a subsidiary of PRIO, for $3.5bn Equinor sold its 60% operated interest in the field to PRIO, Brazil’s largest independent oil and gas company, for a consideration of $3.35bn and an additional maximum of $150m in interest. The …
https://splash247.com/equinor-sells-majority-stake-in-brazilian-oil-field-for-3-5bn/
https://splash247.com/equinor-sells-majority-stake-in-brazilian-oil-field-for-3-5bn/One of China’s fastest-growing bulker owners, Fujian Highton Development, continues its fleet expansion with the $10.2m purchase of the 14-year-old, 57,000 dwt SFL Yukon, now renamed Xin Hai Tong 61, from John Fredriksen’s SFL Corporation. It marks Highton’s smallest and oldest acquisition this year. The company has also secured four ships from ArcelorMittal Shipping for …
https://splash247.com/fujian-highton-development-adds-supramax-from-sfl-corporation/
https://splash247.com/fujian-highton-development-adds-supramax-from-sfl-corporation/Oslo-listed car carrier operator Wallenius Wilhelmsen has completed the sale of Melbourne International RoRo & Auto Terminal (MIRRAT) following approval from the Australian Competition and Consumer Commission in April. The deal sees Australian Amalgamated Terminals, a subsidiary of Australia’s largest logistics provider Qube, taking over the country’s largest car and roro terminal for around A$332.5m …
https://splash247.com/wallenius-wilhelmsen-closes-sale-of-melbourne-car-terminal/
https://splash247.com/wallenius-wilhelmsen-closes-sale-of-melbourne-car-terminal/Denmark’s European Maritime Finance has appointed Torben Degn as CEO. “We are excited to welcome Torben Degn as CEO, whose vision and extensive experience will be pivotal in leading the company through its next chapter,” said founder and chairman of the investment committee Martin Haugaard. European Maritime Finance is a specialised fund manager, licensed by …
https://splash247.com/european-maritime-finance-appoints-torben-degn-as-ceo/
https://splash247.com/european-maritime-finance-appoints-torben-degn-as-ceo/Parrish & Heimbecker, a Canadian, a family-owned agri-business, has acquired a deepwater bulk marine export terminal in Quebec City from Societe En Commandite Terminal Grains, which has been operated by Sollio Agriculture since 2021. “The addition of a Quebec City terminal is a strong fit for our long-term growth strategy,” said John Heimbecker, CEO of …
https://splash247.com/quebec-grain-terminal-changes-hands/
https://splash247.com/quebec-grain-terminal-changes-hands/The Maritime and Port Authority of Singapore (MPA) is getting a new chief executive in June. Ang Wee Keong, the assistant chief executive (international) of the Infocomm Media Development Authority (IMDA), has been named chief executive-designate from May 1 to June 15. He will relinquish his current position at IMDA and take over from Teo …
https://splash247.com/singapore-appoints-new-chief-executive-of-maritime-and-port-authority/
https://splash247.com/singapore-appoints-new-chief-executive-of-maritime-and-port-authority/Pierre Aury reflects on MEPC 83 and mankind’s failure to rein in CO2 emissions. The International Maritime Organization (IMO) just held the 83rd session of its Marine Environment Protection Committee (MEPC). Before we deal with the situation of the shipping industry, emissions-wise, it is useful to revisit the recent history of humans trying – or …
https://splash247.com/the-inconvenient-truth-about-shippings-decarbonisation/
https://splash247.com/the-inconvenient-truth-about-shippings-decarbonisation/CMA CGM has signed a 30-year deal with the Syrian government to develop Latakia port, including building a new berth and investing $260m to bolster Syria’s top port. CMA CGM has been operating at Latakia since 2009. The new deepwater berth will be 1.5 km long with depths alongside of 17 m. Under the agreement, …
https://splash247.com/cma-cgm-signs-syrian-port-deal/
https://splash247.com/cma-cgm-signs-syrian-port-deal/The Danish government has announced plans to create a state-backed $1bn war risk programme for ships to be used in the event commercial insurance markets fail. The government said the insurance plan, due to be voted on in parliament later this year, was a “timely precaution”. “There are global tensions and war on European soil,” …
https://splash247.com/danish-government-looks-to-establish-1bn-war-risk-programme/
https://splash247.com/danish-government-looks-to-establish-1bn-war-risk-programme/