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The Baltic Exchange’s dry bulk sea freight index slipped on Tuesday, snapping six straight sessions of gains, due to a fall in prices across all vessel segments. The main index, which monitors rates for capesize, panamax and supramax shipping vessels, fell by five points to 1,398. The capesize index shed two points to 1,978. Average ...
https://www.hellenicshippingnews.com/baltic-index-snaps-six-session-winning-streak-on-lower-rates-across-vessel-sizes/Italian offshore engineering and construction giant Saipem has won a contract from Eni for work on the Liverpool Bay CCS project in the UK. The value of the contract is estimated approximately €520m ($592m) over the three years required to complete the project. The Liverpool Bay CCS project will serve the HyNet industrial cluster, situated …
https://splash247.com/saipem-wins-590m-deal-for-work-on-enis-uk-ccs-project/
https://splash247.com/saipem-wins-590m-deal-for-work-on-enis-uk-ccs-project/South Korea’s LS Marine Solution has won a $15.8m contract for the installation of subsea cables at a wind farm off Taiwan. The contract is LS Marine Solution’s first overseas order and the first time a South Korean company has entered the international subsea cable market. The project is part of the second phase of …
https://splash247.com/ls-marine-solution-gets-cabling-deal-on-taiwanese-offshore-wind-farm/
https://splash247.com/ls-marine-solution-gets-cabling-deal-on-taiwanese-offshore-wind-farm/The Dutch government has reduced its offshore wind targets and removed one of the zones set for offshore wind development to give more room to the fishing sector. The authorities decided to amend their North Sea Programme and, with it, reduce the offshore wind energy target from 50GW to 21GW. This also comes with the …
https://splash247.com/dutch-government-scales-back-offshore-wind-to-preserve-fisheries/
https://splash247.com/dutch-government-scales-back-offshore-wind-to-preserve-fisheries/Mitsubishi Shipbuilding christened and launched the first of two large car ferries ordered by Shinnihonkai Ferry Co., Ltd. and Japan Railway Construction, Transport and Technology Agency (JRTT). The ceremony took place at the Enoura Plant of…
https://www.marinelink.com/news/mitsubishi-shipbuilding-christens-car-525141
https://www.marinelink.com/news/mitsubishi-shipbuilding-christens-car-525141StormGeo, a provider of maritime technology solutions, has partnered with the Finnish artificial intelligence (AI) analytics company Awake.AI to deliver AI-powered port analytics to its clients.StormGeo will promote and deliver Awake.AI’s advanced…
https://www.marinelink.com/news/stormgeo-leverage-ai-enhanced-port-525143
https://www.marinelink.com/news/stormgeo-leverage-ai-enhanced-port-525143Offshore drilling giant Noble Corporation has announced several new rig deals, increasing its backlog to $7.5bn. Noble revealed in its fleet status report that the 2015-built drillship Noble Voyager and a second Noble V-class 7th generation drillship, to be named at a later date, won a contract for four years each with supermajor Shell in …
https://splash247.com/noble-bags-new-rig-deals-worth-close-to-1-4bn/
https://splash247.com/noble-bags-new-rig-deals-worth-close-to-1-4bn/A trio of companies consisting of John Fredriksen’s Geveran Trading, Idan Ofer’s EPS Ventures, and Wilhelmsen New Energy have made an unconditional mandatory cash offer to buy all outstanding shares in offshore wind support vessel pureplay Edda Wind. The offer will be made by a newly established company jointly owned by the three big shareholders. …
https://splash247.com/fredriksen-ofer-wilhelmsen-launch-bid-to-take-edda-wind-private/
https://splash247.com/fredriksen-ofer-wilhelmsen-launch-bid-to-take-edda-wind-private/Vitol has announced the launch of a new FuelEU Maritime-compliant co-processed very low sulphur fuel oil (VLSFO). The Switzerland-based commodity trading giant said the co-processed fuel matches the chemical composition and operational qualities of conventional bunkers and eliminates the need for additional permissions or special clauses in charter party agreements. The new fuel is being …
https://splash247.com/vitol-rolls-out-fueleu-compliant-co-processed-vlsfo/
https://splash247.com/vitol-rolls-out-fueleu-compliant-co-processed-vlsfo/Chinese boxship player SITC International Holdings has exercised options at Huanghai Shipbuilding for two additional 1,800 teu vessels. The Hong Kong-listed shipowner is paying nearly $58m to lift the series at the compatriot yard to 10, with deliveries for the latest pair scheduled by March and May of 2028. SITC signed a shipbuilding contract with …
https://splash247.com/sitc-firms-up-huanghai-boxship-series/
https://splash247.com/sitc-firms-up-huanghai-boxship-series/