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Decommissioning specialist Well-Safe Solutions has been awarded a new contract to provide full well operatorship and asset execution for an unnamed client in the UK North Sea. With this first-ever well operatorship contract for the company, Well-Safe Solutions is expanding its service offerings by leveraging Tier 1 capabilities to provide fully integrated well-lifecycle services. The …
https://splash247.com/well-safe-solutions-wins-first-well-operatorship-contract-in-north-sea/
https://splash247.com/well-safe-solutions-wins-first-well-operatorship-contract-in-north-sea/Arnaud Dianoux, the CEO of Opsealog, on the fuel-saving edge owners keep overlooking. Fuel efficiency has always been at the top of any charterer’s agenda, and for shipowners, emissions compliance is fast becoming an equally pressing concern. As the industry continues to absorb disruption through rerouting around geopolitical flashpoints, managing fuel price volatility and preparing …
https://splash247.com/shippings-biggest-efficiency-gains-are-already-onboard/
https://splash247.com/shippings-biggest-efficiency-gains-are-already-onboard/Oman’s Asyad Shipping is continuing its expansion in the dry bulk market, agreeing to acquire two modern baby capesize bulk carriers as it builds scale in larger vessel segments. The Muscat-listed owner said it has struck a deal to purchase two secondhand 100,309 dwt bulkers for a total consideration of about $75.8m, with deliveries expected …
https://splash247.com/asyad-deepens-dry-bulk-push-with-baby-cape-purchases/
https://splash247.com/asyad-deepens-dry-bulk-push-with-baby-cape-purchases/Singapore-based Wealth Holdings is stepping up its investment in the multipurpose vessel sector, placing a fresh order in China for larger tonnage just months after entering the market with its first MPP newbuilding programme. The company’s shipping arm, Wealth Holding Shipping, has teamed up with Hong Kong-based Pusheng Shipping and Nantong Yahua Shipbuilding Group for …
https://splash247.com/wealth-holdings-doubles-down-on-mpp-sector-with-larger-china-newbuilds/
https://splash247.com/wealth-holdings-doubles-down-on-mpp-sector-with-larger-china-newbuilds/New York-listed Greek shipping group Navios Maritime Partners has confirmed its long-rumoured return to the VLCC newbuilding market, unveiling a deal for four supertankers with options that could expand the programme to as many as eight ships. The Angeliki Frangou-led owner said it has agreed to acquire four scrubber-fitted VLCC newbuildings from an unrelated third …
https://splash247.com/navios-partners-details-vlcc-newbuild-programme/
https://splash247.com/navios-partners-details-vlcc-newbuild-programme/The United States has granted a licence to the world’s largest cash buyer of ships to purchase four sanctioned containerships for scrapping, in a decision that could open a legitimate exit route for owners trapped in the shadow fleet. OFAC approved Dubai-headquartered GMS to buy the Yogi, Timon, Rantanplan and Bigli – four vessels linked …
https://splash247.com/ofac-approved-demolition-deal-could-reshape-shadow-fleet-exits/
https://splash247.com/ofac-approved-demolition-deal-could-reshape-shadow-fleet-exits/Russia’s FSB security service says it has foiled what it is calling a terrorist attack after divers discovered magnetic explosive devices attached to the hull of a liquefied petroleum gas tanker that had arrived at the port of Ust-Luga from Antwerp. The Liberia-flagged Arrhenius, managed by UAE-based Maple Mariner Holding, entered Ust-Luga on May 20 …
https://splash247.com/magnetic-mines-found-on-hull-of-lpg-tanker-at-russian-port-of-ust-luga/
https://splash247.com/magnetic-mines-found-on-hull-of-lpg-tanker-at-russian-port-of-ust-luga/A sweeping new Morgan Stanley research report argues that Asia’s energy security crisis is triggering an investment supercycle that will reshape commercial shipping for the rest of the decade, driving tanker orderbooks higher, accelerating shipyard capacity expansion and generating sustained demand across the coal, LNG and crude carrier sectors. The 150-page report suggests the Hormuz …
https://splash247.com/morgan-stanley-predicts-prolonged-vessel-undersupply-across-energy-trades/
https://splash247.com/morgan-stanley-predicts-prolonged-vessel-undersupply-across-energy-trades/A growing chorus of shipbrokers, banks and analysts are warning that the return of the El Niño weather phenomenon later this year could deliver a meaningful boost to shipping markets across multiple sectors, compounding disruptions already in train from the Hormuz crisis and Panama Canal congestion. The trigger is a significant upgrade to El Niño …
https://splash247.com/brokers-see-powerful-el-nino-adding-fuel-to-freight-rally/
https://splash247.com/brokers-see-powerful-el-nino-adding-fuel-to-freight-rally/U.S. forces on Monday conducted strikes in southern Iran against targets including boats attempting to lay mines and missile launch sites, in what it described as defensive actions.The strikes came as Iran's top negotiator and its foreign minister…
https://www.marinelink.com/news/us-strikes-boats-missile-sites-iran-539578
https://www.marinelink.com/news/us-strikes-boats-missile-sites-iran-539578