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Dutch heavylift shipping specialist Jumbo is bolstering its fleet with a pair of next-generation multipurpose vessels in China. The Rotterdam-based owner has signed a contract with Chinese manufacturer and shipbuilder Dajin Heavy Industry for two 25,000 dwt heavylift vessels worth approximately $156m. The ships are scheduled for delivery in 2028 and 2029 and will be …
https://splash247.com/jumbo-expands-heavylift-fleet-with-newbuild-brace-in-china/
https://splash247.com/jumbo-expands-heavylift-fleet-with-newbuild-brace-in-china/Taiwanese container carrier TS Lines is set for a generational leadership transition, with founder and chairman Chen Te-sheng stepping down and handing control of the company to his son, Chen Shao-hsiang. The 74-year-old founder will retire on June 1 as part of a long-planned succession process, while remaining involved in a senior advisory capacity. Chen …
https://splash247.com/ts-lines-founder-hands-reins-to-son-in-family-succession-move/
https://splash247.com/ts-lines-founder-hands-reins-to-son-in-family-succession-move/Singapore shipping veteran Teo Siong Seng has stepped away from a series of high-profile positions as he prepares to fight allegations from the US Department of Justice tied to an alleged global container cartel. Teo, the 71-year-old executive chairman and chief executive of Singamas Container Holdings, has taken leaves of absence from his roles as …
https://splash247.com/container-cartel-claims-see-ss-teo-step-back-from-public-roles/
https://splash247.com/container-cartel-claims-see-ss-teo-step-back-from-public-roles/The IMO's Maritime Safety Committee met for its 111th session from May 13 to 22 and adopted a global code for autonomous ships and advanced guidelines for ships operating on alternative fuels.First global code for autonomous shipsIMO adopted…
https://www.marinelink.com/news/imo-outlines-plans-binding-rules-539565
https://www.marinelink.com/news/imo-outlines-plans-binding-rules-539565The U.S. Coast Guard commissioned its newest Fast Response Cutter, USCGC Vincent Danz (WPC 1162), for official entry into its service fleet during a ceremony held in New York City on Friday.The Vice Commandant of the Coast Guard, Vice Adm. Thomas Allan, presided over the ceremony.
https://www.marinelink.com/news/us-coast-guard-commissions-cutter-539566
https://www.marinelink.com/news/us-coast-guard-commissions-cutter-539566Norwegian subsea services specialist Reach Subsea has secured a long-term foothold in the Black Sea after converting a previously announced letter of intent into a firm contract covering inspection, maintenance and repair (IMR) and light construction work in the region. The Oslo-listed company said the agreement runs for an initial two years with an option …
https://splash247.com/reach-subsea-seals-multi-year-black-sea-contract/
https://splash247.com/reach-subsea-seals-multi-year-black-sea-contract/Oslo-listed offshore engineering and services contractor Subsea7 has secured its first project award under a recently signed strategic alliance with Vår Energi, winning a substantial contract for the Goliat gas export project in the Norwegian Barents Sea. The contract, valued by Subsea7 at between $150m and $300m, covers engineering, procurement, construction and installation work for …
https://splash247.com/subsea7-lands-up-to-300m-contract-on-barents-sea-gas-export-project/
https://splash247.com/subsea7-lands-up-to-300m-contract-on-barents-sea-gas-export-project/US authorities have seized approximately 227 kg of cocaine worth an estimated $6.4m from a crude oil tanker arriving in Southern California, with a Filipino crewmember charged over what prosecutors allege was a cartel-linked smuggling operation. The seizure followed a joint operation by Homeland Security Investigations (HSI) and the US Coast Guard aboard the aframax …
Hong Kong-based owner Teying Shipping has moved from a recent profitable asset play in the VLCC market to a major fleet expansion programme, signing contracts for up to eight LR2 product and crude tankers at Chinese shipyards. The company has contracted four firm 115,000 dwt vessels, with options for another four units, in a programme …
https://splash247.com/hong-kong-owner-teying-swaps-vlcc-flip-for-major-lr2-ordering-spree-in-china/
https://splash247.com/hong-kong-owner-teying-swaps-vlcc-flip-for-major-lr2-ordering-spree-in-china/U.S. President Donald Trump said on Sunday he had told his representatives not to rush into any deal with Iran, as his administration played down hopes of an imminent breakthrough in the three-month-old war that had been raised a day earlier.The U.S.
https://www.marinelink.com/news/trump-says-rush-iran-deal-us-blockade-539562
https://www.marinelink.com/news/trump-says-rush-iran-deal-us-blockade-539562