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"So far this year, ship transits via the Panama Canal have increased 8% y/y to a daily average of 38, driven by the tanker sector. Transits have been especially high during the past five weeks, rising 16% y/y, as US energy exports to the Pacific jumped…
https://www.marinelink.com/news/hormuz-disruption-drives-panama-canal-539490
https://www.marinelink.com/news/hormuz-disruption-drives-panama-canal-539490The march toward zero-emission ferry transportation continues, and this time the momentum is coming from the Baltic.Estonian State Fleet has signed a contract with Polish shipbuilder CRIST S.A. for the design and construction of what will become Estonia’s first fully electric passenger ferry…
https://www.marinelink.com/news/estonian-state-fleet-orders-iceclass-539492
https://www.marinelink.com/news/estonian-state-fleet-orders-iceclass-539492French engineering group SPIE has signed a contract with EDF for the maintenance of the Saint-Nazaire offshore wind farm. As the lead contractor for a consortium comprising Valemo and Services Voltige, Spie will be responsible for maintaining the foundations of the 80 wind turbines and the offshore electrical substation. The contract begins in May 2026 …
https://splash247.com/spie-wins-edf-maintenance-deal-for-french-offshore-wind-farm/
https://splash247.com/spie-wins-edf-maintenance-deal-for-french-offshore-wind-farm/Offshore jackup rig player Borr Drilling has announced in its fleet status report that it has secured new contracts for two of its rigs. The 2013-built jackup Sif was awarded a letter of award from an undisclosed operator in Suriname. The work will start in July and end in October 2026. Splash has previously reported …
https://splash247.com/borr-drilling-secures-fresh-jackup-work-in-suriname-and-vietnam/
https://splash247.com/borr-drilling-secures-fresh-jackup-work-in-suriname-and-vietnam/The offshore supply vessel (OSV) market has entered a very different dynamic from the cycles of the 2000s and 2010s, with the current PSV and AHTS orderbook at just 4% of the live fleet, the lowest level in recent history. Two decades ago, when oil prices reached $100 per barrel and E&P budgets surged, OSV …
https://splash247.com/osv-owners-resist-newbuilding-spree-despite-offshore-market-recovery/
https://splash247.com/osv-owners-resist-newbuilding-spree-despite-offshore-market-recovery/A certificate post says something bigger about seafarer professionalism, writes Pradeep Chawla, the CEO of MarinePALS. A recent LinkedIn post by a chief officer caught our attention at MarinePALS. He had completed our Sexual Harassment – Awareness and Prevention course and shared the certificate publicly, thanking Unity Ship Management for supporting his continued learning. It …
https://splash247.com/shippings-definition-of-professionalism-is-changing/
https://splash247.com/shippings-definition-of-professionalism-is-changing/British class society Lloyd’s Register (LR) has helped establish a new industry consortium aimed at ending the fragmented way container stowage and lashing data is shared across the sector. The Lashing Exchange Format (LXF) Consortium brings together classification societies and software developers to create a common digital standard for transferring data used in container securing …
https://splash247.com/new-push-to-standardise-container-stowage-data/
https://splash247.com/new-push-to-standardise-container-stowage-data/South Korean shipbuilding major HD Hyundai Heavy Industries has moved one step closer to the commercialisation of next-generation nuclear reactors at sea, signing a Natrium reactor supply framework agreement with TerraPower from the US, a company founded by Bill Gates. Under the agreement, HD Hyundai Heavy Industries has been selected as a preferred manufacturer for …
https://splash247.com/hd-hyundai-firms-ties-with-american-nuclear-pioneer/
https://splash247.com/hd-hyundai-firms-ties-with-american-nuclear-pioneer/One of the most famous names in container shipping is embarking on a new chapter in his career. Peter Tirschwell has stepped down from his role guiding the Journal of Commerce (JOC) after 34 years with the American publication to become an independent shipping journalist. Tirshwell founded TPM 25 years ago in Long Beach, California, …
https://splash247.com/peter-tirschwell-leaves-joc-after-34-years-to-go-independent/
https://splash247.com/peter-tirschwell-leaves-joc-after-34-years-to-go-independent/Indonesia has announced plans to route all exports of coal, palm oil and ferroalloys through a government-appointed state enterprise, in a sweeping move that has unnerved commodity markets. President Prabowo Subianto unveiled the policy in a speech to parliament on Wednesday, citing decades of revenue losses he attributed to under-invoicing and transfer pricing by exporters. …
https://splash247.com/indonesia-moves-to-centralise-commodity-exports-through-state-run-trading-arm/
https://splash247.com/indonesia-moves-to-centralise-commodity-exports-through-state-run-trading-arm/