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Norwegian chemical tanker owner and operator Odfjell is boosting its fleet with two additional newbuild vessels via long-term charter deals. The Oslo-listed company said in its second quarter earnings report it expects the delivery in 2027 and 2028. The move will leave Odfjell with a total of 17 vessels on order, including owned and time-chartered …
https://splash247.com/odfjell-signs-for-newbuild-duo/
https://splash247.com/odfjell-signs-for-newbuild-duo/It was never going to be realistic to expect treated ballast water to have zero viable organisms on discharge.The G8 guidelines that define the type approval process for ballast water treatment systems were initially agreed at the IMO before…
https://www.marinelink.com/news/ballast-water-technology-getting-numbers-516167
https://www.marinelink.com/news/ballast-water-technology-getting-numbers-516167India continued to be a net importer of steel during the first four months of the current fiscal year beginning April, with China as its biggest supplier of the alloy, according to provisional government data seen by Reuters.India imported 2.69 million metric tons of steel between April and July…
https://www.marinelink.com/news/chinese-steel-enters-india-516168
https://www.marinelink.com/news/chinese-steel-enters-india-516168Marsh launched a $50 million port blockage insurance facility, covering shipping ports and terminals around the world.Created by Marsh following the collapse of the Francis Scott Key Bridge and subsequent disruption at the Port of Baltimore…
https://www.marinelink.com/news/marsh-launches-m-port-blockage-insurance-516169
https://www.marinelink.com/news/marsh-launches-m-port-blockage-insurance-516169“During the first seven months of this year, 194 product tankers larger than 10k deadweight tonnes (DWT) have been contracted with a combined capacity of 13.3m DWT. This is a 17% increase compared to last year and the highest level of contracting since 2006…
https://www.marinelink.com/news/product-tanker-vessel-rates-flying-high-516173
https://www.marinelink.com/news/product-tanker-vessel-rates-flying-high-516173According to the Norwegian Offshore Directorate's projected scenarios leading up to 2050, the difference between high and low production of oil and gas can amount to nearly an entire government pension fund.Norway still has extensive oil and gas resources on the Norwegian continental shelf (NCS).
https://www.marinelink.com/news/norway-eyes-increased-oil-gas-exploration-516174
https://www.marinelink.com/news/norway-eyes-increased-oil-gas-exploration-516174Singapore announced top maritime centre for 11th consecutive yearThe Baltic Exchange, in collaboration with Xinhua News Agency, announced the release of the 2024 Xinhua-Baltic International Shipping Center Development Index (ISCDI) Report. Now in its 11th year…
https://www.marinelink.com/news/winner-singapore-again-516175
https://www.marinelink.com/news/winner-singapore-again-516175The National Shipping Company of Saudi Arabia (Bahri) signed a purchase agreement to acquire nine Very Large Crude Carriers (VLCCs) from Capital Maritime and Trading Corporation for approximately $1B, the company said.The purchase is part of a modernization drive and will enable the company to star
https://www.marinelink.com/news/bahri-spend-b-vlcc-vessels-516176
https://www.marinelink.com/news/bahri-spend-b-vlcc-vessels-516176The Philippines said China's Coast Guard was not helping efforts to build confidence in the South China Sea, after accusing it of ramming and damaging its vessels in the latest in a succession of altercations.The Philippines urges China to refrain…
https://www.marinelink.com/news/accusations-fly-china-philippines-516177
https://www.marinelink.com/news/accusations-fly-china-philippines-516177Scuba divers scouring the wreck of British tech magnate Mike Lynch's family yacht, which sank off Sicily two days ago, have found two bodies inside it, a source close to rescue operations said on Wednesday.One of the bodies belonged to a heavily built man…
https://www.marinelink.com/news/two-bodies-found-inside-sunken-yacht-off-516186
https://www.marinelink.com/news/two-bodies-found-inside-sunken-yacht-off-516186