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Rocket Lab Corporation, a global leader in launch and space systems and Iridium Communications Inc., a provider of global voice, data, and positioning, navigation, and timing (PNT) satellite services, announced they have entered into a definitive…
https://www.marinelink.com/news/rocket-lab-acquire-global-satellite-540730
https://www.marinelink.com/news/rocket-lab-acquire-global-satellite-540730Neil Hall-led Eldorado Drilling has completed the acquisition of offshore drilling contractor Vantage Drilling for approximately $257m. As a result of the acquisition, Vantage will survive as an indirect subsidiary of Eldorado. Vantage will delist its ordinary shares from the Oslo stock exchange as promptly as practicable. The combination brings together Eldorado’s Atlantic Zonda rig …
https://splash247.com/eldorado-finalises-257m-acquisition-of-vantage-drilling/
https://splash247.com/eldorado-finalises-257m-acquisition-of-vantage-drilling/Vestigo Petroleum, a Petronas Carigali subsidiary, has confirmed a fire at its West Lutong facility offshore Sarawak, after a lightning strike triggered an incident at the platform on Sunday afternoon. The company said the fire broke out at around 2:00 pm local time and has since been brought under control. Vestigo said no injuries were …
https://splash247.com/lightning-strike-sparks-fire-at-offshore-platform-off-malaysia/
https://splash247.com/lightning-strike-sparks-fire-at-offshore-platform-off-malaysia/Sebastian von Hardenberg, the president of InterManager, writes for Splash today. The crisis in and around the Strait of Hormuz is often discussed in terms of vessel delays, energy security, freight markets and the wider risk to global trade. Those issues are important, but for shipmanagers the crisis is also a very direct test of …
https://splash247.com/hormuz-is-a-test-of-trust-for-shipmanagers/
https://splash247.com/hormuz-is-a-test-of-trust-for-shipmanagers/Taiwanese owner and operator U-Ming Marine Transport has signed for up to four newcastlemax newbuildings in China. The Far Eastern Group-backed company has contracted Jiangsu Hantong Ship Heavy Industry for two firm 211,000 dwt bulk carriers, with options for two more. The order has been placed through U-Ming Marine Transport Singapore, with each ship costing …
https://splash247.com/u-ming-signs-for-newcastlemax-newbuilds-in-china/
https://splash247.com/u-ming-signs-for-newcastlemax-newbuilds-in-china/The Norwegian Coastal Administration has awarded a contract to AF Gruppen for the engineering and construction of the Stad Ship Tunnel, the world’s first ship tunnel. The project comprises a fully equipped tunnel for maritime traffic with all necessary installations. The contract is a turnkey contract with an estimated value of NOK 5.6bn ($564.5m). The …
https://splash247.com/norway-is-about-to-tunnel-a-shipping-lane-through-a-mountain/
https://splash247.com/norway-is-about-to-tunnel-a-shipping-lane-through-a-mountain/One of South Korea’s largest dormant shipbuilding assets is edging towards a return to full production, potentially easing capacity constraints at a time when the country’s major builders remain heavily booked for years ahead. Gunsan Shipyard, which has not delivered a complete vessel since 2017, has secured its first newbuilding commitment before its prospective new …
https://splash247.com/korean-shipyard-moves-closer-to-revival-after-nine-year-hiatus/
https://splash247.com/korean-shipyard-moves-closer-to-revival-after-nine-year-hiatus/The world’s livestock carrier fleet is operating in a state of chronic regulatory failure, with ageing, poorly maintained vessels consistently ranked as the worst-performing ship category in port state control inspections for at least six consecutive years, according to a sweeping new 410-page report published by Robin des Bois, the Animal Welfare Foundation and Tierschutzbund …
https://splash247.com/livestock-carriers-remain-shippings-worst-performing-fleet/
https://splash247.com/livestock-carriers-remain-shippings-worst-performing-fleet/Mediterranean Shipping Co (MSC) has returned to the newbuilding market in a big way, with the world’s largest containerline understood to have placed an order for up to 20 ultra-large containerships at China’s Hengli Heavy Industry. According to MB Shipbrokers, the Geneva-headquartered liner operator has signed for a series of 20,000 teu LNG dual-fuel vessels …
https://splash247.com/msc-returns-to-megaship-ordering-with-up-to-20-new-giants/
https://splash247.com/msc-returns-to-megaship-ordering-with-up-to-20-new-giants/The fragile peace framework governing the Strait of Hormuz has effectively collapsed in all but name, with US and Iranian forces exchanging fresh military strikes over the weekend even as diplomats prepare to meet in Doha on Tuesday to salvage what remains of a ceasefire that neither side appears willing to fully honour. The immediate …
https://splash247.com/hormuz-security-in-tatters-as-us-and-iran-trade-fresh-strikes/
https://splash247.com/hormuz-security-in-tatters-as-us-and-iran-trade-fresh-strikes/