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Svend Andersen, widely regarded as one of the most influential commercial figures in the modern heavylift and project cargo shipping sector, has passed away. Over several decades, he helped professionalise and consolidate a niche segment of shipping. Andersen was a recognised heavylift and multipurpose shipping veteran, having started in the industry as a trainee in …
https://splash247.com/heavylift-legend-passes-away/
https://splash247.com/heavylift-legend-passes-away/The tanker market grappled with fresh uncertainty all week after the arrest of Venezuelan president Nicolás Maduro in a dramatic US military operation over the weekend, an event that has effectively frozen the country’s oil exports and reinforced Washington’s hardline approach to maritime enforcement. The Trump administration on Wednesday announced it is withdrawing from 66 …
https://splash247.com/splash-wrap-us-incursion-into-venezuela-dominates-coverage/
https://splash247.com/splash-wrap-us-incursion-into-venezuela-dominates-coverage/In a sign of the sweeping upgrades in maritime infrastructure across the coastlines of the world’s most populous nation, Adani’s Mundra port has this week berthed a fully laden VLCC – a first for India, and something that promises to alter the global seaborne tanker trading map. The giant 318,926 dwt New Renown, owned by …
https://splash247.com/india-receives-first-fully-laden-vlcc-at-mundra/
https://splash247.com/india-receives-first-fully-laden-vlcc-at-mundra/John Fredriksen’s tanker giant Frontline is rolling out a $2bn-plus VLCC fleet revamp, selling older tonnage while lining up a slate of latest-generation newbuildings. The New York- and Oslo-listed owner has agreed to sell eight first-generation VLCCs, built between 2015 and 2016, for a total consideration of $831.5m. The vessels are set for delivery to …
https://splash247.com/frontline-refreshes-vlcc-fleet-in-2bn-overhaul/
https://splash247.com/frontline-refreshes-vlcc-fleet-in-2bn-overhaul/Panama's maritime authority on Thursday said it had canceled in January of last year the flag of the M Sophia, a Venezuela-linked oil tanker seized by the U.S. military this week.The U.S. military's Southern Command on Wednesday said it had intercepted the M Sophia before dawn…
https://www.marinelink.com/news/panama-canceled-flag-usseized-tanker-a-534197
https://www.marinelink.com/news/panama-canceled-flag-usseized-tanker-a-534197A sanctioned LNG transhipment operation is emerging off Russia’s Kola Peninsula, with shadow vessels routing cargoes via the long-idle Saam FSU in Ura Bay. The Russian-flagged, 400-meter-long, 60-meter-wide floating storage unit has been stationed in Ura Bay since June 2023 but has seen little activity until recently, according to the Barents Observer. It also notes …
https://splash247.com/sanctioned-lng-carriers-activate-saam-fsu-off-the-kola-peninsula/
https://splash247.com/sanctioned-lng-carriers-activate-saam-fsu-off-the-kola-peninsula/Chinese bulker owner Fujian Haitong Development has continued its fleet expansion with a rare move into the newbuilding market, ordering three multipurpose heavylift vessels at Taizhou Kouan Shipbuilding. The Shanghai-listed company disclosed the deal in a stock exchange filing, putting the total investment at up to RMB900m ($129m) before tax. Delivery dates for the 62,000 …
https://splash247.com/fujian-haitong-steps-into-newbuild-market-with-mpp-order/
https://splash247.com/fujian-haitong-steps-into-newbuild-market-with-mpp-order/Diana Shipping has secured follow-on employment for one of its kamsarmax bulkers, fixing the Maia on a direct continuation time charter with Paralos Shipping. The New York-listed Greek owner said the vessel will earn $14,000 per day, less a 5% commission, under a contract running from a minimum of July 5, 2027 to a latest …
https://splash247.com/diana-locks-in-higher-rate-in-new-paralos-kamsarmax-deal/
https://splash247.com/diana-locks-in-higher-rate-in-new-paralos-kamsarmax-deal/Clarksons has moved to deepen its technology push, agreeing to acquire Zuma Labs, a specialist provider of trading and data tools for the forward freight agreement (FFA) market. The UK-based shipbroking group said it is buying 100% of the issued share capital of Zuma Labs, which was founded in 2020 to meet growing demand for …
https://splash247.com/clarksons-buys-zuma-labs-in-ffa-tech-push/
https://splash247.com/clarksons-buys-zuma-labs-in-ffa-tech-push/The U.S. Department of Labor announced the award of nearly $14 million in funding to support the development of programs aimed at reinvigorating and rebuilding the U.S. maritime industry and workforce.Administered by the department’s Bureau of International Labor Affairs…
https://www.marinelink.com/news/us-department-labor-awards-m-train-534180
https://www.marinelink.com/news/us-department-labor-awards-m-train-534180