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Nearly one in three seafarers have been asked to pay illegal recruitment fees to secure work aboard merchant ships, according to new research published as the industry launches a major initiative to stamp out the practice. Research by the Institute for Human Rights and Business (IHRB) and maritime consultancy TURTLE found that 31% of seafarers …
https://splash247.com/shipping-struggles-to-stamp-out-illegal-recruitment-fees/
https://splash247.com/shipping-struggles-to-stamp-out-illegal-recruitment-fees/A rusty 333 m long crude oil tanker with one of the more colourful recent histories in the shadow fleet appears to be moving towards its endgame. The 2002-built VLCC Era, better known until recently as Marinera and before that Bella 1, has resurfaced under the Comoros flag after another change of identity. Public tracking …
https://splash247.com/troubled-shadow-vlcc-closes-in-on-endgame/
https://splash247.com/troubled-shadow-vlcc-closes-in-on-endgame/Oslo-listed tonnage provider MPC Container Ships has agreed to buy four 7,000 teu containerships for $340m, pushing the company into a larger vessel segment. The 2023- and 2024-built eco-conventional ships are being acquired from an unrelated third party, each with a three-year fixed-rate charter to a top-five liner company, expected to generate $180m in revenue …
https://splash247.com/mpcc-moves-up-in-size-with-340m-boxship-buy/
https://splash247.com/mpcc-moves-up-in-size-with-340m-boxship-buy/Vessel traffic through the Strait of Hormuz is gathering momentum, offering the strongest indication yet that commercial shipping is edging back towards normal operations after months of disruption, even as thousands of seafarers remain stranded and the waterway continues to operate under extraordinary restrictions. Maritime risk specialist Windward said vessel movements recorded yesterday marked “the …
https://splash247.com/hormuz-moves-from-shutdown-to-managed-recovery/
https://splash247.com/hormuz-moves-from-shutdown-to-managed-recovery/Volkswagen has agreed to sell a majority stake in German engine manufacturer Everllence to private equity firm Bain Capital in a deal valuing the business at €7.4bn ($8.4bn). The deal will see Bain Capital acquire 75% of Everllence, while Volkswagen Group will retain a 25% minority holding. The transaction remains subject to regulatory approvals and …
https://splash247.com/volkswagen-sells-majority-stake-in-everllence-to-bain-capital/
https://splash247.com/volkswagen-sells-majority-stake-in-everllence-to-bain-capital/Landlocked Kyrgyzstan’s nearest sea access isa some 2,600 km away. The Central Asian nation is better known for mountains, nomadic culture, Lake Issyk-Kul and its position along the old Silk Road than for shipping. That could soon change. Kyrgyzstan’s parliament has passed the country’s first Merchant Shipping Code in its third reading, creating the legal …
https://splash247.com/landlocked-kyrgyzstan-readies-ship-registry/
https://splash247.com/landlocked-kyrgyzstan-readies-ship-registry/Poland is moving ahead with plans for a second floating LNG import terminal at Gdansk, underlining Europe’s continued commitment to LNG infrastructure despite growing expectations that gas demand growth could slow in the longer term. The proposed unit would sit alongside the country’s first Gdansk FSRU project and further strengthen Poland’s position as one of …
https://splash247.com/poland-eyes-second-gdansk-fsru/
https://splash247.com/poland-eyes-second-gdansk-fsru/Singapore-based Nortrans Offshore has secured a two-year charter with SBM Offshore for its semi-submersible flotel Nor Spirit in Angola. The 2015-built DP3 maintenance and safety unit will support life-extension work on the FPSOs Saxi Batuque and Mondo on Block 15. The units are operated by SBM Offshore under a lease and operate contract with Esso …
https://splash247.com/nortrans-flotel-fixed-for-sbms-angola-work/
https://splash247.com/nortrans-flotel-fixed-for-sbms-angola-work/Offshore employers on the Norwegian continental shelf are preparing a large-scale lockout as a growing strike by members of the Norwegian Union of Energy Workers (SAFE) begins to disrupt drilling and well operations. SAFE launched industrial action among offshore maintenance and well service workers on Monday, 15 June, after talks over a collective wage agreement …
https://splash247.com/norway-offshore-labour-conflict-escalates-with-lockout-threat/
https://splash247.com/norway-offshore-labour-conflict-escalates-with-lockout-threat/New York-listed Greek bulker owner Diana Shipping has secured a new time charter for one of its panamax vessels at a higher rate than its current employment. The 2013-built, 77,901 dwt Ismene has been fixed to Paralos Shipping at $15,750 per day, less a 5% commission paid to third parties. The charter is expected to …
https://splash247.com/diana-lands-improved-rate-for-panamax-bulker/
https://splash247.com/diana-lands-improved-rate-for-panamax-bulker/