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Watson Farley & Williams (WFW) advised MPC Container Ships ASA (MPCC) on two transactions as part of the implementation of its fleet strategy.The first transaction was the order of four new 4,500 TEU container vessels from Chinese shipyard Taizhou…
https://www.marinelink.com/news/wfw-advises-mpcc-m-fleet-optimization-528187
https://www.marinelink.com/news/wfw-advises-mpcc-m-fleet-optimization-528187Genetec Inc., a leader in enterprise physical security software, announced that the Port of Barcelona has successfully implemented Genetec Security Center, improving the port’s safety, efficiency, and operational capabilities.As one of the Mediterranean’s major logistics hubs…
https://www.marinelink.com/news/port-barcelona-enhances-security-528196
https://www.marinelink.com/news/port-barcelona-enhances-security-528196Today, Monday, July 21 2025, the Baltic Dry Index decreased by 36 points, reaching 2016 points. Baltic Dry Index is compiled by the London-based Baltic Exchange and covers prices for transported cargo such as coal, grain and iron ore. The index is based on a daily survey of agents all over the world. Baltic Dry ...
https://www.hellenicshippingnews.com/baltic-dry-index-falls-to-2016-down-36-points/
https://www.hellenicshippingnews.com/baltic-dry-index-falls-to-2016-down-36-points/US supermajor Chevron has wrapped up its acquisition of compatriot Hess Corporation following the satisfaction of all necessary closing conditions. The deal was completed after an independent arbitration panel rejected ExxonMobil’s claim that it held a contractual right of first refusal over Hess’ interest in the Stabroek Block offshore Guyana. Hess’ Guyana stake was Chevron’s …
https://splash247.com/exxon-loses-guyana-fight-as-chevron-finalises-hess-takeover/
https://splash247.com/exxon-loses-guyana-fight-as-chevron-finalises-hess-takeover/Romanian oil and gas producer OMV Petrom and Israeli oil and gas firm NewMed Energy have hired a Noble drillship for two exploration wells in the Black Sea, offshore Bulgaria. The contract was awarded to Noble’s 2011-built Globetrotter I ultra-deepwater drillship. The two wells will be drilled on the Han-Asparuh Block. The drilling campaign is expected …
https://splash247.com/noble-scores-80m-drillship-gig-offshore-bulgaria/
https://splash247.com/noble-scores-80m-drillship-gig-offshore-bulgaria/Tore Morten Olsen, president of maritime at Marlink, has signals advice for ships entering high-risk areas. The spike in physical attacks against shipping by Houthi rebels in the Red Sea has been mirrored by an increase in jamming and spoofing of GPS signals, effectively removing position, navigation and timing information from the control of the …
Maritime tech innovator OrbitMI has struck a deal to acquire Quebec-based artificial intelligence company AuQub. The acquisition deepens OrbitMI’s investment in intelligent, connected workflows by embedding AuQub’s advanced AI agents into its platform. These agents specialise in automating repetitive tasks and optimising operational processes. “Artificial intelligence is central to our mission of making maritime more …
https://splash247.com/orbitmi-acquires-ai-firm-auqub/
https://splash247.com/orbitmi-acquires-ai-firm-auqub/Amid today’s shipbuilding supercycle, HD Hyundai Heavy Industries looks like it will have to fork out a huge amount to reacquire a block manufacturer it sold six years ago. South Korea’s largest shipbuilder is being widely tipped as buying back a majority stake in Hyundai Hyms from J& Private Equity for around $360m. Founded in …
https://splash247.com/hd-hyundai-looks-to-buy-back-block-manufacturer-it-sold-six-years-ago/
https://splash247.com/hd-hyundai-looks-to-buy-back-block-manufacturer-it-sold-six-years-ago/Prominent Greek shipowner Adam Polemis is back in the tanker newbuilding market with a fresh order for suezmaxes in China, adding to recent transactions around both newbuilds and asset sales from his New Shipping group. Shipbrokers in Europe report that Polemis has signed a deal with CSSC Qingdao Beihai Shipbuilding for two firm 163,000 dwt …
https://splash247.com/adam-polemis-linked-to-suezmax-newbuilds/
https://splash247.com/adam-polemis-linked-to-suezmax-newbuilds/China has rolled out its largest ocean-going aquaculture vessel to date, completing the conversion of a panamax bulk carrier into a mobile fish farming unit for domestic operator Senhai MK. The vessel, Zhedai Yuyang 60001, was handed over by Shanhaiguan Shipbuilding, a unit of China State Shipbuilding Corporation (CSSC), after an extensive retrofit project in …
https://splash247.com/old-panamax-bulker-gets-new-life-as-chinas-offshore-fish-farm/
https://splash247.com/old-panamax-bulker-gets-new-life-as-chinas-offshore-fish-farm/