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Odfjell Technology, a spin-off of Odfjell Drilling that specialises in offshore operations, has signed a contract with oil and gas company EnQuest for platform drilling operations on the Magnus platform in the UK. The three-year contract is scheduled to commence in the third quarter of 2026 and includes two additional one-year extension options. “Odfjell Technology …
https://splash247.com/odfjell-technology-bags-uk-platform-drilling-contract/
https://splash247.com/odfjell-technology-bags-uk-platform-drilling-contract/Petrovietnam Drilling and Well Service Corporation (PV Drilling) has signed a contract with the Russian state-owned oil and gas company Zarubezhneft to provide a jackup rig. The rig, still unnamed, will be used for Zarubezhneft’s 2026 development drilling campaign on the Thien Nga – Hai Au field, located in Block 12/11 off Vietnam. The contract …
https://splash247.com/pv-drilling-wins-jackup-deal-from-zarubezhneft/
https://splash247.com/pv-drilling-wins-jackup-deal-from-zarubezhneft/Kuba Szymanski, secretary-general of InterManager, writes for Splash today. Amid growing concern about a global seafarer shortage, many in the industry argue that recruitment is our biggest challenge. I disagree. The real issue is whether we are properly training, supporting and protecting the workforce we already have to build the industry’s future. For too long, …
https://splash247.com/the-seafarer-shortage-is-not-what-shipping-thinks-it-is/
https://splash247.com/the-seafarer-shortage-is-not-what-shipping-thinks-it-is/Norwegian gas carrier owner Awilco LNG is entering a new chapter after long-serving chief executive Jon Skule Storheill stepped down with immediate effect as the company prepares a broader leadership reshuffle. The Oslo-listed LNG shipping company said Storheill and the board had jointly agreed that the company should move into its next phase under new …
https://splash247.com/awilco-lng-changes-course-with-ceo-exit-and-board-revamp/
https://splash247.com/awilco-lng-changes-course-with-ceo-exit-and-board-revamp/All eyes were on the Baltic Dry Index last week as it breached the 3,000-point barrier, its highest level in years, helping fuel another red-hot week in the sale and purchase market. Lion Shipbrokers reported 16 deals over the weekend, echoing comments from other broking houses, pointing to a strong appetite for 15-20-year-old Japanese-built panamax …
https://splash247.com/japanese-built-ultramax-values-jump/
https://splash247.com/japanese-built-ultramax-values-jump/Ocean Network Express has returned to South Korea’s HD Hyundai Heavy Industries for another batch of LNG-capable containerships, pressing ahead with its long-term alternative-fuel fleet renewal strategy despite scaling back earlier expansion plans. Market sources identified the Singapore-headquartered liner operator as the buyer behind a $1.22bn newbuilding contract announced by HD Korea Shipbuilding & Offshore …
https://splash247.com/one-returns-to-hd-hyundai-for-1-2bn-lng-fuelled-boxship-deal/
https://splash247.com/one-returns-to-hd-hyundai-for-1-2bn-lng-fuelled-boxship-deal/Dutch shipowner Vroon is exiting the livestock shipping sector after agreeing to sell its Livestock Express business to Australian agribusiness and shipping group Heytesbury. The deal includes all 11 livestock carriers owned by Livestock Express, the Singapore-based operations and technical management activities for third-party vessels. Financial terms were not disclosed. The sale marks another step …
https://splash247.com/vroon-cashes-out-of-livestock-shipping-business/
https://splash247.com/vroon-cashes-out-of-livestock-shipping-business/The dry bulk sector’s decarbonisation debate has moved decisively beyond whether shipping will reach net zero and is now centred on how the industry can make the transition work commercially in an increasingly uncertain world. That was the clear message from the Dry Decarbonisation panel, the second session on day two of last month’s Geneva …
https://splash247.com/carbon-costs-fuel-choices-and-uncertainty-shape-geneva-dry-debate/
https://splash247.com/carbon-costs-fuel-choices-and-uncertainty-shape-geneva-dry-debate/Very large gas carrier (VLGC) spot rates have surged to record levels, with benchmark freight on the Houston-to-Chiba route climbing to $290 per metric tonne and daily earnings spiking to almost $170,000 per day – the highest level ever recorded for the series, according to Clarksons Research. The record-breaking run has been driven by a …
https://splash247.com/vlgc-spot-rates-hit-record-highs/
https://splash247.com/vlgc-spot-rates-hit-record-highs/Peace in the Persian Gulf appears no closer after president Donald Trump flatly rejected Iran’s response to a US peace proposal over the weekend, even as a rare transit by an LNG carrier offered a glimmer of hope that the Strait of Hormuz is not entirely sealed. “I have just read the response from Iran’s …
https://splash247.com/one-lng-transit-zero-breakthrough-in-hormuz-crisis/
https://splash247.com/one-lng-transit-zero-breakthrough-in-hormuz-crisis/