US-based maritime, logistics and energy solutions company Crowley has set up an offshore wind joint venture with Morgan Stanley Investment Management (MSIM). Investment funds managed by Morgan Stanley Infrastructure Partners, a private fund platform within (MSIM), will hold a majority stake in the newly created Crowley Wind Services, while Crowley will operate the business. The …
https://splash247.com/crowley-and-morgan-stanley-form-us-offshore-wind-joint-venture/
...See moreThe American Petroleum Institute (API), the state of Louisiana, and oil giant Chevron have sued the Biden administration over a decision to withdraw more than 6m acres from a Gulf of Mexico oil and gas lease sale to protect an endangered whale species. On Wednesday, the US Bureau of Ocean Energy Management (BOEM) announced that …
https://splash247.com/chevron-api-sue-biden-administration-over-changes-to-upcoming-lease-sale/
...See moreAustralia’s icebreaking research vessel is much wider than its intended design and is not able to safely turn and pass underneath Hobart’s Tasman Bridge and take on fuel on the other side. Reports from Guardian Australia claim that the vessel was denied permission to pass under the bridge due to safety concerns. The A$528m ($339m) …
https://splash247.com/ship-built-to-wrong-dimensions-causes-consternation-down-under/
...See moreChina Energy Shipping Investment (CESI), a joint venture between COSCO Shipping and Sinopec, is set to order three 175,000 cu m LNG carriers worth around $761m. In a regulatory filing, Sinopec said the Hong Kong-incorporated investment holding company, 51% owned by Shanghai Cosco Shipping LNG, a subsidiary of COSCO Shipping Energy Transportation and 49% owned …
https://splash247.com/cosco-and-sinopec-venture-readies-lng-carrier-orders/
...See moreAnother week, and more images of giant wind-assisted creations bolted on to decks of huge merchant ships. This week’s two most eye-catching wind-assisted ship propulsion developments come from France and Singapore. Starting in Europe, , the world’s first hybrid industrial cargo ship powered by wind (pictured above), now sports four Oceanwings – automated, collapsible and …
https://splash247.com/more-amazing-images-of-wind-assisted-ships-emerge/
...See moreLauritzen Bulkers has added to its fleet, taking full ownership of three ships. The Copenhagen-based handysize player announced the delivery of the 2017-built Asian Bulker and Australian Bulker and the 2015-built Iceland Bulker. All three cranefitted vessels joined the company’s fleet in August. VesselsValue data shows the company currently owns eight handies with an average …
https://splash247.com/lauritzen-bulkers-adds-three-handies/
...See moreTwo seafarers are feared dead after a general cargo ship capsized in Japanese waters having collided with a boxship. The accident happened just before midnight last night some 15 km off the coast of Wakayama prefecture to the south of Osaka. The 72.58 m long flipped over having come into contact with TS Lines-chartered 148 …
https://splash247.com/two-feared-dead-as-japanese-ship-capsizes-following-collision/
...See moreTomorrow marks 250 days to go until the inaugural Geneva Dry, the global dry bulk summit linking every rung in the commodities supply chain. The numbers speak for themselves in terms of how the dry bulk community has lapped up this unique event: 29 confirmed speakers, 22 sponsors, dozens of paid delegates, not forgetting one …
https://splash247.com/250-days-to-go-geneva-dry-by-numbers/
...See moreNicolas Saverys has opted to remain firm on his initial bid to take over Belgian gas shipowner and infrastructure provider Exmar, despite shareholders’ push for an increase in the price. After failing in its first bid, Saverys’ investment vehicle Saverex is maintaining its offer of €11.1 per Exmar share, which will be reopened this Monday, …
https://splash247.com/saverys-holds-firm-on-exmar-price-as-he-reopens-takeover-bid/
...See moreGlobal shipping bodies have been urged to come together to share transit plans at one of the world’s key maritime chokepoints with officials at the Panama Canal Authority warning yesterday that water-conserving measures will be in place for at least the next 10 months. Faced with an unprecedented drought this year, combined with the onset …