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Shipowners in all sectors face the same decision: build new or refurbish older tonnage. In the booming cruise sector the decision is more pressing, particularly as new construction ships can take two to three years to build, perhaps longer today…
https://www.marinelink.com/news/cruise-vessel-ms-amera-gets-a-new-lease-516063
https://www.marinelink.com/news/cruise-vessel-ms-amera-gets-a-new-lease-516063Harland & Wolff will not be able to finalize its accounts for 2023 on a going concern basis and has suspended work to complete its unpublished accounts, as it seeks out options to stay afloat.Shares of the firm, which built the Titanic more than a century ago…
https://www.marinelink.com/news/shipbuilder-harland-wolff-survive-516038
https://www.marinelink.com/news/shipbuilder-harland-wolff-survive-516038China Merchants Energy Shipping Co Ltd will purchase 10 tankers in total from Dalian Shipbuilding for a total of $921m. Of the 10, five of the ships will be VLCCs; five will be Aframax takers.
https://www.marinelink.com/news/china-merchants-buy-tanker-vessels-dalian-516053
https://www.marinelink.com/news/china-merchants-buy-tanker-vessels-dalian-516053Bardex completed its phase of floating production system (FPS) for the Shenandoah project: delivering its Off Vessel Tensioning (OVT) BarLatch mooring system. When installed, the FPS will be located in the deepwater Gulf of Mexico at more than 1800 m water depth.
https://www.marinelink.com/news/gom-floating-production-vessel-gets-516057
https://www.marinelink.com/news/gom-floating-production-vessel-gets-516057The Papenburg-based shipbuilder Meyer Werft could be on its way to being taken over by the state of Lower Saxony and the German government to avoid going under. The situation in the shipyard, founded in 1795 and led by seven generations of the Meyer family, is a difficult one. The company needs money by September …
https://splash247.com/meyer-werft-looks-for-government-lifeline/
https://splash247.com/meyer-werft-looks-for-government-lifeline/The US has imposed further sanctions aimed at shipping operations linked to Houthi and Hezbollah trade networks. The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) said it targeted several companies, individuals and vessels accused of being involved in the shipment of Iranian commodities to Yemen and the United Arab Emirates on …
https://splash247.com/us-targets-houthi-and-hezbollah-linked-shipping-network/
https://splash247.com/us-targets-houthi-and-hezbollah-linked-shipping-network/Good profit taking on one side and the chance to build market share on the other. Overall, analyst coverage of yesterday’s mega gas shipping deal between John Fredriksen-backed Avance Gas and Andreas Sohmen-Pao-controlled BW LPG has been positive. The dual-listed unit of Singapore’s BW Group will be taking over 12 ships built between 2015 and …
https://splash247.com/industry-reacts-to-sohmen-paos-avance-gas-deal/
https://splash247.com/industry-reacts-to-sohmen-paos-avance-gas-deal/Oman's Salalah port reported a 16% decline in container volumes in the first half of the year as ships reroute around the southern tip of Africa to avoid missile and drone attacks in the Red Sea.The port, which is Oman's closest to the border with Yemen…
https://www.marinelink.com/news/red-sea-crisis-impacts-omans-salalah-port-516032
https://www.marinelink.com/news/red-sea-crisis-impacts-omans-salalah-port-516032I moved to the United States in 1976. It was an interesting time because the United States had recently enacted laws that were intended to improve the country’s air, water, and wild life.Instead of specific archaic environmental laws that, for example…
https://www.marinelink.com/news/years-air-water-wild-life-quality-516034
https://www.marinelink.com/news/years-air-water-wild-life-quality-516034Bangladesh's Summit LNG expects to complete repositioning and reconnecting work on its floating storage and regasification unit (FSRU) by August-end, it said, assuming favourable weather and sea conditions.Ship-to-ship transfer operations at its FSRU…
https://www.marinelink.com/news/bangladesh-fsru-expected-resume-ops-516035
https://www.marinelink.com/news/bangladesh-fsru-expected-resume-ops-516035