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South Korean owner Pan Ocean has secured long-term employment for four very large crude carrier newbuildings tied to its latest tanker expansion. The Harim Group-controlled company disclosed in a stock exchange filing that it has signed a 20-year crude transport contract with SK Energy and SK Incheon Petrochem worth about $1.62bn. The deal will see …
https://splash247.com/pan-ocean-fixes-vlcc-newbuilds-in-1-62bn-deal/
https://splash247.com/pan-ocean-fixes-vlcc-newbuilds-in-1-62bn-deal/Four liquefied natural gas tankers controlled by Qatar headed into the Strait of Hormuz on Monday, despite a fall in ship traffic after Iran announced that it had again closed the waterway over the weekend, shipping data showed.The tankers - Wadi Al Sail…
https://www.marinelink.com/news/qatari-lng-carriers-reenter-hormuz-540500
https://www.marinelink.com/news/qatari-lng-carriers-reenter-hormuz-540500Australian mining company Fortescue has signed an agreement with Belgian shipping and cleantech group CMB.TECH to charter up to 12 ammonia-capable bulk carriers, stepping up efforts to decarbonize maritime transport and support the development of green ammonia as a marine fuel.Under the agreement…
https://www.marinelink.com/news/fortescue-charters-ammoniacapable-bulkers-540502
https://www.marinelink.com/news/fortescue-charters-ammoniacapable-bulkers-540502Vessel electrification is no longer a future concept for offshore wind and policy and regulatory alignment is now the main barrier to uptake, a cross-industry panel hosted by Bibby Marine told an audience during Global Offshore Wind on Wednesday.Speakers from RenewableUK…
https://www.marinelink.com/news/industry-leaders-regulation-main-barrier-540510
https://www.marinelink.com/news/industry-leaders-regulation-main-barrier-540510A mismatch in contract terms has led to a $110,000 settlement against a shipbroker, highlighting the risks brokers face when fixtures are not clearly aligned on a back-to-back basis when fixing charter parties.According to International Transport Intermediaries Club (ITIC)…
https://www.marinelink.com/news/misaligned-charter-terms-amounts-540511
https://www.marinelink.com/news/misaligned-charter-terms-amounts-540511OCIMF announced the appointment of Don Davis as its new Managing Director. Don joins the organisation at a pivotal moment, as OCIMF enters a new phase following the recent evolution of its mission and brand to support maritime safety across…
https://www.marinelink.com/news/don-davis-appointed-new-managing-director-540512
https://www.marinelink.com/news/don-davis-appointed-new-managing-director-540512Shareholders of offshore drilling contractor Vantage Drilling have given their blessing to the proposed merger with Neil Hall-led Eldorado Drilling. During a special general meeting held last week, the shareholders approved the proposed merger under which Vantage will become a wholly owned subsidiary of Eldorado Drilling. The surviving company’s name will remain Vantage Drilling International …
https://splash247.com/vantage-drilling-merger-with-eldorado-clears-shareholder-vote/
https://splash247.com/vantage-drilling-merger-with-eldorado-clears-shareholder-vote/South Korea’s Hanwha Ocean has signed a non-binding memorandum of understanding with Kanata Clean Power & Climate Technologies to explore cooperation on the proposed Kanata FLNG project in Prince Rupert, British Columbia. The planned FLNG export project is expected to have a capacity of up to 12m tonnes per year, with Kanata estimating total capital expenditure …
https://splash247.com/hanwha-ocean-signs-up-for-15-7bn-canadian-flng-project/
https://splash247.com/hanwha-ocean-signs-up-for-15-7bn-canadian-flng-project/A Turkish-owned dry bulk vessel sailing under the Panamanian flag was struck by a drone in the Black Sea on Monday, highlighting the continuing dangers facing commercial shipping as the conflict between Russia and Ukraine intensifies once again. The Victress caught fire after being hit by what Ukrainian authorities described as an enemy unmanned aerial …
https://splash247.com/black-sea-tensions-escalate-as-bulker-hit-and-ports-burn/
https://splash247.com/black-sea-tensions-escalate-as-bulker-hit-and-ports-burn/Lila Global appears to be closing in on a striking 68% gain from the sale of the scrubber-fitted Lila Kochi. Sales talk surrounds the 2008-built, 314,000 dwt Kawasaki-built VLCC, with several broking reports linking the ship to a deal at around $79m to undisclosed interests. With rates in the Arabian Gulf running at sky-high levels, speculation …
https://splash247.com/lila-global-books-68-paper-gain-on-vlcc/
https://splash247.com/lila-global-books-68-paper-gain-on-vlcc/