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Cadeler has signed firm contracts with COSCO Shipping Offshore shipyard in Qidong, China, for the construction of two new T-class offshore wind installation vessels, scheduled for delivery in 2030 and 2031.The new T-class series vessels have…
https://www.marinelink.com/news/cadeler-orders-offshore-wind-installation-541928
https://www.marinelink.com/news/cadeler-orders-offshore-wind-installation-541928Greek bulker owner Diana Shipping has secured an 18% rate increase for its capesize Florida in a new charter with Japan’s NYK. The 2022-built, 182,063 dwt vessel will earn $30,500 per day, minus a 5% commission, for between 32 and 35.5 months. The charter is expected to start during the second quarter of 2027 and …
https://splash247.com/diana-adds-to-rate-gains-with-new-capesize-fixture/
https://splash247.com/diana-adds-to-rate-gains-with-new-capesize-fixture/Castor Maritime has moved its kamsarmax Magic Starlight into a Fearnley-arranged joint venture, taking $18.75m in cash while retaining a 30% interest in the vessel. The Nasdaq-listed owner established the vehicle with third-party investors brought together by Fearnley Securities. The transaction closed this month with the delivery of the 2015-built bulker to the venture. The …
https://splash247.com/castor-shifts-kamsarmax-into-fearnley-backed-venture/
https://splash247.com/castor-shifts-kamsarmax-into-fearnley-backed-venture/Maersk has agreed to sell Maersk Training and its subsidiary Maersk H2S Safety Services to US private equity firm OpenGate Capital. Financial terms were not disclosed. The transaction remains subject to regulatory approvals and customary closing conditions, with completion expected later this year. Maersk Training will continue to operate as part of the Danish shipping …
https://splash247.com/maersk-sells-training-arm-to-opengate/
https://splash247.com/maersk-sells-training-arm-to-opengate/Brookfield has taken indirect control of a 19.86% stake in Danish product tanker owner Torm following the Canadian investment group’s full acquisition of Oaktree. Torm said Oaktree no longer indirectly held any shares or voting rights in the company as of end-July. Brookfield Corporation has instead become the ultimate controlling shareholder of OCM Njord Holdings, …
https://splash247.com/brookfield-inherits-major-torm-stake/
https://splash247.com/brookfield-inherits-major-torm-stake/Bing Chen-led Seaspan Corporation has become the first international shipowner and operator to access China’s domestic panda bond market, raising RMB1.5bn ($209m) through a three-year private placement. The bond was issued with a coupon of 2.5% and attracted strong demand from both Chinese onshore and international investors. The orderbook was 2.3 times covered. The transaction …
https://splash247.com/seaspan-becomes-first-international-shipowner-to-tap-panda-bond-market/
https://splash247.com/seaspan-becomes-first-international-shipowner-to-tap-panda-bond-market/Yangzijiang Maritime Development has agreed to sell four newbuild bulkers, taking the Singapore-listed company’s contracted vessel sales to $500m across 12 ships in nine months. The latest 40,000 dwt quartet is scheduled for delivery between April 2027 and May 2028. Yangzijiang Maritime did not disclose the buyer or the value of the latest contracts. The …
https://splash247.com/yangzijiang-maritime-takes-vessel-sales-to-500m-with-bulker-quartet/
https://splash247.com/yangzijiang-maritime-takes-vessel-sales-to-500m-with-bulker-quartet/Russian forces repeatedly struck a German-owned bulk carrier off Odesa this week, including an attack as its crew was abandoning ship. The Liberian-flagged, 175,000 dwt Emil, linked to Hamburg-based Johann M. K. Blumenthal, was hit by several Russian drones on August 5 around 21 nautical miles from Odesa. Technical systems were disabled, a fire broke …
https://splash247.com/german-bulker-hit-repeatedly-in-russian-drone-attack/
https://splash247.com/german-bulker-hit-repeatedly-in-russian-drone-attack/Abu Dhabi-listed ADNOC Logistics & Services has put $1.3bn to work on an 11-ship buying spree, picking up six VLCCs and five VLGCs through secondhand and newbuild resale deals. Nine ships – all six VLCCs and three VLGCs – have been acquired on the secondhand market and are due for delivery in the third quarter. …
https://splash247.com/adnoc-ls-makes-1-3bn-vlcc-and-vlgc-swoop/
https://splash247.com/adnoc-ls-makes-1-3bn-vlcc-and-vlgc-swoop/Japanese insurer Sompo Japan has launched what it claims is the shipping industry’s first insurance coverage specifically targeting economic losses caused by radio interference with ship navigation systems. The new cover, available from this month, compensates owners when interference with satellite positioning systems leaves a vessel unable to operate even though the ship has suffered …
https://splash247.com/sompo-moves-to-close-gps-jamming-insurance-gap/
https://splash247.com/sompo-moves-to-close-gps-jamming-insurance-gap/