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Oslo-listed SED Energy Holdings and Ventura Offshore have signed a letter of intent (LOI) for an all-share combination between the two companies. Energy Holdings will acquire 100% of Ventura Offshore’s outstanding shares, with Ventura Offshore shareholders receiving new ordinary shares in Energy Holdings as consideration. Based on the closing price of Energy Holdings’ shares on …
https://splash247.com/energy-holdings-moves-to-acquire-ventura-offshore/
https://splash247.com/energy-holdings-moves-to-acquire-ventura-offshore/The tanker sale that has dominated market chatter this month has finally taken shape, with Dubai-based trading house Onex DMCC linked to an extraordinary $200m purchase of a near-new VLCC from George Procopiou’s Dynacom Tankers. VesselsValue’s latest sales register identifies the ship as the 306,000 dwt Pinios, built this year at China’s Hengli Heavy Industries. …
https://splash247.com/onex-linked-to-record-200m-vlcc-deal/
https://splash247.com/onex-linked-to-record-200m-vlcc-deal/Yemen’s Houthis have seized the strategic Red Sea port city of Mokha, bringing the Iran-backed group to within around 80 km of the Bab al-Mandab Strait. The capture was confirmed by Houthi and Yemeni officials, with pro-government forces withdrawing south towards Dhubab. Mokha’s fall gives the Houthis greater control over Yemen’s western coastline and potentially …
https://splash247.com/houthis-advance-towards-bab-al-mandab-with-capture-of-mokha/
https://splash247.com/houthis-advance-towards-bab-al-mandab-with-capture-of-mokha/25 years on from the day the towers fell in New York, Punit Oza provides Splash readers with the big picture on how the aftershocks still move through every port, every charter party, and every sea lane on Earth. On the morning of September 11, 2001, 19 men armed with box cutters brought down two …
https://splash247.com/how-9-11-redrew-the-map-of-global-trade/
https://splash247.com/how-9-11-redrew-the-map-of-global-trade/The threat from drifting drones and unexploded ordnance in the Black Sea has escalated sharply, with discoveries along NATO’s eastern coastline jumping 208% in just six months, according to a new assessment from maritime security specialist Ambrey. Ambrey recorded 91 discoveries of unexploded ordnance, unmanned aerial vehicles and unmanned surface vessels across the Black Sea …
https://splash247.com/black-sea-drifting-drone-threat-surges-208-in-six-months/
https://splash247.com/black-sea-drifting-drone-threat-surges-208-in-six-months/The World Shipping Council (WSC), liner shipping’s lobby group, is pressing governments to close what it describes as a dangerous loophole that allows containers packed with thousands of lithium batteries to move as ordinary cargo without carriers being told of the risk. The issue centres on Special Provision 188 of the International Maritime Dangerous Goods …
https://splash247.com/world-shipping-council-urges-imo-to-close-lithium-battery-cargo-loophole/
https://splash247.com/world-shipping-council-urges-imo-to-close-lithium-battery-cargo-loophole/A Greek-managed cargo ship was boarded by suspected pirates off Yemen on Thursday in the latest sign of a sharp revival in piracy across the Gulf of Aden and western Indian Ocean. Initial reports from the Maritime Security Centre Indian Ocean described the incident as a hijacking, but subsequent UK Maritime Trade Operations updates indicate …
https://splash247.com/pirates-board-ship-off-yemen/
https://splash247.com/pirates-board-ship-off-yemen/Shipping has always made money from risk. This week provided a particularly brutal demonstration of how quickly that risk can be repriced. The Strait of Hormuz dominated again, with the US-Iran conflict descending into an increasingly literal tanker-for-tanker war. Washington attacked Iranian tonnage, Tehran claimed strikes on merchant ships and this week registered the greatest …
https://splash247.com/splash-wrap-the-risk-premium/
https://splash247.com/splash-wrap-the-risk-premium/Shipping’s digital ambitions are accelerating faster than the structures beneath them. The industry largely agrees on the need for open standards, but adoption remains constrained by proprietary interests, regulatory fragmentation and the absence of firm mandates. The latest chapter from SplashTech’s new magazine. Shipping is no longer digitising in a regulatory vacuum, but the rules …
https://splash247.com/the-common-language-shipping-still-lacks/
https://splash247.com/the-common-language-shipping-still-lacks/The Baltic Exchange’s dry bulk freight index, which tracks rates for ships carrying dry bulk commodities, snapped a two-day winning streak on Thursday, dropping about 2.7% to a one-week low of 3,521 points. Weaker rates across larger segments were behind the decline. The capesize index, which typically transports 150,000-ton cargoes including iron ore and coal, ...
https://www.hellenicshippingnews.com/baltic-dry-index-breaks-2-day-advance/
https://www.hellenicshippingnews.com/baltic-dry-index-breaks-2-day-advance/