ShipOracle News
A mother and son will have to pay more than £2,000 for obstructing the work of the U.K.'s Maritime and Coastguard Agency (MCA).On March 3, 2022, Rhys Wonnacott, of Milford Haven, prevented MCA surveyors boarding the fishing vessel Provider, moored at Milford Haven Harbour.
https://www.marinelink.com/news/mother-son-pay-obstructing-uk-coastguard-513410
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Hawai‘i’s interisland freight company Young Brothers has become the first marine transportation company in the Unites States to install an innovative mooring system designed to improve safety and efficiency.The new $1.5 million ShoreTension…
https://www.marinelink.com/news/young-brothers-first-us-innovative-513419
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ShipOracle News
Market participants in the East Coast South America region maintained a slightly bearish tone for the Atlantic Panamax dry bulk market amid concerns on deteriorating fundamentals, citing an oversupply of ships despite a healthy cargo book extending through May. The ECSA region is a crucial support pillar within the Atlantic Panamax dry bulk market during ...
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ShipOracle News
The Baltic Exchange’s dry bulk sea freight index rose to more than a week high on Thursday, supported by gains in the larger vessel segment. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, added 86 points or 5.1% to 1,774, hitting its highest level since April 23. The capesize ...
https://www.hellenicshippingnews.com/baltic-index-hits-over-one-week-high-on-capesize-strength/
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Singapore-based Yinson Production has agreed a limited recourse term loan facility of up to $1.3bn for the pre- and post-delivery financing of the Agogo FPSO. The financing is provided by a consortium of 13 lenders, including international banks and institutional investors, and will be utilised during the construction of the FPSO. The financing comprises three …
https://splash247.com/yinson-production-closes-1-3bn-financing-for-agogo-fpso/
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Norway’s Solstad Offshore has won several deals in the offshore energy market with a combined duration of around 600 days, including mobilization and demobilization, valued at NOK 800m ($72.1m). The Normand Baltic CSV will be busy in the offshore wind market in Asia. It was awarded a minimum 70-day firm contract for cable repair support …
https://splash247.com/solstad-offshore-wins-new-deals-for-four-vessels-worth-72m/
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ShipOracle News
Shipping tycoon John Fredriksen has become the top investor in offshore wind vessel owner Edda Wind after Norwegian shipowner Østensjø sold all its shares in the company for NOK 521.8m ($47m). Following the transaction, Østensjø – which held shares through its subsidiary Østensjø Wind – does not hold any shares or rights to shares in …
https://splash247.com/fredriksen-becomes-top-investor-in-edda-wind/
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The Subsea Integration Alliance, a non-incorporated tie-up between Subsea 7 and SLB’s OneSubsea, has inked a new long-term collaboration agreement with Norways energy giant Equinor. According to the companies, the new agreement enables early information sharing and other collaborative benefits critical to unlocking subsea projects by making them economically viable. This will also enable the …
https://splash247.com/equinor-taps-subsea-7-and-one-subsea-for-work-on-wisting-bay-du-nord-projects/
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The United States has placed sanctions on more than 280 individuals and entities linked to Russia with four of them being shipping companies working on the Arctic LNG 2 project. With this massive-scale sanction wave, the US targeted Russia’s future energy, metals, mining, and export capacity as well as sanctions evasion and circumvention – all …
https://splash247.com/us-sanctions-four-shipping-firms-among-nearly-300-suppliers-linked-to-russia/
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ShipOracle News
Commodities trader Trafigura has placed an order to HD Hyundai Mipo Dockyard for the construction of four Medium Gas Carriers (MGC) that will be capable of using low-carbon ammonia as a propulsion fuel.The vessels will carry LPG or ammonia will be built at HD Hyundai Mipo Dockyard in Ulsan…
https://www.marinelink.com/news/trafigura-orders-four-dualfuel-513387
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