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Offshore accommodation vessel specialist Prosafe has won an extension from Ithaca Energy in the UK North Sea. Ithaca Energy exercised two weeks of options for the 1982-built and 2012-upgraded Safe Caledonia to continue providing accommodation support at the Captain field. The vessel will stay with the company until mid-December 2025. Ithaca has a further 10 …
https://splash247.com/ithaca-exercises-option-to-keep-prosafe-flotel-longer-at-uk-field/
https://splash247.com/ithaca-exercises-option-to-keep-prosafe-flotel-longer-at-uk-field/Indian engineering conglomerate Larsen & Toubro (L&T) has replaced Petrofac in the high-voltage direct-current (HVDC) offshore wind programme led by Germany’s transmission system operator TenneT. In partnership with Hitachi Energy, L&T will deliver HVDC converter stations for the project, which aims to accelerate the integration of large-scale renewable energy into the European power grid, particularly …
https://splash247.com/lt-steps-in-for-petrofac-on-tennets-2gw-offshore-wind-grid-projects/
https://splash247.com/lt-steps-in-for-petrofac-on-tennets-2gw-offshore-wind-grid-projects/Pierre Aury on how little the world listens to Brussels. The International Maritime Organization (IMO) just postponed by one year its vote on the final version of the rules to deal with the decarbonisation of shipping, rules referred to as the Net Zero Framework (NZF). Although we are flabbergasted that this postponement was obtained through, …
https://splash247.com/shipping-calls-time-on-eu-climate-overreach/
https://splash247.com/shipping-calls-time-on-eu-climate-overreach/Kongsberg Maritime, one of shipping’s tech leaders, is to be separated from Kongsberg Gruppen and become an independent, listed company. At the same time, Kongsberg Defence & Aerospace and Kongsberg Discovery will merge into one new listed company. Lisa Edvardsen Haugan will lead Kongsberg Maritime as president and CEO. She has been with Kongsberg since …
https://splash247.com/kongsberg-maritime-to-sail-solo-as-norwegian-group-splits-in-two/
https://splash247.com/kongsberg-maritime-to-sail-solo-as-norwegian-group-splits-in-two/Singapore-based dry bulk operator SeaTrek has entered a strategic partnership with Legasea, a fellow freight player backed by a private investment fund, to strengthen their position in the global dry bulk market. The tie-up brings together SeaTrek’s market experience and network with Legasea’s freight platform, creating a combined operation aimed at tackling volatile market conditions …
https://splash247.com/seatrek-joins-forces-with-legasea-to-expand-dry-bulk-business/
https://splash247.com/seatrek-joins-forces-with-legasea-to-expand-dry-bulk-business/Three shipping and shipmanagement companies within the Nippon Yusen Kaisha (NYK) empire —Asahi Shipping, Hachiuma Steamship and Mitsubishi Ore Transport – are to merge and integrate their business operations. NYK Bulkship Partners will be the name of the new company come April 1 next year. The new entity will have 21 owned vessels as well …
https://splash247.com/nyk-to-merge-trio-of-historic-shipowning-units-into-new-bulk-giant/
https://splash247.com/nyk-to-merge-trio-of-historic-shipowning-units-into-new-bulk-giant/At the 2025 Maritime CEO Forum in Monaco, panelists wrestle with a market awash in capital yet riddled with uncertainty, debating fleet strategy, funding, and whether the next generation should join the family business. From geopolitics to ageing fleets, from alternative finance to AI in shipping, the discussion at the Money & Ships panel at …
https://splash247.com/maritime-ceo-forum-monaco-masterclass-on-how-to-spend-it/
https://splash247.com/maritime-ceo-forum-monaco-masterclass-on-how-to-spend-it/COSCO has unveiled a sweeping $1.75bn newbuilding programme covering 29 ships, as the state-controlled group continues to refresh and expand its fleet across key sectors. The investment package includes 23 kamsarmax bulk carriers and six very large crude carriers (VLCCs), all to be built at domestic shipyards and scheduled for delivery between 2027 and 2028. …
https://splash247.com/cosco-unveils-1-75bn-shipbuilding-spree-for-29-new-vessels/
https://splash247.com/cosco-unveils-1-75bn-shipbuilding-spree-for-29-new-vessels/India’s ambitions to become a global maritime powerhouse have gained major momentum, with Dubai-based DP World and Danish group APM Terminals announcing fresh investments worth more than $7bn combined to expand port and logistics infrastructure across the country. The announcements, made during India Maritime Week 2025, underscore India’s growing pull for foreign port operators as …
https://splash247.com/india-nets-7bn-in-fresh-investment-from-dp-world-and-maersk/
https://splash247.com/india-nets-7bn-in-fresh-investment-from-dp-world-and-maersk/Donald Trump’s tour of Asia provided the biggest shipping news of the week. His meet-up with his Chinese counterpart, Xi Jinping, yesterday saw the tit-for-tat port fees shelved for a year, and panamaxes surging as China committed to resume buying large amounts of American grain. Trump’s earlier meetings this week with the leaders of Japan …
https://splash247.com/splash-wrap-deals-diplomacy-and-disruption/
https://splash247.com/splash-wrap-deals-diplomacy-and-disruption/