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Thai dry bulk owner Precious Shipping has expanded its move into the tanker market through its Malaysian joint venture, acquiring d’Amico International Shipping’s oldest vessel. The Bangkok-listed company said associate company Nusantara Maritime, in which Precious Shipping holds a 45% stake through a Singapore subsidiary, has agreed to acquire the 2012-built MR tanker High Tide …
https://splash247.com/precious-shipping-tanker-venture-takes-damicos-oldest-mr/
https://splash247.com/precious-shipping-tanker-venture-takes-damicos-oldest-mr/The battle for control of the bulker owner Genco Shipping & Trading took another turn after the company’s board firmly rejected Greek rival Diana Shipping’s hostile tender offer and urged shareholders not to hand over their shares. The latest rejection marks the second time in two months that Genco has rebuffed the $23.50-per-share offer from …
https://splash247.com/dianas-hostile-push-hits-fresh-wall-at-genco/
https://splash247.com/dianas-hostile-push-hits-fresh-wall-at-genco/Singapore-listed Marco Polo Marine is moving to spin off and separately list its shipyard business through a proposed reverse takeover deal valued at up to S$139m ($108.5m). The regional offshore and marine logistics player said it had signed a binding term sheet with Fuji Offset Plates Manufacturing for the sale of its shipyard subsidiaries Marco …
https://splash247.com/marco-polo-marine-to-spin-off-shipyard-arm-in-108m-reverse-takeover/
https://splash247.com/marco-polo-marine-to-spin-off-shipyard-arm-in-108m-reverse-takeover/Gas shipowner Seapeak has expanded its LNG carrier orderbook with a fresh trio of newbuildings in South Korea, while simultaneously locking in long-term employment for the vessels. The company disclosed in its latest quarterly earnings report that it had signed contracts in May for three 174,000 cu m dual-fuel X-DF LNG carriers at Samsung Heavy …
https://splash247.com/seapeak-grows-lng-orderbook-with-756m-samsung-heavy-trio/
https://splash247.com/seapeak-grows-lng-orderbook-with-756m-samsung-heavy-trio/Greek owner JHI Steamship has expanded its growing newbuilding programme with an LR2 tanker order at Japan’s Imabari Shipbuilding. The Athens-based company has contracted a 115,000 dwt scrubber-fitted unit at Imabari’s Marugame yard for delivery in 2028. Financial details of the deal have not been disclosed. The latest contract adds to a steadily growing orderbook …
https://splash247.com/jhi-steamship-continues-fleet-push-with-japanese-lr2-newbuild/
https://splash247.com/jhi-steamship-continues-fleet-push-with-japanese-lr2-newbuild/Capesize The market enjoyed a convincingly firmer week overall, with sentiment steadily improving across both basins as reduced vessel availability and sustained cargo flow gradually shifted the balance back in owners’ favour. While the Pacific opened in a relatively stable and subdued manner, consistent miner presence on C5 throughout the week provided an important underlying ...
https://www.hellenicshippingnews.com/dry-bulk-market-capesize-market-on-the-rise-2/
https://www.hellenicshippingnews.com/dry-bulk-market-capesize-market-on-the-rise-2/A Greek-operated tanker sailed from the Gulf to India on Friday after crossing the Strait of Hormuz in one of the few crude sailings through the waterway this week, ship tracking data showed on Friday.The U.S.-Israeli war on Iran has led to the effective closure of the strait…
https://www.marinelink.com/news/greekoperated-tanker-crosses-strait-539267
https://www.marinelink.com/news/greekoperated-tanker-crosses-strait-539267Oil prices gained more than 3% on Friday, climbing more than $3 a barrel, after comments by U.S. President Donald Trump and Iran's foreign minister further dented hopes of a deal to end ship attacks and seizures around the Strait of Hormuz.Brent crude futures gained $3.35…
https://www.marinelink.com/news/oil-prices-rise-usiran-talks-dent-hopes-539268
https://www.marinelink.com/news/oil-prices-rise-usiran-talks-dent-hopes-539268As part of National Welding Month in April, ESAB awarded $5,000 to support welding programs at Princeton High School and Lovelady High School, part of the Princeton Independent School District, through its ESAB Future Fabricators Charlie Monschke Welding Education Grant.
https://www.marinelink.com/news/esab-awards-welding-grant-two-texas-high-539271
https://www.marinelink.com/news/esab-awards-welding-grant-two-texas-high-539271Norwegian gas carrier owner Awilco LNG is looking to rebrand following the departure of long-serving chief executive Jon Skule Storheill. The Oslo-listed LNG shipping company said only several days ago that Storheill and the board had agreed the company should enter its next phase under new leadership, ending a run dating back to Awilco LNG’s …
https://splash247.com/norwegian-lng-owner-proposes-name-change/
https://splash247.com/norwegian-lng-owner-proposes-name-change/