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Arne Blystad-backed Songa Box has gone to the Saverys family to expand. Alphaliner is reporting Songa Box has bought two 2,592 teu class ships from Compagnie Maritime Berge (CMB), the Santa Marta Express and the Puerto Limon Express, paying around $46m for the pair, which are currently on charter to Hapag-Lloyd. The ships were built …
https://splash247.com/blystads-songa-box-acquires-two-ships-from-cmb/
https://splash247.com/blystads-songa-box-acquires-two-ships-from-cmb/Folk Maritime, a recently established Saudi liner, is being linked to its first vessel purchase. Previously using chartered in tonnage for its three services, brokers now report Folk Maritime has bought the 2023-built Vega Daytona from Germany’s Vega Rederei, paying $33m for the 1,868 teu ship that delivered last year from Zhejiang Yangfan in China. …
https://splash247.com/new-saudi-liner-buys-first-vessel/
https://splash247.com/new-saudi-liner-buys-first-vessel/The application of wind-assisted propulsion systems (WAPSs) across a variety of vessel types is nearing a “tipping point” with deployment likely to increase rapidly, according to a new study from Lloyd’s Register. The British classification society is warning however that the lack of standardisation for verifying fuel savings and concerns about equipment availability need to …
https://splash247.com/wind-assisted-propulsion-nears-tipping-point-for-rapid-adoption/
https://splash247.com/wind-assisted-propulsion-nears-tipping-point-for-rapid-adoption/George Economou has launched a lawsuit in the high court of the Marshall Islands against directors and insiders of US-listed tanker owner Performance Shipping after his case was dismissed in the US. Last October, the Greek shipping magnate, who owns more than 100 vessels, sued Performance’s top executives in the New York Supreme Court, claiming …
Argentine authorities have quarantined a dry bulk vessel in the Parana River over a suspected case of mpox onboard. The ship was near the port of Rosario when it alerted authorities that “one of its crew members of Indian nationality showed cyst-like skin lesions predominantly on the chest and face,” the health ministry said in …
https://splash247.com/bulk-carrier-crew-quarantined-in-argentina-over-suspected-mpox-case/
https://splash247.com/bulk-carrier-crew-quarantined-in-argentina-over-suspected-mpox-case/Japanese shipping giant Mitsui OSK Lines (MOL) has increased its stake in fellow floating production storage and offloading (FPSO) specialist Modec, becoming its largest shareholder. MOL, which has been focusing on expanding its non-shipping business, including offshore, as part of its “BLUE ACTION 2035” scheme, said the move would make Modec its equity-method affiliate. The …
https://splash247.com/mol-becomes-top-shareholder-in-fpso-expert-modec/
https://splash247.com/mol-becomes-top-shareholder-in-fpso-expert-modec/Foreign owners are beginning to get anxious into the impending conclusions of the US probe into Chinese shipbuilding, aware that some of the possible recommendations could be highly punitive. The US Trade Representative (USTR) launched an investigation into China’s shipbuilding practices this April, with the Biden administration reacting to unions and bipartisan calls to clamp …
https://splash247.com/results-from-us-probe-into-chinese-shipbuilding-expected-soon/
https://splash247.com/results-from-us-probe-into-chinese-shipbuilding-expected-soon/Oslo-listed seismic data specialist TGS has won an extension of an ocean bottom node (OBN) data acquisition contract in the Gulf of Mexico. TGS, which is set to merge with compatriot offshore seismic acquisition specialist and vessels player PGS, said that the extension to an existing deal was for four months and that it would build …
https://splash247.com/tgs-wins-obn-contract-extension-in-gulf-of-mexico/
https://splash247.com/tgs-wins-obn-contract-extension-in-gulf-of-mexico/Saudi Arabia’s flagship line Bahri has snapped up nine very large crude carriers from Evangelos Marinakis-controlled Capital Maritime & Trading. The company said in a Tadawul filing Tuesday it would be paying about $1bn in total for the scrubber-fitted ships delivering by the end of the first quarter of 2025. The deal will be financed …
https://splash247.com/bahri-splashes-1bn-on-nine-marinakis-vlccs/
https://splash247.com/bahri-splashes-1bn-on-nine-marinakis-vlccs/Divers scoured the wreck of a luxury yacht off Sicily's coast on Tuesday to find six missing people, including British tech entrepreneur Mike Lynch and a Morgan Stanley executive, following an intense storm that sank the vessel on Monday.The British-flagged Bayesian…
https://www.marinelink.com/news/mike-lynch-morgan-stanley-chief-focus-516135
https://www.marinelink.com/news/mike-lynch-morgan-stanley-chief-focus-516135