Access cargoes, ship positions, ships and parts for sale, news, events and jobs
Captain Pradeep Chalwa, CEO and Founder of MarinePALS, writes on a key issue being discussed right now at the International Maritime Organization. Over the years, the industry’s safety record has improved significantly. We have made major advances in technology and equipment, from GMDSS, ECDIS, ENC to satellite communications, AIS, EPIRBs We have introduced new regulations …
https://splash247.com/when-safe-manning-isnt-safe/
https://splash247.com/when-safe-manning-isnt-safe/Italian product tanker owner d’Amico International Shipping (DIS) has increased its forward charter coverage after fixing several vessels at what it described as very profitable rates. The Milan-listed company said its operating arm, d’Amico Tankers, has signed a series of new contracts and extensions since the start of the year. One MR1 tanker had its …
https://splash247.com/damico-boosts-charter-cover-with-fresh-tanker-deals/
https://splash247.com/damico-boosts-charter-cover-with-fresh-tanker-deals/Belgian shipowner CMB.TECH has secured a series of long-term bulker charters that have helped lift its contract backlog to more than $3bn. The Antwerp-based group controlled by the Saverys family has fixed five capesize bulkers on five-year charters, with the contracts due to begin in the coming months. The vessels include the 2014-built Mineral Ajisai …
https://splash247.com/cmb-tech-seals-five-year-capesize-charters/
https://splash247.com/cmb-tech-seals-five-year-capesize-charters/Japanese shipping major Kawasaki Kisen Kaisha (K Line) is bringing its shipmanagement activities under a single structure through the creation of a new intermediate holding company. K Line Ship Management Holdings will begin operations on April 1, taking oversight of the group’s shipmanagement companies as the owner moves to strengthen in-house technical management. The Tokyo-based …
https://splash247.com/k-line-brings-shipmanagement-units-under-one-roof/
https://splash247.com/k-line-brings-shipmanagement-units-under-one-roof/Two powerhouses in global shipping are joining forces to develop ethanol-powered engines. Brazilian mining giant Vale and Everllence, the world’s top ship engine manufacturer, have signed a cooperation agreement regarding the development of ethanol as a marine fuel. Under the terms of the agreement, the companies will develop an advanced ethanol-powered engine – based on …
https://splash247.com/vale-and-everllence-to-work-on-ethanol-powered-engines/
https://splash247.com/vale-and-everllence-to-work-on-ethanol-powered-engines/With tensions high in the Middle East as US military forces threaten Iran, Washington’s Office of Foreign Assets Control (OFAC) has once again pressed the sanctions button, going after Tehran’s shadow fleet. “Iran exploits financial systems to sell illicit oil, launder the proceeds, procure components for its nuclear and conventional weapons programs, and support its …
https://splash247.com/us-sanctions-12-more-iranian-linked-vessels/
https://splash247.com/us-sanctions-12-more-iranian-linked-vessels/With the two-month countdown due this week, the third edition of Geneva Dry, the world’s premier commodities shipping conference, is selling tickets at a brisk pace as the dry bulk industry takes note of this year’s stellar line-up on stage. New confirmed speakers include Angad Banga, the newly minted CEO at Hong Kong’s Caravel Group, …
https://splash247.com/geneva-dry-adds-heavyweight-panelists-and-new-hard-talk-workshop/
https://splash247.com/geneva-dry-adds-heavyweight-panelists-and-new-hard-talk-workshop/In Chinese culture, 60 years signifies the beginning of a new life, symbolising the rebirth of a person or institution. It also represents five full cycles of the twelve Chinese zodiac signs. The year 2026 – the Year of the Fire Horse – marks the 60th anniversary since the launch of the Idemitsu Maru, the …
CMB Tech reported fourth-quarter core earnings above market expectations on Thursday as robust tanker and dry-bulk markets allowed the Belgian shipping group to lock in charter contracts and sell older ships at high prices.The tanker group said market conditions remain supportive into early 2026…
https://www.marinelink.com/news/cmb-tech-profit-boosted-freight-boom-high-536211
https://www.marinelink.com/news/cmb-tech-profit-boosted-freight-boom-high-536211Norwegian offshore vessel owner Eidesvik Offshore has secured a further contract extension from Aker BP for the platform supply vessel Viking Prince. The 2012-built PSV will remain on hire for about two more months, extending its current contract to the end of April. The latest award follows an extension agreed last November that kept the …
https://splash247.com/eidesvik-wins-psv-extension-from-aker-bp/
https://splash247.com/eidesvik-wins-psv-extension-from-aker-bp/