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George Economou-controlled TMS Cardiff Gas has returned to South Korea for another LNG carrier order, booking two newbuildings at Samsung Heavy Industries as the Greek owner continues one of the sector’s busiest fleet expansion drives. The yard disclosed a contract worth KRW 750.5bn ($505.6m) for two LNG carriers, putting the price at about $252m per …
https://splash247.com/economou-bolsters-gas-shipping-unit-with-samsung-heavy-newbuilds/
https://splash247.com/economou-bolsters-gas-shipping-unit-with-samsung-heavy-newbuilds/Every extra mile and every idle hour in port is a ‘carbon tax’ that a vessel pays with its annual rating. While the industry focuses on engine efficiency, the real battle for the CII rating is won or lost in the chartering office, where the ship’s trajectory is decided long before the engine starts, writes …
https://splash247.com/why-flawless-steering-cannot-save-a-wrong-course/
https://splash247.com/why-flawless-steering-cannot-save-a-wrong-course/Seven large LNG carriers built between 2005 and 2006 have changed hands since the disruption in the Strait of Hormuz tightened global LNG availability, driving prices higher and forcing Asian buyers to seek alternative supply sources. The buyer behind one of the latest sales has now emerged. Chinese-linked Rising Universe Shipping, managed by Dongtinghu Shipping, …
https://splash247.com/20-year-old-lng-vessels-become-hot-property/
https://splash247.com/20-year-old-lng-vessels-become-hot-property/There was no sign of a shipping breakthrough in Hormuz this week. If anything, the strait became more dangerous and closed. Donald Trump has been discussing his war with Iran with Xi Jinping while on a state visit to Beijing. Federal prosecutors filed criminal charges this week against Singapore-based shipmanager Synergy Marine over the 2024 …
https://splash247.com/splash-wrap-iran-tightens-its-control-of-hormuz/
https://splash247.com/splash-wrap-iran-tightens-its-control-of-hormuz/Coal’s obituary may have been written too early. That was the unmistakable conclusion from last month’s coal session at Geneva Dry, where shipowners, analysts and operators argued that the escalating Hormuz crisis has radically altered the outlook for seaborne coal and, with it, dry bulk shipping demand. Moderated by Benjamin Wilkes, COO of d’Amico Dry, …
https://splash247.com/coal-is-no-longer-a-dirty-word-but-an-energy-security-asset/
https://splash247.com/coal-is-no-longer-a-dirty-word-but-an-energy-security-asset/The Australian Renewable Energy Agency (ARENA) has announced the shortlisted projects for Round 2 of the Hydrogen Headstart Program, marking a major step forward in scaling Australia’s renewable hydrogen industry. The projects selected to progress…
https://www.marinelink.com/news/australia-shortlists-renewable-hydrogen-539231
https://www.marinelink.com/news/australia-shortlists-renewable-hydrogen-539231The substructures for fixed offshore wind turbines weigh thousands of tonnes. Only about five vessels in the world can lift that much weight. So now researchers are testing an alternative: an unusually wide barge.Using experience gained from the oil and gas industry…
https://www.marinelink.com/news/wide-barge-reduce-crane-needs-turbine-539232
https://www.marinelink.com/news/wide-barge-reduce-crane-needs-turbine-539232FarSounder has expanded the capabilities of its Argos Forward Looking Navigation Sonar (FLS) with an integration with Tocaro Blue’s ProteusCore™ software.This new integration brings AI-powered radar perception to FarSounder’s SonaSoft™ LT navigation software…
https://www.marinelink.com/news/ai-technology-boosts-farsounder-539233
https://www.marinelink.com/news/ai-technology-boosts-farsounder-539233Palaemon Maritime’s maritime security report this week points to some of the clearest indicators yet that piracy activity off Somalia is escalating again.“Taken alone, these incidents might appear isolated. Taken together, they point to something…
https://www.marinelink.com/news/somali-piracy-rise-539235
https://www.marinelink.com/news/somali-piracy-rise-539235Oil prices rose Friday as market concerns persisted over ship attacks and seizures despite Iran saying about 30 vessels had passed through the Strait of Hormuz, while the U.S. and Chinese presidents were set for a second day of talks in Beijing.Brent crude oil futures LCOc1 rose 60 cents…
https://www.marinelink.com/news/oil-prices-rise-amid-fears-ship-attacks-539237
https://www.marinelink.com/news/oil-prices-rise-amid-fears-ship-attacks-539237