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Denmark’s Norden has continued its active run in the bulkers sale-and-purchase market, confirming the disposal of a supramax and the acquisition of a Japanese-built panamax. The Copenhagen-listed company is following through on its strategy of converting leased tonnage into owned assets and then reselling them for profit. The Jan Rindbo-led owner and operator said it …
https://splash247.com/norden-continues-asset-play-with-bulker-sale-and-purchase-moves/
https://splash247.com/norden-continues-asset-play-with-bulker-sale-and-purchase-moves/Greece’s Performance Shipping has secured a fresh time charter for one of its tankers, agreeing a year-long fixture with Pakistan National Shipping Corporation (PNSC). The 105,304 dwt LR2/aframax P Aliki has been fixed at a daily rate of $30,000 for a firm period of 12 months, with the PNSC holding an option to adjust by …
https://splash247.com/performance-shipping-tanker-heads-to-pakistan-under-year-long-charter/
https://splash247.com/performance-shipping-tanker-heads-to-pakistan-under-year-long-charter/SFL Q2 net income of $1.5 mln beats analyst expectations, per LSEG data Adjusted EBITDA of $104 mln misses analyst estimates, per LSEG dataCompany says sold older vessels, increasing capital but reducing near-term cash flow SFL lowers dividend to $0.20 per share, from $0.27 per share in Q1, reflecti
https://www.marinelink.com/news/sfl-beats-q-profit-estimates-529088
https://www.marinelink.com/news/sfl-beats-q-profit-estimates-529088On India's southern coast, V. Srinivas thrived for two decades by farming shrimp, as the country became the top supplier of the delicacy to the United States. Now, Donald Trump's 50% tariff threat is forcing many to consider other ways of making…
https://www.marinelink.com/news/tariffs-hit-india-shrimp-farmers-hard-529089
https://www.marinelink.com/news/tariffs-hit-india-shrimp-farmers-hard-529089Van Oord has secured a contract for the land reclamation of Naïa Island Dubai, a new development located just off Jumeirah’s coastline. The project marks another milestone in Van Oord’s long-standing presence in the region, following its role in the development of projects such as Dubai Harbor…
https://www.marinelink.com/news/van-oord-awarded-land-reclamation-project-529091
https://www.marinelink.com/news/van-oord-awarded-land-reclamation-project-529091Ningbo Ocean Shipping Co (NBOSCO) is continuing its containership fleet expansion with a fresh order for four 4,300 teu vessels at Huangpu Wenchong Shipbuilding. The newbuildings are scheduled for delivery in 2029 and follow the company’s earlier plan announced this year to invest up to $278m in this series. While the yard was initially to …
https://splash247.com/ningbo-ocean-shipping-back-at-huangpu-wenchong-for-4300-teu-series/
https://splash247.com/ningbo-ocean-shipping-back-at-huangpu-wenchong-for-4300-teu-series/Japan’s Mitsui OSK Lines (MOL) has signed a joint development agreement with trading house Itochu Corporation to carry out the world’s first ship-to-ship ammonia bunkering operations in Singapore. The project, slated for the second half of 2027, will see MOL deploy its coming fleet of ammonia dual-fuel capesize bulkers while Itochu brings in its 5,000 …
https://splash247.com/mol-and-itochu-ink-deal-for-singapore-ammonia-bunkering-demo/
https://splash247.com/mol-and-itochu-ink-deal-for-singapore-ammonia-bunkering-demo/Ammonia as a frontrunner in shipping’s fuel of the future stakes is very much back in the headlines with news of a first green ammonia bunkering operation concluded recently in China, and Japanese companies mapping out landmark ammonia bunkering ops in Singapore, the world’s largest bunkering hub, scheduled for 2027. Moreover, new data carried by …
https://splash247.com/ammonia-engine-tests-show-95-emission-cut/
https://splash247.com/ammonia-engine-tests-show-95-emission-cut/Baltimore’s already bruised maritime sector was dealt another scare on Monday evening when a Greek-owned coal carrier suffered a spectacular explosion as it departed the port. The 81,681 dwtW Sapphire, managed by Athens-based W Marine and flagged in Liberia, had just cleared CSX’s Curtis Bay terminal around 6:30 pm when a blast ripped through its …
https://splash247.com/explosion-rocks-bulk-carrier-departing-baltimore/
https://splash247.com/explosion-rocks-bulk-carrier-departing-baltimore/Korea Marine Transport Co (KMTC) has been linked to its biggest move yet in the newbuild market, locking in an order for four 13,000 teu containerships at HD Hyundai yards. Brokers report the Seoul-based liner operator has committed to the quartet at around $150m per ship, marking a significant step up in vessel size for …
https://splash247.com/kmtc-upsizes-fleet-with-600m-order-at-hd-hyundai/
https://splash247.com/kmtc-upsizes-fleet-with-600m-order-at-hd-hyundai/