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T. Parker Host (Host), a provider of maritime agency and terminal services across the US, has acquired Transmarine Navigation Corporation (Transmarine), a west coast ship agency headquartered in Long Beach, California. The acquisition makes Host the largest independent tramp ship agency in the US. “This acquisition aligns with our strategic vision to deliver seamless, high-touch …
https://splash247.com/ship-agency-merger-creates-sector-leader-in-the-us/
https://splash247.com/ship-agency-merger-creates-sector-leader-in-the-us/KNOT Offshore Partners has expanded its fleet with the acquisition of a three-year-old shuttle tanker and agreed a sale and leaseback deal for another. The company bought the 2022-built suezmax Daqing Knutsen from Knutsen NYK Offshore Tankers (KNOT). The purchase price for the vessel, built by COSCO Shipping Heavy Industry, is $90m, less $70.5m of …
https://splash247.com/knot-offshore-partners-acquires-shuttle-tanker-2/
https://splash247.com/knot-offshore-partners-acquires-shuttle-tanker-2/Greek tanker player Performance Shipping is looking to expand its fleet following a $100m raise on the Nordic bond market. The NASDAQ-listed company said proceeds from the raise will either go for tanker acquisitions or bond repurchases. An application will be made for the bonds to be listed on the Oslo Stock Exchange. The new …
https://splash247.com/performance-shipping-eyes-tanker-acquisitions-following-100m-bond-raise/
https://splash247.com/performance-shipping-eyes-tanker-acquisitions-following-100m-bond-raise/The Maritime and Port Authority of Singapore (MPA) has filed formal charges stemming from the deadly 2024 collision involving the Singapore-flagged Hafnia Nile and the shadow tanker Ceres I, an incident that drew international attention for both its human toll and its implications for shadow fleet operations. Two crew members from the Hafnia Nile — …
https://splash247.com/singapore-files-charges-over-last-years-fatal-tanker-collision/
https://splash247.com/singapore-files-charges-over-last-years-fatal-tanker-collision/President Trump’s ambitious plan to rejuvenate the US shipping and shipbuilding industries is encountering significant challenges, just months after its announcement. Despite bipartisan support for revitalising the maritime sector as a matter of economic and national security, internal policy conflicts and administrative delays are hindering progress. A key setback involves the suspension of the Food …
https://splash247.com/trumps-shipbuilding-ambitions-face-enormous-hurdles/
https://splash247.com/trumps-shipbuilding-ambitions-face-enormous-hurdles/Donald Trump and tariffs are very much back in shipping news headlines, with one key deal seemingly agreed and plenty of others under negotiation ahead of a deadline next week. The July 9 expiration date for the White House’s pause on April’s reciprocal tariffs on a long list of countries is rapidly approaching. The administration …
https://splash247.com/white-house-tariff-deadline-looms-large-on-liner-agenda/
https://splash247.com/white-house-tariff-deadline-looms-large-on-liner-agenda/Borr Drilling’s Board of Directors has reached a unanimous decision to appoint Bruno Morand as successor to CEO Patrick Schorn, effective September 1, 2025.Schorn will become Executive Chairman of the company’s Board of Directors, while current…
https://www.marinelink.com/news/borr-drilling-announces-ceo-succession-527589
https://www.marinelink.com/news/borr-drilling-announces-ceo-succession-527589The IMO is taking action to ensure that ships worldwide are safely managed and operated, with a renewed focus on seafarer issues such as work and rest hours, fatigue and violence and harassment, including sexual harassment, bullying and sexual…
https://www.marinelink.com/news/imo-targets-seafarer-fatigue-527590
https://www.marinelink.com/news/imo-targets-seafarer-fatigue-527590The National Transportation Safety Board highlighted effective placement of smoke and fire detectors following its investigation of a fire aboard a fishing vessel last year near Tatoosh Island, Washington.“Installation of smoke and fire detectors in spaces that are typically uncrewed when underway…
https://www.marinelink.com/news/placement-smoke-detectors-implicated-527591
https://www.marinelink.com/news/placement-smoke-detectors-implicated-527591There’s a master on the run right now.It was 4am, about 10 years ago. Two crewmembers died, 15 others were hospitalized. The master didn’t receive prior notification of the cargo fumigation that occurred, yet it is the master who is being held accountable.Captain Kuba Szymanski…
https://www.marinelink.com/news/theres-a-master-run-527592
https://www.marinelink.com/news/theres-a-master-run-527592