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Italy’s Next Geosolutions has won a contract from TenneT worth €9m ($10.4m) for marine survey activities in the Voordelta – Nederwiek 3 offshore wind area. The work will assess the technical feasibility of a cable corridor, identify any seabed obstacles, and support the design and engineering phases of the infrastructure. Specifically, operational activities will include …
https://splash247.com/next-geo-wins-survey-campaign-for-offshore-wind-cable-route-in-dutch-waters/
https://splash247.com/next-geo-wins-survey-campaign-for-offshore-wind-cable-route-in-dutch-waters/LS Cable & System and LS Marine Solutions have been selected as the preferred bidders for the supply and installation of submarine cables for the Haesong offshore wind farm, South Korea’s largest offshore wind development. The two companies will carry out the entire process, from design to the production and laying of cables. The Haesong …
https://splash247.com/ls-duo-picked-for-cabling-work-on-south-koreas-biggest-offshore-wind-farm/
https://splash247.com/ls-duo-picked-for-cabling-work-on-south-koreas-biggest-offshore-wind-farm/Even though near-term uncertainty in the jackup market remains elevated due to the continued closure of the Strait of Hormuz, the conflict may also provide tailwinds for the sector in the long term. Before the recent Middle East conflict, jackup rig markets were showing some more positive signs, supported by firmer requirements from Aramco. In …
https://splash247.com/strait-of-hormuz-crisis-clouds-jackup-recovery-outlook/
https://splash247.com/strait-of-hormuz-crisis-clouds-jackup-recovery-outlook/Spanish shipowner Ibaizabal Group has returned to the suezmax newbuilding market after more than a decade, with the tanker owner linked to a fresh order at China’s Hengli Heavy Industries. Multiple shipbuilding sources said the group’s tanker arm, Ibaizabal Tankers, has contracted at least two 158,000 dwt crude carriers at the Dalian-based builder for delivery …
https://splash247.com/ibaizabal-heads-back-to-suezmax-newbuilds/
https://splash247.com/ibaizabal-heads-back-to-suezmax-newbuilds/Andrew Craig-Bennett on what Iran can learn from the kings who monetised the Baltic. “History doesn’t repeat itself, but it often rhymes” Mark Twain The Strait of Hormuz has been pretty much closed for more than 80 days now. Iran wants to control the strait and charge a toll. The US doesn’t want them to. …
https://splash247.com/strait-cash-iran-revives-a-centuries-old-maritime-business-model/
https://splash247.com/strait-cash-iran-revives-a-centuries-old-maritime-business-model/Container analysis firm Alphalliner is reporting Marshall Islands-based Stella Bulk is moving into the container sector, ordering a pair of 740 teu vessels at China’s Taizhou Maple Leaf shipyard. The order comes with an option for two additional sister vessels. No prices have been revealed for these new ships whose delivery is expected to take …
https://splash247.com/stella-bulk-moves-into-the-container-sector/
https://splash247.com/stella-bulk-moves-into-the-container-sector/The US Department of Justice has indicted four of the world’s largest shipping container manufacturers and seven executives for running what has been described as a cartel that roughly doubled the price of standard dry containers over four years and drove profits at one of the companies up nearly one hundredfold during the covid pandemic. …
The United States has seized a VLCC in the Indian Ocean carrying more than 1m barrels of Iranian crude, the third Iranian-linked vessel grabbed by Washington since it launched military action against Tehran in February. The 302,500 dwt Skywave (built 2005) was reportedly loaded at Iran’s Kharg Island and was sailing west of Malaysia after …
https://splash247.com/us-seizes-iran-linked-vlcc-in-indian-ocean/
https://splash247.com/us-seizes-iran-linked-vlcc-in-indian-ocean/For many shipping executives, retirement marks the end of a long career. For Aga Nagarajan, it has marked the start of something entirely new. After nearly three decades at Hong Kong’s Fleet Management, including serving as executive director, the veteran shipmanager is now building his own platform in Singapore through newly launched Nura Shipco Management. …
https://splash247.com/nura-shipco-not-the-retiring-type-of-manager/
https://splash247.com/nura-shipco-not-the-retiring-type-of-manager/A sale by shipping titan George Procopiou has emerged. The Greek owner has landed a standout price for one of his older suezmax tankers, selling the 2008-built Gladiator for around $65m. The 149,944 dwt Universal-built tanker, now renamed Visund, comes amid a period of extraordinary earnings for the tanker sector in the 11th week of …
https://splash247.com/dynacom-lands-65m-for-ageing-suezmax/
https://splash247.com/dynacom-lands-65m-for-ageing-suezmax/