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India plans to spend $10 billion over the next 25 years to acquire up to 112 crude oil tankers, Bloomberg reported, citing unnamed officials. The move would effectively reduce reliance on foreign-chartered vessels and bolster energy security for India.According to the Bloomberg report…
https://www.marinelink.com/news/india-invest-b-tanker-fleet-expansion-526006
https://www.marinelink.com/news/india-invest-b-tanker-fleet-expansion-526006Transportation and Infrastructure Committee Chairman Sam Graves (R-MO) testified this week in support of the "One Big Beautiful Bill Act," spotlighting a major investment in the U.S. Coast Guard as a cornerstone of the legislation."For more than 20 years…
https://www.marinelink.com/news/chairman-graves-highlights-b-boost-coast-526008
https://www.marinelink.com/news/chairman-graves-highlights-b-boost-coast-526008Coal imports from China’s largest supplier Indonesia tumbled 20% to 14.286 million tons in April, customs data showed on Tuesday, as Chinese buyers rejected a push by Jakarta to use its government-set benchmark in international sales, in a bid to increase royalties. Indonesia began using the new government-set price, known as HBA and previously used ...
https://www.hellenicshippingnews.com/indonesian-coal-shipments-to-china-slide-amid-new-benchmark-push/Perth-based OSV operator MMA Offshore, a subsidiary of Cyan Renewables, has won a multi-year platform supply vessel contract from Chevron in Australia. The contract was awarded to the 2015-built high-specification PSV MMA Plover. It will provide marine logistics support to Chevron’s Barrow Island and Wheatstone assets, located off the coast of Western Australia. The assets …
https://splash247.com/mma-offshore-gets-psv-work-off-australia-with-chevron/
https://splash247.com/mma-offshore-gets-psv-work-off-australia-with-chevron/Offshore drilling unit of Malaysia’s Velesto Energy has won a contract for one of its jackup rigs from Phu Quoc Petroleum Operating Company (PQPOC) in Vietnam. The contract was awarded to the 2013-built Naga 4 jackup, which was hired to drill over 40 wells for the Vietnamese firm. The deal for the independent-leg cantilever jackup …
https://splash247.com/velesto-jackup-to-drill-over-40-wells-in-vietnam/
https://splash247.com/velesto-jackup-to-drill-over-40-wells-in-vietnam/A fire at Chevron’s deepwater Benguela Belize Lobito Tomboco (BBLT) oil platform off Angola left 17 injured, including four critically. The fire broke out around 3 am local time in the basement of the multi-story production platform. All personnel have been accounted for, according to Chevron. The platform has living quarters for approximately 157 people. …
https://splash247.com/fire-at-chevrons-oil-platform-off-angola-injures-17/
https://splash247.com/fire-at-chevrons-oil-platform-off-angola-injures-17/Young people are happy to move about a lot and crewing managers and shipowners need to bear this in mind, writes Henrik Jensen, the CEO of Danica Crewing Specialists. It isn’t a reflection on their crewing services but just a reality of modern life. Things have changed in the job market, he stresses in this …
https://splash247.com/manage-not-only-retention-but-also-fluctuation/
https://splash247.com/manage-not-only-retention-but-also-fluctuation/Singapore-based dry bulk operator SeaTrek has unveiled a new leadership line-up with some well known names joining the Asifur Chowdhury-founded company. The company has appointed long-time Swire employee Rob Aarvold as global CEO. As well as Swire, Aavold’s career has seen him work at broker SSY and Western Bulk Chartering. Aarvold said: “I am honoured …
https://splash247.com/rob-aarvold-takes-the-reins-at-seatrek/
https://splash247.com/rob-aarvold-takes-the-reins-at-seatrek/John Fredriksen’s SFL Corporation continues to offload bulk carriers at pace. The company has sold its tenth bulker in 2025, the 14-year-old, 57,000 dwt SFL Sara, built at Xiamen Shipyard, fetching $11.2m from undisclosed Chinese interests. The sale follows a recent transaction of a sister vessel, SFL Yukon, to Fujian Highton Development—one of China’s most …
https://splash247.com/john-fredriksens-sfl-offloads-another-bulker/
https://splash247.com/john-fredriksens-sfl-offloads-another-bulker/Bulker operator Norvic Shipping has set out to expand its fleet with a handymax newbuild. The AJ Rahman-led outfit has penned a long-term charter deal with a “renowned Japanese shipowner” for the 42,000 dwt bulker, which will be built at Oshima Shipyard. The vessel, to be named Norvic Athens, is scheduled for delivery in the …
https://splash247.com/norvic-shipping-signs-for-handymax-newbuild/
https://splash247.com/norvic-shipping-signs-for-handymax-newbuild/