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Malaysia’s Velesto Energy has moved into an asset-light operating model for the first time after securing a drilling contract from Hibiscus Oil & Gas Malaysia using a third-party jackup rig. The contract was awarded to Velesto’s drilling arm, Velesto Drilling, and covers Hibiscus’ 2026 offshore drilling campaign in Malaysian waters. Under the agreement, Velesto will …
https://splash247.com/velesto-lands-hibiscus-drilling-deal-in-first-asset-light-rig-move/
https://splash247.com/velesto-lands-hibiscus-drilling-deal-in-first-asset-light-rig-move/Oslo-listed accommodation rig owner Prosafe has firmed up a previously announced letter of intent with Ithaca Energy for work in the UK North Sea. The company said the contract has now been signed for the semisubmersible accommodation vessel Safe Caledonia to support operations at the Captain field. The assignment is scheduled to begin in the …
https://splash247.com/prosafe-seals-north-sea-flotel-deal-with-ithaca-energy/
https://splash247.com/prosafe-seals-north-sea-flotel-deal-with-ithaca-energy/New York-listed Diana Shipping has secured a higher-paying charter extension with Oldendorff Carriers for one of its post-panamax bulkers. The Greek owner said the 98,704 dwt Polymnia has been fixed at $20,000 per day, minus a 5% commission, for a period running from June 1, 2026, until between March 1 and April 30, 2027. The …
https://splash247.com/diana-shipping-lifts-earnings-with-fresh-oldendorff-fixture/
https://splash247.com/diana-shipping-lifts-earnings-with-fresh-oldendorff-fixture/Thai dry bulk owner Precious Shipping has expanded its move into the tanker market through its Malaysian joint venture, acquiring d’Amico International Shipping’s oldest vessel. The Bangkok-listed company said associate company Nusantara Maritime, in which Precious Shipping holds a 45% stake through a Singapore subsidiary, has agreed to acquire the 2012-built MR tanker High Tide …
https://splash247.com/precious-shipping-tanker-venture-takes-damicos-oldest-mr/
https://splash247.com/precious-shipping-tanker-venture-takes-damicos-oldest-mr/The battle for control of the bulker owner Genco Shipping & Trading took another turn after the company’s board firmly rejected Greek rival Diana Shipping’s hostile tender offer and urged shareholders not to hand over their shares. The latest rejection marks the second time in two months that Genco has rebuffed the $23.50-per-share offer from …
https://splash247.com/dianas-hostile-push-hits-fresh-wall-at-genco/
https://splash247.com/dianas-hostile-push-hits-fresh-wall-at-genco/Singapore-listed Marco Polo Marine is moving to spin off and separately list its shipyard business through a proposed reverse takeover deal valued at up to S$139m ($108.5m). The regional offshore and marine logistics player said it had signed a binding term sheet with Fuji Offset Plates Manufacturing for the sale of its shipyard subsidiaries Marco …
https://splash247.com/marco-polo-marine-to-spin-off-shipyard-arm-in-108m-reverse-takeover/
https://splash247.com/marco-polo-marine-to-spin-off-shipyard-arm-in-108m-reverse-takeover/Gas shipowner Seapeak has expanded its LNG carrier orderbook with a fresh trio of newbuildings in South Korea, while simultaneously locking in long-term employment for the vessels. The company disclosed in its latest quarterly earnings report that it had signed contracts in May for three 174,000 cu m dual-fuel X-DF LNG carriers at Samsung Heavy …
https://splash247.com/seapeak-grows-lng-orderbook-with-756m-samsung-heavy-trio/
https://splash247.com/seapeak-grows-lng-orderbook-with-756m-samsung-heavy-trio/Greek owner JHI Steamship has expanded its growing newbuilding programme with an LR2 tanker order at Japan’s Imabari Shipbuilding. The Athens-based company has contracted a 115,000 dwt scrubber-fitted unit at Imabari’s Marugame yard for delivery in 2028. Financial details of the deal have not been disclosed. The latest contract adds to a steadily growing orderbook …
https://splash247.com/jhi-steamship-continues-fleet-push-with-japanese-lr2-newbuild/
https://splash247.com/jhi-steamship-continues-fleet-push-with-japanese-lr2-newbuild/Capesize The market enjoyed a convincingly firmer week overall, with sentiment steadily improving across both basins as reduced vessel availability and sustained cargo flow gradually shifted the balance back in owners’ favour. While the Pacific opened in a relatively stable and subdued manner, consistent miner presence on C5 throughout the week provided an important underlying ...
https://www.hellenicshippingnews.com/dry-bulk-market-capesize-market-on-the-rise-2/
https://www.hellenicshippingnews.com/dry-bulk-market-capesize-market-on-the-rise-2/A Greek-operated tanker sailed from the Gulf to India on Friday after crossing the Strait of Hormuz in one of the few crude sailings through the waterway this week, ship tracking data showed on Friday.The U.S.-Israeli war on Iran has led to the effective closure of the strait…
https://www.marinelink.com/news/greekoperated-tanker-crosses-strait-539267
https://www.marinelink.com/news/greekoperated-tanker-crosses-strait-539267