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Thai dry bulk owner Precious Shipping has arranged a Japanese operating lease with call option (JOLCO) transaction covering four of its vessels as it looks to refinance part of its fleet. The Bangkok-listed company said the deal involves the handysize vessels the 2015-built Vipha Naree and the 2016-built Viyada Naree, along with the 2012-built supramaxes …
https://splash247.com/precious-shipping-taps-japanese-lease-financing-for-four-bulkers/
https://splash247.com/precious-shipping-taps-japanese-lease-financing-for-four-bulkers/Wolfgang Lehmacher and Mikael Lind on maritime informatics. The Iran war has shown how precisely you can hit a target – and how little some of the maritime world can see of the blast wave across trade. Missiles and drones around the Strait of Hormuz left several tankers damaged, seafarers dead and roughly 150 ships …
https://splash247.com/hormuz-has-exposed-shippings-new-visibility-divide/
https://splash247.com/hormuz-has-exposed-shippings-new-visibility-divide/Norwegian shuttle tanker specialist Knutsen NYK Offshore Tankers has placed another shuttle tanker order at a Chinese yard, extending a long-running newbuilding programme. The Haugesund-based owner has signed up for a 154,000 dwt unit at COSCO Shipping Heavy Industry (Zhoushan), taking the total number of vessels the pair has contracted together to 14. Financial details …
https://splash247.com/knot-returns-to-cosco-zhoushan-for-another-shuttle-tanker/
https://splash247.com/knot-returns-to-cosco-zhoushan-for-another-shuttle-tanker/India has introduced additional checks on documentation for vessels heading to recycling yards, a move industry players say could make it harder for sanctioned ships to slip through with falsified paperwork. The new process, introduced by the Directorate General of Maritime Administration, adds another layer of scrutiny before end-of-life vessels are cleared for recycling. Dubai-based …
Taiwanese boxship owner Wan Hai Lines has added more ships to its already sizeable newbuilding programme, placing orders for six container vessels at Chinese yards. The Taipei-headquartered carrier said it had contracted four 6,000 teu LNG dual-fuel newbuilds at Huangpu Wenchong Shipbuilding. The vessels are priced between $75.2m and $82m each, putting the total value …
https://splash247.com/wan-hai-deepens-newbuild-push-with-lng-and-methanol-ready-boxships/
https://splash247.com/wan-hai-deepens-newbuild-push-with-lng-and-methanol-ready-boxships/Saudi Arabia's Aramco, the world's top oil exporter, said on Tuesday there would be "catastrophic consequences" for the world's oil markets if the Iran war continues to disrupt shipping in the Strait of Hormuz.Oil shipments have been largely blocked from traversing through the shipping artery…
https://www.marinelink.com/news/aramco-warns-severe-oil-market-fallout-536753
https://www.marinelink.com/news/aramco-warns-severe-oil-market-fallout-536753Oil prices plummeted 7% on Tuesday after soaring to a more than three-year high in the previous session as U.S. President Donald Trump predicted the war in the Middle East could end soon, easing concerns about prolonged disruptions to oil supplies.Brent futures LCOc1 fell $6.79…
https://www.marinelink.com/news/oil-drops-trump-predicts-war-end-soon-536757
https://www.marinelink.com/news/oil-drops-trump-predicts-war-end-soon-536757N-Sea Group has entered into a long-term charter agreement with Rederij Groen for the newbuild offshore support vessel Dominus, which is being constructed by PASSER at Shipyard De Hoop in Tolkamer, the Netherlands.Construction of the vessel…
https://www.marinelink.com/news/nsea-expands-fleet-offshore-support-536759
https://www.marinelink.com/news/nsea-expands-fleet-offshore-support-536759New software module enables seamless, low risk integration between navigation and combat systems Anschütz introduced a major enhancement to its SYNAPSIS integrated navigation platform. A newly developed, defined data interface now connects SYNAPSIS…
https://www.marinelink.com/news/synapsis-integrates-aegis-combat-system-536763
https://www.marinelink.com/news/synapsis-integrates-aegis-combat-system-536763ABB has won a contract to deliver a fully integrated electrical power, propulsion and automation system for two hybrid-electric cable repair vessels being built for French shipowner Orange Marine at Colombo Dockyard PLC in Sri Lanka.The vessels…
https://www.marinelink.com/news/abb-inks-deal-orange-marine-cable-repair-536765
https://www.marinelink.com/news/abb-inks-deal-orange-marine-cable-repair-536765