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The freight market has adjusted to the estimated impact of the port fees implemented by the US and China. In its latest weekly report, shipbroker Intermodal said that “the latest escalation in U.S.-China trade tensions marks a setback to hopes for a gradual return to a less protectionist trading environment. After a relatively calm summer, ...
https://www.hellenicshippingnews.com/shipping-freight-rates-rose-20-on-trade-war-port-fees/
https://www.hellenicshippingnews.com/shipping-freight-rates-rose-20-on-trade-war-port-fees/Tor Olav Trøim is deepening his comeback in the tanker sector, with Oslo-listed Bruton revealing a fresh deal that could double its VLCC newbuilding programme at China’s New Times Shipbuilding. The company announced a letter of intent for two firm scrubber-fitted VLCCs, plus options for two more of the same design, through affiliate Andes Tankers …
https://splash247.com/troims-bruton-doubles-down-on-vlcc-newbuilds/
https://splash247.com/troims-bruton-doubles-down-on-vlcc-newbuilds/China’s Huayuan Star Shipping has turned to the newbuilding market to expand its fleet with an order for two kamsarmax bulk carriers at compatriot yard Jiangsu Haitong Offshore Engineering Equipment. A signing ceremony was recently held in Shanghai to formalise the deal. The 85,000 dwt vessels are scheduled for delivery in the second and fourth …
https://splash247.com/huayuan-star-orders-methanol-ready-kamsarmax-brace/
https://splash247.com/huayuan-star-orders-methanol-ready-kamsarmax-brace/Oslo-listed 2020 Bulkers has extended its fleet sell-off with the disposal of another newcastlemax bulker. The Norwegian owner, set up by Tor Olav Trøim, said it has agreed to sell the 2020-built 208,000 dwt Bulk Sao Paulo for $72.75m to an undisclosed buyer. The company will retain the vessel’s operating cashflows until the transaction closes, …
https://splash247.com/2020-bulkers-banks-72m-as-fleet-sell-off-rolls-on/
https://splash247.com/2020-bulkers-banks-72m-as-fleet-sell-off-rolls-on/Belgium’s CMB.TECH has pushed ahead with its fleet renewal strategy, confirming disposals in wet and dry secondhand markets, while adding new tonnage across multiple segments. The Antwerp-based shipowner confirmed the sale of the 2007-built 306,543 dwt VLCC Dalma for a reported $48m after passing dry dock. The deal, which follows the disposal of three VLCCs …
https://splash247.com/cmb-tech-continues-fleet-renewal-with-fresh-sales/
https://splash247.com/cmb-tech-continues-fleet-renewal-with-fresh-sales/India’s Great Eastern Shipping has sold another older tanker as part of its ongoing fleet renewal drive. The Mumbai-listed company said it has sealed a deal to sell the 2005-built 48,500 dwt Jag Pooja to an unaffiliated third party. VesselsValue estimates the ship’s market value at about $10.9m. The company acquired the vessel in July …
https://splash247.com/great-eastern-offloads-veteran-tanker-in-ongoing-fleet-refresh/
https://splash247.com/great-eastern-offloads-veteran-tanker-in-ongoing-fleet-refresh/US investment giant KKR has launched a new container leasing and financing company with half a billion dollars in committed capital, marking its latest move into asset-based maritime investments. The new venture, Galaxy Container Solutions, will be owned by KKR-managed credit funds and accounts under its Asset-Based Finance strategy. Galaxy will provide container leasing and …
https://splash247.com/kkr-launches-500m-container-leasing-venture/
https://splash247.com/kkr-launches-500m-container-leasing-venture/Italian shipbuilder Fincantieri has signed a strategic agreement to accelerate the development of autonomous surface units developed by Italian start-up Defcomm, which specializes in unmanned solutions for the maritime sector.The agreement focuses…
https://www.marinelink.com/news/fincantieri-defcomm-jointly-advance-naval-531273
https://www.marinelink.com/news/fincantieri-defcomm-jointly-advance-naval-531273U.K.-based Tidal Transit has deployed a range of eco-friendly maritime cleansers from sustainable cleaning solutions specialist Terrafend to help maintain its expanding fleet of crew transfer vessels (CTVs).Designed to replace the multiple hazardous…
https://www.marinelink.com/news/tidal-transit-opts-ecofriendly-cleaning-531276
https://www.marinelink.com/news/tidal-transit-opts-ecofriendly-cleaning-531276Swedish firm Njord Survey has entered into a frame agreement with Energinet, Denmark’s national transmission system operator (TSO), covering site and route survey services for offshore wind and subsea cable projects.The long-term collaboration…
https://www.marinelink.com/news/tso-enlists-njord-survey-offshore-wind-531278
https://www.marinelink.com/news/tso-enlists-njord-survey-offshore-wind-531278