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A pilot maneuvering a vessel too close to a bank, before a turn on the Cooper River led to the collapse of a 300-foot section of pier at Joint Base Charleston’s Naval Weapons Station in South Carolina, the National Transportation Safety Board…
https://www.marinelink.com/news/pilot-error-caused-tanker-strike-naval-513352
https://www.marinelink.com/news/pilot-error-caused-tanker-strike-naval-513352Iron ore and steel futures fell on Tuesday amid risk-off sentiment ahead of a Chinese public holiday, but most contracts posted monthly gains on the back of better demand outlook from the property sector. The most-traded September iron ore on China’s Dalian Commodity Exchange (DCE) closed down 0.1% at 874 yuan ($120.65) per metric ton. ...
https://www.hellenicshippingnews.com/iron-ore-down-on-pre-holiday-risk-off-but-posts-best-monthly-gain-since-june-2023/
https://www.hellenicshippingnews.com/iron-ore-down-on-pre-holiday-risk-off-but-posts-best-monthly-gain-since-june-2023/Australia shipped more coal to China than Japan in April, the first time this has happened in any month in more than four years, underscoring shifting market dynamics and an improved political relationship with Beijing. Australia’s exports of all grades of coal to China were 6.87 million metric tons in April, up from 6.83 million ...
https://www.hellenicshippingnews.com/china-overtakes-japan-in-april-as-australias-top-coal-market/
https://www.hellenicshippingnews.com/china-overtakes-japan-in-april-as-australias-top-coal-market/The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, was mostly unchanged on Tuesday as gains in capesize countered weakness in smaller vessel segments. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, edged higher to 1,685. The capesize index gained 20 points, or ...
https://www.hellenicshippingnews.com/baltic-index-steady-as-gains-in-capesize-offset-lower-rates-for-smaller-vessels/
https://www.hellenicshippingnews.com/baltic-index-steady-as-gains-in-capesize-offset-lower-rates-for-smaller-vessels/Following hot on the heels of Gianluigi Aponte’s $700m bid for Gram Car Carriers, another Italian shipping magnate has emerged as a fan of the Norwegian car carrier scene. Emanuele Grimaldi has picked up a 5.12% stake in Höegh Autoliners becoming the company’s second-largest shareholder after the Höegh family which holds 35.5% of the shares. …
https://splash247.com/emanuele-grimaldi-buys-into-hoegh-autoliners/
https://splash247.com/emanuele-grimaldi-buys-into-hoegh-autoliners/Norwegian offshore service provider Archer has been awarded a two-year contract extension for platform drilling services in the UK by an unnamed client. The estimated contract of the extension is $40m. The deal will begin on May 1, 2024, in direct continuation of the current contract. Over the next two years, Archer will continue to …
https://splash247.com/archer-bags-40m-drilling-services-extension-in-uk/
https://splash247.com/archer-bags-40m-drilling-services-extension-in-uk/Norwegian offshore vessel owner DOF has won new contracts for two of its anchor-handling tug supply (AHTS) vessels. Petrobras awarded long-term charter and service contracts to the company after a competitive tender issued in late 2023. The two contracts will generate over $192m in revenue. DOF’s Norskan Offshore unit won a deal for the 2011-built …
https://splash247.com/dof-scores-192m-in-deals-from-petrobras-for-two-anchor-handlers/
https://splash247.com/dof-scores-192m-in-deals-from-petrobras-for-two-anchor-handlers/Oslo-listed BW Energy has executed a sale and leaseback agreement with China’s Minsheng Financial Leasing for the MaBoMo production facility on the Dussafu Licence offshore Gabon. The agreement will provide $150m of gross sales proceeds under a ten-year lease term with an option to repurchase the unit from the end of year seven. According to …
https://splash247.com/bw-energy-enters-150m-sale-and-leaseback-deal-for-gabon-platform/
https://splash247.com/bw-energy-enters-150m-sale-and-leaseback-deal-for-gabon-platform/Greek bulker owner OceanPal has entered into a time charter contract with Richland Bulk for one of its capesize dry bulk vessels and agreed to sell it upon the end of the charter. Richland Bulk charted out the 2005-built, 177,243 dwt capesize bulker Baltimore. The gross charter rate is $22,000 per day minus a 5% …
https://splash247.com/oceanpal-to-sell-capesize-after-end-of-new-charter-with-richland-bulk/
https://splash247.com/oceanpal-to-sell-capesize-after-end-of-new-charter-with-richland-bulk/Norwegian offshore vessel operator DOF Group has secured two contracts with Brazil’s state-run oil and gas company Petrobras, worth over $192 million.Petrobras has awarded new long-term charter and service contracts to Norskan Offshore. and DOF Subsea Servicos Brasil…
https://www.marinelink.com/news/dof-secures-m-two-contracts-petrobras-513328
https://www.marinelink.com/news/dof-secures-m-two-contracts-petrobras-513328