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The US state of Massachusetts has activated the Vineyard Wind offtake contracts, which are expected to save its residents $1.4bn in electricity bills over the next 20 years. This past winter, Vineyard Wind lowered electricity prices by competing in wholesale electricity markets, consistently offering lower prices than other electricity sources. The activation of the utilities’ …
Singapore-based offshore wind vessel player Cyan Renewables has signed a contract with OMV to keep one of its anchor handling tug supply (AHTS) vessels operating in New Zealand waters. OMV New Zealand awarded a long-term contract to the 2009-built MMA Vision anchor handler. The deal is for up to five years and will start immediately …
https://splash247.com/cyan-renewables-secures-long-term-ahts-contract-in-new-zealand/
https://splash247.com/cyan-renewables-secures-long-term-ahts-contract-in-new-zealand/China United Lines (CULines) has re-entered the newbuilding market with an order for four 6,400 teu containerships. The Shanghai-based intra-Asian carrier has contracted CSSC Huangpu Wenchong Shipbuilding in Guangzhou for the series, with CSSC Trading involved in the deal. The move marks CULines’ first ship order since 2022, when it booked a pair of 7,092 …
https://splash247.com/culines-books-four-newbuilds-at-huangpu-wenchong/
https://splash247.com/culines-books-four-newbuilds-at-huangpu-wenchong/Swiss commodities trader Mercuria is continuing its move deeper into shipownership with an order for four kamsarmax bulk carriers at Wuhu Shipyard. The 82,000 dwt newbuildings will be tied into Mercuria’s global logistics system, marking another step away from its long-standing reliance on chartered tonnage toward a more asset-backed shipping model. For years, Mercuria has …
https://splash247.com/mercuria-steps-up-fleet-push-with-four-bulker-newbuilds/
https://splash247.com/mercuria-steps-up-fleet-push-with-four-bulker-newbuilds/The Mission to Seafarers is extending its welfare measurement work beyond the ship’s rail, launching a new Shorebased Happiness Index to capture the wellbeing of maritime professionals working on land for the first time. The new index mirrors the methodology of the charity’s established Seafarers Happiness Index – which has tracked crew welfare for nearly …
https://splash247.com/mission-to-seafarers-launches-shore-based-wellbeing-index/
https://splash247.com/mission-to-seafarers-launches-shore-based-wellbeing-index/South Korea has formally launched a sweeping initiative to align its world-class shipbuilding and shipping industries under a single national strategy, acknowledging years of criticism that the two sectors have failed to capitalise on their combined strengths. The Shipbuilding-Shipping Mutual Development Strategy Council was unveiled at a ceremony in Seoul on 28 April, attended by …
Dee4 Capital Partners Fund II has snapped up a second ultramax, continuing its well-timed push into high-quality Japanese-built tonnage. The fund has acquired the 60,500 dwt Only You, a 2017-built unit from Sanoyas, for just under $29m. The vessel has been renamed Dee4 Pine. The ship was sold by another financial player, Alpha Omega. The …
https://splash247.com/dee4-doubles-down-on-ultramax-play/
https://splash247.com/dee4-doubles-down-on-ultramax-play/The maritime sector has spent years talking about digitalisation, but progress remains uneven. For Smart Ship Hub, the pitch is straightforward: bring everything into one place and make the data usable. Joy Basu, the company’s chief executive, frames it as a shift away from fragmented systems toward a single operational layer. “Smart Ship Hub (SSH), …
https://splash247.com/smart-ship-hub-digitalisation-now-a-necessity-not-a-choice/
https://splash247.com/smart-ship-hub-digitalisation-now-a-necessity-not-a-choice/The third edition of Geneva Dry, the world’s premier commodities shipping conference, has opened in style, with a packed first day of dealmaking, debate and networking that underlined the Swiss city’s status as a hub for the dry bulk and commodities shipping world. Delegates flooded the conference floor from the opening bell, with shipbrokers, owners, …
https://splash247.com/geneva-dry-hits-its-stride-as-deals-flow-and-debate-crackles-on-opening-day/
https://splash247.com/geneva-dry-hits-its-stride-as-deals-flow-and-debate-crackles-on-opening-day/Familiar patterns of procedural delay are emerging at this week’s critical UN shipping summit in London, with sources close to the negotiations warning that the most contentious decisions are being deliberately deferred to the final hours of the meeting – leaving little time for meaningful resolution. The 84th session of the Marine Environment Protection Committee …
https://splash247.com/delay-tactics-cast-shadow-over-mepc/
https://splash247.com/delay-tactics-cast-shadow-over-mepc/