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Dutch floater expert SBM Offshore has signed a contract with UK-based supermajor BP for the wet tow and installation of the Kaskida semi-submersible floating production unit (FPU). The Kaskida field is a greenfield Paleogene development located approximately 400 km southwest of New Orleans in the Keathley Canyon area of the US Gulf of Mexico. The …
https://splash247.com/sbm-offshore-to-install-bps-gulf-of-mexico-production-unit/
https://splash247.com/sbm-offshore-to-install-bps-gulf-of-mexico-production-unit/New York-listed offshore driller Valaris has been awarded new deals for its rigs, increasing the company’s backlog to approximately $4.2bn. US supermajor ExxonMobil exercised a six-month price option for the 2015-built Valaris DS-9 drillship. The option will begin in January 2026 in direct continuation of the existing firm program. The rig has been under hire …
https://splash247.com/new-rig-deals-boost-valaris-backlog-to-4-2bn/
https://splash247.com/new-rig-deals-boost-valaris-backlog-to-4-2bn/Today sees the Mediterranean Sea officially become an emission control area (ECA) for sulphur oxides (SOx). All vessels operating in the region must now comply with stricter environmental standards whereby they either use maximum 0.10% sulphur content in fuel, or use approved exhaust gas cleaning systems also known as scrubbers. In contrast to North and …
https://splash247.com/mediterranean-eca-starts/
https://splash247.com/mediterranean-eca-starts/Wallenius Wilhelmsen has acquired the remaining shares in New Zealand shipping concern, Armacup, bringing the shareholding percentage from 65% to 100%. Armacup is a New Zealand-headquartered shipping company that has pioneered the Japanese used car trade since the 1980s. Armacup has since then expanded its position in the Asia-Oceania trade, servicing all three main export …
https://splash247.com/wallenius-wilhelmsen-acquires-remaining-shares-in-armacup/
https://splash247.com/wallenius-wilhelmsen-acquires-remaining-shares-in-armacup/Wattlab, the Netherlands-based maritime solar specialist, has introduced its SolarDeck technology to the seagoing shipping industry. SolarDeck is a modular and scalable system of deck-mounted solar panels that yield significant reductions in fuel consumption and CO2 emissions. Moreover, based on installation on a seagoing general cargo vessel, SolarDeck combines substantial savings via Fuel EU Maritime …
https://splash247.com/plug-and-play-solar-power-solution-launches/
https://splash247.com/plug-and-play-solar-power-solution-launches/Yesterday, the US imposed sanctions on seven entities engaged in Iranian petroleum products and petrochemical products trade as well as identifying two vessels as blocked property. The tankers Eloise and Olia managed by Vroom Marine Venture were the one picked up for the latest sanctions as the US continues its so-called maximum pressure campaign on …
https://splash247.com/us-issues-further-sanctions-against-iran/
https://splash247.com/us-issues-further-sanctions-against-iran/Mark Charman, CEO and founder of Faststream Recruitment, provides readers with insights from his company’s latest Global Ship Operators Employment Report. The maritime sector is undergoing a profound shift and ship operators are right at the centre of it. In the Global Ship Operators Employment Report 2025, Faststream Recruitment surveyed ship operators around the world …
https://splash247.com/a-call-to-action-for-maritime-employers/
https://splash247.com/a-call-to-action-for-maritime-employers/Ningbo Ocean Shipping Co (NBOSCO) has revealed a fleet expansion plan, which is expected to see four newbuildings added to its fleet. The Shanghai-listed subsidiary of Ningbo-Zhoushan Port Group has lined up up to $192m for a quartet of 2,700 teu vessels, with the shipyard yet to be selected through a bidding process. NBOSCO ranks …
https://splash247.com/ningbo-ocean-shipping-readies-newbuild-investments/
https://splash247.com/ningbo-ocean-shipping-readies-newbuild-investments/Euroholdings, a Nasdaq-listed spinoff and subsidiary of Greek containership owner Euroseas, has initiated a search for strategic options for its business. The company, incorporated in March this year, said that its board, led by chairman Aristides Pittas, has launched a “comprehensive review of strategic alternatives to maximize shareholder value”. Multiple options on the table include …
https://splash247.com/euroseas-spinoff-exploring-strategic-options-including-sale/
https://splash247.com/euroseas-spinoff-exploring-strategic-options-including-sale/The Mediterranean Sea Emission Control Area (ECA) for sulphur oxides enters into effect on 1 May.This will make the Mediterranean Sea the fifth ECA for sulphur oxides in the world.In the Mediterranean Sea, it means ships will have to use marine fuel with lower sulphur content…
https://www.marinelink.com/news/mediterranean-eca-effective-may-525243
https://www.marinelink.com/news/mediterranean-eca-effective-may-525243