ShipOracle News
Italian energy services contractor Saipem has sealed five new deals worth a total of around $650m. The Milan-headquartered firm has confirmed the award by Azule Energy for the Agogo full-field development project offshore Angola. The contract covers the engineering, procurement, construction and installation (EPCI) of rigid pipe-in-pipe flowlines with associated subsea structures. Saipem will mobilise …
https://splash247.com/saipem-reveals-650m-worth-of-new-offshore-contracts/
...See more
ShipOracle News
Cosco Shipping Specialized Carriers is looking to raise up to RMB3.5bn ($509m) to fund fleet expansion. A unit of Cosco Shipping Group said it plans to use the proceeds for the leasing of 29 multipurpose pulp carriers between 62,000 dwt and 70,000 dwt. The funds would also be directed towards a 65,000 dwt semi-submersible heavy …
https://splash247.com/cosco-shipping-specialized-carriers-eyes-nearly-510m-raise-for-fleet-growth/
...See more
ShipOracle News
Klaveness Marine has exited the vehicle shipping segment through the sale of its stake in Norwegian Car Carriers (NOCC). The private company, controlled by Tom Erik Klaveness and his family, has sold 50% of NOCC to US banking giant JP Morgan for a reported price in excess of NOK1bn ($96.3m). “Our investment goes back more …
https://splash247.com/klaveness-marine-exits-car-carrier-segment/
...See more
ShipOracle News
Seven people from four continents have thrown their hats in the ring to become the next International Maritime Organization secretary general. Since launching the process to elect a successor to Kitack Lim last December, Panama’s Arsenio Dominguez, Nancy Karigithu from Kenya, Turkey’s Suat Hayri Aka, Dominica’s Cleopatra Doumbia-Henry and Moin Uddin Ahmed from Bangladesh have …
https://splash247.com/seven-states-enter-race-for-imo-secretary-general-spot/
...See more
ShipOracle News
Cyprus-based bulker and boxship owner Castor Maritime has offloaded another ageing unit for a profit in a very short period of time. The Nasdaq-listed firm has sold its 2005-built panamax bulker to an unrelated third party. The 76,600 dwt vessel was bought from Pavimar in 2019 for around $10m and is now being sold for $13.95m. …
https://splash247.com/castor-maritime-flips-another-vintage-bulker/
...See more
ShipOracle News
Wintershall Dea has completed its acquisition of a 37% non-operated participating interest in the oil-producing Hokchi Block offshore Mexico. The German company is now the second-largest interest holder in the block after operator Hokchi Energy, a subsidiary of Pan American Energy. AINDA holds the remaining 3.6% share. “The acquisition and the significant production we are …
https://splash247.com/wintershall-dea-acquires-37-share-in-hokchi-block-offshore-mexico/
...See more
ShipOracle News
Houston-based KBR announced on Monday that its Canadian entity, KBR Industrial Canada, has received a letter of intent from Equinor Canada for the front-end engineering design (FEED) of the topside facilities of the new Bay Du Nord floating production, storage and offloading facility (FPSO) to be located offshore Newfoundland, Canada. The agreement includes an option …
https://splash247.com/kbr-awarded-feed-contract-for-equinor-bay-du-nord-fpso-project/
...See more
ShipOracle News
Turkish tycoon Ali Bekmezci, and his Beks Ship Management, continue to emerge as the buyer of older tanker units. So far this year, the outfit has had seven ships coming in while one ship has been shipped out. The active Turk is now identified as the taker of the STX-built, 74,000 dwt Energy Champion for …
https://splash247.com/beks-seals-another-tanker-deal/
...See more
ShipOracle News
Stolt Tankers’ joint venture in China, Shanghai SC-Stolt Shipping has placed an order at Wuchang Shipbuilding for the construction of two chemical tankers. The first of the 9,200 dwt newbuilds is scheduled to be delivered at the end of 2024 and the second in early 2025. No price has been revealed for the duo which …
...See more
ShipOracle News
The more complex a piece of legislation is, the more loopholes exist that can lead to distortions, evasion, and carbon leakage, writes Harilaos Psaraftis, a professor at Technical University of Denmark. Per a recent article by Lloyd’s Register, and according to the provisions of the forthcoming FuelEUMaritime regulation, “a pool of ten boxships could avoid …
https://splash247.com/the-risks-of-regulatory-complexity/
...See more