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Today, there are around 130 VLCCs over 20 years old still trading, compared to fewer than 20 five years ago, according to data from Tankers International, which notes that around two-thirds of these vintage supertankers are engaged in moving sanctioned oil. Over the next four years, the number of vessels exceeding 20 years forecast by …
https://splash247.com/close-to-one-in-five-vlccs-trading-today-are-over-20-years-old/
https://splash247.com/close-to-one-in-five-vlccs-trading-today-are-over-20-years-old/Buyers behind recent LR2 sales are starting to surface. New York-listed Teekay Tankers agreed last month to sell the 2007-built Galway Spirit to an undisclosed party for an undisclosed price, with delivery set for the first quarter of 2025. The 105,000 dwt vessel, built by Hyundai Heavy, is now renamed Anemoni and joins the fleet of …
https://splash247.com/ims-snaps-up-teekay-tanker/
https://splash247.com/ims-snaps-up-teekay-tanker/Taiwanese containerline Wan Hai has returned to South Korean shipyards for a fresh series of methanol dual-fuel-ready 16,000 teu vessels. The Taipei-headquartered company has commissioned two newbuilds each at HD Hyundai Samho and Samsung Heavy Industries in a deal worth up to $816m. The units at HD Hyundai cost between $186.5m and $204m per ship, …
https://splash247.com/wan-hai-ups-16000-teu-newbuild-series-in-south-korea/
https://splash247.com/wan-hai-ups-16000-teu-newbuild-series-in-south-korea/Pakistan has suspended all trade with India and closed its airspace and land border. The measures follow the imposition of sanctions imposed by India after an attack in Indian-administered Kashmir that killed 26 people on Tuesday. The last six months saw 520 port calls of vessels between Pakistan and India, according to data from maritime …
https://splash247.com/pakistan-ceases-all-trade-with-india/
https://splash247.com/pakistan-ceases-all-trade-with-india/There were 57 ships in the queue at the Port of Newcastle in Australia when the Pasha Bulker ran aground there in 2007.The coal ship was grounded for about three weeks before it was able to be towed away for repairs.The Pasha Bulker wasn’t the…
https://www.marinelink.com/news/justintime-arrival-a-triple-win-525026
https://www.marinelink.com/news/justintime-arrival-a-triple-win-525026R2mc Technologies is entering the marine propulsion market after success in motorsports and heavy-duty transport, with a new patented Eco Patch Technology.The Eco Patch System acts as an autonomous torsional damper, converting mechanical, thermal…
https://www.marinelink.com/news/rmc-deploys-eco-patch-technology-sea-525027
https://www.marinelink.com/news/rmc-deploys-eco-patch-technology-sea-525027A barge tow struck a vane dike on the Ohio River last year because the pilot did not effectively compensate for the outdraft current while navigating out of the McAlpine Locks in Louisville, Kentucky, the National Transportation Safety Board…
https://www.marinelink.com/news/outdraft-current-contributed-ohio-river-525028
https://www.marinelink.com/news/outdraft-current-contributed-ohio-river-525028S&P Global has agreed to acquire the automatic identification system (AIS) business of Orbcomm. The New York-headquartered company said the purchase, on undisclosed terms, will see one of the leading providers of ship tracking services integrated within its Global Market Intelligence division. Orbcomm’s AIS vessel tracking technology has for many years been utilised for supply …
https://splash247.com/sp-global-buys-orbcomms-ship-tracking-business/
https://splash247.com/sp-global-buys-orbcomms-ship-tracking-business/Singapore-based floater owner and operator Yinson Production has successfully structured and arranged a standby letter of credit and guarantee facility of $100m. The company added that the three-year facility, with options for extensions, expands Yinson Production’s “strategic financing toolkit to support the continuous growth” of the company. According to the Singapore firm, the agreement for …
https://splash247.com/yinson-production-secures-100m-financing-deal/
https://splash247.com/yinson-production-secures-100m-financing-deal/KERSHIP launched the construction of the first of two OPV 60M offshore patrol vessels for the Montenegrin Navy at its Lorient shipyard on April 24 in the presence of Mr. Dragan Krapovic, Minister of Defense of Montenegro, Ms. Anne-Marie Maskay…
https://www.marinelink.com/news/kership-launches-construction-opv-m-525008
https://www.marinelink.com/news/kership-launches-construction-opv-m-525008