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New York- and Oslo-listed tanker giant Frontline has lined up a 10-ship sale and leaseback deal in China to pay back money borrowed from controlling shareholder John Fredriksen. The deal worth up to $512.1m involves CMB Financial Leasing’s commitment to cover the refinancing of 10 suezmaxes, subject to execution of final documents, the company said. …
https://splash247.com/frontline-in-10-ship-leaseback-deal-to-clear-fredriksen-debt/
https://splash247.com/frontline-in-10-ship-leaseback-deal-to-clear-fredriksen-debt/COSCO Shipping, the world’s fourth largest containerline, has ordered a dozen 14,000 teu ships at a sister firm in Jiangsu province rounding off one of the busiest months for global containership orders ever. The state-run line is paying $2.15bn for the methanol dual-fuelled ships which will be built at COSCO Shipping Heavy Industry Yangzhou The …
https://splash247.com/cosco-orders-a-dozen-14000-teu-ships/
https://splash247.com/cosco-orders-a-dozen-14000-teu-ships/Australia’s largest sail-training tall ship was badly damaged this morning as it was struck by the 8,814 teu Maersk Shekou. The boxship also hit the Western Australian Maritime Museum while entering the inner harbour of Fremantle port this morning. The 1986-built STS Leeuwin II tall ship was dismasted in the accident, with two of its …
https://splash247.com/maersk-vessel-takes-out-tall-ship-and-hits-museum-while-entering-fremantle/
https://splash247.com/maersk-vessel-takes-out-tall-ship-and-hits-museum-while-entering-fremantle/The Houthis yesterday released footage of a group of militants boarding the Greek Sounion oil tanker in the Red Sea and detonating explosives. The dramatic video shows multiple explosives being laid across the ship. The Delta Tankers suezmax was attacked nine days ago, with its crew evacuating. Last Friday, the Houthis boarded the laden vessel …
https://splash247.com/satellite-images-show-worrying-4-km-trail-from-burning-sounion/
https://splash247.com/satellite-images-show-worrying-4-km-trail-from-burning-sounion/Decarbonising shipping could double the cost of transporting goods by containers, according to a new report from class society DNV. Ahead of next week’s SMM, the world’s largest shipping exhibition, DNV has released its latest Maritime Forecast to 2050, a 72-page publication now in its eighth edition. The in-depth report provides an updated outlook on …
The US Department of the Interior will hold an offshore wind energy lease sale off southern Oregon on October 15, 2024.The auction will be conducted by the Bureau of Ocean Energy Management and could generate more than 3.1 gigawatts of renewable energy if fully developed…
https://www.marinelink.com/news/first-oregon-offshore-wind-lease-sale-516520
https://www.marinelink.com/news/first-oregon-offshore-wind-lease-sale-516520The Grimaldi Group took delivery of the fifth G5-class multipurpose con-ro from Hyundai Mipo Dockyard.Named Great Casablanca, this vessel will operate between Northern Europe and West Africa, like all six sister ships in the series.With length of 250 metres…
https://www.marinelink.com/news/grimaldi-takes-delivery-fifth-516521
https://www.marinelink.com/news/grimaldi-takes-delivery-fifth-516521Niels Rasmussen, BIMCO’s Chief Shipping Analyst, predicts a stronger 2024 than 2023 for crude and product tankers.This is despite weaker cargo volumes during the first half of the year.The BIMCO Tanker Shipping Market Overview & Outlook August…
https://www.marinelink.com/news/muted-tanker-fleet-growth-boosts-market-516522
https://www.marinelink.com/news/muted-tanker-fleet-growth-boosts-market-516522Incat Tasmania has acquired a 12-hectare site in the Derwent Valley, located north-west of Hobart, Australia, to double its current shipbuilding capacity and workforce.The expansion plan for the site includes the construction of a 240 x 120meter production facility…
https://www.marinelink.com/news/incat-tasmania-double-shipbuilding-516523
https://www.marinelink.com/news/incat-tasmania-double-shipbuilding-516523As two U.S. aircraft carrier battle groups patrolled the Indian Ocean this week in an explicit effort to deter Iran from striking Israel and sparking a major regional conflict, a very different military messaging effort was underway in a luxury…
https://www.marinelink.com/news/us-navy-eyes-risky-new-waters-south-china-516524
https://www.marinelink.com/news/us-navy-eyes-risky-new-waters-south-china-516524