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The Lithuanian prime minister, Ingrida Šimonytė, has said a ship carrying a potentially explosive cargo which is seeking to call in the country for urgent repairs will be denied access. Splash reported last week that the Ruby, a 37,000 dwt open hatch carrier carrying 20,000 tons of ammonium nitrate, sought emergency refuge at the port …
https://splash247.com/lithuanian-pm-turns-away-ship-carrying-ammonium-nitrate/
https://splash247.com/lithuanian-pm-turns-away-ship-carrying-ammonium-nitrate/Singapore-listed Yangzijiang Shipbuilding, China’s largest private shipbuilder, has entered into a joint venture agreement with Japan’s Tsuneishi Holdings to acquire a 34% equity stake in Tsuneishi Group (Zhoushan) Shipbuilding through a private share allotment worth $117m. Over the years, the two companies have collaborated in various areas of shipbuilding through their joint venture in Jiangsu …
https://splash247.com/yangzijiang-buys-into-tsuneishis-china-yard/
https://splash247.com/yangzijiang-buys-into-tsuneishis-china-yard/Finally putting to bed one of this year’s longer-running takeover sagas, which has seen multiple containerlines linked, Danish logistics giant DSV today confirmed that it signed an agreement to acquire Schenker from Deutsche Bahn for €14.3bn ($15.83bn). In the long process of selling Schenker, containerlines such as Maersk and Hapag-Lloyd were linked with a possible …
https://splash247.com/dsv-wins-the-race-to-acquire-schenker/
https://splash247.com/dsv-wins-the-race-to-acquire-schenker/Broker BRS has provided an update on one of the main shipping themes of 2024 – China’s strengthening grip on the world’s shipbuilding output. Splash has been reporting regularly on how Chinese yards are being expanded or reactivated as the nation takes on a record-long orderbook stretching deep into 2027. In terms of vessel delivery …
https://splash247.com/china-strengthens-grip-on-global-shipbuilding/
https://splash247.com/china-strengthens-grip-on-global-shipbuilding/There has been widespread international condemnation of a Russian missile strike on a Greek-operated bulk carrier off Romania this week, although security analysts are unsure whether this was a hit specifically aiming at a merchant ship or a misguided strike as part of a wider campaign against Ukrainian infrastructure in the region. Marking the first …
https://splash247.com/condemnation-rains-in-over-russian-strike-on-greek-bulker-in-the-black-sea/
https://splash247.com/condemnation-rains-in-over-russian-strike-on-greek-bulker-in-the-black-sea/October 1 looks increasingly like the date that will decide Q4 liner fortunes with the incredibly volatile spot markets in free-fall at present, and seemingly only a big American dockworker strike as the sole major event on the horizon to soak up tonnage and halt the slide. Having lost 8% the week before, Drewry’s World …
https://splash247.com/us-east-coast-in-focus-as-box-spot-rates-nosedive/
https://splash247.com/us-east-coast-in-focus-as-box-spot-rates-nosedive/Indian owner Great Eastern Shipping has made a deal to sell its 2005-built suezmax crude tanker Jag Lalit to an unaffiliated third party. The deal for the 158,344 dwt vessel was made on Friday and the delivery is expected to occur by the third quarter of the fiscal year 2025. Including Jag Lalit, the company’s …
https://splash247.com/great-eastern-shipping-gets-rid-of-19-year-old-suezmax/
https://splash247.com/great-eastern-shipping-gets-rid-of-19-year-old-suezmax/Italian energy services contractor Saipem has been awarded an extension for one of its rigs by oil and gas operator Aker BP. Aker BP gave an extension to the Scarabeo 8 semisub which is currently under contract with the company until the end of 2025. Initially, the rig won a three-year, $325m deal with Aker …
https://splash247.com/saipem-semisub-to-stay-with-aker-bp-for-one-more-year/
https://splash247.com/saipem-semisub-to-stay-with-aker-bp-for-one-more-year/RV Resilience, a new hybrid research vessel designed by Incat Crowther and built by Snow & Company in Seattle, has been delivered to the U.S. Department of Energy’s Pacific Northwest National Laboratory (PNNL).RV Resilience is the Department of Energy’s first hybrid electric-diesel research vessel.
https://www.marinelink.com/news/us-national-lab-takes-delivery-first-517034
https://www.marinelink.com/news/us-national-lab-takes-delivery-first-517034The Jefferson County Port Authority (JCPA) has finalized the purchase of approximately 18 acres along the Mississippi River in Herculaneum, Missouri, in a $20 million deal with Riverview Commerce Park, LLC (RCP). This acquisition marks the establishment…
https://www.marinelink.com/news/jefferson-county-port-authority-buys-land-517038
https://www.marinelink.com/news/jefferson-county-port-authority-buys-land-517038