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Norwegian offshore rig owner Dolphin Drilling has secured a new long-term contract with Harbour Energy for the semisubmersible drilling rig Paul B Loyd Jr in the UK sector of the North Sea. The contract will begin immediately after the expiry of the rig’s current firm term and follows the letter of intent announced in April. …
https://splash247.com/dolphin-drilling-firms-up-150m-semisub-deal-with-harbour-energy/
https://splash247.com/dolphin-drilling-firms-up-150m-semisub-deal-with-harbour-energy/A fire broke out early Monday on the non‑operational natural gas platform Habitat, located some 13 km offshore from Santa Barbara, during decommissioning operations. The fire ignited around 7 am local time while workers were working on the platform. The US Coast Guard said a gas leak ignited, but platform and emergency crews closed a …
https://splash247.com/fire-hits-california-offshore-platform-amid-trump-drilling-push/
https://splash247.com/fire-hits-california-offshore-platform-amid-trump-drilling-push/The global shipping industry is entering one of its most uneven periods in decades, according to the latest Shipping Market Review from Danish Ship Finance, with geopolitics, ageing fleets, environmental regulation and slowing globalisation reshaping virtually every major sector. The May 2026 edition paints a picture of an industry increasingly divided between winners and losers. …
The US Treasury Department has designated 12 individuals and entities for their roles facilitating the Islamic Revolutionary Guard Corps’ sale and shipment of Iranian oil to China, in the latest wave of sanctions under Washington’s Operation Economic Fury. The action, carried out by the Office of Foreign Assets Control under counterterrorism authority, targets a web …
https://splash247.com/us-cracks-down-on-irans-covert-crude-pipeline-to-china/
https://splash247.com/us-cracks-down-on-irans-covert-crude-pipeline-to-china/Norwegian shipowner Knutsen Group is being linked to another LNG carrier order at South Korea’s Hanwha Ocean, further expanding one of the industry’s largest long-term backed LNG orderbooks. The South Korean shipbuilder said on Monday it had secured a contract worth KRW363.2bn ($250.3m) for one LNG carrier from a “shipping company in Europe”. Market sources …
https://splash247.com/knutsen-stacks-lng-orderbook-higher-with-hanwha-ocean-deal/
https://splash247.com/knutsen-stacks-lng-orderbook-higher-with-hanwha-ocean-deal/Greek shipowner TMS Cardiff Gas is being linked to an order for two dual-fuel very large gas carriers (VLGCs) at South Korea’s HD Hyundai Heavy Industries as owner George Economou continues to expand his gas shipping portfolio. The vessels form part of a contract announced on Friday by HD Korea Shipbuilding & Offshore Engineering for …
https://splash247.com/economou-tied-to-vlgc-newbuild-slots-in-south-korea/
https://splash247.com/economou-tied-to-vlgc-newbuild-slots-in-south-korea/The minor bulks panel at last month’s Geneva Dry 2026 turned into a broader debate on how shifting commodity flows, geopolitical disruption and tightening vessel supply are reshaping the geared dry bulk market. The session — the third discussion of day two — focused on what is driving global minor bulk exports, the relatively modest …
https://splash247.com/geopolitical-shocks-tighten-geared-bulker-availability/
https://splash247.com/geopolitical-shocks-tighten-geared-bulker-availability/The seaborne bauxite trade – one of dry bulk shipping’s most reliable growth engines over the past five years – is facing pressure from two directions simultaneously: a potential Guinean export cap that could free up dozens of capesize vessels, and a Hormuz-driven supply chain crisis that is forcing Middle Eastern aluminium producers into costly …
https://splash247.com/bauxite-storm-brewing-for-capesizes/
https://splash247.com/bauxite-storm-brewing-for-capesizes/Auction prices for priority Panama Canal transits have climbed to an unprecedented $4m per vessel as geopolitical turmoil in the Middle East reshapes global shipping patterns and sends operators scrambling for alternative routes. The extraordinary fees, paid on top of standard canal tolls, underline how the Panama Canal has become one of the key pressure …
https://splash247.com/panama-canal-slot-auctions-hit-record-4m/
https://splash247.com/panama-canal-slot-auctions-hit-record-4m/Saronic has appointed two accomplished U.S. Army leaders as Strategic Advisors to support the company’s continued growth and deepen its work with the Army:• General James E. Rainey, U.S. Army (ret.), former Commanding General, United States…
https://www.marinelink.com/news/saronic-appoints-two-senior-army-leaders-539036
https://www.marinelink.com/news/saronic-appoints-two-senior-army-leaders-539036