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Foreign owners are beginning to get anxious into the impending conclusions of the US probe into Chinese shipbuilding, aware that some of the possible recommendations could be highly punitive. The US Trade Representative (USTR) launched an investigation into China’s shipbuilding practices this April, with the Biden administration reacting to unions and bipartisan calls to clamp …
https://splash247.com/results-from-us-probe-into-chinese-shipbuilding-expected-soon/
https://splash247.com/results-from-us-probe-into-chinese-shipbuilding-expected-soon/Oslo-listed seismic data specialist TGS has won an extension of an ocean bottom node (OBN) data acquisition contract in the Gulf of Mexico. TGS, which is set to merge with compatriot offshore seismic acquisition specialist and vessels player PGS, said that the extension to an existing deal was for four months and that it would build …
https://splash247.com/tgs-wins-obn-contract-extension-in-gulf-of-mexico/
https://splash247.com/tgs-wins-obn-contract-extension-in-gulf-of-mexico/Saudi Arabia’s flagship line Bahri has snapped up nine very large crude carriers from Evangelos Marinakis-controlled Capital Maritime & Trading. The company said in a Tadawul filing Tuesday it would be paying about $1bn in total for the scrubber-fitted ships delivering by the end of the first quarter of 2025. The deal will be financed …
https://splash247.com/bahri-splashes-1bn-on-nine-marinakis-vlccs/
https://splash247.com/bahri-splashes-1bn-on-nine-marinakis-vlccs/Divers scoured the wreck of a luxury yacht off Sicily's coast on Tuesday to find six missing people, including British tech entrepreneur Mike Lynch and a Morgan Stanley executive, following an intense storm that sank the vessel on Monday.The British-flagged Bayesian…
https://www.marinelink.com/news/mike-lynch-morgan-stanley-chief-focus-516135
https://www.marinelink.com/news/mike-lynch-morgan-stanley-chief-focus-516135An arbitration panel that will decide a high-profile clash between Exxon Mobil and Chevron will delve into the secret value of Hess' oil riches in Guyana, people familiar with the matter said.Chevron last October offered to pay $53 billion for Hess…
https://www.marinelink.com/news/hess-guyanas-value-central-exxon-mobile-516136
https://www.marinelink.com/news/hess-guyanas-value-central-exxon-mobile-516136Marlink extended its Sealink NextGen solution for Solstad Offshore to include a flexible fleet agreement for Starlink LEO services, aimed at increasing the flexibility to allocate data according to actual needs at any given time across the fleet.Marlink…
https://www.marinelink.com/news/marlink-upgrades-solstad-offshore-hybrid-516142
https://www.marinelink.com/news/marlink-upgrades-solstad-offshore-hybrid-516142Mitsui O.S.K. Lines, Ltd. completed the purchase on the market of 89,500 shares of common stock of MODEC, Inc. and along with the 10,162,300 shares already acquired in June 2023, MOL now holds a 15% stake in MODEC and will make it an equity…
https://www.marinelink.com/news/mol-increases-stake-modec-516143
https://www.marinelink.com/news/mol-increases-stake-modec-516143Volue and Jua announce a partnership to harness the power of AI driven weather predictionVolue announced a partnership agreement with Jua that the tandem see as revolutionizing weather prediction for the renewable energy market. The partnership…
https://www.marinelink.com/news/inside-future-aidriven-weather-prediction-516144
https://www.marinelink.com/news/inside-future-aidriven-weather-prediction-516144DeepOcean won a contract extension with Diavaz for the vessel, Arbol Grande. The vessel will work on Inspection Maintenance and Repair (IMR) services in Mexico for the next five years.Arbol Grande is a construction and subsea vessel, delivered…
https://www.marinelink.com/news/deepocean-wins-vessel-contract-extension-516146
https://www.marinelink.com/news/deepocean-wins-vessel-contract-extension-516146The Johns Hopkins Applied Physics Laboratory (APL) in Laurel, Maryland, and the U.S. Coast Guard Research and Development Center (RDC) in New London, Connecticut, have signed a comprehensive memorandum of understanding (MOU) to team up on addressing…
https://www.marinelink.com/news/johns-hopkins-apl-uscg-team-address-516150
https://www.marinelink.com/news/johns-hopkins-apl-uscg-team-address-516150