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Floater specialist BW Offshore has revised the contract structure for the FPSO BW Catcher in the UK North Sea, securing firmer cash flow visibility through the end of the decade while opening the door for future redeployment opportunities for the vessel. The Oslo-listed company said it had agreed amendments with the Catcher field partners that …
https://splash247.com/bw-offshore-secures-firmer-timeline-for-uk-north-sea-fpso/
https://splash247.com/bw-offshore-secures-firmer-timeline-for-uk-north-sea-fpso/Why authority and accountability no longer align in modern shipping. By Sunil Kapoor. A 20-year-old ship is often judged by her age. In reality, age matters far less than how a vessel has been maintained and operated. After more than forty years in shipping, at sea and ashore, I have learned that paperwork rarely tells …
https://splash247.com/decisions-by-many-responsibility-by-one/
https://splash247.com/decisions-by-many-responsibility-by-one/The Sustainable Shipping Initiative (SSI) has released the first integrated, industry-wide mapping of crew welfare, wellbeing and safety data in shipping, funded by the Lloyd’s Register Foundation. Published as a standalone resource for the sector, the library is a reference point for owners, operators, insurers, charterers, financiers and seafarer organisations seeking to understand and act …
https://splash247.com/crew-welfare-data-map-launched/
https://splash247.com/crew-welfare-data-map-launched/The Trump administration has launched a formal initiative to develop small modular reactors (SMRs) for commercial shipping, instructing the Maritime Administration to canvass industry and innovators on how nuclear propulsion could be deployed across American fleets at scale. Transportation secretary Sean Duffy announced the initiative on Thursday. MARAD has issued a request for information seeking …
https://splash247.com/trump-administration-launches-nuclear-powered-shipping-initiative/
https://splash247.com/trump-administration-launches-nuclear-powered-shipping-initiative/London-based Zodiac Maritime is making a major move into the gas carrier sector, ordering a series of very large ammonia carriers in South Korea as the company expands beyond its recent tanker and containership buying spree. The Eyal Ofer-controlled diversified owner has contracted Hanwha Ocean for three firm VLACs, with options that could lift the …
https://splash247.com/zodiac-targets-ammonia-shipping-with-hanwha-deal/
https://splash247.com/zodiac-targets-ammonia-shipping-with-hanwha-deal/New York-listed dry bulk rivals Genco Shipping & Trading and Diana Shipping have stepped up their increasingly bitter takeover battle, with both companies launching fresh attacks ahead of Genco’s June shareholder meeting. The latest round began with Genco stepping up its defence against Diana’s acquisition push by filing definitive proxy materials tied to its June …
https://splash247.com/genco-steps-up-fight-against-diana-takeover-push/
https://splash247.com/genco-steps-up-fight-against-diana-takeover-push/Technology, trust and the limits of automation dominated debate at the opening session of day two at last week’s Geneva Dry 2026, where owners, charterers, traders and technology providers gathered to discuss how digital tools are reshaping dry bulk shipping’s supply chain. The Digital Efficiency Drivers Across The Dry Bulk Supply Chain panel focused on …
https://splash247.com/small-inefficiencies-still-costing-dry-bulk-millions-geneva-dry/
https://splash247.com/small-inefficiencies-still-costing-dry-bulk-millions-geneva-dry/With the Hormuz crisis into its third month, terminal operator DP World has launched a first-of-its-kind cargo war risk insurance solution to help businesses navigate disruption across Middle East trade routes. The solution provides continuous coverage across the entire supply chain, from ocean or air transit through port storage and inland delivery. The solution covers …
https://splash247.com/dp-world-moves-into-shipping-war-risk-insurance/
https://splash247.com/dp-world-moves-into-shipping-war-risk-insurance/Monday saw the Trump administration launch the short-lived Project Freedom, an operation to get stranded vessels out of Hormuz. It was ditched the following day with the security situation in the Middle East deteriorating, ships hit, and Iran issuing fresh navigation guidelines claiming control over a widened section of the strait. This week’s Contributions pick …
ABS, HD Hyundai and Anduril Industries have signed a memorandum of understanding (MoU) to explore autonomous maritime capabilities.The MoU establishes a framework for the organizations to enable end-to-end solutions encompassing vessel design…
https://www.marinelink.com/news/abs-hd-hyundai-anduril-industries-advance-538953
https://www.marinelink.com/news/abs-hd-hyundai-anduril-industries-advance-538953