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With tensions high in the Middle East as US military forces threaten Iran, Washington’s Office of Foreign Assets Control (OFAC) has once again pressed the sanctions button, going after Tehran’s shadow fleet. “Iran exploits financial systems to sell illicit oil, launder the proceeds, procure components for its nuclear and conventional weapons programs, and support its …
https://splash247.com/us-sanctions-12-more-iranian-linked-vessels/
https://splash247.com/us-sanctions-12-more-iranian-linked-vessels/With the two-month countdown due this week, the third edition of Geneva Dry, the world’s premier commodities shipping conference, is selling tickets at a brisk pace as the dry bulk industry takes note of this year’s stellar line-up on stage. New confirmed speakers include Angad Banga, the newly minted CEO at Hong Kong’s Caravel Group, …
https://splash247.com/geneva-dry-adds-heavyweight-panelists-and-new-hard-talk-workshop/
https://splash247.com/geneva-dry-adds-heavyweight-panelists-and-new-hard-talk-workshop/In Chinese culture, 60 years signifies the beginning of a new life, symbolising the rebirth of a person or institution. It also represents five full cycles of the twelve Chinese zodiac signs. The year 2026 – the Year of the Fire Horse – marks the 60th anniversary since the launch of the Idemitsu Maru, the …
CMB Tech reported fourth-quarter core earnings above market expectations on Thursday as robust tanker and dry-bulk markets allowed the Belgian shipping group to lock in charter contracts and sell older ships at high prices.The tanker group said market conditions remain supportive into early 2026…
https://www.marinelink.com/news/cmb-tech-profit-boosted-freight-boom-high-536211
https://www.marinelink.com/news/cmb-tech-profit-boosted-freight-boom-high-536211Norwegian offshore vessel owner Eidesvik Offshore has secured a further contract extension from Aker BP for the platform supply vessel Viking Prince. The 2012-built PSV will remain on hire for about two more months, extending its current contract to the end of April. The latest award follows an extension agreed last November that kept the …
https://splash247.com/eidesvik-wins-psv-extension-from-aker-bp/
https://splash247.com/eidesvik-wins-psv-extension-from-aker-bp/Norwegian rig owner Deep Value Driller has agreed to sell its seventh-generation drillship Deep Value Driller to Eldorado Drilling for $300m, after a last-minute higher bid derailed a previously announced deal with Italy’s Saipem. The company had announced earlier this month that it planned to sell the 2014-built ultra-deepwater unit to Saipem for about $272.5m, …
https://splash247.com/eldorado-outbids-saipem-in-drillship-sale/
https://splash247.com/eldorado-outbids-saipem-in-drillship-sale/Croatia is assessing whether it can lawfully import seaborne Russian crude oil to supply to Hungary and Slovakia after the Druzhba pipeline supplying them via Ukraine was damaged, the European Commission said on Wednesday.Supply via Druzhba to Hungary and Slovakia…
https://www.marinelink.com/news/croatia-looking-legality-importing-536161
https://www.marinelink.com/news/croatia-looking-legality-importing-536161Babcock International Group has achieved two milestones in the delivery of the Royal Navy’s Type 31, Inspiration Class program, as the Steel Cut for HMS Bulldog and the Rollout of HMS Active took place at their Rosyth facility in Scotland.The…
https://www.marinelink.com/news/babcock-celebrates-milestones-type-536168
https://www.marinelink.com/news/babcock-celebrates-milestones-type-536168OceanTools is celebrating two projects that highlight their engineering expertise and versatility. From designing subsea pressure housings for a well-known space technology company to creating solutions for the world’s deepest oceans, their…
https://www.marinelink.com/news/oceantools-celebrates-recent-project-536169
https://www.marinelink.com/news/oceantools-celebrates-recent-project-536169To offer U.S. fabricators access to advanced welding processes that improve performance and profitability, ESAB has collaborated with distributor Linde Gas & Equipment to sell welding technology from German manufacturer EWM in North America.
https://www.marinelink.com/news/ewm-welding-technology-sold-north-america-536174
https://www.marinelink.com/news/ewm-welding-technology-sold-north-america-536174