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October bulker sales are fired up by firming capsize rates, fuelling excitement in the larger segments. With the Golden Week over in China, more deals are expected to filter in during the coming days. Capesize spot earnings have hit year-high numbers closing in on $30,000 a day in recent days. “The low rainy season has …
https://splash247.com/cape-sales-jump-in-line-with-soaring-rates/
https://splash247.com/cape-sales-jump-in-line-with-soaring-rates/Maersk has revealed the design of its new-look series of 16,200 teu methanol-fuelled ships which feature the accommodation at the bow and no islands along the vessel. The first in a series of 12 methanol-enabled containerships made its launching and undocking milestone over the weekend. The ship is under construction at HD Hyundai Heavy Industries …
https://splash247.com/maersk-unveils-new-look-boxship/
https://splash247.com/maersk-unveils-new-look-boxship/The war that has broken out between Israel and Hamas has shuttered one port 10 km north of the border with the Gaza Strip, currently being pounded by the Israel Defense Forces (pictured), while international shipping has been cautioned to exercise extreme caution when transiting near the region. Ashkelon, Israel’s biggest oil terminal, has been …
https://splash247.com/shipping-on-alert-as-israels-war-with-hamas-enters-fourth-day/
https://splash247.com/shipping-on-alert-as-israels-war-with-hamas-enters-fourth-day/Turan Drilling & Engineering, a joint venture between drilling and engineering contractor, KCA Deutag and drilling and integrated well services company, SOCAR AQS, has secured a contract extension in Azerbaijan worth $300m. The two-year extension, effective from April 2024, will see Turan continue to deliver drilling operations and maintenance as well as procurement and warehouse …
https://splash247.com/kca-deutag-azerbaijan-venture-lands-300m-contract-extension/
https://splash247.com/kca-deutag-azerbaijan-venture-lands-300m-contract-extension/Singapore offshore vessel player and shipyard Marco Polo Marine has formed another joint venture company with Taiwan’s Shengfan. The company’s subsidiary, Marco Polo Offshore, has incorporated M Renewables in the Cayman Islands, where it will hold a 49% ownership stake. Back in 2021, the duo set up a jv company, Oceanic Crown Offshore Marine Services, …
https://splash247.com/marco-polo-marine-sets-up-another-joint-venture-with-taiwans-shengfan/
https://splash247.com/marco-polo-marine-sets-up-another-joint-venture-with-taiwans-shengfan/The European Commission has decided not to extend the EU legal framework which exempts liner shipping consortia from EU antitrust rules. The Commission said on Tuesday that the Consortia Block Exemption Regulation (CBER) no longer promotes competition in the shipping sector and therefore it will let it expire on April 25, 2024. Today’s decision follows …
https://splash247.com/eu-puts-a-stop-to-antitrust-exemption-for-liner-shipping-consortia/
https://splash247.com/eu-puts-a-stop-to-antitrust-exemption-for-liner-shipping-consortia/Subsea services company DeepOcean and the Norwegian oil and gas company Aker BP have agreed to "pioneer" the use of an unmanned surface vessel (USV) for subsea inspection, maintenance, and repair (IMR) and survey work.The first USV is planned to be ready for offshore operations from 2025…
https://www.marinelink.com/news/unmanned-surface-vessel-set-transform-508633
https://www.marinelink.com/news/unmanned-surface-vessel-set-transform-508633Maritime propulsion specialist Schottel said Tuesday it is expanding its thruster factory in Dörth, Germany, to include a logistics center with a capacity of around 4,000 square meters.A contract for the expansion has now been signed with general…
https://www.marinelink.com/news/schottel-bulding-new-logistics-center-508646
https://www.marinelink.com/news/schottel-bulding-new-logistics-center-508646Cargo shipping companies will from next year no longer enjoy a decades-long exemption from EU rules against anti-competitive agreements because this derogation does not boost competition any more, EU antitrust regulators said on Tuesday.First adopted in 2009, the Consortia Block Exemption Regulation
https://www.marinelink.com/news/cargo-shipping-lose-eu-antitrust-508649
https://www.marinelink.com/news/cargo-shipping-lose-eu-antitrust-508649Offshore anchor handling company Viking Supply Ships announced it has signed a contract for Far Senator (to be named Andreas Viking) for operations offshore Australia.With operations performed by Go Offshore, the vessel will be operated under…
https://www.marinelink.com/news/viking-supply-ships-secures-contract-508650
https://www.marinelink.com/news/viking-supply-ships-secures-contract-508650