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S&P Global has agreed to acquire the automatic identification system (AIS) business of Orbcomm. The New York-headquartered company said the purchase, on undisclosed terms, will see one of the leading providers of ship tracking services integrated within its Global Market Intelligence division. Orbcomm’s AIS vessel tracking technology has for many years been utilised for supply …
https://splash247.com/sp-global-buys-orbcomms-ship-tracking-business/
https://splash247.com/sp-global-buys-orbcomms-ship-tracking-business/Singapore-based floater owner and operator Yinson Production has successfully structured and arranged a standby letter of credit and guarantee facility of $100m. The company added that the three-year facility, with options for extensions, expands Yinson Production’s “strategic financing toolkit to support the continuous growth” of the company. According to the Singapore firm, the agreement for …
https://splash247.com/yinson-production-secures-100m-financing-deal/
https://splash247.com/yinson-production-secures-100m-financing-deal/KERSHIP launched the construction of the first of two OPV 60M offshore patrol vessels for the Montenegrin Navy at its Lorient shipyard on April 24 in the presence of Mr. Dragan Krapovic, Minister of Defense of Montenegro, Ms. Anne-Marie Maskay…
https://www.marinelink.com/news/kership-launches-construction-opv-m-525008
https://www.marinelink.com/news/kership-launches-construction-opv-m-525008China's military said on Thursday that it had dispatched naval and air forces to monitor and warn a U.S. guided missile destroyer that sailed through the sensitive Taiwan Strait.The U.S. Navy, occasionally accompanied by ships from allied countries, transits the strait about once a month.
https://www.marinelink.com/news/china-military-says-monitored-warned-us-525010
https://www.marinelink.com/news/china-military-says-monitored-warned-us-525010Three more Russian insurers, including a subsidiary of top lender Sberbank, have asked India for approval to provide marine insurance for oil shipments sent to Indian ports, two sources with knowledge of the matter said, as Moscow looks to maintain…
https://www.marinelink.com/news/russian-insurers-seek-indias-approval-525011
https://www.marinelink.com/news/russian-insurers-seek-indias-approval-525011China's Foreign Ministry said on Thursday (April 24) that its structure in disputed waters is a legitimate fishery breeding facility and compliant with both domestic and international law.The South Korean government had earlier expressed "deep concern" over China erecting a sea structure off the wes
https://www.marinelink.com/news/china-cites-disputed-sea-structure-a-fish-525012
https://www.marinelink.com/news/china-cites-disputed-sea-structure-a-fish-525012The Philippine Navy said a Chinese aircraft carrier battle group had passed near its northern maritime boundaries in the run-up to a six-day maritime exercise with the U.S. that began on Thursday as part of their annual Balikatan military drills.The coordinated naval drills…
https://www.marinelink.com/news/chinese-aircraft-carrier-battle-group-525013
https://www.marinelink.com/news/chinese-aircraft-carrier-battle-group-525013Britain urged closer international cooperation to improve energy security on Thursday, telling dozens of other governments and business leaders that they would otherwise be vulnerable to those who were willing to weaponise supplies.Security…
https://www.marinelink.com/news/britain-emphasizes-collaboration-energy-525014
https://www.marinelink.com/news/britain-emphasizes-collaboration-energy-525014The U.S. Interior Department said on Thursday it has implemented new guidelines for allowable pressure differences in a certain type of oil drilling in part of the Gulf of Mexico, changes it expects can boost U.S. oil output.President Donald…
https://www.marinelink.com/news/us-doi-implements-new-guidelines-gulf-525015
https://www.marinelink.com/news/us-doi-implements-new-guidelines-gulf-525015The Baltic Exchange's dry bulk sea freight index extended gains on Thursday, reaching a more than two-week high, on stronger rates across all vessel segments.* The main index .BADI, which monitors rates for capesize, panamax, and supramax shipping vessels…
https://www.marinelink.com/news/baltic-index-rises-twoweek-high-525016
https://www.marinelink.com/news/baltic-index-rises-twoweek-high-525016