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UK-based oil and gas company Tullow Oil has signed a sale and purchase agreement with TEN Ghana to acquire the Prof. John Evans Atta Mills FPSO for a gross consideration of $205 million. The acquisition was conducted by Tullow’s wholly owned subsidiary, Tullow Ghana Limited, on behalf of itself and its TGL joint venture partners. …
https://splash247.com/tullow-oil-buys-ghana-fpso-from-modec-for-205m/
https://splash247.com/tullow-oil-buys-ghana-fpso-from-modec-for-205m/Offshore support vessel owner Tidewater has entered into a definitive agreement to acquire all outstanding shares of Wilson Sons Ultratug Participações and its affiliate Atlantic Offshore Services in a deal worth around $500m. Under the terms of the Transaction, Tidewater will acquire all outstanding shares of the company for cash consideration to be funded from …
https://splash247.com/tidewater-to-add-22-psvs-in-major-brazil-expansion/
https://splash247.com/tidewater-to-add-22-psvs-in-major-brazil-expansion/Anaïs Rios, senior shipping policy officer at Seas At Risk, writes for Splash today on what is shaping up to be a pivotal year for shipping’s decarbonisation pathways. At the last International Maritime Organization (IMO) meeting, I sat in the plenary room, watching what felt like a telenovela. Full of twists, surprise interventions, sharp turns, …
https://splash247.com/the-imo-net-zero-framework-survives-now-ambition-must-return/
https://splash247.com/the-imo-net-zero-framework-survives-now-ambition-must-return/A.P. Moller Capital has completed a final close on a Morocco-focused transport and logistics fund. A.P. Moller Capital Morocco closed with total commitments of MAD1.64bn ($178m). In addition, A.P. Moller Capital – Emerging Markets Infrastructure Fund II K/S (EMIF II) has pledged a further MAD600m, taking the total pool available to $243m for investments across …
https://splash247.com/a-p-moller-capital-raises-243m-to-invest-in-morocco/
https://splash247.com/a-p-moller-capital-raises-243m-to-invest-in-morocco/As Chinese buyers have been hoovering up capes at roughly one ship per week this year — mostly vintage tonnage around 18 years of age — European buyers have been largely absent from global broking reports. One notable exception is Geneva-headquartered Mercuria Energy. Brokers tie the trader to the 182,100 dwt Epic (built 2010 at …
https://splash247.com/active-mercuria-energy-adds-a-cape/
https://splash247.com/active-mercuria-energy-adds-a-cape/New York-listed Greek owner Costamare Bulkers is continuing its fleet renewal programme, adding a modern Japanese-built ultramax while offloading two older vessels. The company has agreed to acquire the 2018-built, 60,297 dwt dry bulk vessel Koushun, which will be renamed Astros. Delivery is expected between the first and second quarters of 2026. The ship is …
https://splash247.com/costamare-bulkers-swaps-ageing-tonnage-for-modern-japanese-ultramax/
https://splash247.com/costamare-bulkers-swaps-ageing-tonnage-for-modern-japanese-ultramax/Towards the end of last week, Teekay Tankers exited the VLCC sector, selling the 2013-built, 318,700 dwt Singapore Spirit — formerly Hong Kong Spirit — for $84.5m. Over the weekend, brokers linked the usual suspect these days, Sinokor, to the deal. The sale follows CMB.TECH’s disposal earlier this month of the 2012-built, 314,000 dwt Ingrid …
https://splash247.com/15-year-old-vlcc-values-jump-57-year-on-year-as-sinokor-linked-to-teekay-exit/
https://splash247.com/15-year-old-vlcc-values-jump-57-year-on-year-as-sinokor-linked-to-teekay-exit/With Geneva Dry 2026 on the horizon, market players are weighing how the dry bulk sector could look by late April against a backdrop of geopolitical tension, regulatory shifts and continued freight volatility. One of the companies closely involved in freight and commodity risk management is the European Energy Exchange (EEX), which operates global markets …
https://splash247.com/geneva-dry-dialogues-european-energy-exchange/
https://splash247.com/geneva-dry-dialogues-european-energy-exchange/Opposition to Hapag-Lloyd’s planned takeover of Israeli line ZIM is growing, with union protests and the controversial sale debated at the Knesset, Israel’s parliament, yesterday. Hapag-Lloyd unveiled a $4.2bn takeover offer for ZIM a week ago (pictured), in a deal that would carve out a ‘New ZIM’ made up of 16 vessels to be separated …
https://splash247.com/opposition-to-zims-sale-to-hapag-lloyd-grows/
https://splash247.com/opposition-to-zims-sale-to-hapag-lloyd-grows/Tariffs are back at the top of the shipping news agenda once again, creating confusion just as the transpacific contracting season gets underway. On Friday, the US Supreme Court ruled that president Donald Trump violated federal law by using the International Emergency Economic Powers Act (IEEPA) to unilaterally impose sweeping global tariffs. In response, Trump …
https://splash247.com/trump-tariff-turmoil-clouds-transpacific-contracting-season/
https://splash247.com/trump-tariff-turmoil-clouds-transpacific-contracting-season/