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Andrew Craig-Bennett warns about the risks of using prevalent knock-off spare parts. When a new ship leaves her builder for her maiden voyage, she will carry spare parts. We can probably – probably – assume that these spare parts, as well as the renewable and consumable components fitted in her mechanical and electrical systems, are genuine …
https://splash247.com/any-old-spares/
https://splash247.com/any-old-spares/Advantage Tankers has reportedly added to its newbuilding orderbook in a deal for a brace of VLCCs in South Korea. Greece’s Xclusiv Shipbrokers note the Geneva-based owner and operator of about 25 ships has booked the two 320,000 dwt units at Hanwha Ocean at $126.5m each. Established in 2014, the Nazli Williams-controlled company currently lists …
https://splash247.com/advantage-tankers-tied-to-south-korean-vlcc-orders/
https://splash247.com/advantage-tankers-tied-to-south-korean-vlcc-orders/The pirate attacks keep coming thick and fast in Indonesian waters of the Singapore Strait. Ambrey, a British maritime security specialist, reports that a Marshall Islands-flagged bulk carrier was boarded by four individuals while transiting eastbound through the Philip Channel, a patch of water that has become the global piracy hotspot in recent months. The …
https://splash247.com/bulk-carrier-becomes-latest-piracy-victim-in-the-singapore-strait/
https://splash247.com/bulk-carrier-becomes-latest-piracy-victim-in-the-singapore-strait/The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) has designated Iranian national and liquified petroleum gas (LPG) “magnate” Seyed Asadoollah Emamjomeh and his corporate network, for his role in shipping hundreds of millions of dollars’ worth of Iranian LPG and crude oil to foreign markets. Emamjomeh’s expansive network includes a vessel, …
https://splash247.com/us-targets-iranian-lpg-magnate/
https://splash247.com/us-targets-iranian-lpg-magnate/President Donald Trump has hinted at easing his aggressive trade stance with China, suggesting a significant reduction in the steep tariffs on Chinese imports amid ongoing market turbulence. Speaking at a White House press briefing on Tuesday, Trump indicated that the current tariffs, which have soared past 145%, will be scaled back considerably, though not …
https://splash247.com/trump-hints-at-china-tariff-row-back/
https://splash247.com/trump-hints-at-china-tariff-row-back/Non-Chinese shipowners can breathe a sigh of relief that they can still order most ship types risk-free in China, according to HSBC, following last week’s decision by the US Trade Representative to water down penalties on Chinese-linked tonnage. The competitiveness of Chinese yards remains intact, according to the global bank. “The diluted port fees will …
https://splash247.com/chinese-yards-largely-unscathed-from-us-port-fees/
https://splash247.com/chinese-yards-largely-unscathed-from-us-port-fees/There might be a 12.8m teu gap between them in group-wide annual throughput, but old rivals Hutchison Ports and PSA International are neck and neck when it comes to revenues these days, helping explain what a canny potential deal BlackRock and Mediterranean Shipping Co (MSC) have carved out for themselves. Source: Alphaliner The latest data …
https://splash247.com/hutchison-draws-level-with-psa-on-revenues/
https://splash247.com/hutchison-draws-level-with-psa-on-revenues/Belgium’s CMB.TECH and one of Europe’s largest dry bulk owners, Golden Ocean, have signed a term sheet for a stock-for-stock merger that will create a maritime giant with a combined fleet of more than 250 vessels. Under the agreement, unanimously approved by the boards of both companies, the shipowning vehicle controlled by the Saverys family …
https://splash247.com/cmb-tech-and-golden-ocean-merging-to-create-fleet-of-more-than-250-ships/
https://splash247.com/cmb-tech-and-golden-ocean-merging-to-create-fleet-of-more-than-250-ships/The superyacht that sank off Sicily last year, killing British tech tycoon Mike Lynch and six others, will be lifted out of the water next month after its mast is dismantled, people close to the matter said on Tuesday.The recovery of the British-flagged Bayesian…
https://www.marinelink.com/news/bayesian-salvage-commence-may-524925
https://www.marinelink.com/news/bayesian-salvage-commence-may-524925CMB.TECH and Golden Ocean Group have signed a term sheet for a contemplated stock-for-stock merger, with CMB.TECH as the surviving entity, based on an exchange ratio of 0.95 shares of CBM.TECH for each share of Golden Ocean.The Term Sheet has…
https://www.marinelink.com/news/cmbtech-golden-ocean-agree-stockforstock-524927
https://www.marinelink.com/news/cmbtech-golden-ocean-agree-stockforstock-524927