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With the 60th anniversary of Nor-Shipping now underway, Norway’s most famous shipowner has used the occasion to voice his displeasure at what he sees as Oslo’s lack of interest in shipping. Norwegian-born shipping magnate John Fredriksen has sharply criticised Norway’s political climate for maritime business in an interview yesterday with Finansavisen, a leading Norwegian business …
Oslo-listed Wallenius Wilhelmsen has secured a renewed logistics contract with one of its long-standing strategic automotive original equipment manufacturer (OEM) partners. The new deal spans three years and is expected to generate about $100m in revenue. The company, which operates a fleet of about 125 vessels globally, emphasized that the deal reinforces a trusted relationship …
https://splash247.com/wallenius-wilhelmsen-locks-in-100m-contract-renewal/
https://splash247.com/wallenius-wilhelmsen-locks-in-100m-contract-renewal/John Fredriksen-backed Flex LNG has arranged a $175m lease financing for its 173,400 cu m Flex Courageous LNG carrier. The JOLCO refinancing deal will generate net proceeds of approximately $42m and extend debt maturity to 2035. The deal will also significantly reduce the cost of debt by around 1.5% per annum. The refinancing of the …
https://splash247.com/flex-lng-hammers-out-175m-refinancing-deal-for-lng-carrier/
https://splash247.com/flex-lng-hammers-out-175m-refinancing-deal-for-lng-carrier/Malaysian oilfield services company Bumi Armada and its joint venture partner Shapoorji Pallonji Energy (SP Energy) have won a contract from ONGC for the bareboat charter of the Armada Sterling II FPSO. The vessel will continue operating on ONGC’s Cluster 7 field about 210km off the west coast of Mumbai. The initial agreement between the …
https://splash247.com/bumi-armada-jv-nets-three-year-fpso-deal-in-india/
https://splash247.com/bumi-armada-jv-nets-three-year-fpso-deal-in-india/Norwegian gas shipowner Solvang and BlackRock’s Global Infrastructure Partners (GIP) have established a liquefied gas shipping joint venture. The new 50:50 joint venture will be named Solvang Gas Carriers. It will initially own Solvang’s fleet of 13 VLGCs designed to transport LPG and ammonia, and will pursue growth across LPG, ammonia, ethane, and CO2 shipping. …
https://splash247.com/solvang-and-blackrocks-gip-form-liquefied-gas-shipping-firm/
https://splash247.com/solvang-and-blackrocks-gip-form-liquefied-gas-shipping-firm/UK shipowner Union Maritime has launched a new lease financing programme, which will help accelerate the adoption of wind-assisted propulsion systems in the maritime sector. The new programme, named SeaBreeze, offers 100% financing, making sustainable technologies more accessible for shipowners aiming to meet evolving emissions targets. Under the programme, the company will partner with wind-assisted …
https://splash247.com/union-maritime-launches-financing-scheme-to-spur-wind-propulsion-use/
https://splash247.com/union-maritime-launches-financing-scheme-to-spur-wind-propulsion-use/Wallenius Wilhelmsen, the world’s largest RoRo vessel operator, has renewed logistics contract with one of its long-standing strategic automotive OEM customers.The revenues are estimated to be around $100 million over the contract period of three years.As part of the contract…
https://www.marinelink.com/news/wallenius-wilhelmsen-nets-m-logistics-526377
https://www.marinelink.com/news/wallenius-wilhelmsen-nets-m-logistics-526377Singaporean shipbuilder Strategic Marine has delivered two new Crew Transfer Vessels (CTVs) to Louis Dreyfus Armateurs (LDA), expanding its high-specification offshore wind support fleet.The newly delivered StratCat 27 vessels, sister ships to Acti’Vent and Esti’Vent…
https://www.marinelink.com/news/louis-dreyfus-takes-delivery-two-new-526378
https://www.marinelink.com/news/louis-dreyfus-takes-delivery-two-new-526378Mitsui O.S.K. Lines (MOL) has taken delivery of the Kohzan Maru VII, a newbuilding dual-fuel methanol carrier, which will serve Mitsubishi Gas Chemical Company (MGC) under a long-term charter.The Kohzan Maru VII was delivered at HD Hyundai Mipo shipyard…
https://www.marinelink.com/news/mol-mitsubishi-welcome-dualfuel-methanol-526381
https://www.marinelink.com/news/mol-mitsubishi-welcome-dualfuel-methanol-526381Retrofit specialist GLO Marine has secured hydraulic system upgrade job on Bluewater’s Haewene Brim floating production, storage and offloading (FPSO) unit, following the successful delivery of the project’s first phase.The contract builds on…
https://www.marinelink.com/news/glo-marine-upgrade-hydraulic-system-526383
https://www.marinelink.com/news/glo-marine-upgrade-hydraulic-system-526383