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A cargo of Iranian crude oil that was seized by the United States was unloading on Sunday after waiting two-and-a-half months off the coast of Texas to discharge, ship tracking data showed.Suez Rajan, a Marshall Islands-flagged tanker, has been anchored off Galveston…
https://www.marinelink.com/news/iranian-oil-cargo-unloaded-long-delay-507348
https://www.marinelink.com/news/iranian-oil-cargo-unloaded-long-delay-507348The lethargy in subcontinent recycling markets continues for another week as owners and cash buyers continue to offload tonnage at spiralling prices, chasing down rates seemingly by the day, reports GMS.“We have seen prices decline from over USD 600/LT LDT earlier this year…
https://www.marinelink.com/news/lethargy-continues-ship-recycling-market-507353
https://www.marinelink.com/news/lethargy-continues-ship-recycling-market-507353Tor Olav Trøim has stepped up his ambition in the offshore drilling market with plans to bring forward the delivery of two jackup rigs under construction in Singapore. Trøim’s Oslo and New York-listed Borr Drilling is in talks with Seatrium, the former Keppel yard, for an expedited delivery of its newbuilds Vale and Var to …
https://splash247.com/troims-borr-drilling-looks-to-speed-up-delivery-of-jackup-newbuilds/
https://splash247.com/troims-borr-drilling-looks-to-speed-up-delivery-of-jackup-newbuilds/The global offshore wind sector grapples with a fresh set of challenges in cost escalation and supply chain pressures and will need $27bn of secured investment by 2026 if it is to meet a fivefold growth in annual installations (excluding China) by 2030, according to energy consultancy Wood Mackenzie. The figure is based on Wood …
https://splash247.com/investments-of-27bn-needed-to-meet-global-offshore-wind-targets-by-2026/
https://splash247.com/investments-of-27bn-needed-to-meet-global-offshore-wind-targets-by-2026/High profile decisions at July’s Marine Environment Protection Committee will accelerate the International Maritime Organization’s decarbonisation ambitions for shipping, but a proposal of apparently smaller consequence could lay down a data marker for global emissions trading writes Eleni Polychronopoulou, the CEO of METIS. Fotini Ioannidou, head of maritime safety at the European Commission was recently …
https://splash247.com/data-is-the-key-to-a-future-of-emissions-trading/
https://splash247.com/data-is-the-key-to-a-future-of-emissions-trading/Hong Kong-based owner Landbridge has declared a purchase option on a VLCC currently on bareboat charter from John Fredriksen’s sale-and-leaseback specialist SFL Corp. SFL picked up the 2020 Dalian-built 308,000 dwt vessel for $65m as a newbuild resale and leased it back to Landbridge with purchase options attached together with an obligation to buy at …
https://splash247.com/landbridge-buys-back-vlcc-from-sfl/
https://splash247.com/landbridge-buys-back-vlcc-from-sfl/Ford Australia has signed a three-year charter to take Cido Shipping’s 2,600 ceu car carrier . The ship will ply routes from Ford’s Thailand manufacturing centres to customers in Australia and New Zealand. “We are investing significantly in tackling the ongoing supply chain issues head-on, with a focus on ensuring customer cars are delivered as …
https://splash247.com/ford-australia-charters-cido-car-carrier/
https://splash247.com/ford-australia-charters-cido-car-carrier/The reshuffle of operators at Europe’s largest port continues apace with Qatar coming onboard. QTerminals Group and Qatar Navigation have acquired a majority stake in Kramer Holding, a family-run company which runs the Rotterdam Container Terminal. No price has been revealed for the acquisition. “I’m very excited about this significant milestone in the journey of …
https://splash247.com/qatar-buys-into-rotterdam-port/
https://splash247.com/qatar-buys-into-rotterdam-port/A commercial executive who worked for Sembcorp Marine has appeared at a court in Singapore, charged with corruption offences. Balakrishnan Govindasamy, a 61-year-old Malaysian, stands accused of corruptly obtaining at least S$202,877 ($149,000) during a six-year period through to 2021 from nine contractors. Govindasamy faces a fine of up to S$100,000 or up to five …
https://splash247.com/singapore-yard-worker-faces-jail-sentence-over-corruption-charges/
https://splash247.com/singapore-yard-worker-faces-jail-sentence-over-corruption-charges/For the first time since 2017, container freight futures are returning to the Shanghai market today, home to the world’s largest container port. According to analysts at Linerlytica, the turnover hit RMB3.8bn ($500m) and counting in the first 30 minutes of trading. The product is now called the Containerized Freight Index Futures (CoFIF) and is …
https://splash247.com/container-freight-futures-return-to-shanghai/
https://splash247.com/container-freight-futures-return-to-shanghai/