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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/The 9,400 teu dropped anchor off Istanbul this morning, completing a hugely significant voyage, becoming the first of some 60 ships to leave having been stranded in Ukrainian waters since war broke out with Russia 541 days ago. Other marooned vessels are now readying voyage plans to make use of Ukraine’s newly created humanitarian corridor …
From bad to worse. The sense of despondency that has set in among many dry bulk owners this year has added a further layer of glumness with news from New York where China’s Evergrande Group, an embattled real estate developer, has sought Chapter 15 bankruptcy protection. Chinese real estate is one of the biggest drivers …
https://splash247.com/dry-bulks-malaise-ever-grander-with-demise-of-top-chinese-property-developer/
https://splash247.com/dry-bulks-malaise-ever-grander-with-demise-of-top-chinese-property-developer/Poland's Orlen has signed a contract with state-owned pipeline operator Gaz-System for the regasification of up to 58 liquefied natural gas (LNG) cargoes per year at a planned floating gas terminal, the energy company said on Friday.Poland has…
https://www.marinelink.com/news/polands-orlen-gazsystem-sign-gas-deal-507333
https://www.marinelink.com/news/polands-orlen-gazsystem-sign-gas-deal-507333The U.S. Army Corps of Engineers, St. Paul District, began dredging the Mississippi River navigation channel near Brownsville, Minn., in Pool 8 this week to ensure the channel remains open for commercial navigation.Dredging is expected to continue…
https://www.marinelink.com/news/usace-begins-dredging-near-brownsville-507335
https://www.marinelink.com/news/usace-begins-dredging-near-brownsville-507335Houston-based dredging contractor Great Lakes Dredge & Dock has been awarded a contract from the U.S. Army Corps of Engineers' New Orleans District for Mississippi River dredging in Plaquemines, La.Great Lakes was one of two bidders for the project…
https://www.marinelink.com/news/great-lakes-awarded-lower-miss-dredging-507336
https://www.marinelink.com/news/great-lakes-awarded-lower-miss-dredging-507336