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New York-listed offshore driller Valaris and its partner Saudi Aramco have secured financing for the first two newbuild jackup rigs. ARO Drilling, an equal joint venture between Valaris and Aramco, has entered into a $359m term loan with a syndicate of local Saudi Arabian banks to finance the deliveries of rigs named Kingdom 1 and …
https://splash247.com/valaris-seals-funds-for-two-saudi-jv-jackup-newbuilds/
https://splash247.com/valaris-seals-funds-for-two-saudi-jv-jackup-newbuilds/Two of the world’s largest terminal operators have joined forces to highlight the urgent need for ports to electrify container handling equipment, a niche segment of the global supply chain that is responsible for up to 15m tons of carbon dioxide emissions per year. APM Terminals and DP World have announced an initiative to accelerate …
It has been a month since the last vintage VLCC was reported sold. Now, a new deal is in the making involving a 318,000 dwt rusty workhorse named Timmus. Sources tell Splash that the ship has been sold for around $31m. The 21-year-old tanker has changed hands for the fifth time in three years. In 2020, the ship was named Seaways …
https://splash247.com/vintage-vlcc-sold/
https://splash247.com/vintage-vlcc-sold/Greek dry bulk owner EuroDry has formed a joint venture with several investors represented by NRP Project Finance regarding the ownership of two recently acquired ultramax vessels. The JV will own the 63,197 dwt Christos K, formerly known as the Giants Causeway, and 63,153 dwt Maria, formerly known as the Sadlers Wells. Both bulkers were …
https://splash247.com/eurodry-forms-shipowning-joint-venture-for-bulker-duo/
https://splash247.com/eurodry-forms-shipowning-joint-venture-for-bulker-duo/The German shipmanagement sector is in flux with mergers imminent and a new brand coming up. German owner Harren Group yesterday launched Harren Ship Management offering comprehensive shipmanagement services – both technical and crew – for all major vessel types, including heavylift and multipurpose vessels, tankers, bulkers, container vessels and offshore wind. Harren Group managing …
https://splash247.com/harren-unveils-new-shipmanagement-brand/
https://splash247.com/harren-unveils-new-shipmanagement-brand/A not-for-profit, non-partisan organisation United Against Nuclear Iran (UANI) has identified two vessels conducting an illegal ship-to-ship (STS) transfer of Iranian crude. UANI posted a satellite image on the X platform – formerly Twitter – of the Honduras-flagged 27-year-old 300,361 dwt tanker Artemis III and the Panama-flagged 19-year-old 159,106 dwt Ocean Hermana conducting STS transfer …
https://splash247.com/malaysia-detains-tankers-over-illegal-sts-operation/
https://splash247.com/malaysia-detains-tankers-over-illegal-sts-operation/The Maritime CEO Forum held at the Monaco Yacht Club again pulled in the industry’s big guns earlier this month. Splash Extra’s special correspondent reflects on an event that mixed the upbeat with the cautious. It’s time to start thinking about 2024. As we enter the glide path towards the end of 2023, Maritime CEO’s …
https://splash247.com/taking-the-market-pulse-in-monaco/
https://splash247.com/taking-the-market-pulse-in-monaco/Aware of the risks to its supply chains from ships diverting from its risky coastline, Israel has said it will compensate any ships that are damaged in its waters due to the ongoing war with Hamas. Vessels calling at Israel already face the highest war risk surcharges anywhere in the world with the exception of …
https://splash247.com/israel-will-compensate-any-ships-damaged-during-its-war-with-hamas/
https://splash247.com/israel-will-compensate-any-ships-damaged-during-its-war-with-hamas/One of Denmark’s most famous shipowning brands is readying to head back to previous glories, announcing plans to add 100 ships to its fleet. Speaking with Borsen, a Danish business daily, Amrit Peter Kalsi, the CEO of Clipper Group, has outlined plans to more than double the size of his fleet in the coming years, …
https://splash247.com/clipper-ceo-outlines-plans-to-add-100-ships/
https://splash247.com/clipper-ceo-outlines-plans-to-add-100-ships/Global container ship fleet is showing its age, reaching highest average age on record of 14.2 years.“Container ships have reached their highest average age yet at 14.2 years, the highest average age of the three main shipping sectors. The dry…
https://www.marinelink.com/news/container-shipping-fleet-gets-long-tooth-509040
https://www.marinelink.com/news/container-shipping-fleet-gets-long-tooth-509040