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Nasdaq-listed tanker and LPG owner Toro has offloaded its nineteen-year-old aframax LR2 for $30.1m, nearly tripling its money from the deal. The spinoff of Cyprus-based Castor Maritime expects to score a net gain of approximately $19.6m, excluding any transaction-related costs. Castor bought the vessel formerly known as Megalonissos from Eletson Corp for $11.35m in April …
https://splash247.com/castor-tanker-spinoff-toro-flips-veteran-aframax-for-19-6m-profit/
https://splash247.com/castor-tanker-spinoff-toro-flips-veteran-aframax-for-19-6m-profit/Japanese shipping mammoth Nissen Kaiun has signed up for more MR2 tanker newbuilds in South Korea. Multiple brokers reported Nissen Kaiun had returned to Hyundai Mipo Dockyard for eight 50,000 dwt product carriers, paying just over $370m. The ships, expected to hit the water in 2024 and 2025 will be Tier III and EEDI Phase …
https://splash247.com/nissen-kaiun-books-eight-tankers-at-hyundai-mipo/
https://splash247.com/nissen-kaiun-books-eight-tankers-at-hyundai-mipo/Engine manufacturer Scania announced it has added seven new IMO Tier III compliant marine engines to its existing portfolio as it strives to slash emissions and support more sustainable marine operations.The new DI13 solutions of 257 kW, 280 kW…
https://www.marinelink.com/news/scania-expands-imo-tier-iii-engine-range-504871
https://www.marinelink.com/news/scania-expands-imo-tier-iii-engine-range-504871Towage provider SAAM on Thursday announced it has concluded the purchase of 21 tugboats from the Brazilian company Starnav, including 19 tugs currently in operation and two additional vessels in the final phase of construction.“This is one of…
https://www.marinelink.com/news/saam-buys-tugs-starnav-504873
https://www.marinelink.com/news/saam-buys-tugs-starnav-504873Shipping group Maersk on Thursday reported first-quarter earnings above expectations and maintained its 2023 profit guidance as it expects a recent drop in demand for container shipments to stabilize around mid-year.Maersk, which transports goods for retailers and consumer companies such as Walmart…
https://www.marinelink.com/news/maersk-expects-recent-drop-container-504874
https://www.marinelink.com/news/maersk-expects-recent-drop-container-504874Design, engineering and risk management consultancy BMT announced it has appointed Ian Tyler as chairman of BMT Group Ltd. Tyler joined the board on May 1 and will assume the role of Chairman in early June. Tyler has a wealth of experience with listed public companies…
https://www.marinelink.com/news/bmt-appoints-ian-tyler-chairman-504876
https://www.marinelink.com/news/bmt-appoints-ian-tyler-chairman-504876ABB said it has secured a contract with the Spanish state-owned Navantia shipbuilding company to retrofit the Spanish Navy flagship Juan Carlos I with an electrical propulsion system based on dual ABB Azipod units. Due completion in 2025, the…
https://www.marinelink.com/news/spanish-warship-set-propulsion-refit-504877
https://www.marinelink.com/news/spanish-warship-set-propulsion-refit-504877Despite oil demand in the transport sector being forecast to half by 2050, the […]
The post https://www.offshore-energy.biz/dnv-oil-demand-in-transport-sector-to-half-by-2050-with-maritime-transitioning-to-a-mix-of-fuels/">DNV: Oil demand in transport sector to half by 2050 with maritime transitioning to a mix of fuels appeared first on https://www.offshore-energy.biz">Offshore Energy.
https://www.offshore-energy.biz/dnv-oil-demand-in-transport-sector-to-half-by-2050-with-maritime-transitioning-to-a-mix-of-fuels/A joint UK-EU project to develop retrofit carbon capture solutions and other technologies for ships to reduce their emissions and fuel consumption has got underway.
The post https://www.offshore-energy.biz/new-uk-eu-project-to-develop-retrofit-carbon-capture-solutions-for-ships/">New UK-EU project to develop retrofit carbon capture solutions for ships appeared first on https://www.offshore-energy.biz">Offshore Energy.
https://www.offshore-energy.biz/new-uk-eu-project-to-develop-retrofit-carbon-capture-solutions-for-ships/Following a 4 percent increase in average sailing speed during the COVID-19 pandemic triggered […]
The post https://www.offshore-energy.biz/average-sailing-speed-could-drop-by-10-pct-by-2025-bimco-says/">Average sailing speed could drop by 10 pct by 2025, BIMCO says appeared first on https://www.offshore-energy.biz">Offshore Energy.
https://www.offshore-energy.biz/average-sailing-speed-could-drop-by-10-pct-by-2025-bimco-says/
https://www.offshore-energy.biz/average-sailing-speed-could-drop-by-10-pct-by-2025-bimco-says/