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Paratus Energy and Vantris Energy joint venture Seagems has moved closer to adding another pipelay support vessel to its Brazilian operation after Petrobras accepted its bid for an unidentified third-party vessel. Paratus said that Petrobras had published partial results from its latest PLSV tender, confirming acceptance of the Seagems bid. The result is still subject …
https://splash247.com/paratus-and-vantris-jv-clears-petrobras-plsv-tender-hurdle/
https://splash247.com/paratus-and-vantris-jv-clears-petrobras-plsv-tender-hurdle/Taiwanese offshore vessel owner Dong Fang Offshore (DFO) has approved another newbuild at Norway’s Vard, setting aside up to $86m for a service operations vessel aimed at the international offshore energy market. A stock exchange disclosure shows DFO’s board approved construction of one operations and maintenance support vessel with Vard Group or one of its …
https://splash247.com/dong-fang-offshore-lines-up-another-newbuild-at-vard/
https://splash247.com/dong-fang-offshore-lines-up-another-newbuild-at-vard/Anna Angelicoussis-led Pantheon Tankers is cashing in again on the booming VLCC secondhand market, with brokers reporting the sale of the 2011-built Sea Leopard for $135m. The 314,000 dwt DSME-built tanker has been committed to undisclosed buyers in what ranks among the largest VLCC secondhand deals reported last week. Pantheon has yet to announce the …
https://splash247.com/pantheon-sells-15-year-old-vlcc-above-newbuild-benchmark/
https://splash247.com/pantheon-sells-15-year-old-vlcc-above-newbuild-benchmark/Clarksons’ cross-sector ClarkSea Index continues to record new all-time highs as strong conditions spread across gas carriers, bulkers, containerships and car carriers to go alongside the extraordinary earnings seen in the crude tanker sector. The ClarkSea Index climbed another 14% on Friday to $64,569 a day, propelled by record crude tanker earnings but with Clarksons …
https://splash247.com/clarksea-index-surges-27-above-2007-peak/
https://splash247.com/clarksea-index-surges-27-above-2007-peak/The world’s two great east-west container trades are moving in dramatically different directions, with the gap between transpacific and Asia-Europe spot rates widening to unprecedented levels. Clarksons Research said in its latest Shipping Intelligence Weekly that “geographic divergence” continued in the container freight market, with Shanghai-North Europe rates falling 5% week on week to $2,425 …
https://splash247.com/transpacific-europe-rate-gap-blows-out-to-record/
https://splash247.com/transpacific-europe-rate-gap-blows-out-to-record/Yangzijiang Maritime Development has put an official stamp on a newbuilding spree Splash has been tracking for months, disclosing 24 firm ship orders across five vessel types along with options on another 16. The Singapore-listed maritime investment group said the latest firm package comprises six 64,500 dwt bulkers, six 49,800 dwt product and chemical tankers, …
https://splash247.com/yangzijiang-maritime-confirms-24-newbuilds-and-16-options/
https://splash247.com/yangzijiang-maritime-confirms-24-newbuilds-and-16-options/Olga Boenigk, the founder of AI goes Maritime, has a different take on the whole shipping and artificial intelligence debate. We’re an industry that’s proud of being careful. We take our time. We wait to see what works before we touch it, and most of the time that has served us well. I’d defend it …
https://splash247.com/is-maritime-neglecting-ai/
https://splash247.com/is-maritime-neglecting-ai/Nasdaq-listed Toro Corp has doubled its MR tanker fleet with the acquisition of two ships for a combined $83.4m, accelerating its return to the product tanker sector as it prepares to spin off its remaining LPG carriers. The Petros Panagiotidis-led company has paid $45.9m for the 2018 Japanese-built Wonder Alasia, taking delivery on September 17. …
https://splash247.com/toro-doubles-mr-fleet-with-83m-tanker-pair/
https://splash247.com/toro-doubles-mr-fleet-with-83m-tanker-pair/Australia can remain indispensable to steelmaking while making less money from it. In 2025–26 dollars, the government’s June outlook projects iron ore export earnings to fall from an estimated A$116.6 billion in 2025–26 to A$77.2 billion in 2030–31. That’s a 34 percent reduction, against a decline in export volumes of about 2 percent. This is ...
https://www.hellenicshippingnews.com/australias-iron-ore-exports-are-about-more-than-tonnage/
https://www.hellenicshippingnews.com/australias-iron-ore-exports-are-about-more-than-tonnage/Capesize The market exhibited a generally softer tone through the first half of the week, with the Pacific bearing the brunt of the weakness as prompt tonnage continued to outweigh fresh cargo demand. C5 rates fell from the low $17s at the start of the week into the mid-$16s before sentiment began to stabilise towards ...
https://www.hellenicshippingnews.com/dry-bulk-shipping-capesizes-softening/
https://www.hellenicshippingnews.com/dry-bulk-shipping-capesizes-softening/