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Vessel traffic through the Strait of Hormuz is gathering momentum, offering the strongest indication yet that commercial shipping is edging back towards normal operations after months of disruption, even as thousands of seafarers remain stranded and the waterway continues to operate under extraordinary restrictions. Maritime risk specialist Windward said vessel movements recorded yesterday marked “the …
https://splash247.com/hormuz-moves-from-shutdown-to-managed-recovery/
https://splash247.com/hormuz-moves-from-shutdown-to-managed-recovery/Volkswagen has agreed to sell a majority stake in German engine manufacturer Everllence to private equity firm Bain Capital in a deal valuing the business at €7.4bn ($8.4bn). The deal will see Bain Capital acquire 75% of Everllence, while Volkswagen Group will retain a 25% minority holding. The transaction remains subject to regulatory approvals and …
https://splash247.com/volkswagen-sells-majority-stake-in-everllence-to-bain-capital/
https://splash247.com/volkswagen-sells-majority-stake-in-everllence-to-bain-capital/Landlocked Kyrgyzstan’s nearest sea access isa some 2,600 km away. The Central Asian nation is better known for mountains, nomadic culture, Lake Issyk-Kul and its position along the old Silk Road than for shipping. That could soon change. Kyrgyzstan’s parliament has passed the country’s first Merchant Shipping Code in its third reading, creating the legal …
https://splash247.com/landlocked-kyrgyzstan-readies-ship-registry/
https://splash247.com/landlocked-kyrgyzstan-readies-ship-registry/Poland is moving ahead with plans for a second floating LNG import terminal at Gdansk, underlining Europe’s continued commitment to LNG infrastructure despite growing expectations that gas demand growth could slow in the longer term. The proposed unit would sit alongside the country’s first Gdansk FSRU project and further strengthen Poland’s position as one of …
https://splash247.com/poland-eyes-second-gdansk-fsru/
https://splash247.com/poland-eyes-second-gdansk-fsru/Singapore-based Nortrans Offshore has secured a two-year charter with SBM Offshore for its semi-submersible flotel Nor Spirit in Angola. The 2015-built DP3 maintenance and safety unit will support life-extension work on the FPSOs Saxi Batuque and Mondo on Block 15. The units are operated by SBM Offshore under a lease and operate contract with Esso …
https://splash247.com/nortrans-flotel-fixed-for-sbms-angola-work/
https://splash247.com/nortrans-flotel-fixed-for-sbms-angola-work/Offshore employers on the Norwegian continental shelf are preparing a large-scale lockout as a growing strike by members of the Norwegian Union of Energy Workers (SAFE) begins to disrupt drilling and well operations. SAFE launched industrial action among offshore maintenance and well service workers on Monday, 15 June, after talks over a collective wage agreement …
https://splash247.com/norway-offshore-labour-conflict-escalates-with-lockout-threat/
https://splash247.com/norway-offshore-labour-conflict-escalates-with-lockout-threat/New York-listed Greek bulker owner Diana Shipping has secured a new time charter for one of its panamax vessels at a higher rate than its current employment. The 2013-built, 77,901 dwt Ismene has been fixed to Paralos Shipping at $15,750 per day, less a 5% commission paid to third parties. The charter is expected to …
https://splash247.com/diana-lands-improved-rate-for-panamax-bulker/
https://splash247.com/diana-lands-improved-rate-for-panamax-bulker/Danish maritime investment manager European Maritime Finance has named Peter Kubicki as chief executive officer in a wider reshuffle of its leadership team. The Copenhagen-based company has also appointed Stephen Schueler as chairman of the board, Rikke Stoltz as board member and co-founder Martin Almdal as vice chairman. Kubicki, who was already involved with EMF, …
https://splash247.com/european-maritime-finance-reshuffles-top-team/
https://splash247.com/european-maritime-finance-reshuffles-top-team/Ships have begun sailing through the Strait of Hormuz under a new scheme by the U.N.'s shipping agency to evacuate vessels trapped there by the conflict, a spokesperson said on Wednesday.The initiative, which has taken months to conclude, will enable hundreds of ships with some 11…
https://www.marinelink.com/news/ships-begin-sailing-hormuz-according-un-540612
https://www.marinelink.com/news/ships-begin-sailing-hormuz-according-un-540612Germany scrapped a landmark frigate programme on Wednesday following delays and expected cost overruns, sending shares in the country's top defence firm Rheinmetall — which was tipped to win the contract — sharply lower.Plans to build six F126 frigates had been mired in trouble for a while…
https://www.marinelink.com/news/germany-scraps-frigate-program-540613
https://www.marinelink.com/news/germany-scraps-frigate-program-540613