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The European Union and the United Kingdom have sanctioned Intershipping Services, a UAE-based company that operates the flag registries of Gabon and Comoros, both of which have played a central role in supporting the opaque tanker network transporting sanctioned Russian crude. The move – part of sanctions packages announced on Friday – marks one of …
https://splash247.com/eu-and-uk-sanction-uae-based-operator-of-the-gabon-and-comoros-flags/
https://splash247.com/eu-and-uk-sanction-uae-based-operator-of-the-gabon-and-comoros-flags/A tow pilot’s distraction caused by personal cellphone use resulted in a collision last year with moored barges on the lower Mississippi River, according to the National Transportation Safety Board.The towing vessel William B Klunk was pushing 22 loaded hopper barges on April 17…
https://www.marinelink.com/news/tow-collision-fatigued-pilot-distracted-528129
https://www.marinelink.com/news/tow-collision-fatigued-pilot-distracted-528129New analysis by UCL Energy Institute, with the assistance of UMAS, analyzing voluntary carbon insetting schemes in the maritime sector suggests that they could play a vital role in catalyzing shipping's decarbonization during the critical period…
https://www.marinelink.com/news/voluntary-carbon-insetting-schemes-528130
https://www.marinelink.com/news/voluntary-carbon-insetting-schemes-528130Dozens of rescuers were scrambling in Vietnam on Sunday to trace four missing people after retrieving the bodies of dozens killed when a thunderstorm capsized a boat in the top tourist destination of Halong Bay, authorities said.Despite a calm sea…
https://www.marinelink.com/news/dozens-dead-tourist-boat-capsize-vietnam-528131
https://www.marinelink.com/news/dozens-dead-tourist-boat-capsize-vietnam-528131Dutch offshore installation firm Van Oord has ordered two next-generation subsea rock installation vessels, which will built by Yantai CIMC Raffles Offshore in China.Capable of operating on methanol and with a focus on innovation and automation…
https://www.marinelink.com/news/van-oord-bolster-fleet-two-new-subsea-528137
https://www.marinelink.com/news/van-oord-bolster-fleet-two-new-subsea-528137Norwegian shipbuilder Vard has secured a contract to design and build two commissioning service operation vessels (CSOVs) for an unnamed international customer. The order is valued between €100m ($116m) and €200m ($232m) and includes an option for an additional newbuild. The vessels will be of the upgraded VARD 4 19 design, developed by Vard Design …
https://splash247.com/vard-books-contract-for-two-hybrid-csovs/
https://splash247.com/vard-books-contract-for-two-hybrid-csovs/Denmark-based offshore wind vessel player Cadeler has taken early delivery of the newbuild jackup vessel and secured the units’ first long-term contract — a €210m ($245m) deal with turbine maker Vestas. The BW Group and Scorpio-backed shipowner acquired the vessel from China’s Shanghai Boqiang Heavy Industry Group earlier this year and renamed it Wind Keeper. …
https://splash247.com/cadeler-locks-in-245m-charter-for-newest-turbine-installation-unit/
https://splash247.com/cadeler-locks-in-245m-charter-for-newest-turbine-installation-unit/Eastern Pacific Shipping has signed a deal with China’s Hengli Heavy Industry for up to four suezmax tankers. The Singapore-based owner, controlled by Idan Ofer, has committed to two firm 158,000 dwt crude carriers, with options for two more. The price tag for all four ships is estimated to be nearly $360m. The two confirmed …
https://splash247.com/eastern-pacific-signs-for-suezmaxes-at-hengli-heavy/
https://splash247.com/eastern-pacific-signs-for-suezmaxes-at-hengli-heavy/Capesize The Capesize market experienced a strong and sustained rally this week, underpinned by firm sentiment and positive momentum across both basins. The BCI 5TC surged by $5,942 to close at $25,575, driven by tightening tonnage lists and increased cargo volumes, particularly on the South Brazil and West Africa to China routes. In the Pacific, ...
https://www.hellenicshippingnews.com/dry-bulk-market-capesizes-post-strong-showing-this-past-week/
https://www.hellenicshippingnews.com/dry-bulk-market-capesizes-post-strong-showing-this-past-week/Chevron will proceed with its $53 billion acquisition of Hess, after it prevailed in a landmark legal battle against larger rival Exxon Mobil to gain access to the largest oil discovery in decades.Shares of Chevron were up 3.6% in premarket trading, with Hess gaining nearly 7.4%.
https://www.marinelink.com/news/chevron-emerges-winner-exxonmobil-dispute-528103
https://www.marinelink.com/news/chevron-emerges-winner-exxonmobil-dispute-528103