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Around a quarter of US Gulf of Mexico oil production has been shut in as operators evacuate personnel and curtail operations ahead of Hurricane Isaias. The Marine Minerals Administration, the US offshore regulator, said 511,619 barrels per day of oil production, equal to 25.08% of Gulf output, had been taken offline as the storm approached. …
https://splash247.com/hurricane-isaias-forces-evacuations-and-production-cuts-in-us-gulf/
https://splash247.com/hurricane-isaias-forces-evacuations-and-production-cuts-in-us-gulf/Rockhopper Exploration is putting $44m into the Sea Lion development off the Falkland Islands, committing to a 35% stake in the OSX-1 FPSO as political pressure from Argentina and contractor withdrawals continue to hang over the project. The vessel will become Sea Lion’s second FPSO. The first, Aoka Mizu, has already been selected for the …
https://splash247.com/rockhopper-secures-stake-in-fpso-bound-for-falklands-waters/
https://splash247.com/rockhopper-secures-stake-in-fpso-bound-for-falklands-waters/A fresh influx of shipowners and shipping capital is adding weight to an already formidable maritime cluster on the Côte d’Azur. Sam Chambers gears up for his annual trip to the principality’s yacht club for the exclusive Maritime CEO Forum. Monaco’s shipping community is enjoying another growth spurt, with a fresh influx of owners, investors …
https://splash247.com/monaco-emerges-as-shippings-new-darling/
https://splash247.com/monaco-emerges-as-shippings-new-darling/Japan’s Tamba Shipping and Fairfield Maritime Japan have formed a 50:50 joint venture targeting growth in chemical, product and gas tanker shipping. The new company, FT Ebisu Maritime, will be based at Fairfield Maritime Japan’s Tokyo offices, which opened in September last year, and will operate as a tonnage provider offering tailored vessel solutions to …
https://splash247.com/tamba-and-fairfield-form-japanese-shipping-joint-venture/
https://splash247.com/tamba-and-fairfield-form-japanese-shipping-joint-venture/Germany has blocked COSCO Shipping’s planned acquisition of an 80% stake in Hamburg freight forwarder Konrad Zippel, overriding an earlier competition clearance on national security grounds. The federal cabinet approved the prohibition on Wednesday, with the economy ministry saying the transaction would have deepened strategic dependencies and threatened the resilience of German and EU supply …
https://splash247.com/berlin-blocks-cosco-takeover-of-german-freight-forwarder/
https://splash247.com/berlin-blocks-cosco-takeover-of-german-freight-forwarder/The war on merchant shipping in the Middle East has taken a worrying geographical turn, with casualties reported aboard a tanker attacked off Qatar, hundreds of miles west of the Strait of Hormuz, while a containership has also come under fire in the Red Sea. The Antigua and Barbuda-flagged oil/chemical tanker Acers (IMO: 9301902) was …
https://splash247.com/tanker-attack-off-qatar-widens-gulf-shipping-conflict/
https://splash247.com/tanker-attack-off-qatar-widens-gulf-shipping-conflict/US energy trader PIF Energy has unveiled plans to spend $2bn acquiring up to 15 crude tankers, with purchases already underway as the company moves to secure shipping capacity through the Strait of Hormuz. The Dallas-based company, founded and led by chief executive Ben Morrow, specialises in crude oil and refined products trading, supply and …
https://splash247.com/pif-energy-launches-2bn-vlcc-buying-spree/
https://splash247.com/pif-energy-launches-2bn-vlcc-buying-spree/Greek shipowner Evgenia Daskalopoulou, founder and president of dry bulk outfit Almi Marine Management, has died. Almi announced her death on Wednesday, saying she passed away surrounded by her family. Daskalopoulou was born in 1958 and founded the Athens-based company in 1992. She built Almi from a small dry bulk operation into a modern supramax …
https://splash247.com/almi-marine-founder-evgenia-daskalopoulou-dies/
https://splash247.com/almi-marine-founder-evgenia-daskalopoulou-dies/Nasdaq-listed Pyxis Tankers has locked one of its MR product tankers into a two-year charter with CITGO Petroleum at $31,000 per day, securing about $21.8m in net charter revenue. The Greece-based owner has fixed the 2017-built, 50,145 dwt Pyxis Lamda for 24 months, plus or minus 30 days at the charterer’s option. The new employment …
https://splash247.com/pyxis-lifts-mr-earnings-with-two-year-citgo-deal/
https://splash247.com/pyxis-lifts-mr-earnings-with-two-year-citgo-deal/Norwegian offshore vessel owner Eidesvik Offshore has secured fresh work for the platform supply vessel Viking Queen, taking the ship out of the spot market for a drilling campaign starting early next year. The contract covers one well and has an estimated firm duration of about 290 days, with further extension options attached. The customer …
https://splash247.com/eidesvik-fixes-psv-for-2027-drilling-campaign/
https://splash247.com/eidesvik-fixes-psv-for-2027-drilling-campaign/