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COSCO’s car carrier shipping venture has contracted CSSC Guangzhou Shipyard International (GSI) for the construction of three new vessels. The Guangzhou-based branch of the state-run shipbuilding conglomerate has booked 7,000 ceu LNG dual-fuel vessels for delivery in 2026, lifting the shipyard’s LNG-powered car carrier orders to 22. Guangzhou COSCO Car Carrier Shipping was set up …
https://splash247.com/cosco-car-carrier-venture-in-for-three-gsi-newbuilds/
https://splash247.com/cosco-car-carrier-venture-in-for-three-gsi-newbuilds/Epaminondas Embiricos-led Aeolos Management is dominating VLCC S&P headlines, pumping the market with ships bought cheaply in recent years and finding buyers keen to haul Russian oil. The savvy London-based Greek owner is making a fortune, offloading a string of rusty mammoths. Over the weekend, sources tell Splash that Aeolos Management is attempting to offload …
https://splash247.com/embiricos-making-a-fortune-selling-vlccs/
https://splash247.com/embiricos-making-a-fortune-selling-vlccs/Advances in predictive analytics and weather forecasting accuracy are key to shipping’s smart response to climate change, writes Eleni Polychronopoulou, CEO of METIS Cyberspace Technology. Entry into force of shipping’s Carbon Intensity Indicator has only reinforced resistance to the International Maritime Organization mechanism devised to drive ship decarbonisation. Shipping interests have highlighted apparent absurdities an …
https://splash247.com/blue-sky-thinking-on-cii-and-the-weather/
https://splash247.com/blue-sky-thinking-on-cii-and-the-weather/Anglo-Eastern, one of the world’s largest shipmanagers, has made the biggest on the record investment in Starlink at sea to date. The Hong Kong-based manager has earmarked at least 200 installations of Elon Musk’s new satellite communication system across its fleet by year-end. Last week Anglo-Eastern had the first formal installation of Starlink’s maritime broadband …
https://splash247.com/as-connected-as-any-office-or-home-anglo-eastern-gives-rave-starlink-review/
https://splash247.com/as-connected-as-any-office-or-home-anglo-eastern-gives-rave-starlink-review/TankerTrackers.com, one of the world’s foremost sources covering illicit movements of oil, has worked out that one in five VLCCs trading today are “up to no good”. The Samir Madani-led platform tracks ships breaking sanctions against Iran, Venezuela and Russia. It has counted 174 VLCCs out of the 900-strong fleet are currently breaking rules put …
https://splash247.com/one-in-five-vlccs-break-bad/
https://splash247.com/one-in-five-vlccs-break-bad/Oslo-listed offshore services player Reach Subsea has secured a three-year frame agreement from Equinor for work on the Norwegian continental shelf and internationally. The deal covers all core activities for Reach Subsea, including installation support, seabed intervention and all forms of subsea surveys and monitoring. “The frame agreement will be an excellent driver for growth …
https://splash247.com/reach-subsea-seals-three-year-frame-deal-with-equinor/
https://splash247.com/reach-subsea-seals-three-year-frame-deal-with-equinor/Norway’s Havila Shipping has secured more work from energy industry logistics provider Peterson Den Helder for two of its platform supply vessels. An affiliate of Peterson Offshore has declared options for the 2009-built Havila Borg and Havila Herøy extending their employment until April 2024. Last month, Havila Shipping also won a contract with Equinor for …
https://splash247.com/peterson-extends-havila-shipping-psv-pair/
https://splash247.com/peterson-extends-havila-shipping-psv-pair/Atlas Maritime of Greece and Danish shipping investment firm European Maritime Finance (EMF) have achieved a lucrative asset play in a vibrant tanker market with two aframax newbuilds from South Korea. EMF, chaired by the former Maersk chief commercial officer and the current CEO of Enerjen Capital, Stephen Schueler, confirmed the sale of 115,100 dwt …
https://splash247.com/atlas-and-emf-score-profitable-asset-play-with-sale-of-aframax-newbuilds/
https://splash247.com/atlas-and-emf-score-profitable-asset-play-with-sale-of-aframax-newbuilds/New York-listed Scorpio Tankers has repurchased six more ships slashing its debt by nearly $150m. The Monaco-based company said it had given notice that it will exercise options to buy two 2016-built LR2 product tankers, the STI Grace and STI Jermyn, the 2019-built LR2 STI Lavender and three MR product tankers, the STI Magnetic and …
https://splash247.com/scorpio-tankers-buys-back-six-more-ships/
https://splash247.com/scorpio-tankers-buys-back-six-more-ships/Recycling markets remain firmly poised for another week, following a stunning resurgence by the Bangladeshi market (in particular) that leaves them atop the price rankings board.Levels close to and even over $600/LDT are now being regularly…
https://www.marinelink.com/news/ship-recycling-market-remains-strong-503561
https://www.marinelink.com/news/ship-recycling-market-remains-strong-503561