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A second commodity joins the US–China trade programme. On 25 September the White House announced that China would import at least 10 million tonnes of US coal in each of 2027 and 2028, and on 28 September China’s Ministry of Commerce included coal in its reciprocal tariff-reduction framework, with implementation to follow both countries’ domestic ...
https://www.hellenicshippingnews.com/coal-in-focus-chinas-2027-28-us-coal-commitment/
https://www.hellenicshippingnews.com/coal-in-focus-chinas-2027-28-us-coal-commitment/Turkey’s state-owned energy company Botas has gone to market for an LNG carrier on a firm 940-day time charter as it continues to build out its gas shipping capacity. The Ankara-based company is seeking a vessel built in 2015 or later with capacity of between 173,600 and 175,000 cu m. The firm period comes with …
https://splash247.com/botas-goes-to-market-for-nearly-three-year-lng-carrier-charter/
https://splash247.com/botas-goes-to-market-for-nearly-three-year-lng-carrier-charter/John Fredriksen-linked SFL Corporation has agreed to sell seven tankers to commodities giant Trafigura in a deal expected to generate about $275m in net cash proceeds and a book gain of roughly $175m. The package comprises four 2014- and 2015-built LR2 product tankers and three 2019-built suezmaxes, all of which are already on time charter …
https://splash247.com/sfl-lands-275m-cash-haul-from-trafigura-tanker-sale/
https://splash247.com/sfl-lands-275m-cash-haul-from-trafigura-tanker-sale/Arthur J. Gallagher’s claims and risk management arm, Gallagher Bassett, has acquired London-based maritime law firm Winter & Co Solicitors, continuing a run of deals aimed at expanding its marine business. Financial terms have not been disclosed. Winter & Co advises P&I clubs, marine insurers, shipowners and charterers on shipping-related legal matters, with Glenn Winter …
https://splash247.com/gallagher-bassett-buys-second-london-shipping-law-firm-in-five-months/
https://splash247.com/gallagher-bassett-buys-second-london-shipping-law-firm-in-five-months/Wallenius Wilhelmsen has raised about NOK2.88bn ($300m) in fresh equity as it prepares to add four large LNG dual-fuel car carriers with options for another eight. The Oslo-listed group completed a private placement late on Tuesday, issuing 17.145m shares at NOK168 each. The company said the proceeds, together with debt financing, would be used to …
https://splash247.com/wallenius-wilhelmsen-eyes-up-to-12-more-car-carriers/
https://splash247.com/wallenius-wilhelmsen-eyes-up-to-12-more-car-carriers/JP Morgan-backed Norwegian Car Carriers (NOCC) has expanded its newbuilding programme in China, adding another pair of 7,100 ceu ships at CIMC Raffles. Shipbuilding sources place the latest vessels at the group’s Yantai Raffles facility for delivery in 2030, extending a relationship that has already produced four LNG dual-fuel car carriers for the Oslo-based tonnage …
https://splash247.com/jp-morgan-backed-nocc-expands-china-car-carrier-programme/
https://splash247.com/jp-morgan-backed-nocc-expands-china-car-carrier-programme/Offshore driller Valaris has secured a batch of new contracts and extensions, with an associated contract backlog of approximately $220m. The company won a contract with Petronas for the Valaris DS-18 drillship in Suriname. The contract, following a previously announced letter of award, is expected to commence in the fourth quarter of 2026 and run …
https://splash247.com/valaris-adds-220m-of-new-contracts-and-extensions/
https://splash247.com/valaris-adds-220m-of-new-contracts-and-extensions/Bulgaria has halted its search for the missing crew of a ship that sank after being hit by a drone on Tuesday about 70 nautical miles (130 km) off its coast, Vice-Admiral Rumen Nikolov of the Maritime Administration Executive Agency told Nova TV on Wednesday.Early on Tuesday…
https://www.marinelink.com/news/bulgaria-calls-off-search-crew-black-sea-543513
https://www.marinelink.com/news/bulgaria-calls-off-search-crew-black-sea-543513Anduril Industries plans to invest $3.7 billion in a new Maryland shipyard to manufacture Virginia-class submarine components and other subsea systems, alongside a U.S. Navy contract worth up to $2.9 billion tied to production targets.The Arsenal…
https://www.marinelink.com/news/us-navy-anduril-unveil-b-shipyard-plan-543514
https://www.marinelink.com/news/us-navy-anduril-unveil-b-shipyard-plan-543514Twelve crew members were injured after an unknown projectile struck Panama-flagged oil tanker On Peace while it was passing through the Strait of Hormuz, India's foreign ministry said on Tuesday.A tanker was attacked on Monday causing a fire in its engine room, the United Kingdom Maritime Trade Oper
https://www.marinelink.com/news/hormuz-oil-tanker-strike-injures-crew-543515
https://www.marinelink.com/news/hormuz-oil-tanker-strike-injures-crew-543515