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US-listed bulker player Genco Shipping & Trading has been linked to the sale of another ageing capesizes as demand for secondhand bulker tonnage remains robust. The John Wobensmith-led owner of more than 40 ships has offloaded the 2008-built Genco Hadrian to Far Eastern interests at $25m, according to shipping S&P sources. The sale of the …
https://splash247.com/genco-lets-go-of-another-cape/
https://splash247.com/genco-lets-go-of-another-cape/German owner GEFO is expanding its newbuilding programme with more chemical tankers in China. The Hamburg-headquartered company has returned to Xiangyu shipyard in Nantong for two firm and two optional 7,900 dwt vessels, adding to its series of ten 3,850 dwt stainless steel units booked for construction earlier this year. The ice class 1A newbuilds, with …
https://splash247.com/gefo-swells-chemical-tanker-orderbook/
https://splash247.com/gefo-swells-chemical-tanker-orderbook/Green Marine (UK)’s initiative looking to retrofit crew transfer vessels (CTV) with hydrogen, fuel cells and battery, with the aim to cut emissions while servicing offshore wind farms, has been granted Approval in Principle (AiP) by global classification…
https://www.marinelink.com/news/rina-greenlights-green-marine-uks-515517
https://www.marinelink.com/news/rina-greenlights-green-marine-uks-515517Navalrocha Shipyard reported growth in key target markets, including LPG and Product Carriers, after recording one of its strongest ever half-year performances.With more than 30 projects delivered to date, Navalrocha is on course for another…
https://www.marinelink.com/news/navalrocha-shipyard-reports-results-515519
https://www.marinelink.com/news/navalrocha-shipyard-reports-results-515519Australia said on Saturday it had signed a A$2.2 billion ($1.4 billion) four-year contract with state-owned submarine builder ASC to upgrade the navy's Collins class submarines.The "sustainment contract" is part of a government pledge to keep…
https://www.marinelink.com/news/australia-inks-billion-deal-upgrade-515522
https://www.marinelink.com/news/australia-inks-billion-deal-upgrade-515522Armed with selfie sticks and phones, the tourists flood into Santorini from everywhere - on dinghies from giant ocean liners, on coaches that zigzag up the steep hillsides, atop donkeys that clip-clop along the narrow cobbled streets.Some brave…
https://www.marinelink.com/news/santorinis-locals-call-a-cruise-ship-cap-515523
https://www.marinelink.com/news/santorinis-locals-call-a-cruise-ship-cap-515523The US Bureau of Ocean Energy Management (BOEM) has cancelled its proposed offshore wind lease sale in the Gulf of Mexico, citing lack of interest from developers. In March, BOEM offered about 1,660 sq km in four wind energy areas off the US Gulf states of Louisiana and Texas, with potential for around 5 GW …
https://splash247.com/us-calls-off-gulf-of-mexico-offshore-wind-lease-sale/
https://splash247.com/us-calls-off-gulf-of-mexico-offshore-wind-lease-sale/Drilling and engineering contractor KCA Deutag has been acquired by US driller Helmerich & Payne (H&P) for around $1.972bn. The deal will increase H&P’s Middle East rig count to 88 from 12, making the combined company one of the largest rig providers in the region. The transaction, which will be funded with cash on hand …
https://splash247.com/kca-deutag-acquired-by-helmerich-payne-in-2bn-deal/
https://splash247.com/kca-deutag-acquired-by-helmerich-payne-in-2bn-deal/Tor Olav Trøim-backed jackup rig player Borr Drilling has picked up new contracts worth $332m for three of its units. The fixtures involving the rigs Arabia I, Gunnlod and Norve cover a total commitment of 1,779 days. The Oslo and New York-listed offshore driller said the Arabia I, which had its contract suspended earlier this …
https://splash247.com/borr-drilling-scores-332m-jackup-hat-trick/
https://splash247.com/borr-drilling-scores-332m-jackup-hat-trick/Eight years after entering shipowning, Fomento Group has sold half of its four strong fleet. In May, it offloaded the 2016-built Fomento One newcastlemax to Greek owner Evangelos Marinakis for $55.9m, a ship the Indian miner had ordered at Daehan Shipbuilding in South Korea a decade ago. A second newcastlemax from the same yard is …
https://splash247.com/goa-based-fomento-group-cuts-shipowning-arm-in-two/
https://splash247.com/goa-based-fomento-group-cuts-shipowning-arm-in-two/