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Brazilian state-controlled oil company Petrobras has formally revoked the tender process for its planned P-86 FPSO, seen as a key component of the Marlim Sul and Marlim Leste field revitalisation program in the Campos Basin. The tender called for the construction and operation of a unit designed to handle around 140,000 barrels of oil per …
https://splash247.com/economic-hurdles-sink-petrobras-fpso-tender/
https://splash247.com/economic-hurdles-sink-petrobras-fpso-tender/Norwegian offshore vessel owner DOF has won two new long-term vessel contracts in Brazil. The company said that its 2001-built Skandi Carla and the 2006-built Geoholm have been contracted on four-year charters with Brazilian state-owned oil and gas giant Petrobras. The two new deals originated from the same competitive tender process that led to the …
https://splash247.com/dof-bags-over-275m-in-vessel-contracts-with-petrobras/
https://splash247.com/dof-bags-over-275m-in-vessel-contracts-with-petrobras/Japan’s Nippon Yusen Kaisha (NYK) is following compatriot Mitsui OSK Lines in targeting space exploration as a new source of revenues. NYK has obtained an approval in principle from ClassNK for the conceptual design of an offshore recovery system for reusable rockets, an initiative developed through the Space Strategy Fund at the Japan Aerospace Exploration …
https://splash247.com/nyk-joins-space-race-with-unmanned-offshore-rocket-recovery-vessel/
https://splash247.com/nyk-joins-space-race-with-unmanned-offshore-rocket-recovery-vessel/Israeli business news outlet Calcalist is reporting that ZIM CEO Eli Glickman is teaming up with Israeli shipping magnate Abraham Unger in a bid to take ZIM private. A deal is reportedly being discussed in the $2.4bn range, which is equal to roughly $20 a share. Earlier this year, there were reports of a management-led …
https://splash247.com/abraham-unger-and-eli-glickman-reportedly-bid-to-take-zim-private/
https://splash247.com/abraham-unger-and-eli-glickman-reportedly-bid-to-take-zim-private/Finnish prosecutors have charged the captain and two senior officers of the Eagle S tanker, part of Russia’s so-called shadow fleet, over the alleged destruction of critical undersea cables linking Finland and Estonia last December. The Cook Islands-flagged ship, which had sailed from Russia’s Ust-Luga with oil products, is accused of dragging its anchor for …
https://splash247.com/eagle-s-officers-charged-over-baltic-cable-sabotage/
https://splash247.com/eagle-s-officers-charged-over-baltic-cable-sabotage/Capesize transactions are ticking in at a steady pace, and Chinese-built bulkers are again selling at a rapid rate. VesselsValue lists the last six cape transactions, all of which are China-built. The latest China-built vessel reported sold is a 16-year-old, Shanghai Waigaoqiao Shipbuilding-built Cape Aqua, formerly Aquaproud, sold by Primebulk of Greece for a very …
https://splash247.com/chinese-built-capes-in-demand/
https://splash247.com/chinese-built-capes-in-demand/The US tariffs on China have been postponed another 90 days until November 10. The US will keep its tariffs at 30%, and China will maintain its levies at 10% through to the autumn as negotiations between the world’s two biggest economies continue. Commenting on the news via LinkedIn, Lars Jensen, who runs container shipping …
https://splash247.com/transpacific-bump-in-rates-tipped-as-trump-delays-china-tariffs-again/
https://splash247.com/transpacific-bump-in-rates-tipped-as-trump-delays-china-tariffs-again/Shipping Corporation of India (SCI) is reportedly gearing up for a major newbuilding campaign, with plans to acquire 26 domestically built ships in a move tied to India’s broader push to scale up its national fleet and shipbuilding capacity. According to sources familiar with the scheme, the project is valued at about $2.3bn and would …
https://splash247.com/shipping-corp-of-india-eyes-2-3bn-newbuild-move-at-domestic-yards/
https://splash247.com/shipping-corp-of-india-eyes-2-3bn-newbuild-move-at-domestic-yards/The fragile state of China’s real estate sector continues to weigh heavily on dry bulk fortunes. State-run developer China South City Holdings was ordered to liquidate by Hong Kong’s High Court yesterday, with debts nearing $8bn, making it the biggest Chinese builder by assets to be wound up since China Evergrande Group. Data for July …
https://splash247.com/property-woes-cast-long-shadow-over-chinas-steel-and-iron-ore-demand/
https://splash247.com/property-woes-cast-long-shadow-over-chinas-steel-and-iron-ore-demand/The U.S. Coast Guard has officially commissioned the USCGC Storis (WAGB 21) in Juneau, Alaska.The vessel is the Coast Guard’s first polar icebreaker acquired in over 25 years. The Storis, formerly the motor vessel Aiviq, was acquired on December 20…
https://www.marinelink.com/news/us-coast-guard-commissions-uscgc-storis-528859
https://www.marinelink.com/news/us-coast-guard-commissions-uscgc-storis-528859