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The Mediterranean Sea officially became an Emission Control Area for Sulphur Oxides and Particulate Matter (Med SOx ECA) under MARPOL Annex VI on May 1, 2025. The sulphur content in fuel oil for ships operating in the area is now limited to 0.1%…
https://www.marinelink.com/news/imo-new-air-pollution-limits-begin-may-525276
https://www.marinelink.com/news/imo-new-air-pollution-limits-begin-may-525276Danish offshore wind developer Ørsted has sold a 24.5% stake in the 389MW West of Duddon Sands offshore wind farm to funds managed by Schroders Greencoat. Schroders Greencoat has a combined net generating capacity of over 7GW and £9.6bn ($12.75bn) in assets under management. The asset manager is also a partner on another four Ørsted …
https://splash247.com/orsted-sells-stake-in-uk-offshore-wind-farm-for-600m/
https://splash247.com/orsted-sells-stake-in-uk-offshore-wind-farm-for-600m/Dutch floater expert SBM Offshore has signed a contract with UK-based supermajor BP for the wet tow and installation of the Kaskida semi-submersible floating production unit (FPU). The Kaskida field is a greenfield Paleogene development located approximately 400 km southwest of New Orleans in the Keathley Canyon area of the US Gulf of Mexico. The …
https://splash247.com/sbm-offshore-to-install-bps-gulf-of-mexico-production-unit/
https://splash247.com/sbm-offshore-to-install-bps-gulf-of-mexico-production-unit/New York-listed offshore driller Valaris has been awarded new deals for its rigs, increasing the company’s backlog to approximately $4.2bn. US supermajor ExxonMobil exercised a six-month price option for the 2015-built Valaris DS-9 drillship. The option will begin in January 2026 in direct continuation of the existing firm program. The rig has been under hire …
https://splash247.com/new-rig-deals-boost-valaris-backlog-to-4-2bn/
https://splash247.com/new-rig-deals-boost-valaris-backlog-to-4-2bn/Today sees the Mediterranean Sea officially become an emission control area (ECA) for sulphur oxides (SOx). All vessels operating in the region must now comply with stricter environmental standards whereby they either use maximum 0.10% sulphur content in fuel, or use approved exhaust gas cleaning systems also known as scrubbers. In contrast to North and …
https://splash247.com/mediterranean-eca-starts/
https://splash247.com/mediterranean-eca-starts/Wallenius Wilhelmsen has acquired the remaining shares in New Zealand shipping concern, Armacup, bringing the shareholding percentage from 65% to 100%. Armacup is a New Zealand-headquartered shipping company that has pioneered the Japanese used car trade since the 1980s. Armacup has since then expanded its position in the Asia-Oceania trade, servicing all three main export …
https://splash247.com/wallenius-wilhelmsen-acquires-remaining-shares-in-armacup/
https://splash247.com/wallenius-wilhelmsen-acquires-remaining-shares-in-armacup/Wattlab, the Netherlands-based maritime solar specialist, has introduced its SolarDeck technology to the seagoing shipping industry. SolarDeck is a modular and scalable system of deck-mounted solar panels that yield significant reductions in fuel consumption and CO2 emissions. Moreover, based on installation on a seagoing general cargo vessel, SolarDeck combines substantial savings via Fuel EU Maritime …
https://splash247.com/plug-and-play-solar-power-solution-launches/
https://splash247.com/plug-and-play-solar-power-solution-launches/Yesterday, the US imposed sanctions on seven entities engaged in Iranian petroleum products and petrochemical products trade as well as identifying two vessels as blocked property. The tankers Eloise and Olia managed by Vroom Marine Venture were the one picked up for the latest sanctions as the US continues its so-called maximum pressure campaign on …
https://splash247.com/us-issues-further-sanctions-against-iran/
https://splash247.com/us-issues-further-sanctions-against-iran/Mark Charman, CEO and founder of Faststream Recruitment, provides readers with insights from his company’s latest Global Ship Operators Employment Report. The maritime sector is undergoing a profound shift and ship operators are right at the centre of it. In the Global Ship Operators Employment Report 2025, Faststream Recruitment surveyed ship operators around the world …
https://splash247.com/a-call-to-action-for-maritime-employers/
https://splash247.com/a-call-to-action-for-maritime-employers/Ningbo Ocean Shipping Co (NBOSCO) has revealed a fleet expansion plan, which is expected to see four newbuildings added to its fleet. The Shanghai-listed subsidiary of Ningbo-Zhoushan Port Group has lined up up to $192m for a quartet of 2,700 teu vessels, with the shipyard yet to be selected through a bidding process. NBOSCO ranks …
https://splash247.com/ningbo-ocean-shipping-readies-newbuild-investments/
https://splash247.com/ningbo-ocean-shipping-readies-newbuild-investments/