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Northern Ocean has secured a new Shell campaign for its sole remaining drilling rig, putting the Deepsea Mira back to work from April next year after a lengthy idle spell. The John Fredriksen-backed rig owner has signed a contract with a Shell subsidiary covering a programme in Trinidad and Tobago and the wider Caribbean. The …
https://splash247.com/northern-ocean-scores-70m-shell-semisub-deal/
https://splash247.com/northern-ocean-scores-70m-shell-semisub-deal/Akastor has completed the sale of the Skandi Peregrino for $21.6m, bringing the curtain down on subsidiary DDW Offshore’s vessel-owning business. The Oslo-listed oil services investment company said DDW has received the sale proceeds and now owns no ships. The buyer vehicle is Norway’s Anchor Australia, set to be folded into the rapidly growing AHTS …
https://splash247.com/akastor-clears-last-ddw-anchor-handler-in-21-6m-deal/
https://splash247.com/akastor-clears-last-ddw-anchor-handler-in-21-6m-deal/Japan’s Namura Shipbuilding is absorbing its wholly owned Imari Steel Center as the shipbuilder moves to tighten control of production ahead of a major expansion of its newbuilding business. The Osaka-listed builder has approved the merger, with the transaction scheduled to take effect on April 1, 2027. Namura will remain the surviving company and Imari …
https://splash247.com/namura-absorbs-imari-steel-arm-ahead-of-shipbuilding-expansion/
https://splash247.com/namura-absorbs-imari-steel-arm-ahead-of-shipbuilding-expansion/South Korea’s Pan Ocean and Korea Line have secured separate long-term contracts from POSCO Flow worth a combined KRW167.75bn ($123.6m) to move steelmaking raw materials into the country. Harim-controlled Pan Ocean has signed the larger of the two deals, a KRW95.83bn ($70.7m) contract covering shipments of iron ore and coal from Australia, Canada and other …
https://splash247.com/pan-ocean-and-korea-line-secure-fresh-posco-flow-cover/
https://splash247.com/pan-ocean-and-korea-line-secure-fresh-posco-flow-cover/Mark O’Neill discusses the likely shipping impact as the world shifts from globalisation to regionalisation. For decades, global shipping has been built around a simple premise: the more integrated the world economy became – governed and regulated by a sophisticated and universally respected international rules-based order – the more efficient, standardised and global maritime transport would …
https://splash247.com/why-shippings-niche-players-are-set-to-resurge/
https://splash247.com/why-shippings-niche-players-are-set-to-resurge/Macquarie has disclosed a $99m senior debt facility for George Youroukos-led Technomar covering the refinancing of seven containerships. The Australian financial group said the funding was provided to shipowning entities within the Athens-based Technomar Group, although it did not identify the seven vessels, disclose pricing or give the maturity of the facility. The transaction forms …
https://splash247.com/macquarie-reveals-99m-technomar-boxship-refinancing/
https://splash247.com/macquarie-reveals-99m-technomar-boxship-refinancing/Singapore is preparing an AI-powered overhaul of its ship registry that will cut standard registration processing times from as much as three working days to a matter of minutes. The Maritime and Port Authority of Singapore said that a new end-to-end registration platform will be launched in the first half of 2027, covering everything from …
https://splash247.com/singapore-puts-ship-registration-on-ai-fast-track/
https://splash247.com/singapore-puts-ship-registration-on-ai-fast-track/JP Morgan has added another two VLGC newbuildings at Samsung Heavy Industries, taking the US banking giant’s 88,000 cu m programme at the South Korean yard to six ships. Shipbuilding sources list two additional gas carriers against JP Morgan’s Bermuda-based maritime investment platform Global Meridian Holdings at Samsung’s Geoje yard for delivery in 2030. The …
https://splash247.com/jp-morgan-expands-gas-carrier-spree-with-samsung-vlgc-double/
https://splash247.com/jp-morgan-expands-gas-carrier-spree-with-samsung-vlgc-double/Japan’s K Line has been linked to another pair of LNG carrier newbuildings at Samsung Heavy Industries worth KRW672.2bn ($494m). Samsung disclosed on Friday that it had secured an order from an unnamed Asian shipowner for two LNG carriers, with delivery of both ships scheduled by the end of May 2029. Shipbuilding sources identify Kawasaki …
https://splash247.com/k-line-tied-to-494m-samsung-lng-carrier-pair/
https://splash247.com/k-line-tied-to-494m-samsung-lng-carrier-pair/Commodity trading giant Gunvor is changing its name to Centalion and moving its corporate base to Singapore less than a year after completing a management buyout. The employee partnership that owns the business has voted to rename Gunvor Group as Centalion Group and intends to redomicile its parent holding company from Cyprus to Singapore, subject …
https://splash247.com/gunvor-rebrands-as-centalion-and-heads-for-singapore/
https://splash247.com/gunvor-rebrands-as-centalion-and-heads-for-singapore/