ShipOracle News
French shipowner Louis Dreyfus Armateurs (LDA) will install Norsepower Rotor Sails on a new low-emission roro fleet to be chartered to Airbus. The Norsepower Rotor Sail is a modernised version of the old Flettner rotor concept that uses electric power to actively rotate the cylinder-shaped rotors on the deck. The new low-emission vessels, which will …
https://splash247.com/norsepower-seals-largest-wind-assist-contract-to-date/
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ShipOracle News
New York-listed Greek owner Costamare has reaffirmed its dry bulk fleet renewal and focus on larger tonnage in the sector. The Konstantinos Konstantakopoulos-led company has revealed the sale of nine ships ranging between 32,400 dwt and 56,670 dwt and built between 2006 and 2012. Five bulkers have already switched hands, resulting in net proceeds after …
https://splash247.com/costamare-continues-clearout-of-smaller-bulkers/
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ShipOracle News
US supermajor ExxonMobil has reserved up to four slots for shuttle tanker newbuilds in South Korea. Shipbuilding sources report Samsung Heavy Industries winning a tender for a pair of 150,000 dwt units with delivery in June and December 2027 and options attached for two more newbuilds. Samsung is the biggest builder of these vessels that …
https://splash247.com/exxonmobil-lines-up-shuttle-tanker-newbuilds/
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ShipOracle News
AP Moller-Maersk has achieved another industry first, having validated its decarbonisation targets to be in line with the Paris Agreement’s goal to hold the global average temperature increase at 1.5C above pre-industrial levels. The Danish shipping and logistics group has seen its goals verified by the Science Based Targets initiative (SBTi) – a group that …
https://splash247.com/maersk-sets-new-bar-with-shippings-first-climate-target-validation/
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ShipOracle News
French liner CMA CGM has fallen foul of competition authorities in Polynesia in its bid to take over Bolloré Logistics. The Polynesian Competition Authority said this week it will block the takeover deal unless CMA CGM cancels one of its liner services, the Panama Direct Line, or sells Bolloré’s subsidiary in the region. The body …
https://splash247.com/cma-cgm-faces-polynesian-hurdle-in-its-pursuit-of-bollore-logistics/
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The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) took its second price cap enforcement action of 2024 yesterday, imposing sanctions on four entities and identifying one Gabon-flagged vessel as blocked property, the latest in a series of measures designed to hamper Russian oil exports. The US is part of an international …
https://splash247.com/washington-unveils-further-sanctions-against-russian-linked-tanker-operators/
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ShipOracle News
Swedish shipowner Furetank has ordered two dual-fuel product tankers from China Merchants Jinling Shipyard in Yangzhou with delivery expected at the end of 2026. The 17,999 dwt product tankers, like the ten tankers ordered by Furetank’s alliance with the Algoma Central Corporation, will be entered into the Gothia Tanker Alliance. The two Vinga vessels will …
https://splash247.com/furetank-orders-dual-fuel-product-tanker-pair/
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ShipOracle News
New York-listed Greek bulker owner Diana Shipping has entered into a time charter contract with Ming Wah International Shipping for one of its vessels. Ming Wah chartered the 2011-built, 82,165 dwt kamsarmax bulker The gross charter rate is $17,000, minus a 5% commission paid to third parties, for a period until a minimum of August …
https://splash247.com/diana-shipping-charters-out-bulker-to-ming-wah/
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ShipOracle News
Qatari gas shipping giant Nakilat has been selected by QatarEnergy to own and operate up to 25 vessels as part of the Middle Eastern country’s second phase of a massive LNG shipbuilding program. The Doha-based outfit will take ownership of 174,000 cu m units set for construction in South Korea and charter them to affiliates …
https://splash247.com/nakilat-lands-deal-with-qatarenergy-for-up-to-25-lng-newbuilds/
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ShipOracle News
Maersk warned on Thursday that container shipping overcapacity would hit profits more than expected this year and that it didn't see a major boost from the jump in freight rates due to Red Sea disruptions, hammering its shares.The warning, which…
https://www.marinelink.com/news/maersk-warns-oversupply-hit-profits-511417
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