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Norwegian offshore vessel owner Solstad Maritime has been awarded firm contracts for two of its anchor-handling tug supply vessels by an unnamed client. The contracts were awarded to the 2009-built Normand Scorpion and the 2010-built Normand Saracen, with a combined duration of 475 days. The contracts are expected to commence in the second and third …
https://splash247.com/solstad-lands-apac-drilling-support-work-for-two-ahts-vessels/
https://splash247.com/solstad-lands-apac-drilling-support-work-for-two-ahts-vessels/Mumbai-based Seven Islands Shipping has emerged as the taker of the 50,000 dwt MTM Mississippi (built 2006), a ship that has been renamed Inspire. A price tag of close to $15.5 m has been attached to the deal.The ship was sold by MT Maritime. The acquisition marks the second MR move this year by the …
https://splash247.com/seven-island-shipping-fleet-value-passes-the-half-billion-mark/
https://splash247.com/seven-island-shipping-fleet-value-passes-the-half-billion-mark/COSCO (Guangdong) Shipyard has completed the first of at least two conversions turning supramax bulk carriers into containerships, according to Alphaliner. The 53,000 dwt Pu Tuo Hai, a 2007-built Diamond 53 bulker, entered the Guangzhou yard on June 10 and emerged a little over three months later as the 2,528 teu Singapore River. The ship …
https://splash247.com/cosco-completes-first-supramax-to-boxship-conversion/
https://splash247.com/cosco-completes-first-supramax-to-boxship-conversion/Mediterranean Shipping Co’s extraordinary expansion has passed another scarcely believable milestone: its existing fleet and firm orderbook now comfortably exceed 10m teu, roughly equivalent to the capacity of the entire global liner industry just 20 years ago. Alphaliner data puts MSC’s operated fleet at about 7.4m teu, representing 21.5% of global liner capacity, with its …
https://splash247.com/msc-fleet-and-orderbook-smash-through-10m-teu/
https://splash247.com/msc-fleet-and-orderbook-smash-through-10m-teu/Dry bulk’s fundamentals are beginning to line up in a way the market has not seen for years, with cargo growth, longer voyages, firm period rates and rising asset values all providing support across a sector that tends to accelerate in terms of earnings in most Q4s. New research from Greece’s Ursa Shipbrokers calculates that …
https://splash247.com/dry-bulk-fundamentals-click-into-place/
https://splash247.com/dry-bulk-fundamentals-click-into-place/Five seafarers were killed by Somali pirates before Puntland security forces recaptured the hijacked product tanker Honour 25, marking what appear to be the first crew deaths at the hands of Somali pirates in more than a decade. Puntland’s information ministry said three Pakistanis, one Indian and one Myanmar national were killed before forces boarded …
https://splash247.com/first-somali-piracy-crew-deaths-in-over-a-decade/
https://splash247.com/first-somali-piracy-crew-deaths-in-over-a-decade/The $4.2bn Hapag-Lloyd takeover of ZIM is not formally dead, but the transaction agreed in February has effectively been sent back to the drawing board after Israeli authorities stopped reviewing the existing structure. Israel’s Government Companies Authority informed ZIM on Tuesday evening that it had ended consideration of the original application covering the proposed sale …
https://splash247.com/israel-sends-hapag-lloyd-back-to-drawing-board-on-zim/
https://splash247.com/israel-sends-hapag-lloyd-back-to-drawing-board-on-zim/Somali pirates killed five crew members of the hijacked MT Honour 25 petroleum products tanker before it was rescued by security forces, Somalia's semi-autonomous state of Puntland said on Tuesday.Puntland's authorities said they also rescued…
https://www.marinelink.com/news/somali-pirates-kill-five-tanker-crew-543350
https://www.marinelink.com/news/somali-pirates-kill-five-tanker-crew-543350Thailand’s Mermaid Maritime has teamed up with Nigerian offshore services player Marine Platforms to establish a local subsea joint venture targeting work with TotalEnergies and other oil and gas majors. The Singapore-listed offshore contractor has taken a 49% stake in Mermaid Subsea Services through wholly owned Mermaid Subsea Oil and Gas Services, with Marine Platforms …
https://splash247.com/mermaid-teams-with-marine-platforms-for-nigeria-subsea-push/
https://splash247.com/mermaid-teams-with-marine-platforms-for-nigeria-subsea-push/Tsakos Energy Navigation has sold the oldest ship in its fleet, continuing to clear out ageing tonnage as a 26-vessel newbuilding programme feeds younger ships into the company. The New York-listed Greek owner said the 2003-built panamax/LR1 tanker Andes has been sold to independent third parties. The deal will generate around $13m of free cash …
https://splash247.com/tsakos-clears-out-oldest-ship-as-fleet-renewal-rolls-on/
https://splash247.com/tsakos-clears-out-oldest-ship-as-fleet-renewal-rolls-on/