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The U.S. Coast Guard coordinated the rescue of 22 crew members from the Marshall Islands-flagged vehicle carrier Min Jiang Kou after the ship experienced a fire approximately 630 miles south of Costa Rica on Thursday.At 1:09 p.m., Coast Guard…
https://www.marinelink.com/news/crew-rescued-vehicle-carrier-fire-off-541920
https://www.marinelink.com/news/crew-rescued-vehicle-carrier-fire-off-541920A.P. Moller - Maersk has entered into an agreement to sell Maersk Training and its subsidiary Maersk H2S Safety Services to Open Gate Capital, an industrial, corporate carve-out specialist.For more than four decades, Maersk Training has provided specialized training…
https://www.marinelink.com/news/maersk-sell-training-subsidiary-541921
https://www.marinelink.com/news/maersk-sell-training-subsidiary-541921Klaveness Combination Carriers (KCC) has taken delivery of MV Baltazar, its third and final contracted third-generation CABU vessel, from New Yangzi Shipyard in China.Equipped with the first wind-assisted propulsion system in KCC's fleet and a range of advanced energy efficiency technologies…
https://www.marinelink.com/news/kcc-takes-delivery-final-cabu-iii-541922
https://www.marinelink.com/news/kcc-takes-delivery-final-cabu-iii-541922Cadeler has signed firm contracts with COSCO Shipping Offshore shipyard in Qidong, China, for the construction of two new T-class offshore wind installation vessels, scheduled for delivery in 2030 and 2031.The new T-class series vessels have…
https://www.marinelink.com/news/cadeler-orders-offshore-wind-installation-541928
https://www.marinelink.com/news/cadeler-orders-offshore-wind-installation-541928Greek bulker owner Diana Shipping has secured an 18% rate increase for its capesize Florida in a new charter with Japan’s NYK. The 2022-built, 182,063 dwt vessel will earn $30,500 per day, minus a 5% commission, for between 32 and 35.5 months. The charter is expected to start during the second quarter of 2027 and …
https://splash247.com/diana-adds-to-rate-gains-with-new-capesize-fixture/
https://splash247.com/diana-adds-to-rate-gains-with-new-capesize-fixture/Castor Maritime has moved its kamsarmax Magic Starlight into a Fearnley-arranged joint venture, taking $18.75m in cash while retaining a 30% interest in the vessel. The Nasdaq-listed owner established the vehicle with third-party investors brought together by Fearnley Securities. The transaction closed this month with the delivery of the 2015-built bulker to the venture. The …
https://splash247.com/castor-shifts-kamsarmax-into-fearnley-backed-venture/
https://splash247.com/castor-shifts-kamsarmax-into-fearnley-backed-venture/Maersk has agreed to sell Maersk Training and its subsidiary Maersk H2S Safety Services to US private equity firm OpenGate Capital. Financial terms were not disclosed. The transaction remains subject to regulatory approvals and customary closing conditions, with completion expected later this year. Maersk Training will continue to operate as part of the Danish shipping …
https://splash247.com/maersk-sells-training-arm-to-opengate/
https://splash247.com/maersk-sells-training-arm-to-opengate/Brookfield has taken indirect control of a 19.86% stake in Danish product tanker owner Torm following the Canadian investment group’s full acquisition of Oaktree. Torm said Oaktree no longer indirectly held any shares or voting rights in the company as of end-July. Brookfield Corporation has instead become the ultimate controlling shareholder of OCM Njord Holdings, …
https://splash247.com/brookfield-inherits-major-torm-stake/
https://splash247.com/brookfield-inherits-major-torm-stake/Bing Chen-led Seaspan Corporation has become the first international shipowner and operator to access China’s domestic panda bond market, raising RMB1.5bn ($209m) through a three-year private placement. The bond was issued with a coupon of 2.5% and attracted strong demand from both Chinese onshore and international investors. The orderbook was 2.3 times covered. The transaction …
https://splash247.com/seaspan-becomes-first-international-shipowner-to-tap-panda-bond-market/
https://splash247.com/seaspan-becomes-first-international-shipowner-to-tap-panda-bond-market/Yangzijiang Maritime Development has agreed to sell four newbuild bulkers, taking the Singapore-listed company’s contracted vessel sales to $500m across 12 ships in nine months. The latest 40,000 dwt quartet is scheduled for delivery between April 2027 and May 2028. Yangzijiang Maritime did not disclose the buyer or the value of the latest contracts. The …
https://splash247.com/yangzijiang-maritime-takes-vessel-sales-to-500m-with-bulker-quartet/
https://splash247.com/yangzijiang-maritime-takes-vessel-sales-to-500m-with-bulker-quartet/