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Oslo-listed semisub player Odfjell Drilling has turned a letter of intent into a contract with Norwegian major Equinor for the use of the 2014-built Deepsea Aberdeen. The letter of intent for the rig was awarded last month. At the time, the client was left undisclosed.Equinor will use the unit to drill an unspecified scope in an …
https://splash247.com/odfjell-drilling-formalises-373m-semisub-contract-with-equinor/
https://splash247.com/odfjell-drilling-formalises-373m-semisub-contract-with-equinor/Franco-Swiss maritime startup Fly-Box is moving its foil-borne container concept into the next phase, launching a detailed techno-economic assessment with a global player active in both shipping and terminal operations. The move follows a busy year for the deeptech firm, which has been lining up pilot routes in the Gulf and successfully flying a scaled …
https://splash247.com/containers-seen-flying-across-lake-geneva/
https://splash247.com/containers-seen-flying-across-lake-geneva/Nordic American Tankers has booked a healthy profit from the sale of two older suezmax tankers as the company presses on with its fleet renewal strategy. The New York-listed owner said it has sealed a deal to sell a pair of 2004- and 2005-built suezmaxes for a combined net price of $50m. Both vessels are …
https://splash247.com/nordic-american-tankers-trims-old-tonnage-ahead-of-newbuild-push/
https://splash247.com/nordic-american-tankers-trims-old-tonnage-ahead-of-newbuild-push/Greek bulker owner DryDel Shipping has moved to deepen its exposure to larger tonnage, signing contracts for two more capesize bulk carriers at Japan’s Namura Shipbuilding. The latest deals take DryDel’s capesize orderbook to four vessels, all under construction at the Japanese yard. The Athens-based company placed its first-ever capesize order in late 2024, booking …
https://splash247.com/drydel-doubles-down-on-capesize-newbuilds/
https://splash247.com/drydel-doubles-down-on-capesize-newbuilds/Japan’s Nippon Yusen Kaisha (NYK) is pushing ahead with another LNG carrier expansion, lining up four large newbuildings at HD Hyundai Heavy Industries. The Tokyo-headquartered behemoth has signed up for a 200,000 cu m quartet at the Korean yard, with options in place for a further four units. The deal is tied to a co-investment …
https://splash247.com/nyk-and-ocean-yield-team-up-on-lng-carrier-quartet/
https://splash247.com/nyk-and-ocean-yield-team-up-on-lng-carrier-quartet/Mitsui OSK Lines (MOL), Japan’s largest shipping company, has announced Jotaro Tamura is stepping up to become president and CEO come April 1 next year, replacing Takeshi Hashimoto who will take over the chairman’s office. “Amidst a rapidly changing business environment, it is essential to address a wide range of management challenges—such as defining strategic …
https://splash247.com/mol-names-new-president/
https://splash247.com/mol-names-new-president/The European Union has escalated its campaign against Russia’s shadow fleet, adding another 41 vessels to its sanctions list and taking the total number of designated ships to nearly 600, as Western powers intensify pressure on Moscow’s oil revenues. The latest EU move targets a mix of tankers accused of transporting Russian crude and petroleum …
https://splash247.com/eu-widens-shadow-fleet-net-as-uk-and-us-tighten-energy-sanctions/
https://splash247.com/eu-widens-shadow-fleet-net-as-uk-and-us-tighten-energy-sanctions/Venezuela has begun deploying naval escorts for vessels carrying oil byproducts as they depart its ports, underscoring a rapid escalation in maritime tensions following US president Donald Trump’s threat of a “total and complete” blockade of sanctioned oil tankers trading to and from the country. The escalation of attacks on commercial shipping in the wider …
https://splash247.com/splash-wrap-and-thats-a-wrap/
https://splash247.com/splash-wrap-and-thats-a-wrap/GTT has secured an order from HD Korea Shipbuilding & Offshore Engineering (HD KSOE) for the tank design of a new liquefied natural gas (LNG) carrier.The LNG carrier will be built by the shipyard Hyundai Samho Heavy Industries (HSHI) on behalf…
https://www.marinelink.com/news/hd-ksoe-enlists-gtt-tank-design-new-lng-533732
https://www.marinelink.com/news/hd-ksoe-enlists-gtt-tank-design-new-lng-533732Splash’s editor gives readers his take on the world of shipping in the year 2025. At financial newswire Bloomberg, the official style guide has always shied away from using words such as but or if in sentences. “Clauses that start with although, but, despite or however often confuse more than clarify, because the words connect …
https://splash247.com/the-year-of-the-caveat/
https://splash247.com/the-year-of-the-caveat/