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Lloyd’s Register (LR) has awarded Approval in Principle (AiP) to HD Korea Shipbuilding & Offshore Engineering (KSOE) for its next-generation 210,000 DWT Newcastlemax bulk carrier design.The innovative design features flexibility for multiple fuel types…
https://www.marinelink.com/news/lloyds-register-approves-ksoes-nextgen-528369
https://www.marinelink.com/news/lloyds-register-approves-ksoes-nextgen-528369Yinson Production, via its joint venture PTSC South East Asia (PTSC SEA), has secured a lease and operate contract for a new floating storage and offloading (FSO) unit for Vietnam’s offshore Block B gas development.The contract was awarded by Phu Quoc Petroleum Operating Company (PQPOC)…
https://www.marinelink.com/news/yinson-ptsc-m-contract-vietnambound-fso-528371
https://www.marinelink.com/news/yinson-ptsc-m-contract-vietnambound-fso-528371Econowind has received a repeat order from Terntank for the installation of eight VentoFoil units on two additional methanol-ready hybrid tankers. Following the initial order in May 2023 for three newbuilds, this brings the total to five vessels and 20 VentoFoils…
https://www.marinelink.com/news/econowind-receives-repeat-order-terntank-528374
https://www.marinelink.com/news/econowind-receives-repeat-order-terntank-528374Norway’s BW Energy has chosen to drill its Kharas appraisal well off Namibia using the 2018-built Deepsea Mira, owned by the semisub spin-off of Northern Drilling, Northern Ocean. The rig will work on the well on the Kudu licence offshore Namibia in the Orange Basin. The rig is expected to complete the work in the …
https://splash247.com/northern-drilling-semisub-to-drill-for-bw-energy-off-namibia/
https://splash247.com/northern-drilling-semisub-to-drill-for-bw-energy-off-namibia/Dubai-based Shelf Drilling has secured new contracts for two of its rigs, extending its presence in both the Middle East and the North Sea. In Egypt, the Oslo-listed jackup rig pure-play has landed a one-year extension for the Rig 141, which is operating in the Gulf of Suez. The extension, worth about $23m and in …
https://splash247.com/shelf-drilling-scores-contracts-for-rigs-in-egypt-and-the-uk/
https://splash247.com/shelf-drilling-scores-contracts-for-rigs-in-egypt-and-the-uk/Donald Trump has reached a trade deal framework with the European Union with a US tariff on all EU goods of 15%, adding to earlier trade deals struck with the UK, Japan, Indonesia, the Philippines and Vietnam. As part of the deal, in good news for tanker owners, the EU has committed to spend $750bn …
https://splash247.com/trump-hails-trade-deal-with-the-eu/
https://splash247.com/trump-hails-trade-deal-with-the-eu/Argentina is poised to become a far more prominent fixture on the global crude oil shipping landscape, with soaring shale output and major infrastructure investments unlocking new export opportunities and driving increased demand for mid- and large-size tankers. At the heart of this transformation is the country’s prolific Vaca Muerta shale formation, whose production hit …
https://splash247.com/argentina-rises-on-the-global-tanker-map-as-shale-exports-surge/
https://splash247.com/argentina-rises-on-the-global-tanker-map-as-shale-exports-surge/The LNG carrier demolition market has shifted into high gear in 2025, with a record number of vessels sold for recycling—underscoring a sector-wide pivot away from ageing steam turbine tonnage amid a period of low spot rates. Multiple broking sources report Abu Dhabi’s Adnoc Logistics & Services has just sold its two oldest gas carriers, …
https://splash247.com/2025-becomes-record-year-for-lng-carrier-scrapping/
https://splash247.com/2025-becomes-record-year-for-lng-carrier-scrapping/Yemen’s Houthi rebels on Sunday declared an escalation in their maritime campaign, announcing they will now target any ships belonging to companies that do business with Israeli ports, regardless of flag, ownership, or destination. The warning, delivered in a televised statement by the group’s military spokesperson, marks what the Iran-aligned militants described as the “fourth …
CK Hutchison, the Hong Kong-based conglomerate, confirmed on Monday that it is in discussions to bring a “major strategic investor” from China into the bidding consortium for its $22.8bn global ports business. The move follows the expiration of a 145-day exclusivity agreement with the original buyers’ group and comes amid intensifying regulatory scrutiny from Beijing. …