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Offshore engineering and services player Subsea 7 has received an extension for work on the Sakarya Phase 3 Black Sea gas development offshore Turkey from Turkish Petroleum Offshore Technology Centre (TP-OTC). The additional scope covers towing and mooring line installation and connection activities related to the commissioning of the development’s second floating production unit in …
https://splash247.com/subsea-7-picked-for-turkish-fpu-installation/
https://splash247.com/subsea-7-picked-for-turkish-fpu-installation/Onex DMCC has emerged as one of the tanker market’s most aggressive VLCC buyers, with at least five supertankers now linked to the Dubai trading house through broker reports and sales registers. Splash reported on September 11 that Onex had paid a record $200m for George Procopiou’s near-new 306,000 dwt VLCC Pinios. The vessel has …
https://splash247.com/onex-vlcc-buying-spree-takes-shape/
https://splash247.com/onex-vlcc-buying-spree-takes-shape/The human and commercial toll from the battle for the Strait of Hormuz continues to mount, with one seafarer killed yesterday after the Cape Dao capesize was struck while transiting the waterway. The 2002-built, Antigua and Barbuda-flagged bulker was hit at around 0630 UTC off Oman’s Musandam peninsula, according to UK Maritime Trade Operations. The …
https://splash247.com/seafarer-killed-and-capesize-adrift-in-hormuz/
https://splash247.com/seafarer-killed-and-capesize-adrift-in-hormuz/Shipping has spent the 2020s lurching from one earnings boom to another, with successive crises repeatedly rescuing markets that conventional supply-demand analysis suggested should be weakening. Two new charts capture how today’s supercycle came to be, and which sectors face a likely downturn. Braemar’s decade-long earnings chart reads increasingly like a geopolitical timeline. Covid propelled …
https://splash247.com/the-charts-that-explain-shippings-extraordinary-decade/
https://splash247.com/the-charts-that-explain-shippings-extraordinary-decade/Jinhui Shipping and Transportation has returned to Jiangmen Nanyang Ship Engineering for another pair of ultramax bulkers, taking its newbuilding programme in the segment to 14 ships. The Oslo- and Hong Kong-listed owner is paying $35.7m each, or $71.4m in total, for the two 64,500 dwt vessels. The first is due by the end of …
https://splash247.com/jinhui-keeps-ultramax-ordering-spree-rolling/
https://splash247.com/jinhui-keeps-ultramax-ordering-spree-rolling/Diana Shipping has extended its run of stronger dry bulk fixtures, locking the ultramax DSI Polaris into a new charter with Dai An Ocean Shipping at $18,000 per day, nearly 47% above its current rate. The 2018-built, 60,404 dwt bulker will start its new employment on September 25 at $18,000 per day, less a 5% …
https://splash247.com/diana-extends-rate-run-with-new-ultramax-fixture/
https://splash247.com/diana-extends-rate-run-with-new-ultramax-fixture/China Merchants-controlled Nanjing Tanker has launched a tender for four additional LR2 tankers, potentially tripling its newbuilding exposure in the segment from two ships to six. The Shanghai-listed owner is inviting bids to construct four LR2 product/crude carriers, with submissions due on October 10. The tender calls for ships compliant with IMO Tier III emissions …
https://splash247.com/china-merchants-tanker-arm-lines-up-lr2-quartet/
https://splash247.com/china-merchants-tanker-arm-lines-up-lr2-quartet/Captain Alex Byelyavtsev is back with some uncomfortable predictions for some owners. ISO’s public consultation on ISO 14060 closed on September 9, 2026. The draft is intended to become what ISO describes as the world’s first international independently verifiable standard for credible net-zero alignment. Final text is still ahead. The harder question for shipping is …
https://splash247.com/what-happens-when-net-zero-becomes-auditable/
https://splash247.com/what-happens-when-net-zero-becomes-auditable/Ships are associated with the overwhelming majority of attributable chronic oil pollution at sea, according to a new global analysis from satellite-monitoring group SkyTruth. The study estimates that around 1.58m sq km of ocean surface is covered by oil slicks each year, with more than 90% occurring inside national waters, often close to coastlines. By …
https://splash247.com/ships-blamed-for-bulk-of-chronic-ocean-oil-pollution/
https://splash247.com/ships-blamed-for-bulk-of-chronic-ocean-oil-pollution/V.Group has appointed Shubpreet Singh as chief executive of V.Ships, promoting from within as the shipmanagement giant reshuffles its senior leadership. Singh, a master mariner, has most recently been leading the execution of V.Ships’ strategy after previously heading the group’s Northern Europe and Americas business. V.Group said Singh brings extensive operational and commercial experience, with …
https://splash247.com/shubpreet-singh-takes-over-at-v-ships/
https://splash247.com/shubpreet-singh-takes-over-at-v-ships/