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Global trade patterns are being remoulded at a fast clip, with reshoring now clearly diminishing China’s dominance in the transpacific box trades. Covid, a more strident China, tensions along the Taiwan Strait, and the war in Ukraine have all played their part in many companies looking for alternative places to source their goods lately. Data …
https://splash247.com/vietnam-taking-significant-volume-of-us-bound-box-exports-away-from-china/
https://splash247.com/vietnam-taking-significant-volume-of-us-bound-box-exports-away-from-china/Prices of secondhand crude tankers have reached their highest level in 15 years, backed by a reconfigured global oil trade after Russia’s invasion of Ukraine, according to shipowning body BIMCO. As the hot market scrambles for available tonnage with secondhand units approaching newbuild prices, BIMCO’s chief shipping analyst, Niels Rasmussen, has seen five-year-old ships increase …
https://splash247.com/secondhand-crude-tanker-values-hit-record-levels-this-century/
https://splash247.com/secondhand-crude-tanker-values-hit-record-levels-this-century/The dragon is back, firing on all cylinders, giving hope to anyone involved in the shipping of commodities to the country with the largest population in the world. China, shorn of the shackles of covid finally, has provided plenty of hugely encouraging data points for tanker and dry bulk owners this week. Gross domestic product …
https://splash247.com/chinese-commodity-demand-soars-back/
https://splash247.com/chinese-commodity-demand-soars-back/Singapore-based offshore wind vessel pure-play Cyan Renewables has contracted Dutch-based Ulstein Design & Solutions, part of Norway’s Ulstein Group, to design a series of new offshore wind foundation installation vessels (FIVs). With a shortage of specialised offshore wind support vessels, these new FIVs are needed to fill the gap and will enable Cyan to support …
New York-listed floating regasification specialist Excelerate Energy has completed the acquisition of FSRU from Greece’s Maran Gas. The Texas-headquartered company paid $265m for the 173,400 cu m Sequoia currently operating at the Bahia Regasification Terminal in Bahia, Brazil. The Daewoo Shipbuilding and Marine Engineering (DSME)-built unit, capable of operating as both an FSRU and LNG …
https://splash247.com/excelerate-completes-265m-maran-gas-frsu-purchase/
https://splash247.com/excelerate-completes-265m-maran-gas-frsu-purchase/Malaysia’s top shipping line MISC has clinched what it says is its first sustainability-linked loan. The company with more than 100 ships in its fleet, sealed an 11-year, $527m syndicated loan through its subsidiaries in Singapore, for the financing of six very large ethane carriers (VLECs). The ambitious environmental key performance indicator (KPI) is benchmarked …
https://splash247.com/misc-makes-green-finance-debut-with-527m-loan/
https://splash247.com/misc-makes-green-finance-debut-with-527m-loan/Boskalis’ SMIT Salvage has been tasked to remove oil from the decaying floating storage and offloading unit (FSO) moored off Yemen’s Red Sea coast. The single-hulled oil tanker, built in 1976 and converted in 1987, is believed to hold 1.14m barrels of light crude oil. Due to the crisis in Yemen, the FSO has not been maintained …
https://splash247.com/un-taps-boskalis-to-remove-oil-from-decaying-fso-off-yemen/
https://splash247.com/un-taps-boskalis-to-remove-oil-from-decaying-fso-off-yemen/Greek bulker owner Diana Shipping has tapped Danish Ship Finance for a $100m loan maturing in April 2028. The New York-listed firm has used the proceeds to refinance two existing loans with BNP Paribas of about $75.2m and another loan facility with DNB Bank of approximately $11.8m. Diana said the leftover cash may be used …
https://splash247.com/diana-shipping-clinches-100m-for-debt-refinancing/
https://splash247.com/diana-shipping-clinches-100m-for-debt-refinancing/Norway’s Höegh Autoliners has landed a five-year deal with a major Asian automaker to carry cars from Asia to Europe. The Oslo-based company, which operates around 40 roros and makes about 3 000 port calls each year did not disclose the numbers, but said the contract that starts this month has a “significant value”. Andreas …
https://splash247.com/hoegh-autoliners-bags-five-year-asia-europe-vehicle-shipping-deal/
https://splash247.com/hoegh-autoliners-bags-five-year-asia-europe-vehicle-shipping-deal/Dutch marine services firm Boskalis has, through its subsidiary SMIT Salvage, reached an agreement with the United Nations Development Programme (UNDP) to remove the oil from the decaying FSO Safer moored off Yemen’s Red Sea coast in a push to avoid environmental disaster.
https://www.marinelink.com/news/preventing-oil-spill-disaster-boskalis-504537
https://www.marinelink.com/news/preventing-oil-spill-disaster-boskalis-504537