SRTS News

Low profile Chinese outfit Forever Fortune Shipping has made rare move in the secondhand market. Sources say the Jiangsu-based company has paid $7.5m for the 20-year-old, 45,000 dwt . The product tanker was sold by Taiwanese owner Winson who appear to have achieved a firm price with VesselsValue setting a ... read more

Norwegian OSV operator Solstad Offshore has secured a contract from Enauta Energia for the deployment of its 2006-built AHTS vessel . The contract is for a firm period of 1.5 years, with up to 2 years options, and will commence in the fourth quarter in direct continuation with its current ... read more

Norwegian offshore vessel operator Siem Offshore has been awarded a charter contract by Wintershall for the provision of its dual fuel PSV Siem Symphony. The vessel will support a two-well drilling campaign on the Norwegian Continental Self. The contract period is estimated between 150 to 200 days and the vessel ... read more

Norway’s Torvald Klaveness has announced that it will shift its primary focus in dry bulk to the panamax to post-panamax segment going forward, a move which will see Klaveness Chartering scale down its activity in the supramax segment. Klaveness says that Klaveness Chartering has a particular stronghold in the panamax, ... read more

A.P. Møller – Maersk has announced the departure of chief operating officer and board member Søren Toft, who has decided to pursue an opportunity outside of the company.  Toft leaves with immediate effect, and Maersk CEO Søren Skou will step in to take on Toft’s responsibilities as an interim measure. ... read more

Belgian tanker giant Euronav has signed a service agreement making Malaysia’s Linggi Port its supply base providing low sulphur fuel and other services for ships heading through Asia. Euronav had earlier this year sent one of its two ultra large crude carriers (ULCCs) to Kuala Linggi International Port (KLIP) for ... read more

Lugano-based dry bulk specialist Nova Marine Carriers has announced the opening of a new branch office with a dedicated grain desk in Geneva, Switzerland. Vincenzo Romeo, CEO of Nova Marine Carriers, explained to Splash the move, saying: “We have decided to move our freight trader Cedric Lopresti from Lugano in ... read more

Hamburg-based MPC Capital has announced the acquisition of a 50% stake in tanker chartering specialist Albis Shipping & Transport. Albis operates a commercial platform for tankers of various sizes and offers tailor-made solutions for the chartering and operations of tankers. MPC Capital expects the acquisition to complement its range of ... read more

South Korean owner Polaris Shipping has returned to Shanghai Waigaoqiao for a pair of newcastlemaxes as part of its ongoing fleet renewal program. Polaris has inked a contract for two 210,000 dwt bulkers. The Tier III-fitted ships will deliver in 2021. No price has been revealed for the vessels. In ... read more

Four Japanese conglomerates are proceeding with a deepwater FPSO charter project off Brazil. MODEC, Mitsui & Co, Mitsui OSK Lines (MOL) and Marubeni Corporation will invest in a long-term charter in an FPSO for use in Petrobras’s Búzios field off the coast of Brazil. Mitsui, MOL and Marubeni will invest ... read more

Maersk Drilling has been awarded a one-well exploration contract by MOL Norge for 2014-built jackup rig . The rig has been contracted by MOL for operations at license PL617 in the southern Norwegian North Sea, with work set to commence in August 2020. PL617 is operated by MOL Norge in ... read more

David Flanagan from Infospectrum writes for Splash on the big picture for global oil supplies. The recent drone strike on Saudi Arabian oil production facilities demonstrated once again how global oil supply can be vulnerable to political risks. Saudi crude oil output of just under 10m barrels-per-day (bpd) makes up ... read more

Chinese dry bulk operator Ningbo Marine has announced that its Singapore subsidiary has chartered the 2011-built capesize bulker ZJE Ocean 1 from its controlling shareholder Zhejiang Energy under a long-term bareboat charter agreement. The charter agreement is for a period of 60 months with floating rates between $3,844 and $11,044 ... read more

Cyprus-based seismic service provider SeaBird Exploration has secured a letter of intent for the exclusive provision of source vessel services for an OBN survey in the Eastern Hemisphere. The survey is expected to commence in the first quarter of 2020, with an approximate duration of 60 – 90 days. Seabird ... read more

Japanese shipbuilder Mitsui E&S Holdings is slashing its workforce and pushing through a restructuring. Local financial newswire Nikkei is reporting the yard is about to lay off around 10% of its staff, while the company is expected to stop building commercial ships at its Chiba shipyard. The yard has two ... read more

On the eve of the latest round of UN ship climate negotiations at the International Maritime Organization (IMO) in London, a new report published by Seas at Risk and Transport & Environment maintains slower ship speeds would massively reduce the damage shipping is causing to human health, nature and the ... read more

Dutch lawyer August J. Braakman writes for Splash on how the liner trades are changing. During the past decade the global market of containerised liner shipping services has been subject to fundamental transformations. This is due to the ever-increasing use of business intelligence and analytics (BI&A) systems, which store and ... read more

Denmark has a new dry bulk operator with some familiar names at the helm. Delta Corp has been formed by three former employees at Norvic Shipping, with Mudit Paliwal installed as CEO. Headquartered in Hellerup to the north of Copenhagen, Delta also has offices in India, Dubai and Singapore. The ... read more

India’s Great Eastern Shipping has emerged as the buyer of two 14-year-old, 159,000 dwt suezmaxes, the and the . The two ships were previously owned by Konig & Cie and fetched a price of $23m each, according to Advanced Shipping & Trading. Chatter about the ships started in July when ... read more

Norway’s Atlantica Shipping has acquired 2009-built SPP MR2 product tanker , according to multiple brokers.; Seasure Shipbroking and Advanced Shipping & Trading are reporting the Norwegian owner has paid $19.25m to Greece’s Empire Navigation for the BWTS fitted vessel. The price is slightly higher than the $18.8m valuation put on ... read more