SRTS News

Shipping has no clear understanding of what decarbonisation means in real terms for the industry, a new poll suggests. Prompted by Eco Marine Power’s Greg Atkinson, a regular contributor to this site, the latest MarPoll, Splash’s quarterly survey, gives readers seven definitions of of the word ‘decarbonisation’, asking them for ... read more

Norway’s Solstad Offshore has been awarded a contract with an EPIC contractor for the charter of 2010-built construction support vessel . The vessel will be utilised in the development phase of an offshore wind project in Taiwan. The contract will commence during the first half of 2021 and have a ... read more

With the cracks widening along the buckled hull of the giant bulk carrier, locals are bracing for the 203,000 dwt to break up as early as today. Salvors have managed to siphon off most of the remaining bunker fuel onboard, while clean-up operations remain in full swing across much of ... read more

Hermitage Offshore Services, part of Emanuele Lauro-led Scorpio Group, has voluntarily filed for reorganisation under chapter 11 of the bankruptcy code in the United States Bankruptcy Court, citing the prolonged slump in global oil prices driven in part by the global coronavirus pandemic. The company said it took the action ... read more

Chief correspondent Jason Jiang digs into the souring of relations between China and Australia to ask what this could mean for iron ore trade flows. Splash’s report two weeks ago on China’s decision to construct a raft of new very large ore carrier (VLOC) terminals – interpreted by some analysts ... read more

Japanese shipping line Nippon Yusen Kaisha (NYK) is teaming with compatriot yard Japan Marine United and local class society Nippon Kaiji Kyokai (ClassNK) to try and commercialise the use of an ammonia-fuelled ammonia gas carrier as well as an ammonia floating storage and regasification barge. “Ammonia is expected to be ... read more

US conbulk shipping operator Westwood Shipping Lines has appointed Jack Mahoney as the new president and CEO of the company, replacing Guy Stephenson who is retiring after 13 years in the role. Mahoney spent 21 years working for AP Moller Maersk with his roles including the president of Maersk Line ... read more

Singapore-listed Indonesian shipping company Samudera Shipping Line has announced the appointment of Bani Mulia as chief executive officer of the company effective from September 1. The appointment is part of the company’s board and management restructuring, which sees the current CEO Asmari Prayitno being re-deployed in the Samudera Indonesia Group ... read more

Indonesian carrier Salam Pacific Indonesia Lines has been revealed by Alphaliner as the taker of the taker of First Ship Lease Trust’s last three boxships. The three 4,252 teu ships – FSL Elixir, FSL Eminence and FSL Enhancer – are now the largest ships in Salam Pacific’s fleet. VesselsValue puts ... read more

Greek Nasdaq-listed boxship owner Euroseas has sold three of its eldest vessels for scrap. In its second quarter results, the company revealed the sale of the 1995-built 1,452 teu Manolis P, the 2000-built 2,506 teu EM Oinousses and the 1993-built 1,169 teu Kuo Hsiung. The sales were completed last month ... read more

The shipowning arm of state-owned and Shanghai-listed Xiamen ITG Group has snapped up two modern kamsarmaxes, broker sources tell Splash. ITG Xiamen is the taker of two Namura-built 81,361 dwt bulkers, named Xing Huan Hai and Xing Le Hai, sold for a firm $26m each. The ships will join a ... read more

Salvors have managed to halt the worst of the spill from the grounded bulk carrier off the south coast of Mauritius but authorities concede there is now a very strong possibility the 203,000 dwt Panama-flagged ship will break up soon as cracks in its hull widen. More than 1,000 tonnes ... read more

Ports around the world are actively reviewing their ammonia nitrate storage guidelines in the wake of last Tuesday’s terrible explosions that decimated much of the Lebanese capital, Beirut. Ammonium nitrate is formed when ammonia gas is combined with liquid nitric acid. The chemical compound is widely used in agriculture as ... read more

Singapore’s sovereign wealth fund Temasek Holdings has pulled its planned takeover of Keppel Corp, citing the company’s dire second quarter results. Keppel, one of Singapore’s most diverse conglomerates involved in property development, ship repair and rig-building, sank into a net loss of S$697m ($507m) for April to June, from a ... read more

India is planning to develop a transhipment port at Great Nicobar Island in the Bay of Bengal with an investment of Rs10,000 crore ($1.33bn). The Indian prime minister Narendra Modi announced the plan as he inaugurated the first undersea optical fiber project to provide high speed internet to the Andaman ... read more

Denmark’s Norden has added two more ultramaxes to its series under construction at Nantong Cosco KHI Ship Engineering (NACKS) taking its tally at the yard to six. Norden has already sold two vessels on sale and leaseback terms, subject to final completion of terms, freeing up liquidity. Furthermore, the shipowner ... read more

A.P. Moller-Maersk’s APM Terminals has acquired from Aarhus Logistics Center A/S (ALC) its container terminal in the port of Aarhus. Neighbouring APM Terminals Aarhus will take over the operations as well as the port areas of ALC effective September 1. The terminal was established by ALC in 2017, however due ... read more

The 2003-built 639 teu feeder containership slammed into a pier at Manila North Harbor Port on Monday. According to the initial investigation report by Philippine Coast Guard (PCG), the ship ran into the pier after it suffered an engine malfunction, leaving it unable to turn. Both the ship’s bow and ... read more

Offshore driller Pacific Drilling has been awarded a new contract by Murphy Oil for 2014-built drillship . The drillship was awarded a new contract for 10 firm wells, with five options, in the US Gulf of Mexico commencing in the second quarter of 2021. The firm contract, which is at ... read more

The International Maritime Organisation (IMO) will hold all its meetings virtually through to the end of the year including the all-important 75th session of the Marine Environment Protection Committee (MEPC), a gathering that will attempt to thrash out short-term measures to ensure shipping slashes its carbon footprint. MEPC, postponed in ... read more