SRTS News

UK-based SSE Renewables and Spain’s Acciona Energía have agreed to explore offshore wind opportunities in Poland as the country seeks to progress the deployment of around 6 GW of offshore wind energy by 2030. The two companies have signed a memorandum of understanding to formalise a 50/50 joint venture. The ... read more

Shandong Shipping has returned to Dalian Shipbuilding Industry (DSIC) for more kamsarmax bulk carriers. The Chinese state-run shipping firm has agreed the construction of two additional 85,000 dwt kamsarmaxes, following a newbuilding order at DSIC for the same pair. The 227.2 m long vessels will be built by DSIC Shanhaiguan ... read more

In a further sign of the roaring, record-breaking period container shipping is enjoying Singapore’s Pacific International Lines (PIL) has expanded its fleet size for the first time since it ran into severe financial difficulties two years ago. The SS Teo-led shipping line had a fleet size of approximately 400,000 slots ... read more

Taiwanese bulk shipping operator Wisdom Marine is expanding its fleet with a fresh order for four handysize bulk carriers split between Japanese players Imabari Shipbuilding and Namura Shipbuilding. The 40,000 dwt quarter is worth around $116m, the company said in a Taiwan Exchange filing. No further details or delivery dates ... read more

Nine shipmanagers have been handed crew change bans by the Ministry of Transport in Beijing after a series of ships entering China were found to have staff onboard with Covid infections. China is taking a very tough stance against Covid after recent waves of variant cases spooked authorities. China hit ... read more

Global container port utilisation rates – stretched thin this year – are set to remain tight through to 2025, a new report from British consultants Drewry suggests. Drewry’s latest Global Container Terminal Operators Annual Review and Forecast report predicts global container port capacity will increase by an average 2.5% per ... read more

Mitsui OSK Lines (MOL) is looking at every line and curve of its ships to make energy savings wherever is possible, even down to the cargo handling cranes on deck. Japan’s largest shipowner is teaming with compatriots Oshima Shipbuilding and Iknow Machinery to research and develop mounting sails on ships’ ... read more

STX Offshore & Shipbuilding, once one of the world’s largest shipbuilders, has rebranded as K Shipbuilding after the yard was finally sold by state creditors. South Korean private equity funds KH Investment and United Asset Management Company (UAMCO) have paid KRW250bn ($217.2m) to take the yard private, after eight years ... read more

Grindrod Shipping is finally buying out the remaining 31.14% equity stake in its IVS Bulk joint venture, paying Bain Capital Credit a total of $46.3m for its share in the venture that controls 12 bulk carriers. Martyn Wade, Grindrod’s CEO, commented: “The acquisition of the remaining shares in IVS Bulk ... read more

The Russian government has announced that it wants to boost annual transit volumes on the Arctic Northern Sea Route from 1.3m tons in 2020 to 30m tons in 2030. During a meeting on strategic development and national projects, Russia’s first deputy prime minister Andrei Belousov said: “By 2030, we plan ... read more

Shell Offshore, a subsidiary of Royal Dutch Shell, has reached a positive final investment decision for Whale, a deep-water development in the US Gulf of Mexico owned by Shell Offshore (60% operator) and Chevron (40%). Discovered in 2017, Whale is in the Alaminos Canyon Block 773, adjacent to the Shell-operated ... read more

The UK Oil and Gas Authority (OGA), has fined energy giant BP £50,000 ($69,000) and served it with a sanction notice for breaching a licence condition by failing to report the progress and results of two extended well tests. Having previously consented to the drilling of two development wells, the ... read more

Dutch FPSO specialist SBM Offshore said Tuesday that The Crown Estate intends to move forward with the lease process for two 100 MW floating wind test and demonstration sites in the Celtic Sea. The projects were proposed by Floventis Energy Limited, a newly established joint venture between SBM Offshore and ... read more

Argentine President Alberto Fernández on Monday declared a six-month state of emergency for the Parana River, which has dropped to its lowest level in 77 years. Water flow in the river in June was recorded at 6,190m3/second, just over half of the 11,823m3/second recorded in June 2019, according to state-owned ... read more

Offshore Wind Ltd (OWL), a joint venture between Spanish firm Cobra Instalaciones Y Servicios and the UK’s Flotation Energy, has unveiled plans to develop two major offshore wind farms in Ireland. OWL is planning a 1 GW fixed-bottom wind farm called Greystones, located off the Irish coast near Dublin. The ... read more

CSSC-affiliated Guangzhou Shipyard International (GSI) has entered into a shipbuilding contract with China Shipbuilding Trading and CMB Financial Leasing for two 16,000 teu containerships linked to Mediterranean Shipping Co (MSC). The scrubber-fitted LNG-ready pair follows the first batch of six 16,000 teu vessels GSI will build as part of the ... read more

London-listed Taylor Maritime Investments has raised $75m through the issue of more than 65m new ordinary shares issued at $1.15 per share to acquire up to six handysize bulk carriers. The placing was oversubscribed and a scaling back exercise has been undertaken. The Guernsey-incorporated firm expects the new shares to ... read more

Croatian shipping firm Alpha Adriatic, former Uljanik Plovidba, has partnered with Dutch consultancy and investment company DC Maritime Partners, looking to strengthen its portfolio in the tanker and bulker sector. The Pula-based company has signed a deal through its subsidiary United Shipping Services One for the establishment of a joint ... read more

TotalEnergies, through Lampiris, its energy supply affiliate in Belgium, signed a power purchase agreement with industrial gas supplier Air Liquide for a total capacity of 15 MW of offshore wind electricity. TotalEnergies will supply 50 GWh per year of renewable electricity over a period of 15 years. Air Liquide will ... read more

North Star Renewables has created a new senior leadership role to oversee the company’s service offshore vessel (SOV) fleet within the offshore wind industry. Steve Myers has been appointed as SOV operations director, overseeing all operational aspects of the company’s growing fleet of SOVs and associated SOV daughter craft, across ... read more