SRTS News

After almost half a century Milan-based Coeclerici Group has closed its coal logistics division, the pioneers of coal transhipment claiming there is no money to be made in the sector any more. Coeclerci has been slimming its shipping interests for years and with the sale of two transhipment vessels now ... read more

Icelandic fishery company Samherji has sealed a deal to acquire a 25.3% stake in Eimskip from US investment fund Yucaipa for a price of ISK11bn ($102m). “Eimskip is an international shipping company that builds its operations on good customer service with the operation of a ship fleet in the North ... read more

Most analysts tell chief correspondent Jason Jiang that shipyards should be able to push through price increases soon. Chinese shipyard reopenings remains the fly in the ointment however. Where will newbuild prices go through to next year? It’s one of shipping’s perennial $64bn questions. Get it right, and you could ... read more

The International Transport Workers’ Federation (ITF) has applauded the recent decision taken by Australian authorities to ban a Chinese bulker from calling Down Under for 12 months, saying such stringent measures could stamp out cases of crew neglect. Splash reported last week how the Australian Maritime Safety Authority (AMSA) had ... read more

Pure breed bulker player Eagle Bulk Shipping broke cover earlier this week, adding its first ship this year, winning the bidding for the four-year old 63,300 dwt supramax for $21.3m from its close Chinese friend HTM Shipping, a unit of steel trader Baoyuan International. The supramax is Eagle Bulk’s second ... read more

Chinese domestic dry bulk shipping operator CSC Phoenix has received a letter from its former parent, Sinotrans & CSC Group, asking the company to change its name. Sinotrans & CSC sold its entire shares in CSC Phoenix to Tianjin Shunhang Shipping in 2015 and the company has been using the ... read more

The Abu Dhabi National Oil Company (ADNOC) has awarded a major survey contract worth AED5.88bn ($1.6bn) to BGP, a subsidiary of China National Petroleum Company (CNPC). ADNOC claims the survey contract is the world’s largest continuous 3D onshore and offshore seismic survey, covering an area up to 53,000 square kilometres, ... read more

Offshore driller Ensco has secured a series of new contracts and extensions according to its latest fleet status report. The company’s semi-submerisible drilling rig Ensco 8503 was awarded a 100-day contract with Talos Energy in the US Gulf of Mexico, which is expected to commence in Novermber. Drillship Ensco DS-12’s ... read more

Cyprus based semi-submersible accommodation operator Prosafe has announced that Equinor has exercised the first of six one-month options extending the charter of . The Safe Boreas is operating at Mariner in the UK North Sea, having commenced a 13-month contract in August 2017. The total value of the extension, which ... read more

Germany’s FuelSave is looking to offer what it believes is a game-changing solution to the fuel consumption and emission puzzle facing the maritime industry. The company recently introduced FS MARINE+, an engine efficiency enhancement system, which uses an onboard hydrogen synthgas generator to inject a gas and liquid water/methanol solution ... read more

Norwegian offshore service provider Subsea 7 has been awarded a major offshore transporation and installation contract. The total value of the contract is between $50m and $150m and work is scheduled for 2020. Further details were not revealed due to contractual obligations. ... read more

Following yesterday’s report on Splash that Vitol and Peabody are supporting a project to turn coal waste into bunker fuel, there’s news from the Netherlands today of another innovative project designed to turn plastic waste into low sulphur diesel for ships. Dutch company Bin2Barrel is building a plant at the ... read more

ZIM, the Israeli boxline that has thus far avoided container alliances, has teamed up with 2M founding partners Maersk and MSC on voyages from Asia to the US East Coast. At present, MSC and Maersk Line operate five loops on the Asia-USEC trade, while ZIM operates two loops on the ... read more

China’s independent refiner Baota Petrochemical Group is making its debut into the tanker market, announcing plans to form a tanker fleet by bareboat chartering up to 60 tankers. Baota plans to bareboat charter the 60 product tankers from a number of international tanker owners including Maersk Tankers, Hafnia Tankers, Scorpio ... read more

Solid freight rates seen in the dry bulk sector kept secondhand sales ticking over at a decent click this week. However, there has been a noticeable pull back from big investment decisions as owners take in multiple factors about the outlook for ship prices. This wait-and-see approach, combined with the ... read more

Zhoushan Intemediate People’s Court has officially ruled to liquidate Zhejiang Ouhua Shipbuilding after the shipyard applied for bankruptcy protection at the court in May. The court has asked creditors of the yard to report debt to the bankruptcy managers of yard before August 11. The first creditor meeting is scheduled ... read more

Fast growing German feeder boxship operator MPC Container Ships has announced the acquisition of a 2012-built 1,740 teu geared containership. The ship, to be named AS Selina is expected to join the MPC fleet in the third quarter of 2018. The price for the vessel is $13.86m. The latest acquisiton ... read more

New York headquartered dry bulk owner Genco Shipping & Trading is acquiring two 2016 South Korean-built capesize bulkers for a total of $98m. The move comes on the back of last month’s acquisition from Zodiac Maritime of two capesizes and two ultramaxes for $141m. All six vessels are scheduled for delivery ... read more

Naples-based Grimaldi Group is offering a premium to Jinling Shipyard if the Chinese builder can accelerate the construction of the 12 new hybrid ro-ro vessels ordered earlier this year. “We have just made an offer to the shipyard: $10k for every day saved from the delivery date reported in the ... read more

Qingdao-based China Master Logistics has placed an order at CSIC-affiliated Wuchang Shipbuilding for the construction of two 700 teu feeder containerships. The two vessels, which are expected to be delivered next year, will be deployed on domestic coastal routes from Qingdao to Tianjin, Dalian, Shanghai and Ningbo. According to Gao ... read more