SRTS News

A subsidiary of Klaveness Combination Carriers(KCC) has signed a contract of affreightment (COA) with an unspecified Australian importer and distributer of clean petroleum products (CPP) for its new generation of combination carriers, the so called CLEANBUs. The COA covers multiple cargoes over a period of up to 12 months with ... read more

Spot rates for VLGCs have more than quadrupled since February making the large LPG shipping segment the hottest sector in shipping, according to analysis on the cover of the latest issue of Splash Extra. The monthly subscription title, priced for as little as $100 a year, features the thoughts of ... read more

Following on from the chief editor’s reflections from Singapore Maritime Week 2019 in which he railed about weak leadership among today’s c-suite of shipowners, today, Axel Knudsen, a talent optimisation consultant, and Andy Lane from CTI Consultancy explore these reflections further. We remember with great admiration, the sadly departed Jacques Saade, ... read more

Expect a sizeable chunk of the boxship fleet to head into repair yards in the coming months leading up to the global sulphur cap. According to Alphaliner’s survey of ships identified for scrubber retrofits, 16 ships ranging in size from 2,900 teu to 18,000 teu are believed to be undergoing ... read more

South Korean flagship carrier HMM is expanding its cooperation with Russia’s FESCO. HMM has been jointly operating a China-Korea-Russia weekly service, under the name of CRN (China Russia North Service) with FESCO and CMA CGM. With the expansion of cooperation, the current CRN will be reorganised and two new direct ... read more

Chinese dry bulk owner Jinhui Shipping and Transportation has acquired a pair of supramax bulkers from Greek owner Chartworld Shipping. Jinhui has paid a total of $12m for the two vessels, paying $5.75m for 2001-built Aigeorgis and $6.25m for 2002-built Aifanourios. MSI values the Aigeorgis at and Aifanourios at . ... read more

In a busy month for Anna Angelicoussis-controlled Pantheon Tankers Management, the Athens-based company has signed a letter of intent for its first ever Chinese-built newbuilds. The ships – two firm 115,000 dwt aframaxes plus two options – will be built at Shanghai Waigaoqiao Shipbuilding, costing $44.8m each with delivery set ... read more

Cosco Shipping Energy Transportation (CSET), the tanker unit of state-run China Cosco Shipping Corporation, has announced that Huang Xiaowen has resigned as the chairman and executive director of the company due to a change in work arrangement. The board of the company has voted Liu Hanbo, currently general manager of ... read more

Offshore construction support vessel Southern Ocean, owned by Bourbon and Oceanteam, has entered into a contract with Fugro to support a project off the coast of Australia. The vessel will undertake a program of IRM work for Fugro, and mobilisation will start mid May 2019 once its current charter with ... read more

Subsea giant TechnipFMC has been awarded an integrated engineering, procurement, construction and installation contract by ConocoPhillips for the TOR II development in the Norwegian sector of the North Sea. The contract includes the delivery and installation of a subsea production system including installation of umbilical, rigid flowlines and associated subsea ... read more

Dutch offshore accommodation vessel specialist OOS International and Chinese yard CIMC Raffles have been awarded a contract by Petrobras for 2018-built accommodation vessel . The contract will commence in the second half of 2019 and is for a period of five years. OOS Tiradentes is already in Brazil working for ... read more

New York-listed LNG shipowner GasLog has appointed Paolo Enoizi as COO designate of GasLog and GasLog Partners, replacing former LR boss Richard Sadler who is leaving the company. Enoizi takes up the role in August and will be based in Piraeus, and will work alongside Sadler for a transition period. ... read more

Offshore survey specialist Electromagnetic Geoservices (EMGS) has won a letter of award from a major national oil company for a multi-year acquisition contract in a tender process. The contract, which is on a call-off basis, has a minimum value of $29.3m and a maximum value of $73.3m, over a two-year ... read more

Jae-hoon Bae, the newly installed president and CEO at HMM, South Korea’s flagship carrier, has wasted little time hopping on a plane to Europe to discuss alliance matters with partners Maersk and Mediterranean Shipping Company (MSC). HMM’s vessel sharing agreement on the main east-west trades with Maersk and MSC comes ... read more

Qatar’s state-run energy group Qatar Petroleum has issued an invitation to tender for what will become the largest LNG carrier newbuilding program in history to support the expansion of its North Field Expansion (NFE) Project. As well as covering the NFE project, which will significantly increase the company’s  LNG production capacity, ... read more

Scandinavia has a new shipowner. Wallenius SOL has started operations this month out of Gothenburg as a joint venture between two local owners, Wallenius and Swedish Orient Line (SOL). The new company will transport forestry products and other goods in a network covering the Gulf of Bothnia, the Baltic Sea ... read more

The Trump administration yesterday announced that it will not renew exemptions granted last year to buyers of Iranian oil, including China, India, Japan, South Korea and Turkey, to strengthen its economic sanctions against Iran, in a move that could have severe repercussions for the tanker industry. The US has demanded ... read more

Regular Splash contributor Santosh Patil questions why the world’s most important region for shipping is so quiet on the international stage when it comes to the key issues hitting the industry. How much does Asia influence world shipping? By Asia I mean the whole of Asia including the Middle East ... read more

Two-year-old Dubai Navigation Corp (DNC) has just taken on a trio of ships from Viken Shipping, marking a strategic move into the tanker sector. The shipowner moved beyond its dry bulk and feeder boxship origins, pouncing for an en bloc deal for three 13-year-old LR2 tankers. Top management is now ... read more

Khor Al Zubair Shipping, the shipping unit of UAE-based oil and gas trading firm KASCO Group, has acquired the 1998-built suexmax tanker from Greek owner Maran Tankers. According to shipbroking sources, Khor Al Zubair bought the 159,700 dwt South Korean-built vessel for a price of $11.5m and will use the ... read more