SRTS News

The omicron strain of Covid-19, first identified in South Africa last week, is already causing havoc to crew change operations around the world. Travel restrictions have been rushed in at many key hubs over fears that the new variant is more contagious than earlier strains. Singapore, one of the most ... read more

The changing of the guard at the top of the liner rankings is underway. Alphaliner data shows there’s just 10,817 slots – essentially a single neopanamax purchase – separating Maersk and Mediterranean Shipping Co (MSC) at the top of the liner rankings with the Danish carrier in the process of ... read more

Japan’s shipping major, Nippon Yusen Kaisha (NYK), has joined compatriot players with orders at Kawasaki Heavy Industries (KHI) for an 86,700 cu m liquefied petroleum gas (LPG) and liquefied ammonia gas (NH3) carrier powered by LPG. The 230 m long vessel will be delivered from KHI’s Sakaide Works in 2024 ... read more

Belships continues to offload older tonnage and secure fixtures for its bulker fleet. The Norwegian owner has agreed to sell two of its oldest supramaxes, the 2009-built Belstar and the 2010-built Belnor, to undisclosed buyers. Delivery of the 58 000 dwt bulkers is expected between this month and January next ... read more

One of world’s best known maritime pitch competitions is streaming live from Hong Kong today via this site. Splash is the official media partner of the Captain’s Table – shipping’s version of Shark Tank or Dragon’s Den. Readers can watch the entire finals show live via the video link below. ... read more

On track to post an all time high profit of $17bn this year, Denmark’s largest shipping line will dish out a Christmas bonus to 80,000 employees around the world. A.P. Moller-Maersk will give its staff a $1,000 bonus this month as it closes in on a record $17bn profit, according ... read more

Danish owner and operator Norden has consolidated three business segments into two, one focused on investments and the other on asset-light freight services. Assets & Logistics, which will focus on investments, is made up of current activities in asset management, which handles the ownership and longer-term leasing of dry cargo ... read more

The go-to app for many in the tanker industry has had a refresh. Tankers International, which operates a VLCC pool, has launched its new improved VLCC fixtures app. First launched in 2014, the app contains comprehensive fixture data and has been downloaded by more than 25,000 individual users. Its popularity ... read more

The new ship queuing process at the ports of Los Angeles and Long Beach that went into effect on November 16 has been successful in creating a safer and more environmentally sound system, says Captain Kip Louttit, executive director of the Marine Exchange of Southern California. In an update on the ... read more

At the 17th ASOCODIS Colombian power distribution conference this week, Colombia’s energy minister Diego Mesa said the country is advancing its plans for offshore wind development, with draft regulations almost ready for public comment. “We hope to publish draft regulations for comment in the coming weeks and implement them next ... read more

Swedish companies Alfa Laval and Wallenius have taken the next step towards bringing the Oceanbird wind power solutions from concept to commercial reality by formalising their 50/50 joint venture, AlfaWall Oceanbird, with Niclas Dahl as its new managing director. AlfaWall Oceanbird initially plans to install wing sails on a transatlantic ... read more

Lundin has exercised one additional well to be added to Odfjell Drilling’s contract for the 2010-built semisub on the Norwegian Continental Shelf. The well is part of the deal agreed between the parties in March this year, which included three firm wells and an additional six optional wells. The well ... read more

Amazon has signed a new corporate power purchase agreement (CPPA) with Ørsted to offtake the output of 100 MW from Ørsted’s 900 MW Borkum Riffgrund 3 offshore wind farm in Germany. The deal is in addition to the 250 MW CPPA signed in December 2020, meaning that Amazon will offtake ... read more

German-based energy company RWE has won the concession to build Denmark’s largest offshore wind farm to date, with a planned capacity of around 1 GW. The tendering procedure for the wind farm called Thor was decided by a drawing of lots as several bidders offered to develop the project with ... read more

Malaysia’s Petronas has awarded two front end engineering design (FEED) contracts to a JGC Corporation-Samsung Heavy Industries consortium and to Saipem as part of an international dual FEED design competition for nearshore liquefied natural gas (LNG) project in Sabah.  The FEED design competition is expected to take place over the ... read more

Greek liquefied natural gas (LNG) shipping player GasLog has placed an order with South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) for four newbuild 174,000 cu m vessels. No price has been revealed for the quarter. Meanwhile, DSME announced on Wednesday that it had received orders from undisclosed North ... read more

Israeli predictive maritime intelligence firm Windward has lined up a £34.5m ($46m) initial public offering on the London Stock Exchange’s AIM market this month, a move seen as the first amongst maritime tech players. “If I am not mistaken, this will be the first ever pure-play maritime tech company to ... read more

BW Ideol has struck a deal to acquire a 5% ownership interest in the 30 MW EolMed floating wind pilot project in the French Mediterranean.  BW Ideol and the project lead Qair have been cooperating on the floater since 2016 and the early development stages when the French government awarded ... read more

Maersk Supply Service (MSS) has won a decommissioning contract from Neptune Energy for the Juliet field in the UK Southern North Sea. According to Neptune, the project will see the deployment of innovative technology to reduce the time and costs associated with the removal of the subsea infrastructure. Specifically, piping ... read more

China has redrawn the map of global seaborne LNG trades this year, dismissing trade tiffs with America, to dramatically boost the overall tonne-mile scenario for LNG carriers, which have hit record spot earnings in excess of $300,000 per day over the past month. The United States is now China’s second ... read more