SRTS News

AP Moller-Maersk has shelved plans to sell off its drilling division, favouring instead to spin it off, as it pursues its strategy of focusing on transport and logistics and jettisoning its energy holdings. Maersk Drilling will list on the Nasdaq Copenhagen in 2019, and debt financing of $1.5bn has been secured to ... read more

Emas Offshore, part of Singapore’s Ezra Holdings, has once again been told it will be delisted from the Oslo Stock Exchange after The Financial Supervisory Authority of Norway resolved to impose the exchange to delist the struggling company. In April, Emas Offshore successfully appealed a decision by Oslo Børs to ... read more

Celsius Tankers, a unit of Danish owner Celsius Shipping, has placed an order at South Korean yard Samsung Heavy Industries for the construction of two LNG carriers. According to Samsung Heavy, the two vessels are expected to be delivered before the end of 2020. The total value of the contract ... read more

Klaus Lysdal from iContainers gives readers some tips on how to survive this year’s peak season on the transpacific. The shipping peak season is once again upon us. Every year from August to October, shippers face fights for capacity amid high demand and peak shipping surcharges. This season, however, will ... read more

The driving force behind the outfit that brought down Hong Kong commodities giant Noble Group has been revealed finally. Arnaud Vagner, formerly a senior credit analyst at Noble, has given an interview with Bloomberg in which he has admitted he is behind Iceberg Research, the firm that has targeted Noble ... read more

South Korea’s Ministry of Oceans and Fisheries has made plans to financially support the merger between two domestic containership operators Sinokor Merchant Marine and Heung-A Shipping. The two companies entered into agreement in March to merge their container shipping services by next year. The ministry revealed at a press conference ... read more

Aegean Marine Petroleum Network has completed a transformative refinancing deal with Mercuria Energy Group, which sees Mercuria become the sole lender under the company’s U.S. and global revolving credit facilities. Mercuria and Aegean have executed a letter agreement detailing $30m of incremental liquidity Mercuria is providing to Aegean by way ... read more

Rolls-Royce is entering the ship battery business, launching a marine lithium-ion based energy storage system. Rolls-Royce has been delivering energy storage systems since 2010, however the actual energy storage units were previously supplied by an external party. Rolls-Royce has now debuted SAVe Energy, a liquid cooled battery system with a ... read more

Carlyle Group-backed Interlink Maritime has emerged as the buyer of a handsize, a deal done under the radar some months back, adding the eight-year-old Glory Mercy, renamed , for just over $9m. This is the first secondhand purchase done by the shy handysize specialist, who by comparison has a newbuilding ... read more

No vessel operator is likely to achieve 100% cyber security but understanding real-world bridge operations can help generate practical solutions, writes Nick Hollaway from Northrop Grumman Sperry Marine. Shipping writes a new chapter of its cybersecurity story with every successful hack, co-ordinated attack or accidental infection. But at least for ... read more

Danish shipping and logistics company DFDS has exercised an option at China’s Jinling Shipyard for the construction of one additional roro ferry, as part of the company’s fleet renewal program. The latest order adds to another five roro ferries ordered by DFDS at the yard. The new ferries will be ... read more

Chinese bulker owner Zhejiang Fuxing Shipping has sold 1985-built handymax bulker via an auction on Zhejiang Shipping Exchange. The 26,700 dwt vessel was sold for a price of RMB15.4m ($2.23m), slightly less then the fair market value of according to MSI. Fuxing Shipping has been undergoing a fleet optimisation program. ... read more

In an update Shipping Corporation of India (SCI) has confirmed two seafarers have died following Tuesday morning’s explosion onboard the VLCC off Oman. Another crewmember is being treated for burns at a hospital in Muscat. The ship will soon make for a nearby port where it will be assessed for ... read more

Murmansk Shipping Company is on the ropes with a bankruptcy petition filed this week against this once powerful name in Arctic shipping. Gazpromneft Marine Bunker has a demand of RB8.3m ($140,000) against the line. Murmansk Shipping Company, can trace its roots back to 1939. It was privatised after the collapse ... read more

Dutch offshore transport company Boskalis has decided to exit the loss making low end transport market and take some of its vessels out of service, the company said in its first half financial report. Boskalis’s operating results in the first half of this year decreased to EUR47m ($53.5m) compared to ... read more

Dr Lynn Simpson reports on the pullback from live animal exports seen across the world in recent months. Too many animals have died at sea during ‘live’ export; no sane person could dispute that. Now the global trade is on a terminal trajectory. We live in a more enlightened time. ... read more

For many the beach towels have been folded away, the suntan lotion popped back on shelf; the holidays are fast coming to an end and brokers are back in hunting mode, the problem being it is hard to come across real bargains at the moment. The other problem is that ... read more

Norwegian shipbuilder Vard has been chosen by Yara to build the Yara Birkeland, the world’s first autonomous and electric container vessel. First announced by Yara and Kongsberg last year, the boxship will be used to replace trucks for the shipping of products from Yara’s Porsgrunn fertiliser production plant to Brevik ... read more

Indonesia’s Jaya Samudra Karunia (JSK) is eyeing more FSRU orders to meet the growing demand for clean energy in Asia. The naming ceremony for the company’s second FSRU, Karunia Dewata, was held at PaxOcean’s Zhoushan yard yesterday with the 26,000 cu m FSRU set for delivery later this year. Having ... read more

One of Norway’s most tech savvy owners, Torvald Klaveness, has released details of how it has concluded a class-approved ship survey with the surveyor sitting some 5,000 km away from the vessel. Klaveness Ship Management (KSM) set out to explore the road towards condition based maintenance back in April 2017 ... read more