SRTS News

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Fincantieri has committed to investing in the construction of the largest shipyard in Latin America as part of the expansion of Progreso port in Yucatán, Mexico, according to an official state announcement. The Italian shipbuilding giant and Yucatán governor, Mauricio Vila (pictured right), confirmed that Fincantieri will initially invest $220m ... read more

With just over two weeks to go until COP26, a major international climate summit, the secretary-general of the United Nations, António Guterres, has taken aim at shipping and aviation for their slowness down the path towards decarbonisation. Speaking at the Global Sustainable Transport conference on Thursday, Guterres said: “Let’s be ... read more

Shipping, facing the rare prospect of solid returns for 2022, will see its bottom line take a hit as insurers come in demanding far higher rates. The shipping industry has been spooked by twin announcements this week from two British P&I Clubs, giving a strong hint that insurance costs are ... read more

The Swire Group has taken the decision to rebrand the oldest part of the famous trading house’s business. Announced today, China Navigation (CNCo), one of the most venerable names in Asian shipping, is no longer. Henceforth it will be called Swire Shipping, consigning a 149-year brand to a group holding ... read more

Maersk has signed a global end-to-end logistics agreement with pork producer Danish Crown. The three-year end-to-end agreement covers all Danish Crown’s business units, delivering solutions on ocean services, inland logistics and cold chain logistics. Danish Crown is one of the world’s largest exporters and the number one supplier of pork ... read more

With a head office in Germany and a network of owned manning offices in Ukraine, Russia, and the Baltic countries, Danica supplies more than 1,500 officers to shipowners. Henrik Jensen, owner of Hamburg-based Danica Maritime Services and managing director of Danica Crewing Services, one of the largest independent crewing agencies ... read more

Nordic Shipholding chairman Knud Pontoppidan has stepped down as the Danish owner moves into the new phase of winding down its business. Jens Mathiasen, an independent director, also retired from the board. The Copenhagen-listed firm has appointed Esben Poulsson, an independent director of the company, as the new chairman. Jon ... read more

TotalEnergies has exercised an option for the 2014-built seventh-generation drillship to drill the ultra-deepwater exploration well in Angola. The Ondjaba-1 well in Angola’s Block 48 will be drilled to a new world record at a water depth of 3,628 m. The extension is for 54 days, keeping the rig contracted ... read more

Mayflower Wind, a 50/50 joint venture between Shell New Energies US LLC and Ocean Winds that is developing an offshore wind lease area off the US Northeast coast, has signed an agreement with Gladding-Hearn Shipbuilding/Duclos Corporation of Somerset, Massachusetts for the specification, design and manufacture of a Jones Act-compliant, hybrid ... read more

Brazilian driller Constellation is set to close two new contracts to charter the Gold Star and Lone Star semisub rigs to Petrobras. The charter should be approved this month, following the appeal deadline, and the signing of contracts should take place in November. Constellation’s two units currently operate for Petrobras ... read more

Subsea 7 has confirmed the award of a major contract worth over $750m by Turkish Petroleum for the Sakarya field development offshore Turkey in the Black Sea. The Oslo-listed player announced the deal in September without disclosing the project or client. The contract is awarded to Subsea 7 and Schlumberger, ... read more

TotalEnergies, a global multi-energy company, and Simply Blue Group, a pioneer in floating offshore wind, have launched a joint venture, TotalEnergies SBE US, to develop floating offshore wind projects in the United States. The JV will combine TotalEnergies’ expertise in large-scale offshore projects with Simply Blue Group’s floating know-how to ... read more

Brazil’s Log-In Logistica Intermodal has placed an order at China’s Zhoushan Changhong International Shipyard for the construction of two 3,158 teu containerships. Log-In said it is paying $85.2m for the pair, set to deliver in December 2023 and May 2024, respectively. The 199.98 m long newbuildings will have approximately 25% ... read more

Japanese shipping line Iino Kaiun Kaisha has sealed a time charter deal with compatriot trading house Mitsui & Co for a newbuild 23,000 cu m ammonia carrier. The vessel will be built by the South Korean shipbuilder, Hyundai Mipo Dockyard, and delivered in December 2023. According to a joint statement, ... read more

Aberdeen-based Stena Drilling has acquired a minority stake in and formed a three-year technology partnership with Cambridge-based blockchain start-up SmartChainServices (SCS). The announcement follows a six-month proof of value project, where Stena Drilling applied blockchain and smart contract technology, to reduce and eventually eliminate complex transactions related to International Association ... read more

Belships’ fleet expansion continues with the acquisition of an ultramax newbuilding resale currently under construction in Japan. The 64,000 dwt bulker will deliver in January 2023 and take Belships’ fleet to 30 ships. The Norwegian owner has not revealed any further details, except that it plans to finance the vessel ... read more

Hamburger Hafen und Logistik (HHLA) and vehicle maker MAN Truck & Bus have set an important milestone for the use of autonomous trucks in port terminals with the completion of the Hamburg TruckPilot project. The three-year project, which was part of the strategic mobility partnership between the City of Hamburg ... read more

Norwegian shipping tycoon John Fredriksen, hailed today as shipping’s Warren Buffet, continues to increase his ownership interest in rival tanker company Euronav, coming out today as the largest shareholder in the bluechip shipping stock. The swift extra investment comes just days after Splash reported on the 77-year-old becoming the second ... read more

The International Renewable Energy Agency (IRENA) has issued a 115-page report in which it makes a strong case for the rapid development of green hydrogen infrastructure, suggesting renewable fuels based on the substance and advanced biofuels could cut up to 80% of CO2 emissions attributed to shipping by 2050. Renewable ... read more