SRTS News

A public-private partnership that has been approved by the Sri Lanka government to carry out crew changes through an offshore crew transit hub (OCTH) positioned off the Port of Galle. Sri Lanka is one of the few countries that has already appointed a ‘National Focal Point on Crew Changes and ... read more

Two people have died and seven others remain missing after a bulk carrier with 13 crew onboard sank yesterday off east China’s Zhejiang Province. The ship’s cargo hold was flooded due to strong waves about two nautical miles north of Cezi island in the Zhoushan archipelago. The ship was loaded ... read more

Nasdaq-listed Greek owner Castor Maritime has announced that it has entered into a binding commitment letter with a European financial institution to obtain financing of $15m for two bulk carriers. The company expects the credit facility to close in January 2021. In the meantime, the company received notification letter from ... read more

Dubai-based offshore survey firm Polarcus has received a letter of award for providing 3D seismic data acquisition services in Asia Pacific. The project has an expected duration of 2.5 months and is scheduled to commence in the first quarter of 2021. Polarcus has a fleet of seven seismic vessels. ... read more

State-owned China Three Gorges Corporation has issued a tender, seeking contractors for the construction of two vessels for offshore wind farm development. The company is looking to build one self-elevating wind farm installation vessel and a crane vessel within an 18-month period. Shipyards have a deadline of January 19 to ... read more

US-listed Genco Shipping & Trading is offloading seven handysizes, according to VesselsValue’s sales register. UK-based Tufton Oceanic is linked to six of the seven ships, according to Allied Shipbroking. The nine- and ten-year-old 34,400 dwt vessels Baltic Fox, Baltic Cove, Genco Ocean, Genco Avra and Genco Spirit, are noted swapped ... read more

US shipowner Eagle Bulk Shipping has announced the acquisition of two modern scrubber-fitted ultramax bulk carriers, following the company’s recently-announced acquisition of a similar specification vessel. Eagle Bulk has bought the 2015-built Helsinki Eagle for $16.5m and the 2016-built Stockholm Eagle for $17.65m. The company recently also acquired another 2015-built ... read more

Singapore-based liftboat operator Ezion Holdings has entered into a memorandum of agreement with Virgo Shipping for the sale of its 2015-built liftboat . The liftboat has fetched a price of $22m in the deal. Ezion said the disposal will allow the company to stop incurring further operating costs and lower ... read more

Chinese shipbuilder Yangzijiang Shipbuilding has announced that it has secured a contract to build two 24,000 teu containerships. The order was announced when Chinese leasing house Bank of Communications Financial Leasing also ordered four 24,000 teu ships at Jiangnan Shipyard and Hudong Zhonghua Shipbuilding this week. All the six vessels are believed ... read more

The Japanese government has announced a decision to terminate an offshore wind power project off Fukushima by removing the two remaining wind power turbines already installed. The decision came despite the country setting a target to up its offshore wind power generation to around 45 gigawatts in 2040 from the ... read more

Norwegian OSV operator Rem Offshore has been awarded a contract extension for its 2008-built CSV , securing more working days for the vessel in 2021. The contract extension comes shortly after the vessel was awarded a new contract last week. “The award of this contract in a challenging market demonstrates ... read more

Norwegian owner Ocean Yield has announced the sale of its 2018-built 39,800 dwt handy bulker . The vessel has been employed on a long-term charter to Louis Dreyfus Armateurs, who declared an option to sell the vessel to an unnamed third party. Ocean Yield will receive proceeds of $16.2m and ... read more

In June this year Vasilis Demetriades was appointed Cyprus’s deputy shipping minister. He’s been busy ever since developing the island’s maritime credentials.  “It is an absolute must for a maritime nation like Cyprus to have a clear orientation for the future development of the shipping sector in order to ensure ... read more

Chinese leasing house Bank of Communications Financial Leasing (Bocomm Leasing) has entered into shipbuilding contracts with CSSC-affiliated China Shipbuilding Trading, Jiangnan Shipyard and Hudong Zhonghua Shipbuilding for the construction of four 24,000 teu mega boxships. Under the contracts, Jiangnan Shipyard and Hudong Zhonghua will each built two vessels. Delivery of the vessels ... read more

Chinese owner Seacon Shipping has placed an order at CSSC-affiliated Huangpu Wenchong Shipbuilding for the construction of two 85,000 dwt kamsarmax bulk carriers. The order is an option exercised by the company as part of a 4+4 newbuilding contract Seacon signed with the shipyard last year. The delivery of the first ... read more

Denmark-headquartered green energy giant Ørsted has signed agreements with a consortium comprising institutional investor Caisse de dépôt et placement du Québec (CDPQ) and Taiwanese private equity fund Cathay PE to sell a 50% ownership share of its Greater Changhua 1 Offshore Wind Farm. Ørsted is currently constructing the Greater Changhua ... read more

Norway’s Awilco Drilling has announced that it has notified Keppel FELS that it has exercised its contractual termination right under a newbuilding contract for the construction of semi-submersible drilling rig Nordic Spring. The company claimed that the termination is a result of breaches under the shipbuilding contract, and that it ... read more

Global Wind Service has been awarded a contract by Siemens Gamesa Renewable Energy for the pre-assembly, transport, and offshore installation for all 89 turbines comprising Wind Farm Fryslân in the Netherlands. Pre-assembly works are scheduled to commence in January 2021 and installation works will follow soon after. “We are very ... read more

Norwegian offshore vessel operator Siem Offshore has announced that it has made good progress in its restructuring discussions with both secured lenders in Europe and leading bondholders. The restructuring plan involves conversion of debt to equity and a reduction of future scheduled interest and amortisation payments.  The company expects the ... read more

China’s anti-trust authority has given the greenlight to the merger between two major South Korean shipbuilders Hyundai Heavy Industries Holdings (HHI) and Daewoo Shipbuilding and Marine Engineering (DSME). China’s State Administration for Market Regulation has reached a consensus that the potential merger will not hurt fair market competition and issued unconditional ... read more