• Qatar Petroleum initiates order for up to 100 LNG carriers
    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
    splash247.com NewsPublished on 23.04.2019By Jason Jiang
  • Wallenius and Swedish Orient Line create new shipping company
    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
    splash247.com NewsPublished on 23.04.2019By Sam Chambers
  • Trump’s decision to nix Iranian oil waivers weighs heavily on tankers
    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
    splash247.com NewsPublished on 23.04.2019By Jason Jiang
  • Why doesn’t Asia influence world shipping 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
    splash247.com NewsPublished on 23.04.2019By Splash 24/7
  • Dubai Navigation Corp: Eight ships in first two years
    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
    splash247.com NewsPublished on 23.04.2019By Splash 24/7
  • Khor Al Zubair Shipping acquires suezmax from Maran Tankers
    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
    splash247.com NewsPublished on 23.04.2019By Jason Jiang
  • BW Offshore secures FPSO contract extension from Petrobras
    BW Offshore has entered into an agreement with Petrobras for a one-year extension for the lease and operation of FPSO . The FPSO has been working with Petrobras since 2009, and the latest contract will extend the firm working period to the second quarter of 2020. Last month, BW Offshore ... read more
    splash247.com NewsPublished on 23.04.2019By Jason Jiang
  • Petronas takes four Velesto jackups on one-year contracts
    Malaysia’s Velesto Energy subsidiary Velesto Drilling has been awarded contracts by Petronas for four of its jackup rigs. The charters are for one year, with one-year extension options, and are worth a total of around $105m. Naga 2, Naga 3, and Naga 5 have a commencement date in and around ... read more
    splash247.com NewsPublished on 23.04.2019By Grant Rowles
  • Gulf Drilling International awarded jackup contract at Al Shaheen
    Gulf International Services subsidiary Gulf Drilling International has been awarded a three-year drilling contract with North Oil Company for 2014-built jackup rig . The rig, which recently came off a five-year contract with Qatar Petroleum, will be used at North Oil Company’s development at the Al Shaheen oil field. William ... read more
    splash247.com NewsPublished on 22.04.2019By Grant Rowles
  • 750 days after dramatic sinking, report finally published into Stellar Daisy’s hull failure
    It’s taken fully 750 days but finally over the Easter weekend the Marshall Islands flag issued its report into the sinking of the Stellar Daisy very large ore carrier, citing a catastrophic structural failure of the ship’s hull for the deadly disaster that killed 22 seafarers. The keenly awaited report ... read more
    splash247.com NewsPublished on 22.04.2019By Sam Chambers
  • MOL deploys augmented reality technology on tanker bridges
    The bridges of many of Japan’s Mitsui OSK Lines’ (MOL) tankers are set to get the fighter jet treatment with augmented reality (AR) technology deployed. The futuristic navigation system has been developed with compatriot Furuno and is now being installed on 21 VLCCs, after a successful pilot last year on ... read more
    splash247.com NewsPublished on 22.04.2019By Sam Chambers
  • Hyundai LNG Shipping expands into LPG market with VLGC order
    Hyundai LNG Shipping, a joint venture between Korean private equity firm IMM and shiponwer HMM, has placed an order at Hyundai Heavy Industries for the construction of one 84,600 cu m very large gas carrier (VLGC). The vessel is the company’s first ever LPG carrier, and it has been fixed ... read more
    splash247.com NewsPublished on 22.04.2019By Jason Jiang
  • Cosco confirms order of ten newcastlemaxes
    China Cosco Shipping has officially signed shipbuilding contracts for the construction of up to ten 210,000 dwt newcastlemax bulkers at Cosco Shipping Heavy Industry. The order, which is made up of eight firm vessels and two optional vessels, is Cosco’s first batch of newcastlemax newbuildings under a bauxite transportation deal ... read more
    splash247.com NewsPublished on 22.04.2019By Jason Jiang
  • Tag Offshore abandons its only tanker with 17 crew onboard
    Indian offshore service provider Tag Offshore is believed to have abandoned its 1991-built MR tanker along with its 17 crew. According to Indian local media, the ship has been anchored off Jawaharlal Nehru Port for more than 40 days. Tag Offshore is accused of not paying fuel bills to suppliers ... read more
    splash247.com NewsPublished on 22.04.2019By Jason Jiang
  • Last Golden Fortune Ship Management vessel to be sold by court
    Qingdao Maritime Court will hold an auction for the 2011-built MPP vessel via online platform Taobao on May 9. The 12,500 dwt vessel has been detained by the court due to the owner’s debt dispute with creditors. The starting price for the vessel in the auction is RMB33.098m ($4.93m), while ... read more
    splash247.com NewsPublished on 22.04.2019By Jason Jiang
  • Noble drillship awarded one-year contract by Esso
    Noble Corporation has been awarded a one-year contract by Esso for 2013-built drillship , according to the company’s latest fleet status report. The contract, at an undisclosed rate, will see the drillship used in Guyana from October 2019 through to October 2020. In the meantime, Noble Don Taylor has also been ... read more
    splash247.com NewsPublished on 22.04.2019By Grant Rowles
  • Samsung Heavy wins $963m FPSO contract
    South Korea’s Samsung Heavy Industries is celebrating winning a huge FPSO contract worth $963m. The yard revealed in a release it had won the order from an unspecified Asian company with the FPSO set to deliver in March 2022. Samsung Heavy has now won orders worth $2.3bn this year, including ... read more
    splash247.com NewsPublished on 21.04.2019By Sam Chambers
  • Atlantica tender rig extended by Petrobras
    Houston-headquartered Atlantica Tender Drilling has had an option exercised by Petrobras for 2013-built tender drilling rig . Petrobras has extended the rig by 180 days, bring the current contract from September 2019 through to March 2020. Founded in 2007, Atlantica has two semi-tender units in its fleet. Last month, it ... read more
    splash247.com NewsPublished on 21.04.2019By Grant Rowles
  • Seadrill semi-submersible terminated early by BP
    Seadrill’s limited liability company Seadrill Partners has received an early termination notice from BP for 2011-built semi-submersible rig . The rig has been on contract to BP in the Gulf of Mexico, and the termination is three months ahead of the scheduled end of the contract. West Capircorn was contracted ... read more
    splash247.com NewsPublished on 21.04.2019By Grant Rowles
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