• Flex LNG secures contract extension
    John Fredriksen’s Flex LNG has secured an extension of the time-charter agreement for 173,400 cu m LNG carrier Flex Enterprise. The firm period under the time charter has been extended to the first quarter 2021, and the charterer also has further extension options. “We are happy to announce another time ... read more
    splash247.com NewsPublished on 15.01.2020By Jason Jiang
  • Optimisation to drive technology advancement in 2020
    Expect a year of mini-breakthroughs rather than wholesale change when it comes to the maritime tech outlook for 2020. The fragmented nature of the tech providers and the naturally conservative, cost-conscious shipowning set will put the brakes on any huge technology changes, according to a Splash survey carried out today ... read more
    splash247.com NewsPublished on 15.01.2020By Grant Rowles
  • Global liner fleet set to surpass 24m teu this year
    Two of the world’s most respected container shipping consultants – Alphaliner and Sea-Intelligence – have made their 2020 fleet growth predictions, with the global liner fleet on course to pass the 24m teu mark this year. Alphaliner is predicting the global containership fleet will grow from 23.23m teu at the ... read more
    splash247.com NewsPublished on 15.01.2020By Sam Chambers
  • Citing climate change, Panama Canal institutes $10,000 fresh water surcharge
    Acknowledging the climate crisis, the Panama Canal Authority is adding a $10,000 fresh water surcharge for all transits of vessels that are longer than 38.1 m, effective February 15. In addition, a variable fee ranging from a minimum of 1% to a maximum of 10% of the vessel’s toll will ... read more
    splash247.com NewsPublished on 15.01.2020By Sam Chambers
  • Adnavem gives shippers the greenest choice of moving goods around the world
    Scandinavian online container booking platform Adnavem has a new feature on its site whereby shippers can now identify the greenest route for their cargoes. By using different data sources and unique algorithms, Adnavem offers functionality that identifies the greenest routes, with the least environmental impact, enabling the transport buyer to ... read more
    splash247.com NewsPublished on 15.01.2020By Sam Chambers
  • DP World’s Djibouti battle continues at court in London
    DP World has won another legal hearing against the government of Djibouti over the Doraleh Container Terminal, having been kicked out of the country two years ago. A tribunal of the London Court of International Arbitration has ordered Djibouti to restore the rights and benefits under the 2006 concession agreement ... read more
    splash247.com NewsPublished on 15.01.2020By Sam Chambers
  • Which carrier is furthest down the line towards digitalisation?
    IMO 2020 costs, carrier digitalisation and workforce diversity are some of the topics covered in MarPoll, our latest online quarterly survey. Voting is underway in shipping’s most popular topical poll with a range of questions designed to draw comment and debate. Among the more left field questions posed, we ask ... read more
    splash247.com NewsPublished on 15.01.2020By Splash 24/7
  • Central Mare orders suezmax pair at Hyundai
    Evangelos Pistiolis, via Central Mare, has placed an order with Hyundai Heavy Industries for the construction of two 158,000 dwt suezmax tankers. According to Allied Shipbroking, the two scrubber-fitted tankers are scheduled for delivery in 2021. The contract value was not disclosed. Central Mare currently owns a fleet of two ... read more
    splash247.com NewsPublished on 15.01.2020By Jason Jiang
  • Odfjell tanker collides with fishing vessel, two missing
    The 37,400 dwt chemical tanker collided with fishing vessel Pappy’s Pride off Galveston, Texas on Tuesday. According to the US Coast Guard, the fishing vessel capsized after the collision. Two of the four crew from the fishing vessel were pulled from water by the crew of a good Samaritan vessel ... read more
    splash247.com NewsPublished on 15.01.2020By Jason Jiang
  • Maersk Drilling awarded world record breaking contract by Total
    Maersk Drilling has received a conditional letter of award by Total for a three-well exploration drilling project utilising 2015-built drillship . The drillship will be employed offshore Angola and Namibia for a campaign, which includes the deepest water depth ever drilled offshore. The project includes two wells offshore Angola and ... read more
    splash247.com NewsPublished on 15.01.2020By Grant Rowles
  • Petrochemical terminal explosion rocks Zhuhai Port
    A petrochemical terminal at Zhuhai Port in southern China suffered a major explosion and caused a massive fire today. The accident occurred at Changlian Petrochemical’s base in the Gaolan port area of Zhuhai Port, just across the border from Macau at the mouth of the Pearl River. The workers at ... read more
    splash247.com NewsPublished on 14.01.2020By Jason Jiang
  • South Korea readies 0.1% ECA
    South Korea is taking steps to green its coastline with the introduction of voluntary speed limits and an impending emission control area (ECA). The first part of the Special Act on Air Quality Improvement in Port and Other Areas is a voluntary vessel speed reduction program, which took effect last ... read more
    splash247.com NewsPublished on 14.01.2020By Sam Chambers
  • $1.14bn of venture funding invested in maritime last year
    Over $1bn was invested in technology companies working in the maritime sector in 2019 according to a new report published today by UK consultancy Thetius. 2019 was a record year for venture capital investment in maritime, the report states. However, the headline figure is distorted by the massive $1bn investment ... read more
    splash247.com NewsPublished on 14.01.2020By Sam Chambers
  • New Mexican LPG shipowner emerges
    Brokers report Mexican LPG specialists Empresas Nieto has taken the plunge and decided to become a shipowner. Via a trading arm subsidiary, the conglomerate has ordered a brace of 38,000 cu m LPG carriers at Hyundai Mipo Dockyard in South Korea. The ships will deliver in June and September next ... read more
    splash247.com NewsPublished on 14.01.2020By Sam Chambers
  • VLCC prices leap 12% since August
    The VLCC market remains boiling hot, with four ships sold this year, while more sales are expected to be closed this week. Cash rich owners are ready to take advantage of solid, six-figure VLCC rates, which have been in play on and off since September. Splash has taken a quick ... read more
    splash247.com NewsPublished on 14.01.2020By Hans Thaulow
  • BIMCO appoints David Loosley as new CEO
    BIMCO has appointed David Loosley as its new secretary general and CEO, replacing the retiring Angus Frew, with effect from June 2020. Loosley joins from the Institute of Marine Engineering Science & Technology (IMarEST), which he has led for eight years, and prior to IMarEST was with the United Kingdom ... read more
    splash247.com NewsPublished on 14.01.2020By Grant Rowles
  • Höegh LNG secures $80m financing
    Höegh LNG Holdings has secured commitment letters for a revolving credit facility of up to $80m, using the company’s common units in Höegh LNG Partners as security. The facility, which has a tenor of two years, is provided by three of the company’s relationship banks and will be used to ... read more
    splash247.com NewsPublished on 14.01.2020By Jason Jiang
  • China Merchants takes over Dandong Port in controversial court ruling
    China Merchants Group’s Liaoning Port Group has taken over bankrupt Dandong Port as a local court forced the approval of a restructuring plan proposed by the government-led administrators. Dandong Port entered into court-led restructuring process in April last year due to a major debt crisis with liabilities amounting to RMB66.7bn ... read more
    splash247.com NewsPublished on 14.01.2020By Jason Jiang
  • Shelf Drilling clinches contract for newly acquired jackup rig
    UAE-based jackup rig operator Shelf Drilling has secured a contract for its recently acquired jackup rig Shelf Drilling Enterprise with Chevron Thailand for operations in the Gulf of Thailand. The contract is expected to commence in August and run through April 2022, with an option to extend. The contract value ... read more
    splash247.com NewsPublished on 14.01.2020By Jason Jiang
  • Equinor and Ørsted launch coalition to accelerate offshore wind capacity
    The Ocean Renewable Energy Action Coalition has been launched to advance the development of ocean-based renewable energy such as offshore wind, floating solar, tidal and wave power. Led by Ørsted and Equinor, the coalition includes CWind, Global Marine Group, JERA, MHI Vestas, Mainstream Renewable Power, Shell, Siemens Gamesa, TenneT and ... read more
    splash247.com NewsPublished on 14.01.2020By Grant Rowles
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