• Japan mulls changing its constitution in order to protect oil supplies through Hormuz
    Japanese politicians spent Sunday debating whether the country’s Self-Defense Forces (SDF) troops should take part in a US-proposed coalition to safeguard strategic waters near the Strait of Hormuz, something that might require amending the nation’s constitution. The US is pushing for an international naval coalition to protect ships in the ... read more
    splash247.com NewsPublished on 15.07.2019By Sam Chambers
  • BHP makes huge LNG newcastlemax play
    After almost two years of preparation, BHP’s Green Corridor joint industry project has taken off with the mining giant issuing a tender for 10+2+2 dual fuelled LNG newcastlemaxes with selected owners. The project is for transportation of iron ore and coal on the Australia-China route. BHP’s aim is to get ... read more
    splash247.com NewsPublished on 15.07.2019By Sam Chambers
  • Danish fleet surpasses America’s into fifth spot
    Danish shipping is celebrating another landmark as the Scandinavian nation’s fleet climbs the ranks. Latest statistics show Denmark has climbed to fifth spot, overhauling the United States, in the global tonnage league. The news comes just 18 months after Denmark climbed above Germany into sixth spot.  Commenting on the news ... read more
    splash247.com NewsPublished on 15.07.2019By Sam Chambers
  • Japanese VLCC contract win highlights India’s weak tanker fleet
    India’s limited VLCC fleet has been exposed with the latest chartering news from Indian Oil Corporation (IOC). IOC selected Japan’s Nissen Kaiun for a lucrative seven-year VLCC charter, after Indian owners were given first right of refusal to match the rate but failed to do so. IOC will pay Nissen ... read more
    splash247.com NewsPublished on 15.07.2019By Sam Chambers
  • Iranian VLCC at centre of diplomatic storm with the UK set to depart Gibraltar
    Both the crew and the Iranian VLCC arrested in Gibraltar earlier this month are set to depart the British territory on the guarantee that the ship does not head to sanctions-bound Syria. Iran had called the seizure of the an “act of piracy” and vowed to retaliate against British shipping ... read more
    splash247.com NewsPublished on 15.07.2019By Sam Chambers
  • Piraeus Bank to forge Asian ship finance partnership
    Piraeus Bank, Greece’s largest lender by assets, is close to forming a strategic partnership with an unspecified major Asian Pacific financial conglomerate to boost its ship finance offering. “This pioneering initiative forms part of Piraeus Bank’s continued commitment to the shipping community, through investment of international capital into existing opportunities ... read more
    splash247.com NewsPublished on 15.07.2019By Sam Chambers
  • Soechi takes Eletson gas carrier
    Greek tanker outfit Eletson Gas has sold its first ship in a year, offloading its only LPG vessel built before 2010, netting $16m for the semi-pressurised, 22,952 cu m Japanese-built . The taker of the ship is Indonesia’s Soechi Lines, a very active player in the sale and purchase market ... read more
    splash247.com NewsPublished on 15.07.2019By Hans Thaulow
  • Feeder boxship brings down crane at Indonesian port
    Feeder boxship defied its name yesterday, slamming into a pier and bringing down a gantry crane at Indonesia’s Semarang Port. According to VesselsValue, the 1997-built 1,597 teu Soul of Luck is owned by Greece’s Victoria Oceanway. Soul of Luck was arriving at Semarang Port yesterday afternoon from Malaysia’s Port Klang, when ... read more
    splash247.com NewsPublished on 15.07.2019By Grant Rowles
  • Spring Marine grows panamax bulker fleet to four
    Greek owner Spring Marine has added a panamax bulker to its fleet, according to brokers, growing its fleet of Japanese panamaxes to four. Both Seasure Shipbroking and Advanced Shipping & Trading report that the company has acquired 2006-built Tadotsu Tsuneishi panamax from Santoku Senpaku. Seasure puts the sale price at ... read more
    splash247.com NewsPublished on 14.07.2019By Grant Rowles
  • Samos Steamship snaps up Nissen Kaiun capesize for $26.2m
    Greek owner Samos Steamship has acquired 2011-built capesize bulker according to brokers. The Athens-based owner, which has a history dating back over 140 years, has shelled out $26.2m for the Japanese-built (Universal) vessel, reports Seasure Shipbroking and Advanced Shipping & Trading. The sale price is well under than the fair ... read more
    splash247.com NewsPublished on 14.07.2019By Grant Rowles
  • CMA CGM, Cosco, Hapag-Lloyd and leading ports set out to create the internet of logistics
    A host of top carriers and port groups have signed up to a CargoSmart-led new association designed to come up with shared digital solutions for the shipping industry. The initial signatories to the Global Shipping Business Network (GSBN) are CMA CGM, Cosco, Hapag-Lloyd, Hutchison Ports, OOCL, Port of Qingdao, PSA ... read more
    splash247.com NewsPublished on 12.07.2019By Sam Chambers
  • Tanker rift between the UK and Iran escalates
    The tanker rift between the UK and Iran is escalating. Police in Gibraltar have arrested the Indian captain and chief officer of the detained Iranian VLCC accused last week of violating EU sanctions on Syria. Documents and electronic devices were also seized from the vessel, while Iran has demanded the ... read more
    splash247.com NewsPublished on 12.07.2019By Sam Chambers
  • Samskip appoints former Containerships head as new CEO
    Samskip has tapped the former boss of competitor Containerships, Kari-Pekka Laaksonen, as its new group CEO, effective from the start of next month. “The opportunity to join Samskip, with its extensive transport network across Europe is very exciting from a personal point of view,” said Laaksonen. “Competition is fierce but ... read more
    splash247.com NewsPublished on 12.07.2019By Sam Chambers
  • H-Line adds two LNG-fuelled capesize bulkers at Hyundai Samho
    South Korean owner H-Line has placed an order at domestic yard Hyundai Samho for the construction of two LNG-powered 180,000 dwt capesize bulkers. The two vessels, which are scheduled for delivery in 2022, will be deployed on a route between South Korea and Australia. H-Line ordered two vessels of the ... read more
    splash247.com NewsPublished on 12.07.2019By Jason Jiang
  • 2020 Bulkers secures charter contracts from Koch
    Tor Olav Trøim’s 2020 Bulkers has entered into chartering agreements with Koch Supply & Trading for three of the company’s newbuildings. Bulk Sandefjord has secured a new 36-month time charter at an index linked rate. The time charter includes a profit sharing of any economic benefit derived from operating the ... read more
    splash247.com NewsPublished on 12.07.2019By Jason Jiang
  • South African ports hit by go-slow campaign
    South African state-run logistics company Transnet has suspended a number of employees for taking part in a lengthy go-slow campaign at the Ngqura Container Terminal in the Eastern Cape. The port said in a statement yesterday it had “suspended a number of employees at its Ngqura Container Terminal for engaging ... read more
    splash247.com NewsPublished on 12.07.2019By Sam Chambers
  • Höegh LNG enters into interim charter with Cheniere for newbuild LNG carrier
    Norway’s Höegh LNG has entered into an interim LNG carrier time charter with Cheniere Marketing International for its newbuild Höegh Galleon. The time charter will commence in September, following the delivery of the vessel from Samsung Heavy Industries. Timing of the deal allows Höegh Galleon to be available to serve ... read more
    splash247.com NewsPublished on 12.07.2019By Jason Jiang
  • Borr Drilling files for NYSE listing
    Tor Olav Troim’s Borr Drilling has filed an application with the US Securities and Exchange Commission (SEC) to commence an initial public offering. The company has been listed on the Oslo Bors since 2017 and it is looking to raise $50m through the IPO on the New York Stock Exchange. ... read more
    splash247.com NewsPublished on 12.07.2019By Jason Jiang
  • Odfjell Drilling semi-sub awarded contract in South Africa by Total
    Norway’s Odfjell Drilling has sealed a firm drilling contract with Total for drilling offshore South Africa utilising 2010-built semi-submersible . The contract is scheduled to commence in the first quarter of 2020 and drilling is expected to take around 180 to 280 days. The value is estimated at between $145m ... read more
    splash247.com NewsPublished on 12.07.2019By Grant Rowles
  • Isn’t it time for better conferences?
    Marcus Magee, managing director of new agency Uncommon Conferences, sets out a challenge today to shake up the staid shipping calendar. When was the last time you went to a maritime or energy conference and thought: “Wow, that was a fantastic use of my time!”? Hopefully you can think of ... read more
    splash247.com NewsPublished on 12.07.2019By Splash 24/7
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