• Second Australian detention in a week exposes Chinese owners’ failure to pay crew
    Australian authorities have detained a second vessel at a Queensland port after crewmembers reported being owed more than $100,000 in unpaid wages. The Hong Kong-flagged bulk carrier , owned by Chinese company Ocean Prosperity and managed by Dalian Shipping, was delivering clinker — a material used in the manufacture of ... read more
    splash247.com NewsPublished on 12.09.2019By Sam Chambers
  • Shearwater GeoServices secures major South America survey
    Offshore seismic service provider Shearwater GeoServices has been awarded a major survey to be acquired in South America. The contract will start in the fourth quarter and last for six months. The company will utilise survey vessel to acquire data in around 8,500 sq km of water area. The vessel ... read more
    splash247.com NewsPublished on 11.09.2019By Jason Jiang
  • Search and rescue mission for missing Nur Allya and its 25 crew called off
    The official search and rescue operation for the missing bulk carrier and its 25 crew has come to a close with just a liferaft, a lifebuoy and an oil slick to show for the thousands of manpower hours spent by teams at sea and in the air in the past ... read more
    splash247.com NewsPublished on 11.09.2019By Sam Chambers
  • Goodbye big ships. Hello profitability
    I love the container shipping industry and the ways in which it behaves. There is some predictability to it and it provides good material to study business strategies employed in a highly commoditised market. It is not a very adventurous industry. While everybody watches everybody else, all of them watch ... read more
    splash247.com NewsPublished on 11.09.2019By Kris Kosmala
  • Tufton Oceanic eyes ‘attractive pipeline’ of secondhand vessels
    Citing the competitively priced S&P scene, London-listed Tufton Oceanic has today outlined a cash raising exercise to expand its fleet. The maritime and energy fund management firm is conducting a placing of new ordinary shares at $1.01, a 2.3% premium to the current NAV. In a release, Tufton Oceanic said ... read more
    splash247.com NewsPublished on 11.09.2019By Sam Chambers
  • Fredly’s Hunter comes onboard world’s largest VLCC pool
    Arne Fredly’s new VLCC outfit Hunter Group has selected Tankers International as commercial manager for its fleet. Tankers International will set up a pool which consists exclusively of modern scrubber-fitted VLCCs from Hunter Group, Hartree Maritime Partners, International Seaways, Oak Maritime, and Ridgebury Tankers. The new pool, combined with Tankers ... read more
    splash247.com NewsPublished on 11.09.2019By Jason Jiang
  • Seatankers takes over Japanese capesize bulker
    John Fredriksen’s Seatankers Management has made its first secondhand bulker acquisition deal in over three years, acquiring the 2012-built capesize bulker . The company’s most recent bulker S&P deal dates back to May 2016, when it acquired two resale panamax bulkers at Indian yard Reliance Defence and Engineering. Shipbroking sources ... read more
    splash247.com NewsPublished on 11.09.2019By Jason Jiang
  • DAL/Essberger outsources commercial management
    Deutsche Afrika-Linien / John T. Essberger Group (DAL/JTE-Group) has appointed two Hamburg companies to commercially handle its containerships and bulk carriers. The DAL/JTE-Group said the move will allow it to focus on its role as asset manager in these markets which are regarded “as an interesting addition to the other ... read more
    splash247.com NewsPublished on 11.09.2019By Sam Chambers
  • G2 Ocean targets project cargo growth
    G2 Ocean, the bulk shipping joint venture of Norwegian companies Gearbulk and Grieg Star, has expanded its project cargo business with the opening of offices in Houston and Hamburg. The company has also hired three new senior project cargo managers, one to work in each of the new offices and ... read more
    splash247.com NewsPublished on 11.09.2019By Grant Rowles
  • Carimin Petroleum awarded engineering contract by Petronas
    Malaysia’s Carimin Engineering Services, a subsidiary of Carimin Petroleum, has received a letter of award from Petronas for the provision of hook-up, commissioning and topside major maintenance services. The contract is for a duration of 15 months until November 2020. Carimin currently owns a fleet of two vessels, one AHTS ... read more
    splash247.com NewsPublished on 11.09.2019By Jason Jiang
  • Omegra: The benefits of being nimble
    Omegra was conceived in 2013 in Singapore as an independent dry bulk shipping company sitting alongside sister company and commodity trading house, Enerfo. From the outset, the aim was to be nimble, snatching opportunities in what has been an incredibly volatile market this decade. “For any operator, success derives from ... read more
    splash247.com NewsPublished on 10.09.2019By Splash 24/7
  • Wind propulsion interest set to rocket from European Space Agency investment
    Shipowners will soon be able to see for themselves how much money they could be saving by deploying wind propulsion thanks to funding from the European Space Agency. Smart Green Shipping Alliance (SGSA) has been accepted into the European Space Agency Business Incubation Centre United Kingdom (ESA BIC UK). Part ... read more
    splash247.com NewsPublished on 10.09.2019By Sam Chambers
  • Four remaining crew members rescued from capsized car carrier
    The US Coast Guard and salvage crews have rescued the four remaining crew members from car carrier , which capsized in St. Simons Sound near Port of Brunswick, Georgia, on Sunday. A salvage team was deployed to the vessel yesterday morning and by 1pm local time it was confirmed the ... read more
    splash247.com NewsPublished on 10.09.2019By Grant Rowles
  • Liners accused of blanking customers over reduced Golden Week sailings
    The blank sailing tactics of the world’s leading liners have been attacked for their opaque, late announcements to clients. The latest weekly report from Copenhagen-based Sea-Intelligence points out that alliances 2M and Ocean Alliance have just made public their blanked sailings for Golden Week, the Chinese national holidays in October, ... read more
    splash247.com NewsPublished on 10.09.2019By Sam Chambers
  • Digital maritime spend analysed in landmark study
    A new 60-page report issued today looking into maritime startups conducted for Inmarsat by UK GovTech venture firm and research house, PUBLIC, shows the fantastic growth opportunities for businesses eyeing the digital maritime space. The report, entitled Trade 2.0, was authored by occasional Splash contributor Nick Chubb and Leonardo Zangrando. ... read more
    splash247.com NewsPublished on 10.09.2019By Sam Chambers
  • Cosco appoints new president
    China Cosco Shipping Group has announced the appointment of Fu Gangfeng as its new president, the second-in-command role at the group. Previously, Fu was the president of China Merchants Group since February 2018. The president role of Cosco had been vacant for over 20 months after former president Wan Min ... read more
    splash247.com NewsPublished on 10.09.2019By Jason Jiang
  • Norden sets up new decarbonisation role
    Danish owner Norden has set up a new dedicated decarbonisation position within the company in order to meet its emission reduction targets. The role will be led by Henrik Røjel, who serves as senior performance manager in the company’s fuel efficiency team. Røjel will be responsible for driving the company’s ... read more
    splash247.com NewsPublished on 10.09.2019By Jason Jiang
  • Höegh Autoliners names new CEO to replace Ivar Myklebust
    Oslo-based car carrier owner Höegh Autoliners has announced that Ivar Myklebust has resigned as CEO, with Thor Jørgen Gutormsen appointed to take over the role. Gutormsen served as CEO for Leif Höegh & Co between 1992 to 2008 and as non-executive director of Höegh Autoliners since 2014. He has also ... read more
    splash247.com NewsPublished on 10.09.2019By Jason Jiang
  • Haikou Maritime Court lists Brightoil VLCC for sale
    Haikou Maritime Court has listed Brightoil Petroleum’s 2013-built VLCC for sale in an online auction scheduled on November 19. The vessel was arrested by the court at Yangpu Port in January at the request of creditor bank BNP Paribas. The starting price for the Hyundai Heavy-built crude tanker is RMB390m ... read more
    splash247.com NewsPublished on 10.09.2019By Jason Jiang
  • SITC acquires boxship from Laurus Ship Management
    Chinese feeder boxship operator SITC has acquired the 2009-built 1,700 teu containership from South Korean owner Laurus Ship Management. According to shipbroking sources, the Imabari-built ship has fetched a price of $8m which is significantly lower than MSI’s valuation of . It is the fifth vessel SITC has acquired this ... read more
    splash247.com NewsPublished on 10.09.2019By Jason Jiang
1 2 3 4 12