SRTS News

  • Castor Maritime seals new loan to aid fleet growth
    Nasdaq-listed dry bulk owner Castor Maritime has closed a $15.3m senior term loan facility with a European financial institution, secured by two of its vessels. Castor says the loan is expected to be drawn down by end of this month, and will be used for the company’s growth plans. Last ... read more
    splash247.com NewsPublished on 24.01.2021By Grant Rowles
  • Mental health and honey badgers: No laughing matter
    Christian Ayerst, CEO of Mental Health Support Solutions, writes for Splash demanding organisational change ashore and at sea. I’m a fairly tough guy. I can sleep for five hours – and be relatively lucid the next day. I run ultra-marathons. I’ve been bitten by a honey badger and lived to ... read more
    splash247.com NewsPublished on 24.01.2021By Splash
  • Subsea 7 awarded Angolan contract by CABGOC
    Subsea 7 has been awarded a contract by Cabinda Gulf Oil Company (CABGOC) for the Sanha Lean Gas Connection project comprising the construction and installation of the Lean Gas Platform system in Block-0, offshore Angola. Fabrication will be conducted at Sonamet’s yard in Angola from 2021 to 2022, and offshore ... read more
    splash247.com NewsPublished on 24.01.2021By Grant Rowles
  • Changjiang Shipping orders river bulker at Dajin Heavy
    Changjiang Shipping, part of Sinotrans & CSC, has placed an order at Dajin Heavy Industry, the subsidiary yard of Shanghai Bestway, for the construction of a 7,500 dwt bulk carrier. The LNG dual fuel bulker will be used for shipping services along the Yangtze River. The construction of the vessel ... read more
    splash247.com NewsPublished on 22.01.2021By Jason Jiang
  • Storm-hit Maersk Essen reroutes to Mexico
    The 13,100 teu boxship has rerouted to Mexico instead of its intended destination of Los Angeles. The ship became the latest boxship to suffer a container spill on the Pacific, losing up to 750 boxes on January 16 in a storm. The Maersk accident was the fourth box spill in ... read more
    splash247.com NewsPublished on 22.01.2021By Sam Chambers
  • Nobu Su’s bid to leave the UK quashed
    Nobu Su’s bid to leave the UK has been rejected by a court in London this week with the Taiwanese tycoon deemed a flight risk. High Court judge David Waksman maintained the restraining order that has been in place on Su since he left jail last April, saying Su had ... read more
    splash247.com NewsPublished on 22.01.2021By Sam Chambers
  • RightShip and Intercargo unveil new dry bulk quality standard
    RightShip and Intercargo have jointly announced the launch of a new quality standard for the dry bulk sector, DryBMS. The standard will be governed by a new NGO to be established later this year, and will support the improvement of safety in the dry bulk segment. The move follows the ... read more
    splash247.com NewsPublished on 22.01.2021By Jason Jiang
  • Bjoern Sprotte joins V.Group as CEO of shipmanagement
    Bjoern Sprotte, who recently left his role of CEO at OSM, has been appointed chief executive officer, shipmanagement at V.Group. Sprotte will be based in Hamburg, reporting to recently appointed group CEO René Kofod-Olsen. Franck Kayser, who was in charge of shipmanagement at V.Group, will be assuming leadership of the ... read more
    splash247.com NewsPublished on 22.01.2021By Grant Rowles
  • New entrant on the Asia-Europe tradelane
    There’s set to be a new entrant on the booming Asia – Europe container tradelane. China United Lines (CU Lines), which was founded in 2005 initially as a domestic then intra-Asia operator, is going it alone, entering the east-west tradelane at a time when rates are in record terriritory. The ... read more
    splash247.com NewsPublished on 22.01.2021By Sam Chambers
  • World Bank targets maritime digitalisation
    A new report by the World Bank and the International Association of Ports and Harbors (IAPH) shows that better digital collaboration between private and public entities across the maritime supply chain will result in significant efficiency gains, safer and more resilient supply chains, and lower emissions. The report, entitled Accelerating ... read more
    splash247.com NewsPublished on 22.01.2021By Sam Chambers
  • DHT swoops for Awilco VLCC pair
    New York-listed VLCC tanker owner DHT Holdings has announced the acquisition of two 2016-built (DSME) VLCCs for a total price of $136m. VesselsValue shows the two vessels to be Awilco Eco Tankers pair Eco Future and Eco Queen. The portal values the tankers at a little over $64m each. DHT ... read more
    splash247.com NewsPublished on 22.01.2021By Grant Rowles
  • Overthinking it: Some notes on investing in shipping for those that don’t
    Charlie Du Cane, commercial director at Seastar Maritime, gives advice on how to make money investing in our industry. Shipping is in danger of being back in vogue for investors. Why? First, all industries give off a ‘noise’ that the broader world can hear. For us it has been a ... read more
    splash247.com NewsPublished on 22.01.2021By Splash
  • Siem Offshore set to reach restructuring deal with European creditors
    Norwegian OSV operator Siem Offshore has announced that it is in the final stages of negotiations with its European banks and expects to sign a formal term sheet for the restructuring of the group’s credit agreements shortly. In the meantime, the company has been working with key bondholders to secure agreement ... read more
    splash247.com NewsPublished on 22.01.2021By Jason Jiang
  • EGPN enters cape segment
    Hong Kong-registered bulker player EGPN has emerged as the highest bidder for a 180,000 dwt cape from Qingdao Beihai Shipbuilding sold by Greathorse International Ship Management. The acquisition of the marks EGPN’s entry into the cape segment. The 10-year-old bulker was first offloaded in an en bloc deal that subsequently ... read more
    splash247.com NewsPublished on 21.01.2021By Hans Thaulow
  • 750 boxes fall off Maersk ship during another Pacific storm
    Maersk has confirmed another case of bad weather in the Pacific has knocked hundreds of boxes from one its ships. The 13,100 teu was midway through the Pacific bound for Los Angeles when it lost up to 750 containers on January 16 , according to claims consultancy WK Webster. As ... read more
    splash247.com NewsPublished on 21.01.2021By Sam Chambers
  • Martin Fruergaard appointed Pacific Basin CEO as Mats Berglund departs
    Hong Kong-listed dry bulk shipping company Pacific Basin has announced that the company’s CEO Mats Berglund has decided to retire and leave the company on July 30. The company has appointed Martin Fruergaard, currently CEO of Ultragas as the new CEO. Fruergaard, a Dane, also previously served several senior roles in ... read more
    splash247.com NewsPublished on 21.01.2021By Jason Jiang
  • The risk of a two-tier system of digital and non-digital countries and ports
    Martin Humphreys, the lead transport economist at the World Bank, writes exclusively for Splash today. The bank has a new technical report out later today on how best to accelerate maritime digitalisation with Martin sharing some of his thoughts on the matter. The recent decade of digital revolution has driven ... read more
    splash247.com NewsPublished on 21.01.2021By Splash
  • Former Chinese shipbuilding supremo Hu Wenming arrested for corruption
    The Supreme People’s Procuratorate of China has decided to officially arrest Hu Wenming, former leader of China’s state run shipbuilding giants, for criminal activities relating to corruption. Hu has been under criminal investigation since March 2020 after he retired as chairman at CSIC. Hu was also recently expelled from the ... read more
    splash247.com NewsPublished on 21.01.2021By Jason Jiang
  • Castor Maritime takes its first capesize
    Nasdaq-listed dry bulk owner Castor Maritime has announced the acquisition of a 2006-built Japanese capesize bulker for $17.5m. The vessel appears to be Imabari Senpaku’s , which brokers earlier this week had reported as acquired by Pavimar. Pavimar is run by Ismini Panagiotidi, the sister of Castor boss Petros Panagiotidis. ... read more
    splash247.com NewsPublished on 21.01.2021By Grant Rowles
  • Solid oxide fuel cell developments proliferate
    Shipping is moving inexorably closer to major fuel cell breakthroughs. Class society ABS has just granted approval in principle (AIP) to solid oxide fuel cell (SOFC) technology developed by Daewoo Shipbuilding & Marine Engineering (DSME), one of South Korea’s top shipyards. Granting of AIP follows two joint development projects between ... read more
    splash247.com NewsPublished on 21.01.2021By Sam Chambers
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