• SSY Futures makes foray into the Asian utilities scene
    SSY Futures, part of UK broker Simpson Spence Young, has announced that it has formed a new partnership with Green Tiger Markets (GTM) making an entry into the Asian utility scene. SSY Futures is best known as a dry nulk and freight derivatives brokerage. However, it has also been expanding ... read more NewsPublished on 15.04.2021By Andrew Cox
  • Brazil cuts red tape for port bids
    Brazil has simplified its port terminal investment rules, cutting red tape as it aims to get more investments along its coastline. A decree signed by president Jair Bolsonaro defines rules to speed up lease contracts for port areas, removing the need for public calls, and allows easier access to public ... read more NewsPublished on 15.04.2021By Sam Chambers
  • Cutting oil use at sea
    Peter Tedder and Rebecca Bridgen from Leo Maritime on best practice for sustainable oil management. Rather like all Olympics teams thinking of gold success, many maritime companies are developing new technologies that offer shipowners the opportunity to outshine their competitors by way of reducing overall carbon footprints. Those that achieve ... read more NewsPublished on 15.04.2021By Splash
  • Shell to let shareholders vote on energy transition scheme
    Shareholders of Anglo-Dutch supermajor Shell will have their say on the company’s energy transition strategy in May this year. Shell said that this is the first time that an energy company has asked shareholders to vote on its energy transition scheme. Nevertheless, the vote is purely advisory and will not ... read more NewsPublished on 15.04.2021By Adis Ajdin
  • Rio Grande LNG project taps into Mitsubishi Heavy CO2 capture tech
    US LNG project developer NextDecade and Mitsubishi Heavy Industries America, part of Mitsubishi Heavy Industries (MHI), have signed an engineering services agreement for the MHI’s CO2 capture technology, known as the KM CDR Process, to be applied at NextDecade’s Rio Grande LNG project in the Port of Brownsville, Texas. One ... read more NewsPublished on 15.04.2021By Adis Ajdin
  • Castor Maritime puts new kamsarmax pair to work
    Nasdaq-listed Greek owner Castor Maritime has taken delivery of two more kamsarmaxes, acquired on the secondhand market, and immediately put the vessels to work. Castor has secured a time charter contract for 2010-built kamsarmax Magic Twilight (ex Inspiration), commencing on April 13 at a rate of $19,000 per day and ... read more NewsPublished on 15.04.2021By Grant Rowles
  • Flex LNG charters four LNG carriers to Cheniere
    John Fredriksen’s Flex LNG has entered into agreements to charter four LNG carriers to Cheniere Marketing International, with an option for a fifth LNG carrier. The charters are for between three years and three and a half years, with options to extend by two years. Flex LNG will deliver newbuild ... read more NewsPublished on 15.04.2021By Grant Rowles
  • MMT awarded site survey contract on North Sea energy island
    Swedish marine survey specialist MMT, an Ocean Infinity company, has been selected by Energinet to carry out the initial surveys of the seabed area beneath the future Energy Island in the North Sea. The work scope includes pre-construction geophysical and seismic surveys in the 526 km2 area from May 2021 ... read more NewsPublished on 15.04.2021By Adis Ajdin
  • Ocean Infinity forms geotechnical JV with Gregg Drilling
    Houston-based marine robotics company Ocean Infinity and geotechnical drilling experts Gregg Drilling, a subsidiary of Alaska Native Corporation Sealaska, have formed a joint venture to provide geotechnical services to offshore markets in traditional and renewable energy field developments and cables. The partnership will see Gregg Drilling mobilise its seabed drills ... read more NewsPublished on 15.04.2021By Adis Ajdin
  • Evergreen confirms Ever Given arrested pending $916m claim including $300m for loss of reputation
    Taiwanese liner Evergreen today confirmed that the 20,388 teu has been arrested by a court in Egypt this week. The giant, near full ship is in the Great Bitter Lake with a crew of 25 onboard, weeks after it ran aground, blocking the Suez Canal. The ship is operated by ... read more NewsPublished on 14.04.2021By Sam Chambers
  • McDermott’s CB&I to deliver storage tank for Philippines’ first LNG import terminal
    McDermott’s CB&I Storage Solutions business has secured a contract from Atlantic Gulf and Pacific Company of Manila (AG&P) for the engineering, procurement and construction of a liquefied natural gas (LNG) storage tank for AG&P’s Philippines LNG import and regasification terminal, currently under construction in Batangas, Philippines. “We are confident we ... read more NewsPublished on 14.04.2021By Adis Ajdin
  • Hapag-Lloyd spends $550m on new containers
    Hamburg-based liner Hapag-Lloyd has splashed approximately $550m on new containers, making it one of the largest orders in the company’s history. The move comes at a time when there is a major container shortage on major liner routes resulting in substantial freight rate hikes. The company has already taken delivery ... read more NewsPublished on 14.04.2021By Adis Ajdin
  • New Zealand to phase out livestock exports by sea
    New Zealand’s agriculture minister Damien O’Connor announced the country will cease the export of livestock by sea following a transition period of up to two years. “At the heart of our decision is upholding New Zealand’s reputation for high standards of animal welfare. We must stay ahead of the curve ... read more NewsPublished on 14.04.2021By Adis Ajdin
  • IKM Acona hires Havila Shipping PSV
    Norwegian OSV owner Havila Shipping has secured a contract with Stavanger-based oil and gas services firm IKM Acona for the 2009-built platform supply vessel PSV . The contract is for a period of one well, estimated to a period of 35 to 90 days, Havila said in its Oslo filing ... read more NewsPublished on 14.04.2021By Adis Ajdin
  • DEME and Penta-Ocean forge offshore wind alliance in Japan
    Belgium-based DEME Offshore and Japan’s marine contractor Penta-Ocean Construction have agreed to set up a joint venture targeting offshore wind construction market in Japan. The joint venture company, will be 51% owned by Penta-Ocean and 49% by DEME Offshore. Niels van Berlaer, business unit director Asia-Pacific DEME Offshore, commented: “By ... read more NewsPublished on 14.04.2021By Adis Ajdin
  • Navios Acquisition gets up to $100m loan from Angeliki Frangou-linked firm
    New York-listed tanker owner and operator Navios Maritime Acquisition has secured an up to $100m loan from a subsidiary of N Shipmanagement Acquisition, an entity affiliated with its chairman and CEO, Angeliki Frangou. A two-year loan has scheduled amortisation and bears interest at a rate of 11% per annum, payable ... read more NewsPublished on 14.04.2021By Adis Ajdin
  • Global Shipping Business Network seals first banking tie-up
    Blockchain grouping Global Shipping Business Network (GSBN) has teamed with Bank of China (Hong Kong) in a bid to help streamline the trade finance process, the first financial institution to come onboard the venture that includes Cosco, Hapag-Lloyd and port operators PSA, SIPG and Hutchison as members. Through the collaboration, ... read more NewsPublished on 14.04.2021By Sam Chambers
  • Rhenus takes over Arkon Shipping & Projects
    German logistics major Rhenus is strengthening its project and heavylift cargo business by taking a 60% stake in compatriot Arkon Shipping & Projects from Torsten Westphal. Rhenus Maritime Services will in future administer Arkon Shipping & Projects under the new operating name of RMS Projects together with the co-founder and ... read more NewsPublished on 14.04.2021By Adis Ajdin
  • Dellaportas brothers split Meadway fleet
    Nearly two years since their father died, the Dellaportas brothers have decided to split the fleet of Greece’s Meadway Shipping & Trading in two. The founder of the company, Dionysios Dellaportas, died aged 70 in July 2019. After much discussion his two sons have decided this year to split his ... read more NewsPublished on 14.04.2021By Sam Chambers
  • New study unveils the mental health ‘minefield’ seafarers face
    Whether on or offshore, the work and lifestyle of remote rotational workers, including seafarers, is unique. While lucrative for some, it has long been associated with a high impact on mental health and wellbeing. A new global report from the International SOS Foundation and Affinity Health at Work provides an ... read more NewsPublished on 14.04.2021By Sam Chambers
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