• Coastal shipping along India’s east coast grinding to a halt on lack of VLSFO
    The IMO 2020 regulation has its first global trade scalp with news from south Asia where coastal shipping operations along India’s eastern coast risk grinding to a halt later this week due to the scarcity of low sulphur fuel oil. “There is virtually no supply of low sulphur fuel oil ... read more
    splash247.com NewsPublished on 13.01.2020By Sam Chambers
  • Sanko starts to rebuild with Diamond Star kamsarmax
    Sanko Steamship, one of the most high profile shipping bankruptcies of the past decade, has kicked off the 2020s by making its first vessel acquitision in years. Sanko, the biggest shipping casualty of the 1980s, went bust again in 2012 and had since been cutting its fleet back in size ... read more
    splash247.com NewsPublished on 13.01.2020By Sam Chambers
  • China’s Hongyuan Marine caught up in latest round of US sanctions targeting Iran
    The US government has announced a new round of economic sanctions against 17 metal producers and mining companies from Iran and a network of Chinese companies involved in the purchase, sale and transfer of Iranian metal products, amid the escalating conflict between the US and Iran. The U.S. Treasury Department’s ... read more
    splash247.com NewsPublished on 13.01.2020By Jason Jiang
  • New chartering platform launches in Singapore
    A Chinese-led, Singapore-based maritime ecommerce platform has launched a free chartering feature. Marine Online, which already acts as a ship supply platform as well as offering bunkering, and ships for sale, has launched a chartering side of the business, which it says is like a taxi hailing app, linking cargo ... read more
    splash247.com NewsPublished on 13.01.2020By Sam Chambers
  • Spetalen teams with Ofer and Economou for VLCC newbuild
    Norwegian financial wizard and billionaire Øystein Stray Spetalen is entering the hot VLCC business, teaming up with two of the world’s most famous shipowners to grab a Korean resale. The founder of Standard Drilling has formed an evenly split joint venture with Idan Ofer and George Economou and bought the ... read more
    splash247.com NewsPublished on 13.01.2020By Hans Thaulow
  • H.Vogemann orders six handy bulkers at Yangzijiang
    German owner H.Vogemann has placed an order at China’s Yangzijiang Shipbuilding for the construction of six  40,000 dwt open hatch handy bulkers. Shipbroking house Clarksons reported that the vessels will be built at the New Yangzijiang yard and deliveries are scheduled between October 2021 and June 2022. H.Vogemann operates a ... read more
    splash247.com NewsPublished on 13.01.2020By Jason Jiang
  • COSL settles rig termination dispute with Equinor
    COSL, the oil and gas service unit of CNOOC, has settled a rig contract termination dispute with Equinor. Equinor, formerly known as Statoil, terminated the contract for semi-submersible drilling rig COSL Innovator in 2016 following a fatal accident on board the rig in December 2015. The two companies then entered ... read more
    splash247.com NewsPublished on 13.01.2020By Jason Jiang
  • Former Wellard boss plans livestock return
    Former Wellard CEO Mauro Balzarini will launch a new venture focused on developing a new generation of livestock carriers. Balzarini stepped down as CEO of Australia’s Wellard in June, ending 40 years of involvement with the company by his family. Now, having relocated to Queenstown in New Zealand and following ... read more
    splash247.com NewsPublished on 13.01.2020By Sam Chambers
  • PetroRio extends BW Offshore FPSO for another year
    BW Offshore has reached an agreement with Brazil’s Petrorio to extend the contract for the lease and operation of . The firm period has been extended one year, to the third quarter of 2021, with options until the third quarter of 2022. The contract has been extended multiple times since ... read more
    splash247.com NewsPublished on 12.01.2020By Grant Rowles
  • Modec awarded Sangomar FPSO contract by Woodside
    Japan’s Modec has signed a contract with Woodside Energy to supply an FPSO vessel for the Sangomar Field Development Phase 1 project offshore Senegal. The FPSO will be deployed at the Sangomar field, around100km south of Dakar, Senegal, with delivery scheduled in early 2023. The FPSO will be capable of ... read more
    splash247.com NewsPublished on 12.01.2020By Grant Rowles
  • Maersk Drilling awarded Colombian drillship work by Noble Energy
    Maersk Drilling has been awarded a contract by Noble Energy for 2013-built drillship for a one-well campaign offshore Colombia. The contract will commence in the third quarter of 2020, in direct continuation of the rig’s previous contract, and is estimated at around 65 days. Value is around $18.2m, including mobilisation ... read more
    splash247.com NewsPublished on 12.01.2020By Grant Rowles
  • Evangelos Marinakis snaps up 14-year-old Japanese VLCC
    Evangelos Marinakis’s Capital Maritime and Trading has moved to further take advantage of solid VLCC rates up around the $100k mark with the acquisition of 2005-built 300,000 dwt VLCC , according to brokers. Advanced Shipping & Trading and Seasure Shipbroking are both reporting that Capital have acquired the vessel from ... read more
    splash247.com NewsPublished on 12.01.2020By Grant Rowles
  • London decarbonisation debate questions IMO targets
    Shipping got plenty of insight into its potential zero-carbon future yesterday at an event organised by the UK Chamber of Shipping featuring lobbyists, politicians, shipowners, green tech experts and NGOs. UK maritime minister Nusrat Ghani (pictured) opened the special decarbonising maritime event, telling delegates how vital it will be that ... read more
    splash247.com NewsPublished on 10.01.2020By Sam Chambers
  • Africa’s newest shipping line sets sail
    Guinea Shipping Corporation (GSC) is set to kickstart operations in the next month, Splash can exclusively reveal, providing a new export arm for the increasingly important dry bulk destination in West Africa. GSC was created 10 years ago, but remained dormant ever since. Starting today, it has sets out its ... read more
    splash247.com NewsPublished on 10.01.2020By Sam Chambers
  • Newcastlemax newbuilds to flood sector this year
    Brokers Braemar ACM have run the numbers for the dry bulk sector this year, highlighting the enormous volume of larger bulker newbuilds set to hit the waters this year. In the report, entitled The Big Picture: The year ahead – 8 things to look out for, Braemar ACM noted there ... read more
    splash247.com NewsPublished on 10.01.2020By Sam Chambers
  • Ambrey Risk: What you need to know when transiting the Strait of Hormuz
    With tanker rates sky high there has been little cut back in traffic along the Strait of Hormuz this past week (see tweet below) despite the sudden rise in tensions between Iran and the US. However, for John Thompson and his team at Ambrey Risk, it’s been a manic week ... read more
    splash247.com NewsPublished on 10.01.2020By Splash 24/7
  • Anti-Arctic shipping alliance grows
    Eight more companies have agreed this week not to ship goods through the Arctic Ocean and signed the Arctic Corporate Shipping Pledge launched by Ocean Conservancy and Nike in October 2019. The new signatories include Ralph Lauren, Kuehne + Nagel, Puma, International Direct Packaging, Allbirds, Aritzia, Hudson Shipping Lines and ... read more
    splash247.com NewsPublished on 10.01.2020By Sam Chambers
  • Exmar makes management changes as part of corporate restructuring
    Exmar Group, the gas arm of the Saverys’ empire, has announced a new management lineup and corporate structure. Francis Mottrie comes in to fill the role of deputy CEO from Exmar subsidiary Bexco, a producer of synthetic ropes. Mottrie has over 20 years in the maritime industry with CMB, Safmarine ... read more
    splash247.com NewsPublished on 10.01.2020By Grant Rowles
  • Baowu surpasses ArcelorMittal as the world’s largest steel producer
    China’s mighty Baowu Steel Group appears to have surpassed ArcelorMittal as the world’s largest steel producer. Baowu’s chairman in a new year’s address told employees the group managed to produce 96m tons of crude steel last year, up 40% on 2018 after it took an indirect controlling stake in Masteel. ... read more
    splash247.com NewsPublished on 10.01.2020By Sam Chambers
  • KSS Line adds another VLGC at Hyundai Heavy
    South Korean owner KSS Line has placed an order at Hyundai Heavy Industries (HHI) for the construction of another VLGC, adding to its existing order of three VLGCs at the yard. The latest 84,000 cu m gas carrier, fitted with scrubbers, is scheduled for delivery in the second quarter of ... read more
    splash247.com NewsPublished on 10.01.2020By Jason Jiang
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