• China’s iron ore imports under the microscope
    Yesterday’s lead story on Splash has caused significant reaction from China dry bulk analysts. Peter Sand, chief shipping analyst at global shipowning body BIMCO, caused a stir with the publication of a report on Wednesday entitled It’s the steel production, stupid!, in which he noted how scrap metal in China ... read more
    splash247.com NewsPublished on 18.04.2019By Sam Chambers
  • Maritime CEO Forum: Dry bulk hit by bad luck or something far more serious?
    The first quarter for dry bulk was a “total train wreck”, but is that just down to a series of unfortunate events or is there something more fundamentally wrong with the sector? That was the opening question posed by moderator Tim Huxley from Mandarin Shipping at last week’s lively dry ... read more
    splash247.com NewsPublished on 18.04.2019By Splash 24/7
  • Maritime gender pay gap still enormous
    On the second anniversary of the obligation to report gender pay figures in the UK, HR Consulting from maritime recruitment specialists Spinnaker Global brought together a group of maritime HR professionals to discuss the challenges and opportunities on gender diversity within shipping. Using their 2018 Maritime HR Association salary survey ... read more
    splash247.com NewsPublished on 18.04.2019By Sam Chambers
  • Zeaborn takes full control of Zeamarine
    Germany’s Zeaborn Group has bought out New Mountain Capital’s stake in Zeamarine, a joint venture formed last year to combine the commercial activities of Intermarine, Zeaborn Chartering and Rickmers-Line, creating one of the world’s largest MPP carriers. Andre Grikitis has decided to step down as CEO of Zeamarine, after more ... read more
    splash247.com NewsPublished on 18.04.2019By Sam Chambers
  • Green light for VSA between Eimskip and Royal Arctic Line
    The Icelandic Competition Authority has approved exemption for the cooperation between Eimskip and Royal Arctic Line, the national carrier of Greenland. As part of the cooperation, three 2,150 teu boxships are being built in China with expected delivery later this year. Two vessels are being built for Eimskip and one ... read more
    splash247.com NewsPublished on 18.04.2019By Sam Chambers
  • Weekly Broker: Cape sales dominate the news
    The dry bulk sale and purchase market has seen another periodic slowdown this past week as sentiment remains soft in the dry bulk market. Buyer’s interest remain firm as expectations of a future growth in the market have increased given the increasing scrapping activity seen in the first quarter. The ... read more
    splash247.com NewsPublished on 18.04.2019By Jason Jiang
  • Thoresen picks up Nisshin Shipping ultramax
    Thailand’s Thoresen Shipping has acquired 2014-built ultramax from Nisshin Shipping for mid to high $18m, according to broking sources. The price is significantly higher than the $16.76m placed on the Jiangsu Hantong-built vessel by VesselsValue, although the vessel has just completed its latest survey in February. Nisshin Shipping sold four ... read more
    splash247.com NewsPublished on 18.04.2019By Grant Rowles
  • CEO Chronicles 2: Horrible Bosses
    Here’s the next installment in my guide to navigating your liferaft through today’s corporate rapids. A horrible boss is a cross we have had to bear, at one time or the other, during our career. We must take a bad boss seriously. He or she can derail our career and ... read more
    splash247.com NewsPublished on 18.04.2019By Venkatraman Sheshashayee
  • Proof of alien life forms deemed more likely than a correct five-year shipping forecast
    In a damning rebuke to today’s crop of shipping analysts, a vast majority of Splash voters reckon the chances of us finding proof of alien life forms in the next five years is more likely than an analyst getting a five-year forecast correct. The question is one of nine posed ... read more
    splash247.com NewsPublished on 17.04.2019By Splash 24/7
  • MMA Offshore awarded walk-to-work vessel contract by Woodside
    Australia’s MMA Offshore has been awarded a contract by Woodside to provide accommodation and walk-to-work vessel services, supporting platform maintenance operations at Woodside’s Australian assets. MPSV will have a gangway system installed to allow the transfer of personnel between the Woodside platforms and their accommodation on the vessel during the ... read more
    splash247.com NewsPublished on 17.04.2019By Grant Rowles
  • Halliburton awarded Brazilian offshore contract by Shell
    Houston-headquartered Halliburton Company has been awarded an integrated services contract by Shell for post-salt development and pre-salt exploration in Brazil’s Campos and Santos Basins. Halliburton will provide drilling services for a period of three years, with a two-year extension option. Anouar Fraija, vice president of Halliburton Brazil, commented: “Our integrated ... read more
    splash247.com NewsPublished on 17.04.2019By Grant Rowles
  • BIMCO calls the end of the China iron ore cape run
    After two decades of relying on Chinese demand for iron ore imports, cape owners today have been told they’ll need to wean themselves off this cash cow. In a report entitled It’s the steel production, stupid!, BIMCO’s chief shipping analyst Peter Sand has called the end of the China iron ... read more
    splash247.com NewsPublished on 17.04.2019By Sam Chambers
  • Brightoil chairman ousted
    In the latest twist to the bumpy corporate history of Brightoil Petroleum, its chairman, Dr Sit Kwong Lam, has been forced to relinquish his position after a court in Hong Kong declared him bankrupt. Sit has said he will fight the ruling with a view to getting back on to ... read more
    splash247.com NewsPublished on 17.04.2019By Sam Chambers
  • ZIM signs up for Maersk-led TradeLens
    In an important blockchain breakthrough for liner shipping, Maersk has found another rival to sign up to TradeLens, its platform launched last year with IBM. Israeli carrier ZIM has signed up to participate in TradeLens, a blockchain-enabled documentation system designed to smooth bureaucracy between carriers, freight forwarders, customs officials and ... read more
    splash247.com NewsPublished on 17.04.2019By Sam Chambers
  • MOL invests in six Reliance ethane carriers
    Japan’s Mitsui OSK Lines (MOL) has taken its Indian energy shipping aspirations to the next level by investing in six very large ethane carriers it had been operating for on behalf of Reliance. MOL has come onboard in a deal that will split ownership of the ships 50:50 with Reliance, ... read more
    splash247.com NewsPublished on 17.04.2019By Sam Chambers
  • BW’s takeover of Epic Gas nears completion
    BW Group’s acceptance period for its voluntary unconditional offer of Epic Gas passed yesterday with the Andreas Sohmen-Pao-led company now controlling 82.58% of the Singapore-based LPG company. Epic Gas stated in a release sent to the Oslo Bors today that it will maintain its listing on Merkur Market and will ... read more
    splash247.com NewsPublished on 17.04.2019By Sam Chambers
  • Sailors’ Society seeks changes to the Maritime Labour Convention
    Maritime charity Sailors’ Society is petitioning the International Labour Organization (ILO) to make wellness training for seafarers mandatory in the Maritime Labour Convention (MLC). The petition is a key part of the charity’s Not On My Watch campaign to combat suicide and depression at sea. The campaign is also calling ... read more
    splash247.com NewsPublished on 17.04.2019By Sam Chambers
  • Tristar confirms orders for six product tankers at Hyundai Mipo
    UAE-based petroleum and chemical shipping and logistics firm Tristar Group has confirmed orders for six newbuild 25,000 dwt product tankers at South Korea’s Hyundai Mipo Dockyard. The deal, first reported by Splash in January, will see the vessels go on long-term contracts with Shell. Last August, Tristar agreed to acquire ... read more
    splash247.com NewsPublished on 17.04.2019By Grant Rowles
  • Golar LNG moves forward with Gimi FLNG and Croatian FSRU
    Golar LNG Limited has received a $700m financing commitment for FLNG Gimi and has subsequently issued Keppel Shipyard with a notice to proceed with the project. The financing has been provided to Gimi MS Corporation, 70% owned by Golar and 30% owned by Keppel Coportation’s Keppel Capital Holdings, by banks ... read more
    splash247.com NewsPublished on 17.04.2019By Grant Rowles
  • 20-row Evergreen boxship set to make landmark Panama Canal transit
    The Panama Canal is set to receive its first 20-row across boxship transit. The 14,424 teu , which Evergreen has on charter, will head through the waterway on May 15, marking another milestone in the evolution of the enlarged canal. According to Alphaliner, the vessel features a 20-rowbeam of 51.20 ... read more
    splash247.com NewsPublished on 17.04.2019By Sam Chambers
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