• DEME and Penta-Ocean Construction partner up for Japanese wind farm projects
    Belgian offshore marine engineering company DEME and Japanese marine contractor Penta-Ocean Construction have entered into a memorandum of understanding (MOU) to collaborate on the construction of offshore wind farms in Japan. According to DEME, the development of offshore wind projects has gained considerable momentum throughout Japan and the collaboration will ... read more
    splash247.com NewsPublished on 26.03.2020By Jason Jiang
  • Panama Canal takes measures to ensure waterway remains open
    The Panama Canal Authority has announced that it has adopted new measures to guarantee operations and prevent the further spread of the virus after Panama ordered a mandatory nationwide lockdown to combat the coronavirus pandemic. The canal has created teams with the necessary staffing levels to maintain the safe operation ... read more
    splash247.com NewsPublished on 26.03.2020By Jason Jiang
  • EU extends consortia block exemption regulation through to 2024
    Container shipping companies are celebrating news that they will continue to be exempt from antitrust rules against anti-competitive agreements for a further four years until 2024, EU antitrust regulators said on Tuesday. First adopted in 2009 and extended for five years in 2014, the consortia block exemption regulation will be ... read more
    splash247.com NewsPublished on 25.03.2020By Sam Chambers
  • Simeon Palios tests positive for coronavirus
    Simeon Palios, the chairman and CEO of both Diana Shipping and Performance Shipping, has tested positive for coronavirus. In an SEC filing, Diana Shipping said it has appointed the Semiramis Paliou, the company’s deputy CEO and daughter of Palios, as acting chief executive officer on a temporary basis. Performance Shipping ... read more
    splash247.com NewsPublished on 25.03.2020By Grant Rowles
  • Splash Extra: PCTCs head for the long-term car park
    The perilous state of the under reported car carrier segment leads the March issue of Splash Extra with exclusive news of lay-ups, scrapping and super slow steaming coming into play as automotive production and demand  drops across the world. Inside the 14-page issue there is unbeatable market commentary on the ... read more
    splash247.com NewsPublished on 25.03.2020By Splash 24/7
  • Three American carriers seek emergency tie-up
    Three American lines are seeking an emergency tie-up to cope with the supply chain fallout brought about by the spread of coronavirus. Crowley Liner Services, King Ocean Services and Seaboard Marine who have service networks focused on the US Gulf, Central America and the Caribbean Basin have filed an application ... read more
    splash247.com NewsPublished on 25.03.2020By Sam Chambers
  • HMM pays $25m into emergency fund ahead of joining THE Alliance next week
    South Korean flagship HMM has deposited $25m into THE Alliance’s contingency fund ahead of its April 1 joining of the liner grouping. The cash reserve was first set up three years ago in the wake of the collapse of another Korean liner, Hanjin Shipping, and the then partners of the ... read more
    splash247.com NewsPublished on 25.03.2020By Sam Chambers
  • China Merchants Financial Leasing orders ultramax pair for Wah Kwong charter
    China Merchants Bank Financial Leasing (CMBFL) has placed an order at Dalian COSCO KHI Ship Engineering (DACKS) for the construction of two ultramax bulk carriers. Shipbroking sources reported that the two 61,000 dwt tier 2 vessels are scheduled for delivery in 2021. Other terms of the contract were not disclosed. ... read more
    splash247.com NewsPublished on 25.03.2020By Jason Jiang
  • Two workers die at Imabari shipyard
    Two workers have died in a incident at an Imabari Shipbuilding yard in Japan yesterday. According to local reports, the two workers were found to have fallen into a cargo hold of a bulk carrier under construction at the yard. The shipyard called in an emergency medical rescue team but ... read more
    splash247.com NewsPublished on 25.03.2020By Jason Jiang
  • D’Amico to pilot RINA’s remote vessel inspection technology in response to coronavirus
    The Liberian Registry (LISCR) has approved the use of RINA’s remote technology for inspections of Liberian-flagged vessels, and Italian owner d’Amico will use the technology in a pilot case in an effort to tackle vessel inspection challenges brought by the spread of coronavirus. RINA reckons the development of remote ship inspection has ... read more
    splash247.com NewsPublished on 25.03.2020By Jason Jiang
  • Maersk Drilling drillship contract cut short by Tullow
    Maersk Drilling has received a notification from Tullow Ghana for the early termination for convenience of the contract for 2014-built drillship . The drillship has worked for Tullow offshore Ghana since February 2018, and was contracted through to February 2022. The rig is now expected to end the contract in ... read more
    splash247.com NewsPublished on 25.03.2020By Grant Rowles
  • Equinor cuts expenditure and exploration activity in $3bn action plan
    Norwegian state-run energy group Equinor has announced a $3bn action plan to strengthen the financial resilience of the company in a market impacted by coronavirus and low commodity prices. Under the plan, Equinor will reduce organic capex for 2020 by around 20% from $10-11bn to around $8.5bn, reduce operating costs ... read more
    splash247.com NewsPublished on 25.03.2020By Jason Jiang
  • PIL forced to defend its late payments again
    Pacific International Lines (PIL) has been forced once again today to insist its business can carry on despite further evidence of debts piling up. Box manufacturing subsidiary Singamas issued a release to the Hong Kong Stock Exchange on Sunday warning PIL owes it $147.7m, a majority of which is overdue. ... read more
    splash247.com NewsPublished on 24.03.2020By Sam Chambers
  • Shanghai issues guidance to allow Chinese crew shifts
    The Shanghai government has eased the crew change ban by releasing a new guidance for managing crew shift issues at Shanghai Port. Under the new guidance, shipping companies are required to report the past itinerary of ships that will berth at Shanghai Port and Chinese crew are allowed to go ... read more
    splash247.com NewsPublished on 24.03.2020By Jason Jiang
  • Bangladesh follows India and Pakistan in suspending all shipbreaking
    Bangladesh has followed Pakistan and India’s lead in issuing a two-week moratorium on all ships heading to the south Asian nation for shipbreaking purposes. Five ships have been asked to stay at the outer anchorage of the Bay of Bengal as part of a coronavirus alert. India and Pakistan have ... read more
    splash247.com NewsPublished on 24.03.2020By Sam Chambers
  • MOL’s Unix Line cops $1.65m fine in the US for concealing oily water discharges
    Singapore-based Unix Line, the primary shipmanagement arm of MOL Chemical Tankers, was fined $1.65m and placed on four months probation after pleading guilty last month in the US to a violation of the Act to Prevent Pollution from Ships. Unix Line admitted that its crewmembers onboard the 26,200 dwt tanker ... read more
    splash247.com NewsPublished on 24.03.2020By Grant Rowles
  • KKR-backed Marshall Wace becomes a major Euronav shareholder
    London-based alternative investment manager Marshall Wace has been revealed as a shareholder of Belgian tanker giant Euronav, having being announced as an major shareholder by crossing the 5% shareholder threshold. “Following the acquisition of voting securities or voting rights on 13 March 2020, Marshall Wace Ltd. now holds 5.09% of ... read more
    splash247.com NewsPublished on 24.03.2020By Grant Rowles
  • Vale confirms suspension of Malaysian transhipment hub
    Brazilian miner Vale has announced its decision to temporarily suspend operations at its Teluk Rubiah Maritime Terminal (TRMT) in Malaysia from March 24 until at least March 31 as the coronavirus continues to spread in the Southeast Asian country. Vale said it took this decision as it is temporarily unable ... read more
    splash247.com NewsPublished on 24.03.2020By Jason Jiang
  • Auerbach Shipping: Composure, reflection, action
    It’s been five years since Maritime CEO came calling at the Hamburg headquarters of Auerbach Schifffahrt. It has been a bumpy ride for sure, but the very Hanseatic founding principles of this multipurpose shipowner remain the same – composure, reflection, action. Founded in 2010 by former Ernst Russ executive Lucius ... read more
    splash247.com NewsPublished on 24.03.2020By Splash 24/7
  • Union Maritime enters gas sector with VLGC order at Hyundai Heavy
    UK-owner Union Maritime has placed an order at Hyundai Heavy Industries for the construction of two LPG-fuelled 91,000 cu m VLGCs, according to brokers. Allied Shipbroking is reporting that the contract includes a firm order for one vessel and options for another one. The price for the vessels is $79m ... read more
    splash247.com NewsPublished on 24.03.2020By Jason Jiang
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