• An outsider’s view of our neglect of seafarers
    In April Hubert Jaroni (pictured) will be running the London Marathon to raise funds for Sailors’ Society. Below this landlubber explains why he chose to run for this charity. My brother-in-law is your not so humble editor of this site and my window into an opaque industry that the more ... read more
    splash247.com NewsPublished on 19.02.2019By Splash 24/7
  • Stellar Daisy VDR recovered
    The voyage data recorder (VDR) of the sunken very large ore carrier has been located and recovered from deep down on the ocean floor of the south Atlantic. Relieved family members of the bereaved in both South Korea and the Philippines have reacted to the news released today by Korea’s ... read more
    splash247.com NewsPublished on 18.02.2019By Sam Chambers
  • China extends import restrictions on Australian coal
    Adding to dry bulk’s woes, China is believed to have imposed import restrictions for Australian coal to a number of key ports in the country’s northeast, in a move to shed domestic coal capacity and boost domestic coal prices. Last year, China imposed similar coal import restrictions at several ports ... read more
    splash247.com NewsPublished on 18.02.2019By Jason Jiang
  • Ruben Brothers offer for RBD Armatori sees fleet auction cancelled
    With an offer on the table from Ruben Brothers investment fund, the planned auction of RBD Armatori’s shipping assets has been cancelled by the local Court of Torre Annunziata, Naples. The fleet consisting of the 13 vessels (6 aframax tankers, 3 capesize and 4 post-panamax bulkers) together with charter contracts ... read more
    splash247.com NewsPublished on 18.02.2019By Nicola Capuzzo
  • Tanker owners risk being elbowed out of Korea’s top yards as huge LNG order hoves into view
    Tanker owners have been advised to get their orders in fast at South Korea’s blue chip yards before available slots dry up. In its latest weekly report brokers Gibson note that 2019 has already started out as a busy year in terms of tanker ordering activity with VLCCs and MRs ... read more
    splash247.com NewsPublished on 18.02.2019By Sam Chambers
  • Vale temporarily shuts down Malaysia distribution centre after fire
    A fire broke out at one transfer house at Brazilian miner Vale’s distribution centre in Malaysia on Friday, resulting in the temporary shutdown of the facility. Vale said the fire caused only material damages and operations are likely to resume in 10 to 15 days. “Vale expects reduced impact on ... read more
    splash247.com NewsPublished on 18.02.2019By Jason Jiang
  • SSY slashes dry bulk trade forecasts as uncertainties grow
    In response to recent developments shipbroker Simpson Spence Young (SSY) has lowered its dry bulk trade forecasts and now anticipates minimal year-on-year growth in the first half of this year. For 2019 as a whole, SSY Consultancy & Research expects seaborne dry bulk trade to expand 2%, the slowest rate ... read more
    splash247.com NewsPublished on 18.02.2019By Sam Chambers
  • Wait goes on for 2019’s first confirmed cape sale
    The wait for 2019’s first confirmed capesize sale continues, illustrative of the massive uncertainties facing the dry bulk sector so far this year. Broking reports out Friday had carried a cape sale, but Splash understands the news is premature. A couple of shipbroking houses reported that Sabanci Haci Densa Shipping ... read more
    splash247.com NewsPublished on 18.02.2019By Hans Thaulow
  • Cobelfret returns to dry bulk buying with Japanese post-panamax deal
    CLdN-Cobelfret has acquired 2011-built Imabari post-panamax vessel , according to broking sources. Seasure Shipbroking and Advanced Shipping & Trading are both reporting that Cobelfret has paid Japan’s Misuga Kaiun $17m for the vessel, which VesselsValue values at $19.49m and MSI values at $18.9m. According to VesselsValue, Cobelfret has a fleet ... read more
    splash247.com NewsPublished on 18.02.2019By Grant Rowles
  • MOL Chemical Tankers takes a 20% stake in Den Hartogh
    MOL Chemical Tankers, part of Japanese shipping major Mitsui OSK Lines, has acquired a 20% stake in Rotterdam-based Den Hartogh Holding in the latest expansionist move by the fast developing chemical transport specialist. The two companies intend to work together to shift chemicals in tank containers and onboard parcel chemical ... read more
    splash247.com NewsPublished on 18.02.2019By Sam Chambers
  • Sterile living conditions onboard make hospitals look attractive: Mission To Seafarers
    The Mission To Seafarers has hit out at today’s accommodation blocks, suggesting the sterile environment onboard ships nowadays make hospitals look attractive by comparison. The charity is running a series of articles at the moment based on findings from its regular Seafarers Happiness Index. In a recent post entitled Seafarers ... read more
    splash247.com NewsPublished on 18.02.2019By Sam Chambers
  • Stellar Daisy located
    The Stellar Daisy has been located six hundred and eighty-eight days after the giant VLOC sank in the south Atlantic, spurring hope to the families of the bereaved that investigations might finally be concluded into one of the most deadly bulker accidents in recent years. Twenty-two of the 24 crew ... read more
    splash247.com NewsPublished on 17.02.2019By Sam Chambers
  • Former Keppel procurement officer pleads guilty to long list of bribery charges
    A former senior procurement office at Singapore’s Keppel Shipyard pleaded guilty on Friday to 54 charges of corruption and money laundering after taking more than S$700,000 ($515,000) in bribes. Neo Kian Siong, 63, took the bribes over period of 14 years. Sentencing is expected on April 17. He remains out ... read more
    splash247.com NewsPublished on 17.02.2019By Sam Chambers
  • Yinson wins $578m FPSO contract from JX Nippon
    Malaysian FPSO operator has received a letter of award from JX Nippon to provide operation and maintenance services for an FPSO due to commence operations at the Layang field offshore Malaysia by the fourth quarter of 2019. The estimated value of the operation and maintenance contract, assuming the extension options ... read more
    splash247.com NewsPublished on 15.02.2019By Jason Jiang
  • Cosco ordering 16 newcastlemaxes for bauxite shipping project with Chalco
    Chinese state-run shipping giant Cosco is ordering up to 30 newcastlemax bulk carriers at domestic yards to support its long-term shipping project with Aluminum Corporation of China (Chalco), marking the largest ever bulker order placed by the company. Cosco secured a long-term shipping contract with Chalco last October for the ... read more
    splash247.com NewsPublished on 15.02.2019By Jason Jiang
  • Hanjin Heavy comes to an agreement with lenders in Manila
    Troubled Hanjin Heavy Industries & Construction (HHIC) from South Korea has reached an agreement on debt rescheduling for its Philippine affiliate, HHIC-Phil, Southeast Asia’s largest shipyard by area size. The debt rescheduling scheme, which includes a debt-for-equity swap with Philippine lenders, will be submitted to a court in the Philippines ... read more
    splash247.com NewsPublished on 15.02.2019By Sam Chambers
  • Chopped up Maersk Honam in transit
    Maersk has issued photos of the chopped up which is now bound from Dubai to be rebuilt at Hyundai Heavy Industries in South Korea. The giant 15,262 teu ship was hit by a severe fire in March last year in the Arabian Sea, which killed five crew. The sound part ... read more
    splash247.com NewsPublished on 15.02.2019By Sam Chambers
  • VLCCs predicted to be out of favour transporting fuel oil post-sulphur cap
    Fuel oil in the sulphur cap era will increasingly move away from VLCCs, according to the latest weekly report from Alphatanker, part of AXS Marine, while in the run up to the new legislation Singapore, the world’s top bunkering hub, is seeing less fuel oil being delivered from Europe. “The ... read more
    splash247.com NewsPublished on 15.02.2019By Sam Chambers
  • MSPL puts entire fleet of bulkers up for sale
    Indian iron ore miner MSPL, part of the Baldota Group, has put its entire fleet of bulkers up for sale. MSPL, via Singapore-based shipping arm MSPL Diamond, currently has four post-panamax Taizhou Sanfu-built sister vessels making up its fleet. In October 2018, Splash reported that Indus Fortune and Indus Prosperity ... read more
    splash247.com NewsPublished on 15.02.2019By Grant Rowles
  • Oldendorff orders bulker pair at CSSC Chengxi
    German dry bulk shipping operator Oldendorff has placed an order at CSSC Chengxi Shipyard for the construction of two 21,500 dwt self-unloading bulk carriers. The vessels, which will equipped with scrubbers to meet the upcoming IMO regulations, are expected to be delivered in 2020. Oldendorff is currently undergoing a major ... read more
    splash247.com NewsPublished on 15.02.2019By Jason Jiang
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