SRTS News

  • Australia bans Taiwanese bulker for underpaying crew
    The Australian Maritime Safety Authority (AMSA) has banned the 2008-built 28,300 dwt handy bulk carrier for deliberately underpaying its crew by more than AUD$118,000 ($86,368). AMSA boarded the vessel at Mourilyan in Queensland last week to investigate allegations about the underpayment and collected evidence that proved a number of ... read more
    splash247.com NewsPublished on 18.09.2020By Jason Jiang
  • CMB debuts latest hydrogen-powered engine
    Yesterday Belgian shipping giant CMB debuted its first hydrogen-powered engine, created in a joint venture called BeHydro with ABC Engines. The one megawatt dual-fuel machinery is the next step in CMB’s pursuit of being a hydrogen leader in shipping. The engine design can be scaled up to 10 megwatts. ... read more
    splash247.com NewsPublished on 18.09.2020By Sam Chambers
  • Solstad CSV given early termination by Saipem
    Solstad Offshore has received a notice of early termination from Saipem Portugal for the charter of 2016-built construction support vessel . The original charter, which commenced in 2016 upon delivery of the vessel, was for eight years although the contract included early termination provisions. The early termination will see ... read more
    splash247.com NewsPublished on 18.09.2020By Grant Rowles
  • 2020 Bulkers secures newcastlemax extension from Glencore
    Tor Olav Troim’s 2020 Bulkers has sealed an extension with Glencore’s ST Shipping for its 2019-built newcastlemax . The charter of the vessel will be extended for a period of six to eight months from October 4. Under the latest contract, the vessel will earn a fixed rate of ... read more
    splash247.com NewsPublished on 18.09.2020By Jason Jiang
  • Eastern Pacific unveils more comfortable living quarters for its crew
    With many crews now at sea for more than a year thanks to coronavirus travel restrictions and the sterile environment of most accommodation blocks adding to declining mental wellbeing one shipowner has decided to buck the trend and actually invest to make its living quarters at sea more bearable. ... read more
    splash247.com NewsPublished on 18.09.2020By Jason Jiang
  • DOF Subsea secures African field support contract
    Norway’s DOF Subsea has been awarded an integrated field support vessel (FSV) contract with an international oil company in Angola. The project will utilise 2008-built OSCV for a minimum of 303 vessel days, with an option available for a further 365 days. If required, the contract includes the potential ... read more
    splash247.com NewsPublished on 17.09.2020By Grant Rowles
  • GC Rieber icebreaker charter extended
    GC Rieber Shipping has been awarded a two-year extension for the customised heavy icebreaker . The extension commences in September 2021, at the end of the vessel’s current 15-year charter, and is for a period of two years. The vessel, which is co-owned 50-50 with Maas Capital, is operating ... read more
    splash247.com NewsPublished on 17.09.2020By Grant Rowles
  • Cosco secures module transport contract from MODEC
    Cosco Shipping has entered into a new contract with MODEC Offshore Production Systems for the transport of FPSO modules. Under the contract, Cosco will transport a total of 17 modules for MODEC FPSO Almirante Barroso MV32. The heaviest module is around 3,000 ton. The shipping project will commence in January ... read more
    splash247.com NewsPublished on 17.09.2020By Jason Jiang
  • Maersk restructuring to affect one third of its staff
    A huge restructuring at Maersk will affect one third of of the Danish conglomerate’s staff as it moves to integrate subsidiaries into the core organisation. Maersk recently announced plans to phase out its Damco and Safmarine brands while aligning many global functions of Hamburg Sud into the Maersk organisation. ... read more
    splash247.com NewsPublished on 17.09.2020By Sam Chambers
  • Newbuild VLCCs commanding ‘hefty’ $10,000 premium
    The scarcity of newbuild tankers this year combined with a widely predicted growing demand for floating oil storage is seeing rates flipped around. Just 27 new VLCCs have been delivered this year with another 17 slated to hit the water before the end of the year, contrasting significantly with ... read more
    splash247.com NewsPublished on 17.09.2020By Sam Chambers
  • Sri Lanka to prosecute captain of burnt VLCC
    Sri Lanka will seek at least RS340m ($1.9m) from the owner of the stricken VLCC for assistance given to the vessel since it caught fire on September 3, the coordinating officer to the country’s attorney general said. Further bills are likely to be added in the coming weeks. The ... read more
    splash247.com NewsPublished on 17.09.2020By Sam Chambers
  • Liners bow to Beijing’s intervention and ease pricing on the transpacific as America issues warning
    Major containership lines have adjusted their pricing on the transpacific after Chinese transport authorities intervened to curb the surging rates on the tradelane with American officials also warning they’re ready to step in. The actions by the liners follow in the wake of the Ministry of Transport holding a ... read more
    splash247.com NewsPublished on 17.09.2020By Jason Jiang
  • Monaco’s Arminter linked with dry bulk return
    Monaco-based Arminter is preparing a comeback to the dry bulk arena. Sources tell Splash that the company, headed by Eugenio Tuillier and his son Gianluca, is acquiring the 2010-built kamsarmax bulker from Nippon Yusen Kaisha (NYK) for $12.75m. Arminter is defined on its website as a company offering a ... read more
    splash247.com NewsPublished on 17.09.2020By Nicola Capuzzo
  • Weekly Broker: Activity across the board
    The S&P market has experienced a fruitful week across all sectors with substantial volumes of vessels changing hands. “With regards to the dry sector, SnP activity is likely to remain robust in the near future if the assumption that rates will remain at relatively healthy levels is undertaken. A ... read more
    splash247.com NewsPublished on 17.09.2020By Jason Jiang
  • Diana Shipping offloads another panamax
    Greek dry bulk owner Diana Shipping continues its sell-off of older panamax bulkers in its fleet. The company has sold the 2006-built to an unnamed buyer for $7.1m. The price is slightly lower than the $7.43m valuation placed on the vessel by VesselsValue. Delivery is scheduled for before January ... read more
    splash247.com NewsPublished on 17.09.2020By Grant Rowles
  • Vroon sends three PSVs for recycling
    Dutch shipowner Vroon’s offshore arm Vroon Offshore Services has disposed of three platform supply vessels as part of a “right-sizing” of its PSV fleet. VOS Power, VOS Producer and VOS Prominence, built between 2006 and 2007, joined Vroon on delivery from the shipyard and have mainly been engaged in ... read more
    splash247.com NewsPublished on 17.09.2020By Grant Rowles
  • Siem Offshore awarded extensions for anchor handler trio in Oz
    Norway’s Siem Offshore has sealed extensions for three of its large anchor handling tug supply vessels operating in Australia. The extension secure work for the three vessels through to October 2021, with further options to extend until the end of 2022. Originally, the vessels were contracted by an unnamed ... read more
    splash247.com NewsPublished on 17.09.2020By Grant Rowles
  • DP World in historic bid to run a port in Israel
    The remarkable thawing of ties between some Middle Eastern nations and Israel has led to an unexpected port development with a Dubai terminal operator closing in on a deal to buy into the port of Haifa. President Donald Trump welcomed leaders from the United Arab Emirates and Bahrain to ... read more
    splash247.com NewsPublished on 16.09.2020By Sam Chambers
  • European Parliament votes in favour of stricter green measures for shipping
    The European Parliament voted yesterday in favour of including greenhouse gas emissions from shipping in the European Union’s carbon market from 2022, potentially one of the biggest rule changes to hit the industry for years. EU politicians said the bloc’s carbon market should be expanded to include emissions from ... read more
    splash247.com NewsPublished on 16.09.2020By Sam Chambers
  • Wilhelmsen buys into offshore wind vessel firm Edda Wind
    Norway’s Wilhelmsen has sailed into the offshore wind sector with the acquisition of a 25% stake of Østensjø’s offshore wind company, Edda Wind. Edda Wind, formed in 2018, owns and operates service operation vessels supporting offshore wind farm construction and maintenance. It currently has two vessels on the water ... read more
    splash247.com NewsPublished on 16.09.2020By Grant Rowles
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