Access cargoes, ship positions, ships and parts for sale, news, events and jobs
Lila Global has nailed the tanker cycle, with its latest VLCC play delivering a striking asset value uplift in just a few months. In November, Splash reported that COSCO was offloading the Japanese-built, scrubber-fitted Cosgrand Lake (299,000 dwt, 2006) at a steep discount, linking the sale to GMS at around $35m. The sale raised eyebrows, coming well …
https://splash247.com/lila-globals-vlcc-bet-pays-off-with-55-asset-value-surge-in-months/
https://splash247.com/lila-globals-vlcc-bet-pays-off-with-55-asset-value-surge-in-months/Wolfgang Lehmacher ponders whether Middle East multimodal shift inland is permanent. The day AIS tracks over the Strait of Hormuz reduced to a trickle, the desert lit up. Trucks rolled out of Salalah and Sohar, trains assembled in Saudi yards, and boxes previously bound for Jebel Ali were rerouted through Jeddah, Omani ports, and inland …
https://splash247.com/who-controls-the-gulfs-landbridges/
https://splash247.com/who-controls-the-gulfs-landbridges/Malaysian offshore vessel owner Keyfield International has signed a contract with Fujian Mawei Shipbuilding and Fujian Funing Shipbuilding for the construction of a new dynamic DP2 anchor handling tug supply vessel. The contract was signed through Keyfield’s wholly owned subsidiary Keyfield Resolute. The deal for the diesel-electric engine is $18m (RM72.5m). The company stated that …
https://splash247.com/keyfield-international-taps-chinese-yards-for-new-ahts/
https://splash247.com/keyfield-international-taps-chinese-yards-for-new-ahts/Malaysian offshore services player Tanjung Offshore, part of T7 Global, has won a one-year work order from the subsidiary of Petronas Carigali, Vestigo Petroleum. In a Bursa Malaysia filing, the company said the contract is for the disconnection and transportation of the FPSO Berantai from its offshore field. It will also tow the vessel to …
https://splash247.com/tanjung-offshore-wins-fpso-tow-and-reconnection-job/
https://splash247.com/tanjung-offshore-wins-fpso-tow-and-reconnection-job/Offshore driller Ventura Offshore has been awarded contract extensions for two of its rigs operating offshore Brazil. The 2009-built SSV Victoria semisub was awarded a 1,455-day firm extension of the rig’s current contract, with a unilateral termination option by Brazilian state-owned giant Petrobras from the 910th day of the extension period, during which it will …
https://splash247.com/ventura-offshore-secures-brazil-rig-extensions-with-petrobras/
https://splash247.com/ventura-offshore-secures-brazil-rig-extensions-with-petrobras/Across the maritime sector, a workforce crisis is quietly building — and the industry’s reliance on outdated systems is running out of time, writes Gary Glover, the founder of CrewDex. Ask any crewing manager how they track crew certification expiry and the answer is usually some version of the same thing: a spreadsheet, a calendar …
https://splash247.com/crew-management-is-hitting-a-breaking-point/
https://splash247.com/crew-management-is-hitting-a-breaking-point/Somalia has officially registered its first vessel under the national flag since the collapse of the country’s central government in 1991, marking what officials describe as a historic step toward restoring maritime sovereignty over the longest coastline in mainland Africa. The vessel, named Guney, was formally registered under the Somali flag following completion of all …
The insurance company that paid out $350m to Maryland following the collapse of Baltimore’s Francis Scott Key Bridge has reached a settlement of the same amount with the owner and operator of the container ship Dali, in one of the first deals to be struck ahead of a landmark civil trial set to begin June …
https://splash247.com/key-bridge-insurer-settles-with-dali-owners-for-350m/
https://splash247.com/key-bridge-insurer-settles-with-dali-owners-for-350m/The world’s largest asset management company BlackRock has become a significant shareholder in Samsung Heavy Industries, acquiring a 5.01% stake in the South Korean shipbuilder in a move that signals strong institutional confidence in the longevity of the current newbuilding supercycle. Samsung Heavy has secured $3.1bn in orders so far this year across 16 vessels, …
Athens-based Erasmus Shipinvest Group is building out its container ship exposure with a fresh order in China. The John Su-led owner has signed for two firm 1,800 teu feeder container vessels at CSSC Guangzhou Huangpu Wenchong, with options for two more units. The deal was formalised at a signing ceremony involving the yard and China …
https://splash247.com/erasmus-taps-huangpu-wenchong-for-boxship-newbuilds/
https://splash247.com/erasmus-taps-huangpu-wenchong-for-boxship-newbuilds/