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Turkey’s state oil company TPAO has bought two sister drillships from Norway’s Eldorado Drilling. The company bought the 2014-built West Draco and her sister 2015-built West Dorado drillships, and will look to use them in Libya and southern Turkey. The pair will join the four other TPAO drillships, Fatih, Yavuz, Kanuni and Abdulhamid Han. All …
https://splash247.com/turkeys-tpao-buys-drillship-pair-from-eldorado-drilling/
https://splash247.com/turkeys-tpao-buys-drillship-pair-from-eldorado-drilling/Abu Dhabi’s Al Seer Marine has bolstered its capital structure, securing a $207m financing facility from Abu Dhabi Commercial Bank (ADCB) to support diversified fleet growth and strategic investments. The ADX-listed subsidiary of the International Holding Company (IHC) said the eight-year loan is backed by first-priority mortgages on a selected group of operating vessels. The …
https://splash247.com/al-seer-marine-secures-207m-in-funding-to-spearhead-tanker-expansion/
https://splash247.com/al-seer-marine-secures-207m-in-funding-to-spearhead-tanker-expansion/Chinese bulker owner Fujian Highton Development is pressing ahead with its fleet expansion, earmarking $65m for fresh acquisitions in the secondhand market. The fast-growing Shanghai-listed company revealed in a stock exchange filing that it intends to deploy the capital to acquire additional bulk carriers, as it continues to scale up its owned tonnage. Founded in …
https://splash247.com/fujian-highton-readies-65m-for-bulker-fleet-expansion/
https://splash247.com/fujian-highton-readies-65m-for-bulker-fleet-expansion/Irene Rosberg, programme director of the Blue MBA at Copenhagen Business School, writes for Splash today. Leadership in the maritime industry is being tested like never before. While ships navigate increasingly complex trade routes and operational risks, the same must be demanded of those guiding the industry from the boardroom. Yet many of those boardrooms …
https://splash247.com/why-shipping-needs-a-new-breed-of-executive/
https://splash247.com/why-shipping-needs-a-new-breed-of-executive/While the Red Sea has roared back to the front pages of the shipping press this week, and the Black Sea remains blighted by war, one other chokepoint that has caused supply chain chaos in recent years has reported that it is operating at full capacity. The Panama Canal, which suffered severe drought for around …
https://splash247.com/panama-canal-rebounds-as-container-and-lpg-volumes-rise/
https://splash247.com/panama-canal-rebounds-as-container-and-lpg-volumes-rise/The global shipping industry has been rocked by two deadly attacks this week in the Red Sea, with Yemen’s Houthi rebels launching their most violent maritime campaign since early 2024, killing at least three seafarers, wounding others, and reportedly kidnapping crew. The bulk carrier Eternity C, owned by Greek interests and flagged in Liberia, was …
https://splash247.com/one-in-six-ships-flagged-as-potential-houthi-targets/
https://splash247.com/one-in-six-ships-flagged-as-potential-houthi-targets/China is slashing coal imports dramatically, forcing the world’s largest coal export port to contemplate a future beyond the black fossil fuel. This decline is largely driven, according to analysis by Greek broker Intermodal, by rising domestic coal output in China, elevated inventories, increased coal transportation via rail from Mongolia, and a growing trend for …
https://splash247.com/worlds-largest-coal-port-plots-post-coal-course-as-china-slashes-imports/
https://splash247.com/worlds-largest-coal-port-plots-post-coal-course-as-china-slashes-imports/A new informational video launched by Arctic Council’s Emergency Prevention, Preparedness and Response Working Group (EPPR) in collaboration with the Association of Arctic Expedition Cruise Operators (AECO) aims to improve passenger safety during…
https://www.marinelink.com/news/new-video-educates-passengers-evacuation-527800
https://www.marinelink.com/news/new-video-educates-passengers-evacuation-527800A dawn ceremony has been held in Auckland, New Zealand, to commemorate the 40th Anniversary of the bombing of the original Rainbow Warrior.On July 10, 1985, French Government agents used two bombs to sink the Rainbow Warrior at Marsden Wharf in Auckland Harbour.
https://www.marinelink.com/news/rainbow-warrior-remembered-years-bombing-527801
https://www.marinelink.com/news/rainbow-warrior-remembered-years-bombing-527801Everllence has announced the first order for its 175DF-M (dual-fuel methanol) engine for a superyacht currently under construction by an undisclosed European shipyard.Everllence’s scope of supply covers 2 × 12V175DF-M and 1 × 16V175DF-M variable-speed yacht gensets…
https://www.marinelink.com/news/first-order-everllence-d-dualfuel-527802
https://www.marinelink.com/news/first-order-everllence-d-dualfuel-527802