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Norwegian offshore vessel owner DOF has won three service contracts with Petrobras and several short-term vessel deals in Brazil. The contracts, awarded by Petrobras following a competitive tender, are for the execution of subsea inspections as part of Petrobras’ subsea inspection program. This is the third consecutive time such deals have been secured by DOF …
https://splash247.com/dof-lands-390m-in-petrobras-contracts-adds-short-term-vessel-deals/
https://splash247.com/dof-lands-390m-in-petrobras-contracts-adds-short-term-vessel-deals/Bahri Chemicals has signed its first contract of affreightment (COA) with Luberef, the kingdom’s sole producer of virgin base oils, in a deal that underscores Saudi Arabia’s push to strengthen domestic supply chains under the Saudi Inc. initiative. The agreement will see Bahri Chemicals, a subsidiary of national shipping giant Bahri, move base oil cargoes …
https://splash247.com/bahri-chemicals-inks-first-coa-with-luberef-to-boost-saudi-base-oil-exports/
https://splash247.com/bahri-chemicals-inks-first-coa-with-luberef-to-boost-saudi-base-oil-exports/Samsung Heavy Industries has successfully completed a transpacific voyage using its in-house developed autonomous navigation system, underscoring the growing race among Korean shipyards to lead in AI-driven shipping technology. The Samsung Autonomous Ship (SAS) system was fitted to Evergreen Marine’s 15,000 teu containership, which sailed from Oakland to Kaohsiung between August 25 and September 6. …
https://splash247.com/samsung-heavy-completes-transpacific-trial-of-ai-powered-navigation-system/
https://splash247.com/samsung-heavy-completes-transpacific-trial-of-ai-powered-navigation-system/China has gained another foothold in one of shipbuilding’s toughest segments with Dalian Shipbuilding Industry Co (DSIC) delivering its first LNG carrier, the Sea Spirit, to China Merchants Energy Shipping. The 175,000 cu m vessel was handed over in Dalian earlier this week, marking the yard’s entry into a sector long dominated by South Korea’s …
https://splash247.com/another-yard-joins-lng-elite-as-dsic-delivers-sea-spirit/
https://splash247.com/another-yard-joins-lng-elite-as-dsic-delivers-sea-spirit/Chinese automotive giant Geely Holding has expanded its green drive into shipping with the launch of the Yuanchun 001, billed as the world’s first methanol-hydrogen electric multi-purpose riverboat. Unveiled in Hangzhou, the 64 teu vessel is the latest step in Geely’s two-decade push into methanol technology, marking the company’s first full-scale maritime application. The Yuanchun …
https://splash247.com/geely-floats-worlds-first-methanol-hydrogen-electric-riverboat/
https://splash247.com/geely-floats-worlds-first-methanol-hydrogen-electric-riverboat/Several significant trends and forecasts led Splash coverage this week, from substantial expansion of container handling capacity to warnings that the overall global shipping environment is entering a period of fragile growth marked by geopolitical uncertainty, rising environmental compliance costs, and challenges like port congestion and the need for digital security. The United Nations Conference …
A new report from the Global Maritime Forum and All Aboard Alliance lays bare the invisible barriers that keep shipping’s leadership ranks homogeneous — and warns that industry growth may be stunted if it can’t tap its full diversity. The Diversifying Maritime Leadership survey — built on 108 in-depth interviews across sea and shore roles …
https://splash247.com/68-of-women-in-maritime-say-theyve-faced-bias/
https://splash247.com/68-of-women-in-maritime-say-theyve-faced-bias/Container freight rates are sliding further, with Drewry’s World Container Index (WCI) dropping 8% this week to $1,761 per feu — the fifteenth consecutive weekly decline. The fall is being felt across key trade lanes, with carriers struggling to hold the line despite capacity cuts. Spot rates from Shanghai to Los Angeles fell 10% to …
https://splash247.com/box-rates-rates-sink-to-lowest-levels-since-red-sea-crisis/
https://splash247.com/box-rates-rates-sink-to-lowest-levels-since-red-sea-crisis/Global shipping companies are moving full steam ahead with commercial vessel orders from Chinese shipyards, despite the U.S. targeting those ships with port fees aimed at countering China's maritime dominance, a new report from the Center for…
https://www.marinelink.com/news/chinese-shipyard-orders-strong-despite-us-530448
https://www.marinelink.com/news/chinese-shipyard-orders-strong-despite-us-530448The ocean takes center stage on World Maritime Day 2025, as the IMO celebrates how the industry is stepping up action to protect the ocean.This year’s World Maritime Day, observed globally on 25 September, focuses on the sector’s impact on the marine environment…
https://www.marinelink.com/news/world-maritime-day-focuses-marine-530449
https://www.marinelink.com/news/world-maritime-day-focuses-marine-530449