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Two high-profile names from opposite sides of the world — Asian shipping tycoon Chavalit Frederick Tsao and Norwegian impact investor Tharald Nustad — have teamed up to create a new ocean impact vehicle aimed squarely at Asia. The pair yesterday unveiled the Asia Ocean Fund, a $75m investment initiative co-managed by Tsao’s Octave Capital and …
https://splash247.com/tsao-and-nustad-launch-75m-asia-ocean-fund/
https://splash247.com/tsao-and-nustad-launch-75m-asia-ocean-fund/South Korea’s HD Hyundai Heavy Industries has confirmed it is in talks with multiple firms to buy a US shipyard, a move aimed at tapping into Washington’s resurgent naval build-up under president Donald Trump. A senior HD Hyundai executive told Reuters in Ulsan that the Korean conglomerate has set a target of $2.2bn in annual …
https://splash247.com/hd-hyundai-eyes-us-yard-in-bid-to-cash-in-on-trumps-shipbuilding-revival/
https://splash247.com/hd-hyundai-eyes-us-yard-in-bid-to-cash-in-on-trumps-shipbuilding-revival/Lockton, the world’s largest independent insurance broker, has released a report highlighting mounting financial pressures on the International Group of P&I Clubs despite modest premium increases. The report also highlights the crisis of suicides at sea. The 2024/25 policy year saw the clubs report a collective underwriting loss of $312m, reversing two years of surpluses …
https://splash247.com/pi-claims-hit-a-ten-year-peak/
https://splash247.com/pi-claims-hit-a-ten-year-peak/The hundreds of events across the British capital that made up London International Shipping Week have served as a sounding board over the past few days for backers and opponents of the International Maritime Organization’s Net Zero Framework, due for a vote next month. The debate dominated headlines and dialogue in London, with adoption of …
https://splash247.com/splash-wrap-net-zero-dogfight-erupts-in-london/
https://splash247.com/splash-wrap-net-zero-dogfight-erupts-in-london/Some of the biggest names in world shipping are rallying against the International Maritime Organization’s (IMO) flagship Net-Zero Framework (NZF), just weeks before it comes up for adoption in October. John Fredriksen’s Frontline, George Economou’s TMS Group, Evangelos Marinakis’s Capital Maritime & Trading, the Angelicoussis Group, and Saudi giant Bahri are among a powerful group …
Mia Elg, R&D Manager at Deltamarin, says there’s not many of the company’s new designs, no matter what the vessel type is, that don’t include batteries.Installing smaller battery capacity to a diesel engine driven vessel with electrical power train can enable spinning reserve.
https://www.marinelink.com/news/batteries-looking-beyond-spinning-reserve-530202
https://www.marinelink.com/news/batteries-looking-beyond-spinning-reserve-530202Belgium-based offshore installation services company DEME has ordered a new Offshore Construction Vessel (OCV), which will be built by PaxOcean at the Zhoushan shipyard in China.The new OCV will strengthen DEME’s subsea cable installation capacity…
https://www.marinelink.com/news/deme-orders-new-offshore-construction-530208
https://www.marinelink.com/news/deme-orders-new-offshore-construction-530208Exmar has signed contracts with Regasificadora Del Pacífico (RDP) for the deployment of a floating storage unit (FSU) on the west coast of Colombia.RDP is developing a fast-track LNG import solution in the inner bay of Buenaventura, under a…
https://www.marinelink.com/news/exmar-signs-fsu-deal-colombias-lng-import-530209
https://www.marinelink.com/news/exmar-signs-fsu-deal-colombias-lng-import-530209Mitsui O.S.K. Lines (MOL) has completed the biofuel bunkering operation for its capesize bulk carrier Lambert Maru in Singapore, with the vessel now underway on its first biofuel-powered voyage carrying cargo for Anglo American.The 292-meter-long Lambert Maru…
https://www.marinelink.com/news/mols-capesize-bulker-starts-first-530210
https://www.marinelink.com/news/mols-capesize-bulker-starts-first-530210Babcock has signed a memorandum of understanding (MoU) with BAE Systems Bofors to offer a comprehensive package of support for the Royal Navy’s Type 31 Inspiration Class frigates multi-purpose Bofors guns.Babcock and BAE Systems Bofors will…
https://www.marinelink.com/news/babcock-bae-systems-bofors-jointly-530213
https://www.marinelink.com/news/babcock-bae-systems-bofors-jointly-530213