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ABB announced the launch of the AMXE Marine Motor, an electric propulsion solution engineered to withstand the tough conditions at sea, including continuous exposure to corrosive saltwater and powerful ocean currents. ABB has developed this…
https://www.marinelink.com/news/abb-launches-amxe-marine-motor-enhance-526412
https://www.marinelink.com/news/abb-launches-amxe-marine-motor-enhance-526412The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, rose to its highest in two months on Monday on higher capesize vessel rates. The main index, which monitors rates for capesize, panamax and supramax shipping vessels, edged 4 points higher, or 0.3%, to 1,422 – its highest ...
https://www.hellenicshippingnews.com/baltic-index-at-two-month-peak-on-higher-capesize-rates/
https://www.hellenicshippingnews.com/baltic-index-at-two-month-peak-on-higher-capesize-rates/Ship owners looking to gain a competitive advantage in trading their bulkers, could find such a case in a specific trade within the market. In its latest weekly report, shipbroker Intermodal said that “Guinea’s military government recent decision to revoke 51 mining licenses, for bauxite, gold, diamond, graphite, and iron, underscores a growing wave of ...
https://www.hellenicshippingnews.com/dry-bulk-shipping-a-niche-segment-is-outperforming-the-rest-of-bulk-trades/With the 60th anniversary of Nor-Shipping now underway, Norway’s most famous shipowner has used the occasion to voice his displeasure at what he sees as Oslo’s lack of interest in shipping. Norwegian-born shipping magnate John Fredriksen has sharply criticised Norway’s political climate for maritime business in an interview yesterday with Finansavisen, a leading Norwegian business …
Oslo-listed Wallenius Wilhelmsen has secured a renewed logistics contract with one of its long-standing strategic automotive original equipment manufacturer (OEM) partners. The new deal spans three years and is expected to generate about $100m in revenue. The company, which operates a fleet of about 125 vessels globally, emphasized that the deal reinforces a trusted relationship …
https://splash247.com/wallenius-wilhelmsen-locks-in-100m-contract-renewal/
https://splash247.com/wallenius-wilhelmsen-locks-in-100m-contract-renewal/John Fredriksen-backed Flex LNG has arranged a $175m lease financing for its 173,400 cu m Flex Courageous LNG carrier. The JOLCO refinancing deal will generate net proceeds of approximately $42m and extend debt maturity to 2035. The deal will also significantly reduce the cost of debt by around 1.5% per annum. The refinancing of the …
https://splash247.com/flex-lng-hammers-out-175m-refinancing-deal-for-lng-carrier/
https://splash247.com/flex-lng-hammers-out-175m-refinancing-deal-for-lng-carrier/Malaysian oilfield services company Bumi Armada and its joint venture partner Shapoorji Pallonji Energy (SP Energy) have won a contract from ONGC for the bareboat charter of the Armada Sterling II FPSO. The vessel will continue operating on ONGC’s Cluster 7 field about 210km off the west coast of Mumbai. The initial agreement between the …
https://splash247.com/bumi-armada-jv-nets-three-year-fpso-deal-in-india/
https://splash247.com/bumi-armada-jv-nets-three-year-fpso-deal-in-india/Norwegian gas shipowner Solvang and BlackRock’s Global Infrastructure Partners (GIP) have established a liquefied gas shipping joint venture. The new 50:50 joint venture will be named Solvang Gas Carriers. It will initially own Solvang’s fleet of 13 VLGCs designed to transport LPG and ammonia, and will pursue growth across LPG, ammonia, ethane, and CO2 shipping. …
https://splash247.com/solvang-and-blackrocks-gip-form-liquefied-gas-shipping-firm/
https://splash247.com/solvang-and-blackrocks-gip-form-liquefied-gas-shipping-firm/UK shipowner Union Maritime has launched a new lease financing programme, which will help accelerate the adoption of wind-assisted propulsion systems in the maritime sector. The new programme, named SeaBreeze, offers 100% financing, making sustainable technologies more accessible for shipowners aiming to meet evolving emissions targets. Under the programme, the company will partner with wind-assisted …
https://splash247.com/union-maritime-launches-financing-scheme-to-spur-wind-propulsion-use/
https://splash247.com/union-maritime-launches-financing-scheme-to-spur-wind-propulsion-use/Wallenius Wilhelmsen, the world’s largest RoRo vessel operator, has renewed logistics contract with one of its long-standing strategic automotive OEM customers.The revenues are estimated to be around $100 million over the contract period of three years.As part of the contract…
https://www.marinelink.com/news/wallenius-wilhelmsen-nets-m-logistics-526377
https://www.marinelink.com/news/wallenius-wilhelmsen-nets-m-logistics-526377