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COSCO has moved ahead with a $360m sale-and-leaseback agreement involving one of the world’s largest LNG carriers, extending its ties with Japan’s Mitsui OSK Lines (MOL). COSCO Shipping Development, the financing arm of China’s state-controlled shipping giant, said its subsidiary Oriental Fleet is acquiring a 271,000 cu m QC-Max newbuilding from MOL’s unit. Delivery is …
https://splash247.com/cosco-seals-supersize-lng-carrier-leaseback-deal-with-mol/
https://splash247.com/cosco-seals-supersize-lng-carrier-leaseback-deal-with-mol/Shipping has not lost what Albrecht Grell describes as its “pragmatic scepticism”, but, says the managing director of OceanScore, this should be viewed as something that is healthy considering the limited resources in most shipping companies to toy around with immature solutions. “The change is that this scepticism is no longer leading to non-adoption,” Grell …
Himalaya Shipping is continuing its shift from index-linked earnings, converting two more newcastlemaxes to fixed-rate charters. The Tor Olav Troim-backed, Oslo-listed owner said the vessels will move onto fixed hire from October 1 until the end of the year. The two dual-fuel ships will earn an average of $38,700 per day, while also continuing to …
https://splash247.com/himalaya-switches-newcastlemax-brace-to-fixed-deals/
https://splash247.com/himalaya-switches-newcastlemax-brace-to-fixed-deals/South Korea’s HD Hyundai Heavy Industries has rolled out plans to merge with its affiliate HD Hyundai Mipo Dockyard by the end of the year, aiming to strengthen its position in the US naval and Arctic shipbuilding markets. The move comes after a Korea-US summit highlighted shipbuilding cooperation under the “Make American Shipbuilding Great Again” …
https://splash247.com/hd-hyundai-heavy-and-hyundai-mipo-to-merge/
https://splash247.com/hd-hyundai-heavy-and-hyundai-mipo-to-merge/Norwegian offshore vessel owner DOF has secured a long-term charter for the construction support vessel (CSV) Skandi Inventor in the Asia-Pacific region. The deal, signed with an unnamed international operator, runs for one year from January 2026 and includes extension options. DOF classifies the award as “substantial,” with an estimated value of between $25m and …
https://splash247.com/dof-scores-asia-pacific-vessel-deal/
https://splash247.com/dof-scores-asia-pacific-vessel-deal/American Bureau of Shipping (ABS) has issued classification to the Surveyor, a fully autonomous deepwater unmanned surface vehicle (USV), developed by Saildrone.At 20 meters long and capable of unmanned operations across all of the world’s oceans…
https://www.marinelink.com/news/abs-certifies-worlds-largest-classed-529355
https://www.marinelink.com/news/abs-certifies-worlds-largest-classed-529355Hanwha Group has announced a $5 billion infrastructure plan for Hanwha Philly Shipyard as part of South Korea’s commitment to supporting growth of the U.S. shipbuilding industry through a $150 billion investment fund.The $5 billion program will…
https://www.marinelink.com/news/hanwha-pledges-b-upgrade-philly-shipyards-529356
https://www.marinelink.com/news/hanwha-pledges-b-upgrade-philly-shipyards-529356International digital shipbuilder Incat Crowther has been selected by Port Houston in the United States to design a new, hybrid electric, tour vessel for the port’s Houston Ship Channel tours.Incat Crowther will partner with Louisiana-based shipbuilder Breaux Brothers on the project…
https://www.marinelink.com/news/port-hudson-selects-incat-crowther-design-529358
https://www.marinelink.com/news/port-hudson-selects-incat-crowther-design-529358Seatrium has secured a contract from Golar Hilli Corporation, a subsidiary of Golar LNG, to perform the upgrading of floating liquefied natural gas (FLNG) unit Hilli Episeyo.Scheduled to enter the yard in the third quarter of 2026, the project…
https://www.marinelink.com/news/seatrium-signs-flng-vessel-upgrade-deal-529360
https://www.marinelink.com/news/seatrium-signs-flng-vessel-upgrade-deal-529360Wärtsilä has been selected as the electrical integrator for a major battery extension project for the Wasaline ROPAX ferry "Aurora Botnia." The project will increase the ship’s battery capacity by 10.4 MWh, from 2.2 MWh to 12.6 MWh, making it…
https://www.marinelink.com/news/wrtsil-integrate-battery-extension-529370
https://www.marinelink.com/news/wrtsil-integrate-battery-extension-529370