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US offshore player the Chouest Group has taken its first step into the decommissioning space, acquiring Gulf of America contractor Champagne Energy Solutions (CES). The Louisiana-based group said the deal marks the start of a wider push into plug and abandonment (P&A) and offshore removal work, with more acquisitions expected as it builds out a …
https://splash247.com/chouest-makes-first-decommissioning-move-with-ces-buy/
https://splash247.com/chouest-makes-first-decommissioning-move-with-ces-buy/Oslo-listed dry bulk owner Jinhui Shipping and Transportation has offloaded another ultramax, marking its second sale in March as it continues to streamline its fleet. The Hong Kong-based owner has agreed to sell the 2014-built Jin Rui to Huaya Maritime Corporation for $24m, with delivery scheduled between July 15 and August 17. The 63,435 dwt …
https://splash247.com/fleet-trim-continues-at-jinhui/
https://splash247.com/fleet-trim-continues-at-jinhui/APM Terminals has moved from development partner to shareholder at the Hateco Hai Phong International Container Terminal (HHIT), taking a 49% stake and stepping in as operating partner alongside Vietnam’s Hateco Group. The deal follows three years of joint work bringing the greenfield project to life. The terminal is now up and running and handling …
https://splash247.com/apm-terminals-takes-stake-in-northern-vietnam-deepwater-port/
https://splash247.com/apm-terminals-takes-stake-in-northern-vietnam-deepwater-port/Singapore-based gas owner Purus has moved to expand its LNG carrier orderbook, exercising an option for another newbuild at Samsung Heavy Industries (SHI). The South Korean yard disclosed the contract at a price of KRW 377.9bn $252m), with delivery scheduled for the second quarter of 2029. While SHI did not name the buyer, shipbroking sources …
https://splash247.com/purus-adds-to-samsung-heavy-lng-series/
https://splash247.com/purus-adds-to-samsung-heavy-lng-series/The takeover tussle between dry bulk players Diana Shipping and Genco Shipping & Trading is escalating, with the Greek owner hitting back after its sweetened bid was rejected for a second time. Diana, which already holds close to 15% of Genco, said the US-listed bulker owner had dismissed its $23.50-per-share all-cash offer without meaningful engagement, …
https://splash247.com/dry-bulk-takeover-battle-heats-up-between-diana-and-genco/
https://splash247.com/dry-bulk-takeover-battle-heats-up-between-diana-and-genco/Tor Olav Trøim-backed tanker newcomer Bruton has moved to expand its VLCC orderbook, contracting four newbuildings at China’s Yantai CIMC Raffles. The Oslo-listed company said each vessel will be built for delivery into a Bruton subsidiary, with handovers scheduled between January and July 2028. The ships will follow the MARIC 319,000 dwt design and come …
https://splash247.com/bruton-bolsters-vlcc-pipeline-with-four-ship-order-at-cimc-raffles/
https://splash247.com/bruton-bolsters-vlcc-pipeline-with-four-ship-order-at-cimc-raffles/John Fredriksen’s private investment arm, Seatankers Management, has re-entered the large bulk carrier newbuild market with an order for up to eight newcastlemax vessels at China’s Panjin Dajin Offshore. Shipbuilding sources say the Cyprus-based outfit has signed firm contracts for four 210,000 dwt units, with options attached for a further four. Deliveries for the firm …
https://splash247.com/fredriksen-back-in-dry-bulk-newbuilds-with-up-to-eight-newcastlemaxes/
https://splash247.com/fredriksen-back-in-dry-bulk-newbuilds-with-up-to-eight-newcastlemaxes/In a maritime market increasingly defined by volatility, from war in the Middle East and the resulting whiplash freight and energy rates, William Doyle chose a moment of celebration in New Orleans to deliver a message grounded in something far…
https://www.marinelink.com/news/dcas-doyle-delivers-vigorous-jones-act-537140
https://www.marinelink.com/news/dcas-doyle-delivers-vigorous-jones-act-537140Iran said on Sunday it would strike the energy and water systems of its Gulf neighbours in retaliation if U.S. President Donald Trump follows through with a threat to hit Iran's electricity grid in 48 hours, escalating the three-week-old war.The…
https://www.marinelink.com/news/iran-trades-threats-trump-537141
https://www.marinelink.com/news/iran-trades-threats-trump-537141Europe’s utilities and traders are preparing to step up seaborne thermal coal purchases as the Middle East conflict adds volatility to gas markets and revives the economics of gas-to-coal switching ahead of summer demand, market participants said. The pickup is expected first in spot restocking into Northwest Europe, with some market participants warning the impact ...
https://www.hellenicshippingnews.com/european-thermal-coal-imports-may-rise-as-middle-east-war-jolts-gas-supply-outlook/