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With the Hong Kong Convention entering into force, the global ship recycling industry is officially entering a new era. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships said that “June 26, 2025, marks a key regulatory moment in the ship recycling landscape, with the Hong Kong Convention (HKC) officially ...
https://www.hellenicshippingnews.com/ship-recycling-market-entering-a-new-era/
https://www.hellenicshippingnews.com/ship-recycling-market-entering-a-new-era/Greek shipowner Evangelos Marinakis, through his Capital Group, has placed a fresh order for four LNG carriers with South Korea’s HD Hyundai Samho Heavy Industries. The deal, worth around $1.03bn, involves 174,000 cu m newbuilds, priced at $257m each, with final delivery expected in the second half of 2028. The order is part of a …
https://splash247.com/marinakis-stacks-lng-carrier-orderbook-in-south-korea/
https://splash247.com/marinakis-stacks-lng-carrier-orderbook-in-south-korea/Oslo-listed seismic data specialist TGS has won a contract for offshore wind site characterisation, including acquisition, imaging, and interpretation services offshore Norway. The vessel Ramform Vanguard will start acquisition in early July, with a duration of approximately 25 days. The imaging and interpretation work will begin concurrently. Data acquisition and the final data delivery to …
https://splash247.com/tgs-bags-offshore-wind-site-characterisation-gig-off-norway/
https://splash247.com/tgs-bags-offshore-wind-site-characterisation-gig-off-norway/Singapore-based floater owner and operator Yinson Production has announced a successful placement of $1.168bn in senior secured notes issued by Yinson Bergenia Production, the owner of the FPSO Maria Quitéria. The FPSO is operating under a 22.5-year lease and operate contract with Petrobras in the Jubarte field, offshore Brazil. The unit is installed at a …
https://splash247.com/yinson-production-secures-1-17bn-refinancing-for-fpso-maria-quiteria/
https://splash247.com/yinson-production-secures-1-17bn-refinancing-for-fpso-maria-quiteria/Australia’s BHP Group has signed contracts with COSCO Shipping Bulk, a subsidiary of COSCO Shipping, for the charter of two ammonia dual-fueled Newcastlemax bulk carriers.The new vessels to be built under the arrangement will be two of only…
https://www.marinelink.com/news/bhp-signs-charter-contracts-cosco-two-527548
https://www.marinelink.com/news/bhp-signs-charter-contracts-cosco-two-527548Technology group Wärtsilä has signed a five-year lifecycle agreement with Greek liquefied natural gas (LNG) management company Alpha Gas for two of its LNG carriers.The agreement covers two LNG carriers which each have four Wärtsilä 34DF engines…
https://www.marinelink.com/news/wrtsil-optimize-ops-two-alpha-gas-527549
https://www.marinelink.com/news/wrtsil-optimize-ops-two-alpha-gas-527549RightBridge Ventures Group has announced a proposed reverse acquisition of Swemar, which has entered into an agreement to acquire an offshore oil service company with operations across the Middle East, India, and South-East Asia.The company…
https://www.marinelink.com/news/rightbridge-ventures-agrees-reverse-527550
https://www.marinelink.com/news/rightbridge-ventures-agrees-reverse-527550A towing incident has occurred on Saudi oil and gas drilling contractor ADES Holding’s jack-up barge Admarine 12, which capsized offshore Eqypt, killing four people, while three remain missing.The incident occurred on Tuesday, July 1, while…
https://www.marinelink.com/news/ades-jackup-barge-capsizes-off-egypt-527552
https://www.marinelink.com/news/ades-jackup-barge-capsizes-off-egypt-527552Researchers in South Korea at the Korea Institute of Machinery and Materials (KIMM) have reportedly developed a hull-attached sensor-based system for predicting underwater radiated noise (URN), a key factor in naval stealth operations.KIMM Develops…
https://www.marinelink.com/news/kimm-cracks-code-underwater-radiated-527555
https://www.marinelink.com/news/kimm-cracks-code-underwater-radiated-527555International tugboat operator Svitzer has taken delivery of its first fully electric tug, built by Turksih shipbuilder Sanmar Shipyars..The SANMAR ElectRA 2500SX is based on a design from Canadian naval architects Robert Allan Ltd.The new tug has an overall length of 25.4 m…
https://www.marinelink.com/news/svitzer-takes-delivery-sanmarbuilt-fully-527559
https://www.marinelink.com/news/svitzer-takes-delivery-sanmarbuilt-fully-527559