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Borr Drilling has entered into definitive agreements to acquire five premium jackup rigs from Paratus Energy subsidiary Fontis Finance for a purchase price of $287m. The acquisition will be completed through BC Ventures Limited, a newly established 50/50 joint venture between the subsidiaries of Borr Drilling and Proyectos Globales de Energía y Servicios CME, its …
https://splash247.com/borr-drilling-pens-deal-to-buy-five-jackup-rigs/
https://splash247.com/borr-drilling-pens-deal-to-buy-five-jackup-rigs/Rafael Muñoz Abad, a maritime analyst at the CISDE International Campus, writes for Splash today. In 1686, a certain Edward Lloyd—whom I imagine with a white beard and a navy wool coat with curved bone buttons—ran a coffeehouse on Tower Street, London, when he came up with the brilliant idea of publishing the status of …
https://splash247.com/hormuz-the-maritime-risk-premium-and-fear/
https://splash247.com/hormuz-the-maritime-risk-premium-and-fear/Japanese containerline Ocean Network Express (ONE) has completed a long-term partnership agreement with Dongwon Group by acquiring an indirect share in Dongwon Global Terminal Busan (DGT). The partnership comes at a time when Dongwon, South Korea’s largest fishing company, has repeatedly been tipped to be in the running to mount a takeover bid for HMM, …
https://splash247.com/one-buys-into-busan-terminal-owned-by-hmm-suitor/
https://splash247.com/one-buys-into-busan-terminal-owned-by-hmm-suitor/Having cornered the VLCC markets with the financial aid of Giuanluigi Aponte’s Mediterranean Shipping Co (MSC), Ga-Hyun Chung-led Sinokor is now turning its attention to the suexmax segment. Greek broker Xclusiv is reporting Sinokor has shelled out around $82m per unit for the three 10-year-old Korean-built suezmaxes, the first in what brokers believe will be …
https://splash247.com/acquisitive-sinokor-turns-its-attention-to-the-suezmax-segment/
https://splash247.com/acquisitive-sinokor-turns-its-attention-to-the-suezmax-segment/Marine insurance is taking a significant step toward data-driven underwriting with the launch of a new Lloyd’s-backed managing general agent (MGA) by Chaucer and maritime technology firm Ceto, replacing decades of reliance on static historical data with live vessel machinery and performance intelligence. The MGA will operate as a Lloyd’s Coverholder, with underwriting capacity provided …
https://splash247.com/chaucer-and-ceto-join-forces-at-lloyds/
https://splash247.com/chaucer-and-ceto-join-forces-at-lloyds/Fresh footage has emerged from the livestock carrier Spiridon II, shedding new light on conditions onboard after the vessel spent weeks stranded off Turkey with thousands of cattle. The 1973-built ship transported close to 3,000 animals from Uruguay in late 2025 on a voyage initially bound for Turkey. The journey lasted around four weeks, during …
https://splash247.com/new-footage-exposes-conditions-on-livestock-ship-stuck-for-weeks/
https://splash247.com/new-footage-exposes-conditions-on-livestock-ship-stuck-for-weeks/Russia is expanding its dark fleet beyond oil tankers into liquefied natural gas, with three 20-year-old LNG carriers recently sold to a newly formed company in Turkey and two subsequently reflagged to Sierra Leone – a registry that has become a flagging hub of choice for sanctioned Russian-linked tonnage, according to maritime intelligence firm Windward. …
https://splash247.com/russia-builds-lng-dark-fleet/
https://splash247.com/russia-builds-lng-dark-fleet/Two tankers bound for India sailed through the Strait of Hormuz on Monday, as U.S. President Donald Trump threatened to attack Iran’s power plants unless Tehran drops threats that have effectively closed the Gulf.Gulf nations including Saudi…
https://www.marinelink.com/news/two-indiabound-tankers-pass-strait-hormuz-537174
https://www.marinelink.com/news/two-indiabound-tankers-pass-strait-hormuz-537174Ship-refuelling companies along Africa's coast are seeing a surge in business as more vessels divert around the Cape of Good Hope, with war in the Middle East reshaping global shipping routes and boosting the continent's role as a bunkering…
https://www.marinelink.com/news/african-bunkering-hubs-gain-ships-reroute-537175
https://www.marinelink.com/news/african-bunkering-hubs-gain-ships-reroute-537175The United States and French energy major TotalEnergies said on Monday they would redirect nearly $1 billion from offshore wind leases to U.S. oil and natural gas production.The agreement marks a new strategy in the Trump administration's wide-ranging effort to stymie development of U.S.
https://www.marinelink.com/news/totalenergies-abandons-us-offshore-wind-537176
https://www.marinelink.com/news/totalenergies-abandons-us-offshore-wind-537176