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Broker BRS has provided an update on one of the main shipping themes of 2024 – China’s strengthening grip on the world’s shipbuilding output. Splash has been reporting regularly on how Chinese yards are being expanded or reactivated as the nation takes on a record-long orderbook stretching deep into 2027. In terms of vessel delivery …
https://splash247.com/china-strengthens-grip-on-global-shipbuilding/
https://splash247.com/china-strengthens-grip-on-global-shipbuilding/There has been widespread international condemnation of a Russian missile strike on a Greek-operated bulk carrier off Romania this week, although security analysts are unsure whether this was a hit specifically aiming at a merchant ship or a misguided strike as part of a wider campaign against Ukrainian infrastructure in the region. Marking the first …
https://splash247.com/condemnation-rains-in-over-russian-strike-on-greek-bulker-in-the-black-sea/
https://splash247.com/condemnation-rains-in-over-russian-strike-on-greek-bulker-in-the-black-sea/October 1 looks increasingly like the date that will decide Q4 liner fortunes with the incredibly volatile spot markets in free-fall at present, and seemingly only a big American dockworker strike as the sole major event on the horizon to soak up tonnage and halt the slide. Having lost 8% the week before, Drewry’s World …
https://splash247.com/us-east-coast-in-focus-as-box-spot-rates-nosedive/
https://splash247.com/us-east-coast-in-focus-as-box-spot-rates-nosedive/Indian owner Great Eastern Shipping has made a deal to sell its 2005-built suezmax crude tanker Jag Lalit to an unaffiliated third party. The deal for the 158,344 dwt vessel was made on Friday and the delivery is expected to occur by the third quarter of the fiscal year 2025. Including Jag Lalit, the company’s …
https://splash247.com/great-eastern-shipping-gets-rid-of-19-year-old-suezmax/
https://splash247.com/great-eastern-shipping-gets-rid-of-19-year-old-suezmax/Italian energy services contractor Saipem has been awarded an extension for one of its rigs by oil and gas operator Aker BP. Aker BP gave an extension to the Scarabeo 8 semisub which is currently under contract with the company until the end of 2025. Initially, the rig won a three-year, $325m deal with Aker …
https://splash247.com/saipem-semisub-to-stay-with-aker-bp-for-one-more-year/
https://splash247.com/saipem-semisub-to-stay-with-aker-bp-for-one-more-year/RV Resilience, a new hybrid research vessel designed by Incat Crowther and built by Snow & Company in Seattle, has been delivered to the U.S. Department of Energy’s Pacific Northwest National Laboratory (PNNL).RV Resilience is the Department of Energy’s first hybrid electric-diesel research vessel.
https://www.marinelink.com/news/us-national-lab-takes-delivery-first-517034
https://www.marinelink.com/news/us-national-lab-takes-delivery-first-517034The Jefferson County Port Authority (JCPA) has finalized the purchase of approximately 18 acres along the Mississippi River in Herculaneum, Missouri, in a $20 million deal with Riverview Commerce Park, LLC (RCP). This acquisition marks the establishment…
https://www.marinelink.com/news/jefferson-county-port-authority-buys-land-517038
https://www.marinelink.com/news/jefferson-county-port-authority-buys-land-517038Galveston LNG Bunker Port (GLBP) announced a gas supply agreement (GSA) with Energy Transfer’s Houston Pipeline Company (HPL), in a new milestone for the development of the region’s first dedicated liquefied natural gas (LNG) bunker terminal.The…
https://www.marinelink.com/news/gas-supply-deal-signed-galveston-lng-517039
https://www.marinelink.com/news/gas-supply-deal-signed-galveston-lng-517039Italian Navy divers have recovered video surveillance equipment from the superyacht that sank off Sicily last month, killing British tech tycoon Mike Lynch and six other people, a source close to the matter said on Friday.The recovery of the…
https://www.marinelink.com/news/divers-recover-video-equipment-mike-517040
https://www.marinelink.com/news/divers-recover-video-equipment-mike-517040Fifteen crew members have been rescued from an offshore supply vessel (OSV) that went up in flames off the coast of South Africa.The fire reportedly broke out and grew out of control in the messroom aboard the Marshall Islands registered vessel AM Pride on Thursday…
https://www.marinelink.com/news/crew-rescued-osv-caught-fire-off-south-517041
https://www.marinelink.com/news/crew-rescued-osv-caught-fire-off-south-517041