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Brazilian offshore driller Constellation Oil Services has renegotiated three rig contracts with compatriot oil and gas giant Petrobras. The amendments add nearly 10 years of contract extensions for Brava Star, Gold Star, and Alpha Star, strengthening long-term fleet utilisation and cash generation. The amendments resulted in approximately $1.1bn of additional backlog, increasing the company´s backlog …
https://splash247.com/constellation-oil-services-lands-petrobras-extensions-worth-1-1bn/
https://splash247.com/constellation-oil-services-lands-petrobras-extensions-worth-1-1bn/More frequent and severe weather events are placing growing strain on port infrastructure. Due to their role in facilitating global trade and economic health, disruption at a single gateway can quickly reverberate across international trade and supply networks, meaning ports cannot respond in isolation. Coordinated action between port authorities, governments and the private sector is …
https://splash247.com/why-port-climate-resilience-requires-collaboration/
https://splash247.com/why-port-climate-resilience-requires-collaboration/Nasdaq-listed Greek bulker owner Icon Energy has secured fresh employment for its ultramax, locking the vessel into an index-linked deal stretching into 2027. The Ismini Panagiotidi-led company said it agreed in March to charter out the 2020-built, 63,668 dwt scrubber-fitted Charlie to a dry bulk operator for 16 to 20 months. The new charter is …
https://splash247.com/icon-energy-fixes-ultramax-for-up-to-20-months-on-index-linked-deal/
https://splash247.com/icon-energy-fixes-ultramax-for-up-to-20-months-on-index-linked-deal/Australia’s Thompson Shipping Group has expanded its dry bulk fleet with the purchase of a Japanese-built handysize vessel. The ship, a 35,947 dwt unit, will be renamed TSL Lusaha and join the fleet of the group’s shipowning arm, Thompson Shipping Lines. No price or seller has been disclosed, but the move adds another modern unit …
https://splash247.com/australian-owner-thompson-expands-dry-bulk-arm-with-handysize-buy/
https://splash247.com/australian-owner-thompson-expands-dry-bulk-arm-with-handysize-buy/Greece’s Delia group is being linked to a fresh tanker order in Asia, with brokers pointing to a deal for two LR2 newbuilds at HD Hyundai’s Philippines yard. The Vellis family-backed owner is said to have contracted a pair of 115,000 dwt product carriers at around $76m each, with deliveries lined up for 2028 and …
https://splash247.com/vellis-family-tips-in-for-pair-of-lr2s-at-hyundai-philippines/
https://splash247.com/vellis-family-tips-in-for-pair-of-lr2s-at-hyundai-philippines/JP Morgan’s shipping arm is being linked to another newbuilding deal in South Korea, this time in the very large gas carrier segment. Samsung Heavy Industries this week disclosed a contract for two VLGCs worth about $226m, with deliveries running through May 2029 for an undisclosed Bermuda-based owner. Shipbrokers say the order points to Global …
https://splash247.com/jp-morgan-interests-circle-new-vlgc-pair-at-samsung-yard/
https://splash247.com/jp-morgan-interests-circle-new-vlgc-pair-at-samsung-yard/Tommaso Franco, a geopolitical analyst at the Swiss Institute for Global Affairs, discusses the Andaman Sea’s ghost fleet where deliberate invisibility transforms international waters into a lawless, deadly corridor. There is a stretch of water between Myanmar, Bangladesh and Thailand where the Rohingya humanitarian crisis and the interests of the Iran’s shadow fleet converge. The …
https://splash247.com/the-invisible-oil-fuelling-myanmars-genocide/
https://splash247.com/the-invisible-oil-fuelling-myanmars-genocide/Turkey’s Ciner Group has moved again in the newbuilding market, lining up six ultramax bulk carriers at China’s New Dayang Shipbuilding. The 64,000 dwt vessels are priced at about $34m each, putting the deal at roughly $204m. Deliveries are expected in batches between the fourth quarter of 2028 and early 2029. The order comes through …
https://splash247.com/ciner-adds-six-ultramaxes-in-fresh-204m-china-order/
https://splash247.com/ciner-adds-six-ultramaxes-in-fresh-204m-china-order/The 2020s are proving to be a brutal period for seafarers stuck at sea – and by extension securing enough crew numbers for the future. First came covid, alongside ever-increasing cases of crew abandonment, plus the ongoing 865-day Red Sea shipping crisis. Now the United Nations is warning that today’s Hormuz crisis – into day …
https://splash247.com/hormuz-crisis-places-seafarers-in-conditions-unmatched-since-wwii/
https://splash247.com/hormuz-crisis-places-seafarers-in-conditions-unmatched-since-wwii/C&C Marine & Repair has delivered CTOW 330, a new double-hull tank barge designed for bunker service and built to support modern fuel-handling requirements across lakes, bays, and sounds service routes to Colonial Towing.Measuring approximately 297'06" x 54'00" x 16'00"…
https://www.marinelink.com/news/cc-marine-repair-delivers-doublehull-tank-537604
https://www.marinelink.com/news/cc-marine-repair-delivers-doublehull-tank-537604