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Tor Olav Trøim-backed jackup rig player Borr Drilling has picked up new contracts worth $332m for three of its units. The fixtures involving the rigs Arabia I, Gunnlod and Norve cover a total commitment of 1,779 days. The Oslo and New York-listed offshore driller said the Arabia I, which had its contract suspended earlier this …
https://splash247.com/borr-drilling-scores-332m-jackup-hat-trick/
https://splash247.com/borr-drilling-scores-332m-jackup-hat-trick/Eight years after entering shipowning, Fomento Group has sold half of its four strong fleet. In May, it offloaded the 2016-built Fomento One newcastlemax to Greek owner Evangelos Marinakis for $55.9m, a ship the Indian miner had ordered at Daehan Shipbuilding in South Korea a decade ago. A second newcastlemax from the same yard is …
https://splash247.com/goa-based-fomento-group-cuts-shipowning-arm-in-two/
https://splash247.com/goa-based-fomento-group-cuts-shipowning-arm-in-two/Dubai-based Lila Global has expanded its fleet with a large secondhand heavylift multipurpose vessel, which it says will further boost its capacity and versatility. The shipowning arm of Anil Sharma’s cash-buying giant Global Marketing Systems (GMS) has welcomed the 2003-built Lila Mombasa after picking it up at action for $7.5m. The Dalian New Yard-built 30,300 …
https://splash247.com/lila-global-adds-second-mpp/
https://splash247.com/lila-global-adds-second-mpp/Korean owners have been raiding the secondhand market for modern tonnage this summer. A few weeks ago, HMM was reported to have made its seventh acquisition in two months, purchasing the four-year-old, 82,000 dwt dry bulk carrier BW Kobe for $37m. Now, another big name in local shipowning circles, Pan Ocean, is on the move. Pan Ocean, …
https://splash247.com/pan-ocean-in-bulker-buildup/
https://splash247.com/pan-ocean-in-bulker-buildup/The Panama-flagged general cargo vessel, Ultra Galaxy, beached on its side in a remote area of South Africa’s west coast since early July, broke apart into four sections over the weekend in stormy conditions with the South African Maritime Safety Authority (SAMSA) reporting an oil spill. Some 125 people from local communities have been enlisted …
https://splash247.com/grounded-vessel-breaks-apart-off-south-africa/
https://splash247.com/grounded-vessel-breaks-apart-off-south-africa/Greece’s Diana Shipping has secured a new $167.3m loan from Nordea to refinance its existing commitments with the Nordic bank. The New York-listed shipowner said the proceeds of the new loan, secured by 10 vessels, have been utilised to refinance two loans maturing in October 2027 and June 2028 secured by 12 bulkers. “This strategic …
https://splash247.com/diana-fixes-167m-refinancing/
https://splash247.com/diana-fixes-167m-refinancing/In the same area of the Philippines authorities are having to contend with oil spills as a second tanker sank on Saturday evening, just two days after another ship went down. The Philippine Coast Guard (PCG) reported over the weekend that they discovered leaks on the sunken tanker Jason Bradley. The small, 39 m long …
https://splash247.com/second-ship-sinks-in-same-area-of-the-philippines-in-the-space-of-two-days/
https://splash247.com/second-ship-sinks-in-same-area-of-the-philippines-in-the-space-of-two-days/Havana residents watched from shore on Saturday as Russian warships arrived for the second time in as many months, in a visit that Cuba called routine.Cuban authorities fired shots into the air to signal their welcome, while curious fishermen…
https://www.marinelink.com/news/russian-warships-routine-visit-cuba-515500
https://www.marinelink.com/news/russian-warships-routine-visit-cuba-515500U.S. Secretary of State Antony Blinken criticised Beijing's "escalating and unlawful actions" in the South China Sea at a summit on Saturday, while his Russian counterpart said Washington has stoked anxiety with its plan for a nuclear deterrence…
https://www.marinelink.com/news/blinken-applauds-diplomacy-asean-meeting-515501
https://www.marinelink.com/news/blinken-applauds-diplomacy-asean-meeting-515501Baker Hughes cut its outlook for spending by oil producers on Friday, citing lower drilling activity by North American companies, joining other oilfield service companies in warning about softness in the region.However, the company raised its full-year revenue and profit estimates…
https://www.marinelink.com/news/baker-hughes-bets-foreign-demand-515503
https://www.marinelink.com/news/baker-hughes-bets-foreign-demand-515503