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Oslo-based offshore accommodation vessel specialist Floatel International has won a contract for accommodation and construction support services to the Alvheim FPSO from Aker BP. During the contract, the company will use the 2015-built Floatel Endurance. The medium-term contract is due to commence in the late first and early second quarter of 2029. The unit is …
https://splash247.com/aker-bp-books-floatel-international-unit-for-2029-project/
https://splash247.com/aker-bp-books-floatel-international-unit-for-2029-project/The US Department of the Interior (DOI) has unveiled a sweeping new offshore oil and gas leasing proposal aimed at replacing the restrictive Biden administration’s 2024–2029 program with a vastly expanded 11th National Outer Continental Shelf Oil and Gas Leasing Program by October 2026. Under the new five-year plan, the Bureau of Ocean Energy Management …
Splash asks shipping leaders whether smart technology risks outsmarting its users in the latest instalment from our Seafarers magazine. Shipping’s digital transformation is no longer theoretical. AI-powered engines fine-tune routes, sensors predict maintenance failures, and dashboards light up bridges with a constant flow of data. Yet behind the gleam of technology, an old truth endures …
https://splash247.com/closing-the-gap-between-data-and-decision-machine-and-mariner/
https://splash247.com/closing-the-gap-between-data-and-decision-machine-and-mariner/AD Ports Group has moved to deepen its presence in Egypt’s container sector with the acquisition of Saudi Egyptian Investment Company’s (SEIC) entire 19.3% stake in Alexandria Container & Cargo Handling Company (ALCN) in a deal valued at around $278m. The transaction marks another step in AD Ports’ wider expansion strategy in the eastern Mediterranean …
https://splash247.com/ad-ports-takes-stake-in-egyptian-box-terminal-operator/
https://splash247.com/ad-ports-takes-stake-in-egyptian-box-terminal-operator/COSCO has sold the Japanese-built, scrubber-fitted VLCC Cosgrand Lake (299,000 dwt, built 2006) at a steep discount, brokers say. Market sources report the 19-year-old tanker has been committed to undisclosed interests at $35m, well below the $40.67m valuation assigned by pricing platform VesselsValue. Broker sources tie GMS to the deal. The company’s last VLCC purchase …
https://splash247.com/cosco-sells-vintage-vlcc-for-steep-discount/
https://splash247.com/cosco-sells-vintage-vlcc-for-steep-discount/Capital Clean Energy Carriers is edging closer to a full departure from the container shipping sector after agreeing to sell one of its two remaining boxships. The Nasdaq-listed outfit, backed by Greek shipowner Evangelos Marinakis, has sealed a deal to divest the 2023-built 13,312 teu Buenaventura Express. The ship is expected to be handed over …
https://splash247.com/capital-clean-energy-carriers-nears-full-exit-from-containership-sector/
https://splash247.com/capital-clean-energy-carriers-nears-full-exit-from-containership-sector/The United States has unveiled one of its most extensive crackdowns to date on the Iranian oil-ecosystem, blacklisting a web of front companies, intermediaries and tankers that Washington says bankroll Tehran’s armed forces through clandestine crude sales. The action, announced overnight by the US Department of the Treasury’s Office of Foreign Assets Control (OFAC), hits …
https://splash247.com/us-targets-sprawling-iranian-shadow-fleet-network-in-latest-sanctions-drive/
https://splash247.com/us-targets-sprawling-iranian-shadow-fleet-network-in-latest-sanctions-drive/The latest World Fleet Monitor published by Clarksons Research confirms a switch in the leaderboard of shipping registers, with Donald Trump’s trade war with China seeing Singapore leapfrog Hong Kong into fourth spot. After a very tough year, having been caught in the crosshairs of the trade spat between Beijing and Washington, which saw top …
https://splash247.com/hong-kong-flag-slumps-12-6-as-singapore-surges-ahead-amid-trade-turmoil/
https://splash247.com/hong-kong-flag-slumps-12-6-as-singapore-surges-ahead-amid-trade-turmoil/The Black Sea entered one of its most volatile phases as Ukraine and Russia escalated long-range strikes on each other’s critical energy and port infrastructure, leaving commercial shipping exposed to huge levels of risk. Latest shipping traffic data points toward a rise in Suez Canal transits, with authorities in Egypt hoping the recent truce announced …
https://splash247.com/splash-wrap-bridges-bombs-bottlenecks/
https://splash247.com/splash-wrap-bridges-bombs-bottlenecks/Consilium Safety Group and Hyundai Heavy Industries have signed an agreement to explore the use of AI-powered cameras in certified fire alarm systems on ships.The memorandum of understanding (MoU) between the companies centers on Hyundai’s HiCAMS technology…
https://www.marinelink.com/news/consilium-hyundai-trial-ai-cameras-fire-532742
https://www.marinelink.com/news/consilium-hyundai-trial-ai-cameras-fire-532742