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Estonia’s Enefit Green and Japan’s Sumitomo have agreed to terminate their partnership and the development of the Liivi Bay offshore wind farm project. The decision follows thorough joint discussions on the offshore wind outlook in Estonia and assessment of the current market and regulatory conditions. Enefit Green said that, despite close cooperation and significant efforts …
https://splash247.com/enefit-green-and-sumitomo-scrap-estonian-offshore-wind-project/
https://splash247.com/enefit-green-and-sumitomo-scrap-estonian-offshore-wind-project/Marine operations service and solutions provider Avangaad has sold its 1996-built FOIS Nautica Tembikai FSO for $10.5m (RM44.5m) in cash. The company said in a Bursa Malaysia filing that the vessel has a net book value of RM15.05m ($3.58m), and the sale will result in an immediate gain of RM29.4m ($7m). The sale to MTC …
https://splash247.com/malaysian-firm-sells-29-year-old-fso/
https://splash247.com/malaysian-firm-sells-29-year-old-fso/Transworld Shipping Lines, formerly known as Shreyas Shipping and Logistics, has formed a joint venture agreement with 60% partnership with BainBridge Navigation to establish a handysize bulker pool based in Dubai. Transworld’s current fleet stands at 12 vessels comprising 10 container feeder vessels and two handysize bulk vessels. The company has dabbled in pools before, …
https://splash247.com/transworld-forms-handy-pool-in-dubai/
https://splash247.com/transworld-forms-handy-pool-in-dubai/Sign-ups to next year’s Geneva Dry – the world’s premier commodities shipping summit – are pouring in with organisers finalising the session line-ups for dry bulk’s biggest annual gathering. With hundreds of delegates already confirmed for the April 28 – 29 event, the 2026 edition is already growing faster than this year’s sold-out conference. “It’s …
https://splash247.com/shippings-biggest-names-set-to-return-to-geneva-dry/
https://splash247.com/shippings-biggest-names-set-to-return-to-geneva-dry/Turkey’s Karpowership has selected Singapore-based shipyard group Seatrium to carry out new powership integrations and LNG carrier conversions as part of an expanding partnership between the two companies. Under a letter of intent, Seatrium will integrate four new-generation powerships at its Singapore yard, with an option for two more. Karpowership will provide the hulls and …
https://splash247.com/karpowership-doubles-down-on-seatrium-for-floating-power-expansion/
https://splash247.com/karpowership-doubles-down-on-seatrium-for-floating-power-expansion/Containership leasing giant Seaspan has signed a string of sale and leaseback agreements covering 19 vessels, raising nearly $2.8bn in total financing. The deals, disclosed by parent company Atlas Corp, cover 15 containerships ranging from 11,400 to 17,000 teu and four car carriers between 7,000 and 10,800 ceu. A portion of the proceeds —$775.4m —is …
https://splash247.com/seaspan-locks-in-2-78bn-in-leasebacks-across-19-ships/
https://splash247.com/seaspan-locks-in-2-78bn-in-leasebacks-across-19-ships/Danish product tanker player Torm is expanding its owned fleet significantly after exercising purchase options on 13 ships previously under sale-and-leaseback deals. The Copenhagen- and New York-listed firm said the move is part of its ongoing capital and loan management strategy. The first four ships -LR2 tankers Torm Herdis, Torm Hellerup, Torm Hannah, and Torm …
https://splash247.com/torm-takes-over-13-leaseback-tankers-as-it-sheds-older-tonnage/
https://splash247.com/torm-takes-over-13-leaseback-tankers-as-it-sheds-older-tonnage/The Houthi-run Humanitarian Operations Coordination Center (HOCC) has released a new set of Frequently Asked Questions (FAQs) assuring safe passage to vessels transiting through the Gulf of Aden, Bab el Mandeb, the Arabian Sea and the Red Sea if they are not related to the “sanctioned entities of companies”. The HOCC has encouraged companies to …
https://splash247.com/houthis-seek-to-legitimise-maritime-role-with-safe-transit-service/
https://splash247.com/houthis-seek-to-legitimise-maritime-role-with-safe-transit-service/Van Oord’s trailing suction hopper dredger Vox Ariane has completed its first bunkering of Bio-LNG on the Elbe in Germany.As the first marine contractor to have its climate targets approved by the Science Based Targets initiative (SBTi), Van Oord is actively investing in decarbonization solutions.
https://www.marinelink.com/news/van-oord-completes-first-biolng-fuel-528948
https://www.marinelink.com/news/van-oord-completes-first-biolng-fuel-528948Seatrium has signed a Letter of Intent (LOI) with Karpowership, a global energy company and the owner, operator, and builder of the world’s largest Powership (floating power plant) fleet.Under the LOI, Seatrium will carry out the integration of four New Generation Powerships…
https://www.marinelink.com/news/seatrium-karpowership-team-powerships-528949
https://www.marinelink.com/news/seatrium-karpowership-team-powerships-528949