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Even though dry markets were up for the week by 1.6%, overall, they have declined a massive 24% this month (according to Baltic Exchange Dry Index), reports cash buyer GMS.This comes as oil climbed over 3% to end the week at nearly USD 64.50/barrel…
https://www.marinelink.com/news/china-tariffs-concern-ship-recycling-524842
https://www.marinelink.com/news/china-tariffs-concern-ship-recycling-524842The Britannia Group, the world’s oldest P&I insurer, has revealed its long-term CEO, Andrew Cutler, will leave the company at the end of the year to pursue a portfolio of non-executive roles.. Cutler joined the Britannia Group in 2006 as a senior claim handler, having previously been a partner at HFW, for many years being …
https://splash247.com/change-at-the-top-at-britannia/
https://splash247.com/change-at-the-top-at-britannia/The Saudi giant has renewed long-term agreements with the Italian offshore engineering and construction giant Saipem and UAE-based fabricator Lamprell. Saipem’s agreement with the Saudi firm is now set to run until the end of 2027. With this renewal, the company is confirmed in the exclusive list of contractors selected by Saudi Aramco, which are …
https://splash247.com/saipem-and-lamprell-extend-offshore-cooperation-with-saudi-aramco/
https://splash247.com/saipem-and-lamprell-extend-offshore-cooperation-with-saudi-aramco/ScottishPower Renewables, part of Spain’s Iberdrola, has signed charter agreements with NR Marine Services and OEG to provide vessels to support the construction of the East Anglia Three offshore wind farm. The charter deals are worth over £16m ($21.2m) and all vessels will operate out of the port of Lowestoft. NR Marine Services will provide …
https://splash247.com/scottishpower-renewables-hires-vessel-trio-for-work-on-uk-offshore-wind-farm/
https://splash247.com/scottishpower-renewables-hires-vessel-trio-for-work-on-uk-offshore-wind-farm/The United States will impose fees on Chinese-built ships docking at American ports—regardless of ownership, in a ruling the global shipping community has been waiting tentatively to hear about for months. The glimmer of good news for non-Chinese owners is that the final measure is less severe than the originally proposed flat fee of $1.5m …
https://splash247.com/us-unveils-much-anticipated-port-call-fees/
https://splash247.com/us-unveils-much-anticipated-port-call-fees/Fugro and Damen have teamed up to provide the Royal Netherlands Navy (RNLN) with a surveillance vessel and operating crew. The Dutch Ministry of Defence has contracted this new partnership to enhance its marine security and surveillance capabilities.
https://www.marinelink.com/news/fugro-damen-support-royal-netherlands-524812
https://www.marinelink.com/news/fugro-damen-support-royal-netherlands-524812Saipem has signed a renewal for its framework agreement with Saudi Aramco. The Long-Term Agreement (LTA) now extends until the end of 2027.With the renewal of the LTA, Saipem is reconfirmed in the exclusive list of contractors selected by Saudi Aramco who are eligible to bid for work orders…
https://www.marinelink.com/news/saipem-renews-offshore-activities-524813
https://www.marinelink.com/news/saipem-renews-offshore-activities-524813Noatum Maritime and The Arab Shipbuilding and Repair Yard Company (ASRY) marked the operational commencement of their joint venture (JV) to provide integrated marine services in Bahrain, with the arrival of four modern tugs at ASRY’s headquarters.The arrival of the tugs…
https://www.marinelink.com/news/noatum-maritime-asry-mark-commencement-jv-524814
https://www.marinelink.com/news/noatum-maritime-asry-mark-commencement-jv-524814Understanding, finding and deploying strategies to mitigate stress corrosion cracking (SCC) and hydrogen embrittlement (HE) are essential to protecting investments in offshore structures. Paula Lepore, Global Projects Engineering Manager and Anshul Godha…
https://www.marinelink.com/news/mitigate-scc-keep-offshore-metal-524815
https://www.marinelink.com/news/mitigate-scc-keep-offshore-metal-524815Petronas' Bintulu liquefied natural gas (LNG) complex in Malaysia is experiencing production issues, two industry sources said on Thursday, though offtakers say supply is not expected to be affected.One of the sources added that the production problems were due to an issue with the boiler in the com
https://www.marinelink.com/news/petronas-bintulu-lng-complex-production-524817
https://www.marinelink.com/news/petronas-bintulu-lng-complex-production-524817