Accident report into Canadian boxship blaze sparks call for greater firefighting equipment
Canada’s Transportation Safety Board (TSB) has called for improvements to Canada’s emergency preparedness rules following the release of a report looking into a boxship accident off Vancouver Island three years ago. The ZIM Kingston lost 109 containers — two containing hazardous materials — during dire weather in October 2021, in an accident that also saw […]
Meriaura appoints new CEO
The CEO of Finnish shipowner Meriaura, Kirsi Suopelto, has resigned from her position to join a new employer. Suopelto will continue as Meriaura’s CEO until September 30. The company’s board has appointed the current chairman of the board, maritime counsellor Jussi Mälkiä, as the new CEO starting October 1. Board member and vice-chairman Antti Vehviläinen […]
European Commission launches ship finance portal
The European Commission has launched a ship financing portal in a bid it says to boost the maritime sector’s green transition. The platform, launched by the European Commission’s Directorate-General for Mobility and Transport, provides businesses and organisations with a repository of available financial tools needed to drive fleet renewal and retrofitting, enhance efficiency, and reduce […]
Costamare confirms bulker sale as boxship charters flow in
Greek owner Costamare has confirmed a supramax bulker sale and revealed multiple charter deals for its containership fleet. In its second-quarter earnings report, the New York-listed company has corroborated this month’s brokers’ reports on the deal for the 2009-built Oracle. While S&P sources suggest Vietnamese interests and a price tag of $12.5m, Costamare did not […]
Transocean lands $531m drillship contract in US Gulf
Swiss-based offshore drilling giant Transocean has secured a $531m contract from BP for operations in the US Gulf of Mexico. The contract will see drillship Deepwater Invictus on hire for about 1,095 days starting in the first quarter of 2025. The 2014-built floater was previously named as one of the three rigs earmarked for another […]
TotalEnergies takes option on Noble jackup off Argentina
Offshore rig owner Noble Corporation’s harsh-environment jackup rig Noble Regina Allen has gained more work from TotalEnergies in Argentina. The French energy major has exercised two priced option wells on the 2013-built rig at $150,000 per day, keeping the unit busy for an additional 60 days. The initial $31m 220-day contract with Total Austral was […]
Strategic recommendations/outlook for 2nd half 2024 for Asia-Pacific Market – Dimerco
The Asia-Pacific region continues to navigate the complex landscape of global trade and logistics as this freight market continues to be shaped by a myriad of factors. The period from July to August 2024 has been particularly dynamic, characterized by fluctuating demand, capacity constraints, and the ongoing impact of global economic conditions. This is as […]