Diana Shipping extends post-panamax charter at reduced rate
New York-listed Greek bulker owner Diana Shipping has won an extension of a time charter contract for one of its post-panamax vessels with Belgium’s Cobelfret. Diana Shipping agreed on an extension for its 2012-built, 98,697 dwt bulker Amphitrite. The original deal for the vessel started on November 10, 2022, and was extended in early January […]
JERA and BP-led partnerships win Japanese offshore wind auction
Japan’s industry and land ministries have selected JERA and BP-led consortiums as operators for two offshore wind blocks in the country’s third auction round. The JERA-led consortium, which also includes Green Power Investment and Tohoku Electric Power, won the 615MW wind farm on the southern side of the Japan Sea off the Aomori prefecture. The […]
Dolphin Drilling wins $100m in Nigerian court case
Semisub rig owner Dolphin Drilling has won a prolonged court spat with Nigerian oil company General Hydrocarbons Limited over a contract termination. The disagreement between the two companies started in April this year when Dolphin Drilling terminated a contract for the Blackford Dolphin rig with the Nigerian company over missed payments. The Nigerian company took […]
TotalEnergies adds more time to Northern Drilling semisub deal
French energy major TotalEnergies has exercised an extension option for Northern Drilling’s semisub Deepsea Mira. John Fredriksen-controlled Northern Ocean, a semisub rig spin-off of Northern Drilling, won the extension back in August. The rig, managed by Odfjell Drilling, has been working in Namibia under a multi-country contract with TotalEnergies. The firm term of this contract […]
Golar LNG buys remaining stake in FLNG unit for $90m
Floating liquefied natural gas (FLNG) specialist Golar LNG has acquired minority ownership interests in the 2.4 mtpa FLNG Hilli from Seatrium and Black & Veatch. The acquisitions comprise all third-party interests in the asset, including 5.45% common units, 10.9% Series A, and 10.9% Series B shares. The transaction is equivalent to around 8% of the […]
New multipurpose ship joins Grimaldi fleet
With the delivery of the Great Cotonou on 20 December at the Hyundai Mipo Dockyard Co. Ltd shipyard in Ulsan, South Korea, the Grimaldi Group has completed its fleet of six innovative G5-class ro-ro multipurpose vessels. Measuring 250 meters in length with a beam of 38 meters and a deadweight of 45,684 tonnes, Great Cotonou […]
Mark Drusch joins Freightos board
Qatar Airways chief cargo officer Mark Drusch has joined the board at online booking and rate firm Freightos. Drusch announced his appointment on LinkedIn on Monday December 23. He said: “I’m happy to share that I’m starting a new position as Member Board of Directors at Freightos!” Drusch took on his current role at Qatar […]
Boxship capsizes at Turkish port
A Comoros-flagged containership, Amnah, tilted sideways and then capsized at the Ambarli port in Turkey. The incident took place on Monday at about 04.00 hrs local time due to imbalanced load distribution. The rescue team evacuated 10 of the 15 crewmembers, while the remaining five were forced to jump into the waters around the 101-m-long […]
Maersk unveils new service to enhance Mediterranean network
Danish ocean carrier Maersk is consolidating the SLH and SLZ services into the new SLN – MEDITERRANEAN SEA C. The new direct service between East Mediterranean and West Mediterranean will reduce transit times for both export and import customers, according to the company, improving time to market. The SLN service rotation will include: Mersin (Turkey) […]
Geopolitical Risk Outlook: Maritime Industry Faces Tumultuous Future
As the global landscape becomes increasingly fragmented into distinct trading blocks, the maritime industry finds itself at a crucial crossroads, grappling with a myriad of challenges that could shape its future for years to come. This content is locked Select a CN Premium Subscription Package To Unlock The Content! Remember Me Lost your password? Don’t […]