Panama takes action against sanctioned ships
The Panama Maritime Authority (PMA) has initiated the expedited cancellation of six Panamanian-flagged vessels recently added to the UK’s sanctions list. The UK has sanctioned more Russian-linked shadow ships than any country, its latest package being announced a week ago. The London-headquartered Barbados Maritime Ship Registry remains the flag with the highest number of UK-sanctioned […]
Chailease in for New Dayang ultramax brace
Taiwan’s Chailease Holdings has placed an order for ultramax bulk carriers at Chinese builder New Dayang. Through its shipowning subsidiaries, the Taipei-based finance outfit and owner contracted for two Crown 63 Plus design vessels at $35m each with expected delivery in 2028. Chailease is the second Taiwanese owner to book New Dayang ultramax newbuilds after […]
Sirius Shipping returns to China for new tanker series
Sweden’s Sirius Shipping has gone back to China for more tanker newbuilds in its latest fleet renewal move. The Donsö-based owner has signed for four 7,999 dwt product and chemical carriers at China Merchants Jinling Shipyard (CMJL), Dingheng, for delivery expected in 2027 and 2028. No price has been revealed for the order, which follows […]
Knutsen NYK Carbon Carriers unveils new-look tanker
Nippon Yusen Kaisha (NYK) has given shipping a glimpse of a new-look liquefied carbon dioxide (LCO2) tanker featuring elevated pressure cargo tankers. NYK, along with affiliate Knutsen NYK Carbon Carriers (KNCC), is working with Nihon Shipyard to see if KNCC’s proprietary technology elevated pressure cargo tanks could lead to a 40,000 cu m design, far […]
K Line wins Indian gas deal
Kawasaki Kisen Kaisha (K Line) has signed a long-term time charter contract with India’s GAIL for a 174,000 cu m newbuild LNG carrier that will be built at Samsung Heavy Industries and deliver in 2027. K Line has positioned its LNG business as one of its top priority areas for future investment in its latest […]
Yinson, PTSC to build floater for project in Vietnam
PTSC Asia Pacific, a joint venture between Yinson Production and PetroVietnam Technical Services Corporation (PTSC), has signed a contract for the provision, charter, operation, and maintenance of an FSO vessel for the Lac Da Vang project with Murphy Oil. The contract has a firm period of 10 years with the option to extend up to […]
Shelf Drilling jackup gets work off Nigeria
United Arab Emirates-based jackup rig pure-play Shelf Drilling has won a contract in Nigeria for one of its rigs. The firm term of the contract is approximately two years. The contract with an unknown customer is scheduled to begin in December 2024. The rig in question is the 1982-built Main Pass IV jackup, one of […]
Investment in SA port infrastructure critical to growth – Capt.Sarno – Executive Insights
Captain Salvatore Sarno, Chairman of MSC South Africa, one of the most celebrated names in the South African and global shipping industry has been synonymous with his passion for the industry, hard work, logic, growth and optimism.. This episode of Executive Insights series by Shipping and Freight Resource features Capt. Sarno where we discuss his […]
Rising climate risks and the evolving role of marine insurance
Robert Mackay from FDR Risk writes for Splash today. Extreme weather events triggered by climate change are becoming more frequent and severe, reshaping operational risk and creating unprecedented challenges for shipowners and operators. The recent floods in Valencia, Spain, only served to refresh the urgency – if any were needed – of adapting to this […]