Maersk revises Gambia peak season surcharge
Maersk is revising the peak season surcharge (PSS) for shipments from Argentina, Bahrain, Bangladesh, Belgium, Brazil, Bulgaria, Canada, Chile, Colombia, Croatia, Czech Republic, Denmark, Egypt, Estonia, France, Germany, Greece, Honduras, Hungary, India, Ireland, Israel, Italy, Jordan, Latvia, Lebanon, Lithuania, Malta, Mexico, Morocco, Netherlands, Norway, Oman, Pakistan, Paraguay, Poland, Portugal, Qatar, Saudi Arabia, Slovakia, Spain, Sri […]
MSC withdraws megamaxes from Asia – North Europe trade
In what it describes as a “surprise move”, Alphaliner is reporting Mediterranean Shipping Co (MSC), the world’s largest containerline, has decided to shift all of its 19,200 to 24,300 teu megamax vessels, currently trading between the Asia and North Europe, to the Asia – Med and Asia – West Africa trades. MSC, which from the […]
Broker platform wars spark debate
The creation by five major broking houses this month of Ocean Recap has got the industry talking about how the business of fixing is changing, discussion of which forms the lead in the February issue of Splash Extra. Five of the world’s leading shipbroking firms—Arrow, Gibson Shipbrokers, Howe Robinson, IFCHOR Galbraiths and SSY—have united to […]
Speed checks point towards bulker fleet heading for two-tier market
The global bulker fleet is facing a significant slowdown, driven by a combination of factors that are not only causing a decline in average speeds, but also setting the stage for the emergence of what analysts at Veson Nautical believes is a two-tier market. The impact of an ageing fleet in the era of efficiency […]
Another cable severed off Taiwan
Taiwan’s coast guard detained a cargo ship and its Chinese crew on Tuesday. The vessel is suspected of damaging the cable connecting Taiwan to its outlying Penghu Islands, Taiwan’s coast guard said in a statement. The Togo-flagged Hongtai58 and its eight Chinese crewmembers have been taken to the port of Anping as investigations get underway […]
Tsakos readies nine shuttle tankers at Samsung Heavy
Greek owner Tsakos Energy Navigation (TEN) has lined up a deal for shuttle tanker newbuildings in South Korea. Brokers in Greece have linked the New York-listed company and Samsung Heavy Industries to a nine-ship contract under the tender launched last year by Petrobras’ logistics subsidiary Transpetro. The dynamic positioning vessels come with a price tag […]
Oldendorff offloads post-panamax
Oldendorff Carriers is back in the market, selling ships. The latest sale is one of many bulker sales this week, bringing a bit more optimism to the secondhand market. This time, Oldendorff has sold a ship in its favourite segment, selling the 13-year-old, Taizhou Catic-built 93,000 dwt post-panamax Cora Oldendorff to Chinese interests for just under […]
Pantheon Tankers in for suezmax newbuild brace
Greece’s Pantheon Tankers has set out to expand its fleet with a fresh newbuilding contract in South Korea. Multiple shipbuilding sources report the deal is in place with HD Hyundai Heavy Industries for a pair of scrubber-fitted suezmax vessels. Genoa-based shipbroking group Banchero Costa has placed a “slightly softer” price tag on each 158,000 dwt […]
Copenhagen Infrastructure Partners buys 480MW UK offshore wind farm
Danish fund manager and renewables investor Copenhagen Infrastructure Partners (CIP) has taken full ownership of the Morecambe offshore wind project from COBRA Group and Flotation Energy. The financial terms of the transaction are not disclosed. Flotation Energy will remain involved after the transaction as a development partner to the project. Morecambe is a 480MW fixed […]
ExxonMobil to invest around $200m into Australian offshore gas project
US supermajor ExxonMobil has announced a nearly $200m investment in the Kipper 1B Project, bringing online much-needed additional gas supply from the Gippsland Basin. The project, approved by ExxonMobil subsidiary Esso Australia and its co-venturers Mitsui and Woodside Energy, will utilise the Valaris 107 jack-up rig to drill and install one subsea well into the […]