Buyers wait to see fallout from Washington’s shipbuilding probe
It is evident many buyers and sellers may be waiting to hear the results of United States Trade Representative hearing this week pertaining to China’s maritime, logistics and shipbuilding sectors and this will also have a knock-on effect on owners and operators of Chinese-built tonnage. “This could in effect create a two tier market for […]
Should shipping be looking for alternatives to Elon Musk’s Starlink?
The recent fall from grace for the special advisor to the president of the United States, Elon Musk, has been something to behold. He went from being seen as a genius and visionary who would lead humankind to become a multi-planetary species to public enemy number one for many in the world following a few […]
What shipping can learn from aviation’s collision avoidance systems
This month has seen various ship collisions, the most dramatic being between the Stena Immaculate and the feeder containership Solong off Grimsby in the UK. Such incidents continue to occur with unsettling frequency, and while the investigation team will eventually pinpoint the causes, one fact remains indisputable: the vast majority of collisions at sea are […]
Collisions & Maritime Law : Legal implications of maritime disasters
The recent collision between the MV Solong and the MV Stena Immaculate in the North Sea has significant legal implications, encompassing environmental liability, maritime safety regulations, maritime disasters, and potential criminal investigations. The Stena Immaculate, a U.S.-flagged oil tanker, was anchored and carrying approximately 220,000 barrels of Jet A1 aviation fuel destined for the U.S. […]
Nortrans pens deal with Saipem for flotel work on Chevron’s Australian project
Singapore-based Nortrans Offshore has been awarded a contract with Italian giant Saipem for work on the Jansz-Io compression project offshore Western Australia. As part of this project, the company took the 200-person flotel Belait CSS 1 on a long-term bareboat charter. This is the flotel’s first project with Nortrans which is currently undergoing drydocking and […]
Floating wind still going strong despite US policy turmoil
The United States’ shift in offshore wind policy is set to create a potential global installation shortfall of 26GW by 2035 as a result, according to TGS’ latest report. The company said in its Quarterly Market Overview Report that the withdrawal of a major market like the US has significant implications globally, with developers and […]
Seanergy strikes double sale and leaseback
US-listed Greek capesize bulker specialist Seanergy Maritime has entered into sale and leaseback agreements with a Chinese financier for two of its vessels. The Stamatis Tsantanis-led company revealed in its annual report that the 2009-built Friendship and the 2010-built Squireship had been sold to China Huarong Shipping Financial Leasing, thereby refinancing the outstanding debt at […]
Prosafe sells 41-year-old flotel for recycling
Oslo-listed semisub accommodation vessel owner Prosafe has signed a deal to sell one of its flotels for recycling. Prosafe said that it would be recycling its 1984-built, anchor-moored semi-submersible tender support and accommodation vessel Safe Scandinavia. The vessel is presently located in Norway and has been in cold layup for over six years. A condition […]
LS Cable & Systems focuses subsidiaries on offshore wind
South Korea-based electrical cable provider LS Cable & System has announced that it will be expanding its presence in the offshore wind market through several of its subsidiaries. The company said that Gaon Cable, LS Eco Energy, LS Materials, and LS Marine Solution will further strengthen its competitiveness across the entire offshore wind power industry […]
MOL involved in Japan’s first green ammonia import project
IHI Corporation, Hokkaido Electric Power, Mitsubishi Gas Chemical Company, Mizuho Bank, Tokyo Century Corporation and shipowner Mitsui OSK Lines (MOL) have signed a memorandum of understanding (MoU) to explore investment opportunities in a green ammonia production project currently under development in India. In the project, a new green ammonia production facility will be established in […]