MR2 tankers lead secondhand sales
A flurry of secondhand tanker sales has emerged across various size segments this week, with MR2 units drawing the most buyer interest in the wet trades. Yet, while steady charter rates have supported asset values longer than expected, multiple brokerages now warn that prices—particularly for modern eco-design vessels—are on the verge of cracking. Among the […]
Jim Lawrence passes away
One of the best-known names in American maritime passed away on Sunday. Jim Lawrence, the founder of Marine Money and MTI Network, succumbed to cancer at the age of 70. Lawrence was also the founder of the Connecticut Maritime Association’s annual conference, something that was sold to Informa seven years ago. “Jim was always a […]
Đơn giản hóa thủ tục hành chính vận tải thủy, đỡ gánh nặng chi phí cho doanh nghiệp
Cục Hàng hải và Đường thủy VN đang lấy ý kiến cho Đề án Nâng cao giải pháp quản lý Nhà nước, thay thế thủ tục hành chính cấp phép phương tiện thủy nội địa vào, rời cảng biển, cảng, bến thủy nội địa và khu neo đậu. Đồng thời, Đề án cũng đề xuất […]
Port of Corpus Christi celebrates completion of $625m channel deepening project
Texas’s Port of Corpus Christi has celebrated a transformative moment in US maritime infrastructure with the near-completion of its channel improvement project (CIP), a decades-in-the-making initiative that deepens the ship channel to 54 feet (16.46m) mean lower low water (MLLW) and significantly enhances the nation’s energy export gateway. One of the largest navigation infrastructure projects […]
Pan Ocean bolsters tanker orderbook with VLCC brace
South Korean owner Pan Ocean is expanding its tanker orderbook with two VLCC newbuildings. The Harim Group-controlled diversified owner of more than 100 ships said in a stock exchange filing that it would be paying around $127.5m per vessel, although it has not yet disclosed the name of the shipyard. The shipbuilding contracts are expected […]
Norden cashes in on MR tankers
Danish shipping heavyweight Norden is doubling down on its strategy of converting leased tonnage into owned assets—and then reselling them for profit. The Copenhagen-listed company has offloaded two more unnamed MR tankers for an undisclosed sum, continuing a wave of disposals tied to its purchase-option strategy. The ships officially joined its owned fleet in the […]
The port productivity revolution transforming global shipping supply chains
Punit Oza from Singapore consultancy Maritime NXT writes for Splash today. When I started my career in Precious Shipping in 1993, the company was abuzz with then parent group, G. Premjee, looking to secure a deal with Kandla (now Deendayal) Port to operate a berth for its grain trade. It was a new experiment and […]
UK could lose 400 North Sea jobs every two weeks, university warns
The UK could lose more than half of its offshore oil and gas jobs by the early 2030s unless urgent and coordinated action is taken immediately, a new report claims. A new report from Robert Gordon University, named Striking the Balance, outlines three offshore energy workforce scenarios (low, mid, and high cases) and a need […]
ADES wins jackup work in Cameroon
Saudi oil and gas driller ADES has won a new contract for one of its jackup rigs from Sinopec Group subsidiary Addax Petroleum. Addax hired the Admarine 510 rig for work in Cameroon. It will be ADES’ 13th country of operations and continuation of the company’s expansion across the high-potential West African market. The contract […]
Bottleneck to breakthrough: C3 Solutions report on Dock and Yard Management
Nearly 40% of respondents say manual inefficiencies are their biggest challenge More than 60% are constantly rescheduling operations to deal with late carrier arrivals.. 63% rank real-time yard visibility as the top feature they need to regain control If you are like most logistics and supply chain leaders, you’ve probably put massive effort into optimising […]