Sector
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Insurance pay-outs from Baltimore bridge disaster in the spotlight
Cargo insurer WK Webster is reporting that general average looks to have been declared by the owners of the wrecked…
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Beijing unveils coal reserves plan
The National Development and Reform Commission (NDRC) in Beijing has unveiled a domestic coal production reserve system that will commence…
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The rise of the seaborne ammonia trades
Acronym-heavy shipping needs to get used to a rising four-letter vessel type. VLACs are being tipped to overhaul VLGCs in…
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CY Shipping and BigLift Shipping order two ships in China
Partners CY Shipping and BigLift Shipping have increased their fleet of heavylift vessels to six vessels, by adding two ships…
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DryDel Shipping adds kamsarmax bulker to its fleet
Greek bulker player DryDel Shipping has expanded its fleet with a 2015-built kamsarmax bulker. The 81,841 dwt Beluga, formerly the…
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Jinhui turns to charter market in latest fleet boost
Chinese bulker operator Jinhui Shipping and Transportation is expanding its fleet with its first long-term charter-in deal this year. The…
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JERA to perform first-ever truck-to-ship bunkering of fuel ammonia
Japan’s largest utility JERA has decided to implement truck-to-ship bunkering of ammonia to an ammonia-fuelled tugboat owned by NYK Line.…
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Subsea 7 lands Gulf of Mexico contract
Oslo-listed Subsea 7 has landed a contract worth between $50m and $150m with Talos Energy for the Sunspear development in…
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PaxOcean to build first electric vessels for Kuok-led alliance
The Kuok Maritime Group-led Coastal Sustainability Alliance (CSA) has announced the start of construction of the first fully electric PXO…
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Atlantic Oceanic puts fresh MPSV acquisition to work
Offshore vessel owner Atlantic Oceanic has chartered out its recently acquired multipurpose supply unit. The 1991-built Atlantic Spirit has been…
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Petrofac reveals debt-for-equity talks
Energy services company Petrofac said on Friday it was still struggling to secure performance guarantees for new contracts and that…
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New maritime security firms emerge on the back of ‘worrying’ return of Somali pirates
Similar to 15 years ago during the last Somalia piracy cycle, new maritime security companies are emerging. A total of…
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Baltimore bridge investigation targets ship’s electrical failure
Investigators in Baltimore are focusing on the Dali’s electrical power system and its circuit breakers and have called in the…
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Denmark bans scrubber discharges
Denmark’s government has joined the growing list of countries taking action against open-loop scrubbers, having reached a “broad political agreement”…
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Synnøve Seglem steps up to CEO role at Knutsen OAS Shipping
Synnøve Seglem has stepped up to the CEO role at Norway’s Knutsen OAS Shipping. Local media reports Seglem has taken…
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D’Amico buys MR product tanker for $43.5m
Italian owner d’Amico International Shipping has agreed to buy the 50,000 dwt MR product tanker Amfitrion for a consideration of…
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Maersk unveils novel way ships can deliver fresh water to parched ports
Three Maersk employees, all former seafarers, have come up with a system to deliver fresh water from vessels to ports. …
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Geneva Dry Dialogues: Propel Marine
Established in 2018 and headquartered in Western Australia, Propel Marine has built a strong name for itself as a go-to…
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Shelf Drilling jackup wins $81m extension from Equinor
Oslo-listed jackup rig pure-play Shelf Drilling has won a contract extension from Equinor for one of its rigs. Equinor extended…
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Dolphin Drilling agrees $40m private placement
Semisub rig owner Dolphin Drilling has raised NOK432m ($40m) via a private placement of some 72m shares. The company said…
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