January 20th, 20200The crew abducted from Marshall Islands-flagged chemical tanker last month have been released, however one of the crew members died shortly after the incident. "Following the attack on tanker Duke and abduction of 20 crew members on December 15, we can confirm that 19 of the crew members taken hostage were today released by the...
January 13th, 20202The IMO 2020 regulation has its first global trade scalp with news from south Asia where coastal shipping operations along India’s eastern coast risk grinding to a halt later this week due to the scarcity of low sulphur fuel oil. “There is virtually no supply of low sulphur fuel oil and all the coastal ships including the feeder...
January 10th, 20200China’s mighty Baowu Steel Group appears to have surpassed ArcelorMittal as the world’s largest steel producer. Baowu’s chairman in a new year’s address told employees the group managed to produce 96m tons of crude steel last year, up 40% on 2018 after it took an indirect controlling stake in Masteel. According to the...
December 16th, 20190Seven Islands Shipping’s purchasing spree continues with its eleventh purchase in 2019. This time India’s fastest growing tanker owner has sealed its ninth vintage handysize tanker deal of the year, paying $6.7m for the 19-year-old 46,000 dwt Apostolos A. The ship was sold by Greece’s Ancora Invest. The Korean-built vessel has been...
November 28th, 20190CSV , which is jointly owned by Bourbon and Oceanteam, has been awarded two charters on offshore projects off India. Work on the first short-term contract have commenced this month, while the second longer-term contract is scheduled to commence in December 2019. The contracts are expected to run through to the first quarter of 2020,...
November 21st, 20190New Delhi on Wednesday approved India’s accession to the Hong Kong Convention for ship recycling, becoming the first of the major south Asian breaking nations to do so. "By this accession to the Hong Kong International convention, we are bringing in global best practices and we are not becoming a backyard of all rejected ships, but...
November 11th, 20190India’s Great Eastern Shipping has emerged as the buyer of two 14-year-old, 159,000 dwt suezmaxes, the and the . The two ships were previously owned by Konig & Cie and fetched a price of $23m each, according to Advanced Shipping & Trading. Chatter about the ships started in July when they were linked to Bob Burke's...
November 1st, 20190Seven Islands Shipping’s purchasing spree continues with its tenth purchase in the last 12 months. Broker sources tell Splash that India’s fastest growing tanker owner has sealed yet another deal, adding its tenth handy tanker since November lat year, paying $8m for the 14-year-old 35,200 dwt . The Chinese-built vessel has been...
October 23rd, 20196India has become the world’s first country to ban single use plastics on ships, with China widely tipped to follow suit and the matter up for further discussion at the International Maritime Organization (IMO). The Indian ban from January 1 relates to all ships calling Indian ports, or transiting Indian waters. Products on the...
October 10th, 20190Dubai-headquartered Shelf Drilling has been awarded a three-year contract by Oil and Natural Gas Corporation (ONGC) for 1976-built jackup rig . The rig will be operating in the Mumbai High, offshore India, and planned start-up is scheduled for the first quarter of 2020. Shelf Drilling currently operates a fleet of 37 jackup...
