Sanctions see Russian tanker fleet in ballast
Splash 24/7 » Asia
by Sam Chambers
6h ago
There is now clear data to show that sanctions are hurting Russian seaborne exports of crude. As of a month ago, the number of ballast vessels which last lifted Russian crude grades – excluding CPC blend and KEBCO – began increasing significantly, new analysis from Vortexa shows.  Ballast vessels have now surpassed laden vessels for ..read more
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MOL invests in American marine battery developer
Splash 24/7 » Asia
by Sam Chambers
9h ago
MOL PLUS, the investment arm of Japan’s largest shipowner, Mitsui OSK Lines (MOL), is buying into Fleetzero, an American developer of marine battery systems capable of going on much longer voyages than the majority of batteries on the market today.  The Japanese shipowner said it intends to get some Fleetzero batteries installed on its fleet ..read more
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Sinokor takes Euronav VLCCs
Splash 24/7 » Asia
by Adis Ajdin
22h ago
South Korea’s Sinokor Merchant Marine is staying active in the secondhand market with another play in the VLCC sector. The South Korean shipowner has been named as the buyer of three ships that Belgian tanker giant Euronav announced as sold last week.  Brokers are reporting a deal for an en bloc purchase of the 2008-built ..read more
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McDermott bags offshore contract in Malaysia
Splash 24/7 » Asia
by Adis Ajdin
1d ago
Houston-based offshore contractor McDermott has struck a deal with PTTEP Sabah Oil for offshore transportation, installation and commissioning work at the Kikeh subsea gas lift project, offshore Sabah in East Malaysia. The contract worth up to $50m covers removal of the existing flexible gas lift riser and installation and commissioning of a new dynamic riser ..read more
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Final ruling in long battle over the will of Evergreen founder
Splash 24/7 » Asia
by Bojan Lepic
1d ago
The will of Chang Yung-Fa, the founder of the Taiwanese global liner Evergreen, to leave all his deposits, stocks, and real estate to his second son Chang Kuo-Wei has been upheld in court. After Chang died in January 2016, a will emerged in which he left most of his NT$14 billion ($437m) fortune to his ..read more
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BW snaps up Stena Bulk LNG carrier brace
Splash 24/7 » Asia
by Adis Ajdin
2d ago
BW Group’s gas shipowner BW LNG has bolstered its fleet with the acquisition of two LNG carriers from Swedish tanker owner Stena Bulk.  The 2011-built tri-fuel diesel electric (TFDE) vessels Stena Crystal Sky and Stena Clear Sky have been picked up for an undisclosed sum and renamed BW ENN Crystal Sky and BW Clear Sky ..read more
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ONE unveils plans to join the 3m teu club
Splash 24/7 » Asia
by Sam Chambers
2d ago
With more than one new containership delivering every single day this year, the avalanche of box newbuilds shows no sign of easing, despite analyst overcapacity concerns. Japan’s Ocean Network Express (ONE), the world’s sixth largest liner, has announced a medium-term business plan to grow its operated fleet to 3m teu by 2030, at an annualised ..read more
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Pan Ocean VLOC slashes fuel bill via use of autonomous navigation
Splash 24/7 » Asia
by Sam Chambers
2d ago
Avikus, the autonomous navigation in-house start-up developed by South Korea’s largest shipbuilder, HD Hyundai, unveiled results from further recent trials, suggesting AI-controlled ships can save significantly when it comes to fuel bills.  Verified results from a Pan Ocean VLOC travelling back and forth between Singapore and Brazil have shown to reduce fuel use by as ..read more
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Adani buys majority stake in Gopalpur Port
Splash 24/7 » Asia
by Bojan Lepic
2d ago
India’s Adani Ports and Special Economic Zone (APSEZ) has entered into a definitive agreement to purchase a 95% stake in Gopalpur Port Limited. The stake will be bought from two companies – a 56% stake was bought from the SP Group while 39% was bought from Orissa Stevedores. The acquisition is made at an enterprise ..read more
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Lotos Petrobaltic orders CTV from Strategic Marine
Splash 24/7 » Asia
by Bojan Lepic
2d ago
Singapore-based shipbuilder Strategic Marine has won a contract for the construction of a CTV for Poland’s state-owned firm Lotos Petrobaltic. This CTV will join the existing fleet managed by Miliana Shipmanagement, a company belonging to the Lotos Petrobaltic capital group, which owns five offshore vessels. The CTV is scheduled to be completed this summer, with ..read more
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