The dry bulk market is in its traditional pressure period between Christmas and Chinese New Year. The severity of the downturn is highlighted by the fact that January average bulker speeds across the globe are at lows not witnessed for more than a decade, according to data from Banchero Costa (see...
https://splash247.com/amid-depressed-rates-environment-bulk-carriers-slow-down/
Emanuele Grimaldi, the chairman of the International Chamber of Shipping, writes for Splash today. In an era marked by growing uncertainty, knowledge and trusted sources are more powerful than ever. The International Chamber of Shipping’s annual Barometer survey, the fourth edition of which was...
https://splash247.com/navigating-shippings-most-pressing-challenges/
One of the cargoes that made the most headlines last year is still making news in the new year. Locals living near the Ivory Coast’s largest port, Abidjan, have voiced concern about a cargo of potentially explosive ammonium nitrate onboard the Barbados-flagged Zimrida just off the shoreline. The...
https://splash247.com/controversial-ammonium-nitrate-shipment-sparks-protest-in-ivory-coast/
Semisub rig owner Dolphin Drilling has won a prolonged court spat with Nigerian oil company General Hydrocarbons Limited over a contract termination. The disagreement between the two companies started in April this year when Dolphin Drilling terminated a contract for the Blackford Dolphin rig with...
https://splash247.com/dolphin-drilling-wins-100m-in-nigerian-court-case/
French energy major TotalEnergies has exercised an extension option for Northern Drilling’s semisub Deepsea Mira. John Fredriksen-controlled Northern Ocean, a semisub rig spin-off of Northern Drilling, won the extension back in August. The rig, managed by Odfjell Drilling, has been working in...
https://splash247.com/totalenergies-adds-more-time-to-northern-drilling-semisub-deal/
Italian offshore engineering and construction giant Saipem has been awarded a new offshore contract by Shell’s Nigerian arm for the Bonga North project. Saipem will work on the project as part of a consortium with KOA Oil & Gas and AVEON Offshore. The project is related to the tieback of wells to...
https://splash247.com/saipem-wins-900m-deal-for-work-on-shells-nigerian-project/
China’s Wison New Energies has signed a FEED contract with Ace Gas for the 3 mtpa FLNG and 230MW power barge project, set to be deployed in Nigeria. This follows Wison New Energies completing pre-FEED work for the project in early 2024. The project aims to develop a 3 mtpa FLNG moored some 10 km …
https://splash247.com/wison-new-energies-secures-feed-job-for-nigerian-flng/
To be a dry bulk analyst for most of the past three decades has in effect meant being a China watcher. Similarly, being a shipping reporter in the 2020s increasingly equates to being a very close follower of geopolitics. This year has been hugely turbulent for the world, and its trading routes,...
https://splash247.com/splash-annual-review-the-path-of-resistance/
Offshore contracting giant TechnipFMC has been awarded a contract by oil major Shell to supply subsea production systems for the Bonga North development in Nigeria. The contract was awarded by Shell’s subsidiary, Shell Nigeria Exploration and Production Company Limited, and it covers the design and...
https://splash247.com/technipfmc-to-supply-subsea-equipment-for-shells-10bn-nigerian-project/
With the return this year of Somali piracy after a near six-year hiatus, the European Union has decided to extend Operation Atalanta, its naval operation off the Horn of Africa for another two years through to the end of February 2027. Ships sailing off the Somali coast have been urged by...
https://splash247.com/eu-extends-somali-naval-operation-through-to-2027/