Denmark’s Maersk Tankers has launched its first-ever pool in the long range 1 (LR1) tanker segment, with Sanmar Shipping joining as its first member. Maersk Tankers’ new LR1 pool offers pool management to owners of tankers ranging from 55,000-80,000 dwt and builds on the company’s experience in the...
https://splash247.com/sanmar-becomes-first-customer-of-maersk-tankers-new-lr1-segment/
Japanese shipowner Mitsui OSK Lines (MOL) has partnered up with EDF Renewables, a subsidiary of France’s utility EDF, to cooperate on the development of the offshore wind sector and to pursue opportunities in green hydrogen. MOL established its offshore wind business in 2021 and has since been...
https://splash247.com/mol-forges-offshore-wind-and-green-hydrogen-partnership-with-edf-renewables/
Dubai-based terminal operator DP World and Indonesian conglomerate Maspion Group have started construction of a new container terminal in Gresik, East Java. DP World said that the terminal would enhance East Java’s position as a key trade gateway and connect Indonesian enterprises with customers in...
https://splash247.com/dp-world-starts-construction-of-new-container-terminal-in-east-java/
Dubai-based Transworld Holdings has managed to privatise subsidiary Shreyas Shipping taking it off two stock exchanges in India. Transworld said the decision was made to give it greater operational and financial flexibility over its Indian liner subsidiary. Sivaswamy Ramakrishnan, chairman of the...
https://splash247.com/transworld-completes-shreyas-privatisation-process/
Singapore’s BW Group has sold around 6% of its Oslo-listed VLGC owner BW LPG for NOK1bn ($91.6m). Andreas Sohmen-Pao’s BW offloaded 8.4m shares at NOK120 apiece, a discount of about NOK12 compared to closing price on Tuesday and now owns 48.4m shares in BW LPG, corresponding to a 34.6% ownership...
https://splash247.com/bw-group-sells-6-of-gas-shipping-unit-ahead-of-us-listing/
The 110,000 dwt , a tanker belonging to Sinokor, stands accused of ramming a fishing vessel in the north of the Philippines on Monday, an accident that led to the deaths of three local fishermen. The Philippine Coast Guard has issued a report on the accident which took place early on Monday morning...
https://splash247.com/sinokor-tanker-accused-of-ramming-philippine-fishing-vessel/
South Korea’s Sinokor Merchant Marine has been named as the seller of three 2016-built capesize bulk carriers in two separate deals worth a total of nearly $130m. Xclusiv Shipbrokers have linked the Seoul-based owner to a double sale of scrubbed-fitted Chow and Comanche (pictured) to clients of...
Singapore-based fabricator Dyna-Mac has clinched several contracts from repeat customers worth a total of S$88m ($64.5m). The main contract involves the construction of topside modules for a floating production storage and offloading (FPSO) vessel. The work will start in the first quarter of 2024...
TMC Shipping has become the first company to tokenise its assets on Shipfinex FZCO’s ship financing platform. Shipfinex is looking to provide shipowners with alternative sources of financing by fractionalizing their assets and selling them as digital tokens to investors worldwide. Shipfinex’s...
https://splash247.com/tmc-shipping-teams-with-shipfinex-to-tokenise-assets/
Peter Norborg-led Swire Bulk has decided it is time to prune its fleet. The 25-ship strong player is widely reported to be selling three open-hatch bulkers for close to $60m. Sources widely tip JP Morgan to be the highest bidder for the ships. The trio in question were built at Chengxi Shipyard in...