Bussiness News

Seaspan Inks Deal for Six 15,500 teu Scrubber-fitted Boxships

Seaspan enters into an agreement with a major shipyard for six 15,500 TEU modern newbuild container ships, says a press release published on their website.

Vessels delivery details

The Vessels are anticipated to be delivered by the second half of 2023 and extending through to mid-year 2024.

The six high-quality 15,500 TEU containerships will be scrubber-fitted and include industry-leading emissions reduction technologies.

Upon completion, the Vessels will enter long-term charters with leading...

https://mfame.guru/seaspan-inks-deal-for-six-15500-teu-scrubber-fitted-boxships/

Experts Expect Oil Companies To Reduce Output After Suez Crisis

Traders have to deal with many varied and obscure headlines whilst sitting at their screens. And today is no exception with the Suez Canal potentially getting back to normal while some huge investment banks count the cost of lending to an opaque family office. US stocks have opened lower on the day as markets continue to trade in quiet risk-off fashion, reports FXEmpire.

Whodunnit selling

The dollar is generally mixed to slightly better bid against its major peers with GBP leading the charts and...

https://mfame.guru/experts-expect-oil-companies-to-reduce-output-after-suez-crisis/

USTC Acquires Tech Platform BunkerEx

Denmark’s USTC acquires online bunker broking platform BunkerEx, says an article published on Splash247.

Online automated pricing tool

BunkerEx functions as an online automated pricing tool and is integrated with WhatsApp, enabling clients to track physical and forward bunker prices while also giving clients the flexibility to change ports, dates, quantity, or even vessel.

Objective of the acquisition

USTC says the objective of the acquisition is to step up and streamline digitalisation activities...

https://mfame.guru/ustc-acquires-tech-platform-bunkerex/

Oceanteam Bourbon4 Agrees To Sell CSV Southern Ocean

Oceanteam Bourbon 4, a joint venture owned by Oceanteam and Bourbon Offshore Norway, has entered into an agreement to sell CSV Southern Ocean, says a press release published on their website.

Supply ship sale value

The sale is expected to be completed during April, and after the repayment of the debt, the sale will generate a positive cash flow for the joint venture. The buyer and price were not revealed, and according to VesselsValue, the ship is worth $17.28m.

Oceanteam strategy 

While...

https://mfame.guru/oceanteam-bourbon4-agrees-to-sell-csv-southern-ocean/

Harjeet Kaur Joshi: The First Woman To Head The Shipping Corporation of India

Harjeet Kaur Joshi, Chairperson and Managing Director (MD) of Shipping Corporation of India (SCI) is the first female to head the shipping company and is one among a few women at the MD level. Before joining SCI, Joshi has served in various positions in ONGC for three decades. She has moved up the corporate hierarchy with constant perseverance, reports The Free Press Journal.

The challenges 

While she feels India is better compared to other western countries in terms of women representations at...

https://mfame.guru/harjeet-kaur-joshi-the-first-woman-to-head-the-shipping-corporation-of-india/

Wan Hai Lines Orders 5 Container Vessels

Wan Hai Lines ordered 5 container vessels with HHI (Hyundai Heavy Industries) as part of the company’s fleet improvement plan, says a press release published on their website.

Order confirmation

Wan Hai Lines has confirmed an order of 5 container vessels with HHI (Hyundai Heavy Industries) as part of the company’s fleet improvement plan. The contract signing ceremony was held at Wan Hai Lines’ Taipei headquarter on 25th March 2021.

Vessels To Be Delivered in 2023

The contract includes five (5)...

https://mfame.guru/wan-hai-lines-orders-5-container-vessels/

SagaPure Aquires 33% Stake in Liquid Hydrogen

Saga Pure ASA (Saga Pure, OSE: SAGA) has committed to subscribe to NOK 30 million in a private placement of new shares (the “Private Placement”) in IC Technologies AS (ICT), which is developing a novel storage solution for liquid hydrogen and LNG. Following the Private Placement, Saga will have ownership of approximately 33% of the company, says a recently published press release on their website.

New Storage Solution To Be More Beneficial

One of the crucial elements in the hydrogen value chain...

https://mfame.guru/sagapure-aquires-33-stake-in-liquid-hydrogen/

MAN Energy Wins Large VLCC Order

Man Energy Solutions has been given the order to supply Very Large Crude Carriers, says an article published on their website.

Senior Vice President at MAN Energy Solutions about order

Bjarne Foldager, Senior Vice President at MAN Energy Solutions, said, “This is a significant order on several fronts owing to its size and the ME-GI’s début in yet another segment. The engine’s characteristics make it eminently suitable for LNG and non-LNG carriers alike due to its service experience, low methane...

https://mfame.guru/man-energy-wins-large-vlcc-order/

Globus Maritime Announces Its $27m Bulker Deal

Globus Maritime Limited acquires a 2018-built Kamsarmax bulker for $27m, says a press release published on their website.

To Increase Fleet Carrying Capacity

The vessel, built at Jiangsu New Yangzi Shipbuilding, has been identified as Yangzijiang Shipping’s Yangze 11 by shipbrokers Intermodal. Globus says the vessel is expected to deliver during the second quarter, taking the company’s fleet to eight.

Athanasios Feidakis, president and CEO of Globus, commented: “We are very pleased to announce yet...

https://mfame.guru/globus-maritime-announces-its-27m-bulker-deal/

BW Offshore Secures $4.6 b FPSO Contract

BW Offshore signed a contract with Santos Ltd. for the supply of FPSO for Barossa gas field, says a press release published on their website.

$4.6 billions contract between Santos and BW Offshore

BW Offshore has signed a contract that is subject to Final Investment Decision (FID) by Santos and its partners for the supply of a FPSO for the Barossa gas field. 

It is a Lease and Operate contract with a firm period of 15 years having its value of USD 4.6 billion.

Building of the FPSO

The BW has taken...

https://mfame.guru/bw-offshore-secures-4-6-b-fpso-contract/

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