Japanese owner Mitsubishi Corporation continues to downsize its bulker fleet, having sold its 2014-built handysize bulker . According to shipbroking sources, the Onomichi-built 37,000 dwt bulker was sold to Swiss company Maestro Shipping for $14.6m. Mitsubishi Corporation sold a total of 12 vessels...
https://splash247.com/maestro-shipping-takes-mitsubishi-handy-bulker/
Despite announcing record $23.5bn revenues for last year, France’s CMA CGM on Friday revealed it is initiating a $1.2bn cost saving scheme. CMA CGM’s 2018 results show the liner, the world’s third largest containerline, carried more than 20m teu last year for the first time. The company said its...
https://splash247.com/cma-cgm-initiates-1-2bn-cost-saving-scheme/
Greeks may control 20% of the world’s global fleet and be a dominate player in most aspects of sea transportation but the country has minimal influence in the politics which are increasingly influencing the way the industry is expected to operate, says a leading member of Greek and international...
Norway’s Solstad Offshore has signed a frame agreement with Aker BP for the provision of supply vessel services. The agreement is for three years, and includes two two-year options, and will see Solstad platform supply vessels called off to meet Aker BP’s demand. “We are very pleased to be...
https://splash247.com/solstad-offshore-signs-psv-frame-agreement-with-aker-bp/
Norway’s Havila Shipping says that 12 vessels in its fleet have failed performance tests, required as part of its restructuring. Part of the restructuring agreement announced by the company in 2017 was the definition of its fleet into core and non-core vessels, where non-core vessels were sold. For...
https://splash247.com/havila-shipping-says-almost-half-of-its-vessels-are-underperforming/
Offshore engineering firm TechnipFMC has been awarded a major contract by BP for the engineering, procurement, construction, installation and commissioning (EPCIC) of the floating production storage and offloading (FPSO) unit to be deployed offshore on the maritime border of Mauritania and Senegal....
https://splash247.com/technipfmc-awarded-major-epcic-contract-by-bp/
Offshore driller Northern Drilling, part of John Fredriksen’s Seadrill, has secured a contract for newbuild semi-submersible rig West Bollsta. The Hyundai Heavy-built rig will perform a ten-well program which includes the development of the Luno II field and the Rolvsnes discovery in the Norwegian...
https://splash247.com/northern-drilling-newbuild-semi-submersible-finds-work-with-lundin/
A Russian cargo ship sailed off course and slammed into a bridge in Busan, South Korea yesterday with the captain found to be under the influence of alcohol. The Korea Coast Guard said the 1986-built 5,998-ton crashed into the side of the Gwangan Bridge at around 4:20 pm local time. According to...
https://splash247.com/russian-cargo-ship-slams-into-highway-bridge-in-busan/
Costa Rica made its way onto the world port map. The inauguration of APM Terminals Moín yesterday (Feb. 28) will enable products to be shipped on transatlantic routes to European and Asian markets without transshipment. The Terminal will also move Costa Rica to number 1 for connectivity, out of 139 countries ranked by the World Economic Forum.
“At APM Terminals we partner with governments to become the best port operator in the world and Moín is a great example. Without any doubt, we are...
https://container-news.com/new-moin-reefer-hub-connects-costa-rica-with-europe-and-asia/
Brussels might have been in the firing line last week for its perceived move to stymie the use of open-loop scrubbers, yet it is actively helping finance the installation of the controversial technology on European vessels. Dutch bank ING and the European Union’s European Investment Bank (EIB) have...