China’s Dajin Heavy Industries and Spanish floating wind expert BlueFloat Energy have signed a memorandum of understanding (MoU) to create a global floating wind supply chain. The agreement between BlueFloat Energy and Dajin focuses on technical innovation, supply chain enhancement, and...
https://splash247.com/bluefloat-energy-and-dajin-heavy-to-boost-floating-wind-supply-chain/
Malaysian offshore vessel player Coastal Contracts is expanding its fleet with newbuilds in China. The Bursa Malaysia-listed firm has contracted Fujian Funing Shipbuilding, a Fujian Shipbuilding Industry Group subsidiary, to build a pair of 85-m-long subsea support and maintenance vessels. No price...
https://splash247.com/coastal-contracts-seals-newbuild-brace-in-china/
Wah Kwong Maritime Transport has joined Tankers International, the world’s largest shipping pool for VLCCs. The UK-based VLCC pool operator said Hong Kong’s diversified shipowner has committed its 2013-built Hong Kong Spirit to its scrubber pool. The 318,700 dwt vessel joined the VLCC pool, which...
https://splash247.com/wah-kwong-enters-tankers-international-vlcc-pool/
British consultancy Drewry has launched an index covering one of the largest, most competitive container tradelanes. Drewry’s new Intra-Asia Container Index (IACI), which made its debut yesterday, comes at a time when spot rates in the region are under pressure. Drewry’s composite index, a...
A vintage feeder boxship belonging to Mediterranean Shipping Co (MSC) was involved in an accident yesterday that resulted in part of a giant ship-to-shore crane belonging to Yantian Port in southern China come crashing down on the vessel. The 1998-built, 1,730 teu MSC Riona was on an intra-Asia...
Chinese owner and operator Fujian Highton Development is further bolstering its dry bulk fleet with its first capsize purchase. The Shanghai-listed outfit said in a filing it had struck a deal to acquire the 2007-built 178,000 dwt Alpha Prudence, from Greece’s Alpha Bulkers Shipmanagement for...
Dasin, a Dalian-originated outfit working out of Singapore, is selling seven 57,000 dwt Hantong-built bulk carriers leaving it with just two ships in its fleet. All the ships are in the same age group: Mandarin Eagle was built in 2008. Mandarin Phoenix is slightly younger, built in 2010, Mandarin...
Kuok Maritime Group subsidiary PaxOcean has won a newbuilding contract with an unnamed Greek shipowner for 10 multi-purpose service vessels (MPSVs). Under the contract terms, PaxOcean 10 MPSVs will have 5,000 dwt capacity, DP2 dynamic positioning, and other the latest advancements in offshore...
https://splash247.com/pax-ocean-receives-order-for-10-mpsvs/
Broker BRS has provided an update on one of the main shipping themes of 2024 – China’s strengthening grip on the world’s shipbuilding output. Splash has been reporting regularly on how Chinese yards are being expanded or reactivated as the nation takes on a record long orderbook stretching deep...
https://splash247.com/china-strengthens-grip-on-global-shipbuilding/
Singapore-listed Yangzijiang Shipbuilding, China’s largest private shipbuilder, has entered into a joint venture agreement with Japan’s Tsuneishi Holdings to acquire a 34% equity stake in Tsuneishi Group (Zhoushan) Shipbuilding through a private share allotment worth $117m. Over the years, the two...
https://splash247.com/yangzijiang-buys-into-tsuneishis-china-yard/