Wind propulsion adoption will gain greater traction this year as data from trials make a convincing investment argument. That’s the point of view of Alex Albertini, CEO of Monaco-based Marfin Management, an operator in the handy and supramax space, and panellist in the upcoming dry decarbonisation...
https://splash247.com/geneva-dry-dialogues-marfin-management/
Monaco-headquartered Scorpio Tankers has entered into agreements to sell two 2013-built MR product tankers to an undisclosed customer. Scorpio Tankers said that it would be selling the 49,990 dwt tankers STI Larvotto and STI Le Rocher for $36.15 million per vessel. Following the sale of the two...
https://splash247.com/scorpio-tankers-sells-product-tanker-duo-for-72m/
In Part One last week, we looked at the paradox of offshore wind, a segment that is growing without profit for many players. This contrasts with offshore oil and gas, which has shrunk but has become intensely profitable for rig and vessel operators, and for the oil companies themselves. Whereas offshore oil and gas companies […]
The post COLUMN | Where the wind blows, part 2: Shell, Cadeler, HEA Energy, Cyan Renewables, Edda Wind, Norwind and Norside [Offshore Accounts] appeared first on Baird...
New York-listed Scorpio Tankers is continuing to release its fleet out of sale-and-leaseback debt with four more ship repurchases. The Monaco-based product tanker giant said in its quarterly earnings report it had given notice to exercise the purchase options on two MRs STI Gramercy and STI Queens...
https://splash247.com/scorpio-tankers-buying-back-four-more-ships/
The novelist Jodi Picoult once said that, “there are two ways to be happy: improve your reality, or lower your expectations.” Changing the world for the better is hard, but there have been a lot of expectations lowered in the offshore industry this week. Unfortunately, these reduced expectations seem to have produced little joy in […]
The post COLUMN | Lowered expectations: Saudi Arabia’s oil production; Nigeria’s currency; SBM’s whistleblower; Falkland Islands’ FPSO [Offshore Accounts] appeared...
Monaco-headquartered Transocean Maritime Agencies has emerged behind an order for two ultramaxes in China. Brokers report the bulker and tanker owner signing up for 64,000 dwt newbuilds at New Dayang Shipbuilding for delivery in 2026. The ships, costing about $33m each, have been designed to meet...
https://splash247.com/monacos-transocean-orders-ultramax-pair-at-new-dayang/
New York-listed Scorpio Tankers has sealed a deal to sell one ship bought out of lease financing in 2022, while it continues to buy back more vessels to further reduce financial costs. The Emanuele Lauro-led product tanker giant is shipping out the 2015-built MR2 STI Tribeca for $39.1m, with...
https://splash247.com/scorpio-tankers-sells-one-vessel-as-it-takes-back-five/
Lolli-Ghetti family-controlled Scorpio Services Holding (SSH), part of the Monaco-based Scorpio Group, has established a shipmanagement joint venture with Gulf Navigation of Dubai. Black Marlin Ship Management & Operation will be located in Dubai and manage eight vessels at launch, four from each...
https://splash247.com/scorpio-services-and-gulf-navigation-launch-shipmanagement-venture-in-dubai/
In the coming months ahead of the inaugural Geneva Dry event organised by Splash, we will be sitting down with key names attending the dry bulk mega summit. In the hot seat today: John Michael Radziwill. Cape markets have been on a spin worthy of the famous casino in Monte Carlo this month, spiking...
https://splash247.com/geneva-dry-dialogues-john-michael-radziwill/
On the first day of Christmas my true love gave to me… a partridge in a pear tree, according to the ancient English carol, but here at Baird Maritime, that’s the cue for a dozen topical features on the offshore industry. Lovers of yuletide traditions – and even those of you who are checking your phone […]