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Global offshore and marine engineering group, Seatrium Limited, has landed a S$11bn ($8.16bn) deal with Petrobras for the newbuild supply of two high-capacity Floating Production Storage and Offloading platforms (FPSO)
The efforts continue to target the shadow tanker fleet as a means of choking off Russia’s oil exports.
From www.vortexa.com
Explore latest market and data insights across LPG, global oil, and freight movements with Vortexa's Liquid Currents Podcast.
The Suez Canal Authority is highlighting the transit of the CMA CGM Osiris (15,536 TEU) through the Suez Canal on June 18 as the first large containerships through the canal in more than a year.
Concerns are rising within the shipping sector over the stability of the Strait of Hormuz, amid hostilities between Iran and Israel.
The subsidy to Hengli Shipbuilding comes as parent company Guandong Songfa Ceramics restructures its business.
Ship-tracking data showed a cluster of vessels navigating closer to Oman, while Iranian-flagged ships mostly remained within Iran’s maritime territory.
With most international flights to Tel Aviv disrupted due to the conflict between Israel and Iran, a cruise ship has become a lifeline for those who want to get in and out of the country.
From splash247.com
New York-listed VLCC pure-play DHT has confirmed the acquisition of a modern Korean-built tanker.
From splash247.com
Greece’s Dynacom Tankers has swelled its suezmax orderbook at China’s New Times Shipbuilding.
From splash247.com
Poland is removing a stranded Russian product tanker and sending it for demolition in Denmark
From splash247.com
Ningbo Ocean Shipping Co (NBOSCO) has set out to further expand its containership fleet with an investment in four 4,300 teu newbuildings.
From splash247.com
Teo Teng Seng, an advisor at Pacific International Lines (PIL), has been elected as the new president of the Singapore Shipping Association, succeeding Caroline Yang as head of one of the largest regional shipping bodies in the world.
From splash247.com
Norwegian offshore vessel owner DOF has won multiple contracts for the subsea construction vessel (SCV) Skandi Inventor in the Atlantic region.
From splash247.com
Norwegian energy giant Equinor has contracted offshore seismic vessel player Shearwater Geoservices to perform a 4D towed streamer seismic survey over the Tyrihans field offshore Norway.
From splash247.com
Norwegian offshore vessel owner Solstad Offshore has signed contracts for two of its construction support vessels (CSV). Solstad said in late April that it won deals for three vessels in Brazil.
The UK completed its fifth round process for selecting projects with this effort focusing on the development of pioneering projects in the Celtic Sea.
The lost sailing yacht Bayesian is on track to be raised back to the surface this weekend, ending a complex salvage process that claimed the life of a diver last month.
Drifts of miniscule plastic nurdles are washing ashore in Kovalam, Kerala after the sinking of the container ship MSC Elsa 3, which took on a list and sank off the coast on May 25.
The agreement establishes a cooperative framework for both organizations to leverage smart technologies such as AI, automation and robotics.
From www.world-grain.com
Climate change may force them to turn to GM crops
From www.world-grain.com
Increased rainfall to push production to 1.3 million tonnes, FAS says
From www.world-grain.com
Oman's largest food manufacturer partners with Bühler
Saudi Arabia, the world’s largest crude oil exporter, shipped the most product through the Strait of Hormuz in almost two years in the week ended June 15 just as the Israel-Iran conflict began, according to a June 17 report by S&P Global Commodities at Sea(opens in a new tab).
Oil Market Stability: Despite increased tensions in the Gulf region, global oil prices remain stable with the Strait of Hormuz operational and OPEC's significant spare capacity. This article explores the supply dynamics, including US shale output and revised demand forecasts, affecting oil prices.
