Navig8 has exercised an option to sell the 2018-built 110,600 dwt LR2 tankers Navig8 Pride and Navig8 Providence, currently on a long-term charter from Norway’s Ocean Yield. The vessels are owned by a joint venture owned 50% by Ocean Yield. Navig8 had an option to acquire or sell the vessels to...
John Fredriksen’s Northern Drilling has cancelled another resale contract with Daewoo Shipbuilding & Marine Engineering (DSME), this time for the ultra-deepwater drillship due to a delay of delivery as well as a repudiatory breach of contract. The company’s subsidiary, West Libra Inc, has made...
https://splash247.com/fredriksen-terminates-another-drillship-deal-with-dsme/
Singapore-headquartered OSV owner Miclyn Express Offshore (MEO) has secured contract extensions for its fast crew boats in the Middle East. The extension is in Saudi Arabia with the existing client for the vessels Express 75 and Express 89 until May 2022. In addition, MEO has been awarded contract...
https://splash247.com/miclyn-express-offshore-secures-charter-extensions-in-the-middle-east/
Thailand’s Mermaid Subsea Services, a subsidiary of Mermaid Maritime, has struck a deal with PT David Marine, an affiliate of UAE-based Mubarak Marine, for the purchase of 50% ownership share in the 2011-built construction support vessel for $16m. The vessel is currently operating in the Persian...
https://splash247.com/mermaid-takes-50-in-mubarak-marine-csv/
Mitsui OSK Lines is joining the growing throng of owners queing up for energy ammonia technology to fuel the next generation of ships. Japan’s largest shipowner has signed a memorandum of understanding with engine maker MAN and compatriot Mitsui E&S Machinery to buy an ammonia-fuelled main engine...
https://splash247.com/mol-joins-queue-for-ammonia-powered-engines/
Australian OSV operator and services provider has been engaged by Resolve Marine to assist with salvage operations of the wrecked 2,700 teu containership X-Press Pearl off the coast of Sri Lanka. Beginning in late October, the 2016-built multipurpose support vessel (MPSV) will act as the primary...
https://splash247.com/mma-offshore-mpsv-to-support-x-press-pearl-salvage-operations/
The Swire Group has taken to rebrand the oldest part of the famous trading house’s business. Announced today, China Navigation (CNCo), one of the most venerable names in Asian shipping, is no longer. Henceforth it will be called Swire Shipping, consigning a 149-year brand to a group holding entity...
https://splash247.com/china-navigation-rebranded-swire-shipping/
On October 7th, 2021, “the Emergency Response Exercise” was carried out as a part of training of optimum emergency response prepared for any major maritime accidents. The scenario of the exercise developed when an Ore Carrier chartered by “K” Line collided with a Coastal Cargo Carrier when she was transiting in Tokyo Bay. We confirmed a series of emergency response process by setting crisis-management headquarters upon receiving an incident report, establishing communication channel with Ship...
https://maritime-professionals.com/how-to-carry-an-emergency-response-for-a-major-maritime-accident/
Definition of Piracy consists of any of the following acts:
(a) any illegal acts of violence or detention, or any act of depredation, committed for private ends by the crew or the passengers of a private ship or a private aircraft, and directed-
(i) on the high seas, against another ship or aircraft, or against persons or property on board such ship or aircraft;
(ii) against a ship, aircraft, persons or property in a place outside the jurisdiction of any...
https://maritime-professionals.com/piracy-and-armed-robbery-against-ships/
There’s a third generation of the Chung family at the helm of Hyundai Heavy Industries, South Korea’s largest shipbuilder. Chung Ki-sun, 39, the eldest son of Chung Mong-joon, has been appointed joint CEO of Hyundai Heavy Industries Holdings and Korea Shipbuilding & Offshore Engineering, a...
https://splash247.com/third-generation-chung-takes-the-helm-at-hyundai-heavy/