Italian product tanker owner and operator d’Amico International Shipping (DIS) has appointed Antonio Carlos Balestra di Mottola as its new chief executive officer. Balestra di Mottola, who has been the company’s chief financial officer since May 2016, will take the top job from Paolo d’Amico, who...
The first newcastlemax sales of the month are ticking in with brokers reporting Charalambos Mylonas-led Transmed has privately let go of two 203,000 dwt, Bohai-built big bulkers, the Newmax and the Cape Kallia, for $38m each. Both ships hit the water in 2012. Newmax is now renamed Rosebank and has...
John Fredriksen’s SFL Corporation has bought two LNG dual-fuel 33,000 dwt chemical tankers for approximately $114 and arranged long-term charters. The vessels are built in 2022 and 2023 and fitted with stainless steel cargo tanks. SFL also arranged long-term employment for the vessels with...
https://splash247.com/sfl-buys-dual-fuel-chemical-tanker-pair-fixes-them-out-to-stolt-tankers/
Oslo-listed OSV pure play Golden Energy Offshore Services (GEOS) is getting a new majority shareholder after Oaktree Capital Management offloaded its stake for $39.5m. Fleetscape, a fund managed by Oaktree and closely associated with GEOS chairman Fredrik Ulstein and board member Guillaume Bayol,...
https://splash247.com/geos-gets-new-majority-shareholder-as-oaktree-sells-out/
Commentators have been waxing lyrical about how AI is set to transform the maritime industry, and with good reason. Increasingly compelling use cases are emerging in applications such as route optimisation, safety of navigation, fuel efficiency, compliance, predictive maintenance, cargo management...
https://splash247.com/aboutships-how-ai-ready-is-your-maritime-business/
Greek owner Tsakos Energy Navigation (TEN) has confirmed the sale of an ageing aframax tanker as it continues its fleet renewal push. The New York-listed tanker and LNG carrier owner has offloaded the 2007 Sumitomo-built Izumo Princess for about $37m. The buyer was not named, but shipping databases...
https://splash247.com/ten-offloads-veteran-aframax-as-fleet-renewal-presses-ahead/
UK Maritime Minister Lord Davies of Gower has announced an £8m ($9.85m) funding boost to kickstart feasibility studies for smart shipping technologies such as AI, robotics, and autonomous vessels. The Smart Shipping Acceleration Fund, launched today in Southampton could result in innovations which...
https://splash247.com/uk-makes-more-funding-available-for-ai-and-smart-shipping/
HOUSTON, April 22 (Reuters) – As U.S. shale oil boomed last decade, an oil pipeline company pitched an ambitious multi-billion-dollar export port off the Texas coast to ship domestic crude to buyers in Europe…
https://gcaptain.com/as-shale-oil-gains-slow-deepwater-port-struggles-for-customers/
Danish shipping and logistics group Maersk has partnered up with compatriot wind turbine maker Vestas to set up a nacelle factory and logistical base at the Mokpo New Port hinterland complex in South Korea. A memorandum of understanding, signed in the presence of the Governor of Jeonnam Province...
https://splash247.com/maersk-sets-sights-on-offshore-wind-logistics-in-south-korea/
Peter Zickerman’s marine seismic player PXGEO has expanded its subsea offering through the acquisition of UK-based Modus Subsea Services. Modus Subsea Services is a provider of offshore life-of-field support services specializing in autonomous subsea operations using underwater intervention drones...
https://splash247.com/pxgeo-expands-with-modus-subsea-services-acquisition/