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Offshore Energy
Northern Offshore, based in Texas, has obtained a new contract for a jack-up rig off the coast of Oman, as reported by Offshore Energy. This assignment involves a nine-year-old rig and marks a significant operation in West Asia.
Seatrade Maritime
According to Seatrade Maritime, the LNG fleet capacity is projected to double by 2030 despite an increase in vessel demolitions. This growth is expected to be supported by a significant expansion in LNG production capacity, potentially balancing the rising vessel supply.
Seatrade Maritime
According to Seatrade Maritime, the container market has experienced volatility with cancelled sailings disrupting the expected pre-Lunar New Year rush, halting activities earlier than anticipated. This has affected market optimism as the Chinese holidays approach.
Splash247
According to Splash247, Shandong Marine has placed an order for four LNG carriers at Jiangnan Shipyard. These vessels, each with a capacity of 175,000 cubic meters, will be chartered to a unit of UK-based Shell upon delivery.
gCaptain
According to gCaptain, Panama's Supreme Court has annulled key port contracts held by a subsidiary of CK Hutchison, a Hong Kong-based company. This decision leaves the future ownership of some Panama Canal operations unclear and may impact the company's plans to sell certain terminals.
Offshore Energy
According to Offshore Energy, Seadrill has extended its contract with Equinor Brasil Energia for a drillship operating off the coast of Brazil. This extension secures the drillship's presence in the region for an additional year.
Seatrade Maritime
According to Seatrade Maritime, high rates in the dry bulk market could persist into 2026, led by capesize vessels, unless shipping activities return to the Red Sea. Bimco predicts a softer market in 2027.
Seatrade Maritime
According to Seatrade Maritime, Denmark and China have renewed their bilateral agreement to collaborate on green maritime technology and shipbuilding. This extension aims to enhance cooperation in sustainable maritime practices between the two nations.
Offshore Energy
According to Offshore Energy, Japan’s MODEC, Norway’s Eld Energy, and Delta Electronics have partnered to promote hydrogen use in the maritime sector by deploying solid oxide fuel cell (SOFC) technology on a floating production, storage and offloading (FPSO) vessel. This initiative marks the first application of SOFC technology in this context, supporting the energy transition.
Splash247
According to Splash247, President Donald Trump has appointed Laura DiBella as the new chairman of the Federal Maritime Commission. DiBella, previously the Florida secretary of commerce, was designated as chairman on January 28, filling a leadership gap at the US maritime regulator.
