Stay informed with real-time maritime industry updates
gCaptain
gCaptain reports that in-water hull cleaning, when done reactively after macrofouling, often necessitates the use of aggressive mechanical force, which can damage hull coatings. This practice, though sometimes seen as necessary, has hidden costs that can impact vessel maintenance and efficiency.
Splash247
Navigator Holdings, as reported by Splash247, has secured a $133.7 million loan to finance two liquefied ethylene gas carriers currently under construction in China. The financing agreement was signed by subsidiaries Navigator Parsec and Navigator Pleione with ABN AMRO Bank, Crédit Agricole Corporate & Investment Bank, and Nordea Bank Abp.
Offshore Energy
The closure of the Strait of Hormuz, a critical chokepoint for global oil and LNG supply, could drive oil prices above $100 per barrel, according to analysts at Wood Mackenzie, as reported by Offshore Energy. This potential energy shock is reminiscent of price spikes during the Russia-Ukraine conflict.
Offshore Energy
MET International and Shell are expanding their long-term cooperation to increase LNG supply to Europe, as reported by Offshore Energy. The collaboration aims to bolster energy security and meet rising demand in the region.
Offshore Energy
OceanSTAR Engineering Holding has secured a contract with Petronas Carigali for leasing, operating, and maintaining an FPSO unit, as reported by Offshore Energy. This agreement marks a significant step in the Asian hydrocarbon redevelopment project led by Malaysia's Petronas.
Splash247
C Transport Maritime (CTM), a Bermuda-based dry bulk operator, has welcomed Japan's Tokyo Century Corporation and Norway's Barque as new shareholders, as reported by Splash247. The financial terms of the investment were not disclosed, but both companies have acquired equity stakes and appointed board representatives. CTM remains majority-owned by Bretta Navigation Corporation.
Offshore Energy
RFOcean, a European shipping company, has entered into a long-term agreement with ETFuels for a fixed-rate supply of e-methanol, as reported by Offshore Energy. This move comes as the company prepares for upcoming EU climate regulations.
Splash247
Brazilian offshore vessel owners OceanPact and CBO Group are set to merge, marking a significant consolidation in the country's offshore support vessel market, as reported by Splash247. The companies disclosed in a regulatory filing that CBO will be incorporated into OceanPact.
Offshore Energy
Norwegian energy company TGS has contracted two platform supply vessels (PSVs) managed by Remøy Shipping for operations in the North Sea, as reported by Offshore Energy. The vessels, both built in 2018, will support TGS's energy data and intelligence activities.
Splash247
Splash247 reports that AF Offshore Decom has contracted Boa Offshore for the transport of Ithaca Energy's FSU Alba and FPF-1. These units will be dismantled and recycled at AF Environmental Base Vats in Norway.
