Adis Ajdin - 26/07/2021

GSI secures new order for 16,000 teu boxship pair linked to MSC

CSSC-affiliated Guangzhou Shipyard International (GSI) has entered into a shipbuilding contract with China Shipbuilding Trading and CMB Financial Leasing for two 16,000 teu containerships linked to Mediterranean Shipping Co (MSC). The scrubber-fitted LNG-ready pair follows the first batch of six 16,

A Adis Ajdin
Adis Ajdin - 26/07/2021

Taylor Maritime Investments raises $75m in oversubscribed placing

London-listed Taylor Maritime Investments has raised $75m through the issue of more than 65m new ordinary shares issued at $1.15 per share to acquire up to six handysize bulk carriers. The placing was oversubscribed and a scaling back exercise has been undertaken. The Guernsey-incorporated firm expe

A Adis Ajdin
Adis Ajdin - 26/07/2021

Alpha Adriatic eyes secondhand acquisitions with new joint venture

Croatian shipping firm Alpha Adriatic, former Uljanik Plovidba, has partnered with Dutch consultancy and investment company DC Maritime Partners, looking to strengthen its portfolio in the tanker and bulker sector. The Pula-based company has signed a deal through its subsidiary United Shipping Servi

A Adis Ajdin
Adis Ajdin - 26/07/2021

TotalEnergies seals offshore wind power purchase deal with Air Liquide

TotalEnergies, through Lampiris, its energy supply affiliate in Belgium, signed a power purchase agreement with industrial gas supplier Air Liquide for a total capacity of 15 MW of offshore wind electricity. TotalEnergies will supply 50 GWh per year of renewable electricity over a period of 15 years

A Adis Ajdin
Adis Ajdin - 26/07/2021

Steve Myers to oversee North Star Renewables SOV fleet

North Star Renewables has created a new senior leadership role to oversee the company’s service offshore vessel (SOV) fleet within the offshore wind industry. Steve Myers has been appointed as SOV operations director, overseeing all operational aspects of the company’s growing fleet of SOVs and asso

A Adis Ajdin
Sam Chambers - 26/07/2021

Newbuild prices under pressure as steel plate prices surge

Sharply contrasting fortunes from two Korean conglomerates last week have sparked conjecture on whether newbuild prices will head further north. Hyundai Heavy Industries, the nation’s largest shipbuilder, reported a Q2 loss last week, citing soaring steel plate losses for its red ink performance, wh

S Sam Chambers
Andrew Craig-Bennett - 26/07/2021

Let’s not talk about nuclear ships

You need a degree in physics to understand the subject of nuclear-powered ships. The technical issues that come with nuclear power at sea are not easy for an amateur, such as a generalist manager, to understand, and unless you can chat about why Hyman Rickover didn’t want liquid salt cooled reactors

A Andrew Craig-Bennett
Adis Ajdin - 26/07/2021

Transnet identifies source of cyber threat at South African ports

Transnet is working to bring its operations back to normal following a cyber attack on Thursday. The South African logistics group said it has found the source but it is yet to identify it and the nature of the attack. “Transnet has identified and isolated the source of the disruption on its IT syst

A Adis Ajdin
Sam Chambers - 26/07/2021

DP World and Rosatom partner on Arctic shipping venture

Dubai-based terminal operator DP World has anounced it will work with Russian state nuclear energy firm Rosatom to develop pilot container shipping routes between Northwest Europe and East Asia through the Arctic. Rosatom is a designated sole infrastructure operator of the Northern Sea Route which i

S Sam Chambers