Shipping News revived

ombugge September 4, 2024, 8:15pm 464

KNOT Offshore Partners bags vessel swap deal with parent - Splash247

Shuttle tanker player KNOT Offshore Partners is swapping ships with parent Knutsen NYK Offshore Tankers (KNOT) via a sale and purchase deal that will see it end up with a 10-year younger and larger model. The New York-listed firm has agreed to buy...

Estimated reading time: 2 minutes

Knutsen Group

Tuva Knutsen - Knutsen Group

ombugge September 5, 2024, 1:28pm 465

Splash247 – 5 Sep 24

New study suggests banks provide cheaper loans to greener shipping companies,...

A new study by UCL Energy Institute on the relationship between financing terms and climate performance of shipping companies reveals what its authors terms as a “troubling trend” of green financing. The research paper in a sustainability...

Estimated reading time: 4 minutes

Splash247 – 5 Sep 24

Oldendorff forms sustainability centre with Scottish university - Splash247

In admitting its frustration with the shipping’s slow green path, Germany’s Oldendorff Carriers has announced it is setting up a research centre for maritime sustainability with the University of Strathclyde (UoS) at the university in the centre of...

Estimated reading time: 2 minutes

Looks like not all banks and shipowners think the same way as tugsailor: European Short Sea ship design - #52 by tugsailor

ombugge September 10, 2024, 12:14pm 466

Fleet expansion is flavour of the week:

Splash247 – 10 Sep 24

HMM details $17.5bn expansion plans - Splash247

South Korean flagship HMM today unveiled its expansion plans through to the end of the decade, setting aside a massive KRW23.5trn ($17.48bn) that will see its container fleet nearly double while its tanker and dry bulk fleets will triple in size come...

Estimated reading time: 1 minute

Among the outlay for the state-run line, HMM will spend KRW11trn to up its boxship fleet to 130 vessels of 1.55m slots. Alphaliner data shows the Korean line today has a fleet of 868,227 slots, marking it down as the eighth largest liner in the world. Also noteworthy is the KRW5.6trn earmarked to expand the company’s dry bulk and tanker business from today’s 36 ships to 110 vessels of 12.56m dwt.

Splash247 – 10 Sep 24

Pertamina International Shipping lays out plans to grow fleet to 500 ships -...

Major state-run Asian lines making massive expansion plans is becoming a theme this September. Splash reported today on HMM, South Korea’s flagship, earmarking $17.5bn for expansion through to the end of the decade, while COSCO, China’s largest...

Estimated reading time: 1 minute

PIS’s goals through to 2034, in an updated business plan, call for a tripling of revenues to $8.9bn and to grow the fleet to 500 ships – 200 owned and 300 chartered in.
Currently, PIS has 320 ships in its fleet, 120 of which are owned by the company.

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