Adis Ajdin

1 week ago | splash247.com | Adis Ajdin

Greek containership owner Euroseas is set to lock in a strong return by selling a 20-year-old post-panamax vessel acquired less than four years ago. The Nasdaq-listed company has offloaded the 2005 Koyo Dock-built 6,350 teu Marcos V to an undisclosed, unaffiliated buyer for $50m. Euroseas originally bought the ship in November 2021 from Japanese owner Tokei Kaiun for $40m.

1 week ago | splash247.com | Adis Ajdin

Offshore rig owner Noble Corporation has secured work for its jackup Noble Innovator on the UK North Sea carbon storage project. The New York-listed Texas-headquartered driller has won a new contract from BP which will see the 2003-built ultra-harsh environment unit drill six firm wells for the Northern Endurance Partnership (NEP).

1 week ago | splash247.com | Adis Ajdin

Small-scale liquified natural gas (LNG) player Avenir has landed a charter extension with Excelerate Energy for one of its vessels. The London-based outfit with five LNG bunker ships on the water and two under construction has fixed the 2021-built Avenir Accolade on a multi-year deal, following Excelerate’s acquisition of New Fortress Energy’s LNG import and power businesses in Jamaica.

1 week ago | splash247.com | Adis Ajdin

China’s Jiangsu Ocean Shipping (JOSCO) has bolstered its containership orderbook with up to 10 newbuilds contracted at two compatriot shipyards. The shipping arm of Jiangsu Port Group has confirmed orders at Jiangsu Soho Chuangke Shipbuilding for up to four 3,000 teu vessels and revealed a fresh deal for up to six more 1,900 teu newbuilds at Huangpu Wenchong Shipbuilding.

1 week ago | splash247.com | Adis Ajdin

Dubai shipping firm Gulf Navigation (GulfNav) has officially put pen to paper on a deal to acquire the assets held by crude storage provider Brooge Energy. The takeover plan, announced in October 2023, involves a transaction worth $871m, of which $125m in cash, and the sale of the assets and subsidiaries of Brooge, including Brooge Petroleum and Gas Investment Company (BPGIC) FZE, Brooge Petroleum and Gas Investment Company Phase III FZE, and BPGIC Phase 3 Limited.