3+ day, 19+ hour ago   (413+ words) New Fortress Energy has sold two former Seadrill cylindrical semisubs for demolition, ending a four-year effort to repurpose the pair as floating LNG liquefaction facilities. VesselsValue’s latest demolition data lists the 2009-built Sevan Driller and 2012-built Sevan Brasil as sold…...

3+ day, 20+ hour ago   (415+ words) Polys Hajioannou-led Safe Bulkers has raised €80.4m ($93.5m) through a private placement, adding fresh capital to fund its growing newbuilding programme and potentially pursue further vessel acquisitions. The New York- and Athens-listed owner placed 12m new common shares with institutional and other eligible…...

4+ day, 22+ hour ago   (270+ words) Schoeller Holdings has returned to China’s Chengxi Shipyard for another four MR product tankers, doubling its 50,000 dwt series at the CSSC yard just months after completing deliveries of the first batch. Newbuilding sources put the latest quartet at $45m per vessel,…...

5+ day, 18+ hour ago   (416+ words) Italian offshore engineering contractor Saipem has picked up another piece of Turkey’s fast-expanding Sakarya gas development, securing the commissioning work for the country’s first floating gas production unit. GOE Petrol Sanayi has awarded Saipem an eight-month contract covering commissioning services…...

5+ day, 22+ hour ago   (160+ words) Greek tanker owner Kyklades Maritime Corporation has partnered with ShipMoney to introduce digital crew payment services across 18 vessels. The Piraeus-based company will use ShipMoney’s platform for wage advances and payouts to around 500 seafarers from Greece, the Philippines and the Balkans....

5+ day, 22+ hour ago   (242+ words) BW Ideol has secured more than £778,000 ($1.05m) in Scottish Government funding to move its planned floating wind foundation factory at the Port of Ardersier into front-end engineering design. Highlands and Islands Enterprise approved the funding following work with Scottish Development International....

6+ day, 23+ hour ago   (168+ words) South Korea has formally approved plans to merge its four major port authorities into a single national organisation, pushing ahead with one of the biggest shake-ups of the country’s port governance system in more than two decades. The government confirmed…...

6+ day, 23+ hour ago   (264+ words) Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for…...