Maritime Vessels Directory

Ukraine accused Russia on Thursday of using strategic bombers to hit a civilian grain vessel with a missile in the Black Sea in NATO member Romania's maritime economic zone, in what it described as a "brazen attack" on freedom of navigation.President Volodymyr Zelenskiy said the vessel carrying Ukrainian grain to Egypt had been hit by a Russian missile just after it exited Ukrainian territorial waters, and that there were no casualties according to a preliminary assessment.There was no immediate comment from Russia.

Risky Salvage of Houthi-hit Tanker Sounion to Restart This Week

3 hours ago

Experts will this week resume a risky operation to salvage the Sounion tanker which was attacked by Yemen's Houthis in the Red Sea last month and still holds about one million barrels of crude oil, maritime sources said on Thursday.The towing of the Greek-registered vessel - which was struck, lost power and caught fire on Aug. 21 - was paused after it was deemed unsafe by the companies initially involved in the project.Officials have said the towing operation will be particularly delicate, given the full load and a host of other factors.

German Parliament Greenlights Rescue Plan for Shipbuilder Meyer Werft

20 hours ago

Germany's lower house of parliament and the state parliament of Lower Saxony have approved the rescue of Meyer Werft, one of the world's biggest cruise ship builders, members of the budget committee told Reuters on Wednesday.Although the shipbuilder's order books are full, it has an almost 2.8 billion euro ($3.1 billion) financing gap due to the delayed effects of a demand dip during the COVID-19 pandemic.The German government and that of the state of Lower Saxony, in northwestern Germany, want to rescue Meyer Werft to secure thousands of jobs in the structurally weak Emsland region.

Offshore Driller Seadrill Has Its Sites Set on Asset Acquisitions, M&A

23 hours ago

Offshore drilling contractor Seadrill is looking to buy more assets or create a larger player by merging with peers, the company's CEO said on Wednesday.Norwegian-born billionaire John Fredriksen lost the control of the company, once the world's largest driller by market cap, to its creditors over two debt restructurings since 2014.Now a much leaner and smaller company, New York-listed Seadrill itself is looking to buy distressed assets or players with "distressed balance sheets", CEO Simon Johnson told an investor conference in Norway."We are not going to do anything crazy, we've proven our discipline," he said.

UK Hits at Russia's 'Shadow Fleet' with Fresh Vessel Sanctions

yesterday

Britain has slapped sanctions on 10 further ships in Russia's so-called "shadow fleet" of vessels which it says use illicit practices to avoid Western restrictions on Russian oil.Russia rejects Western pressure to limit its oil exports, and in the past year there has been a growth in the number of tankers transporting cargoes that are not regulated or insured by conventional Western providers."Today’s sanctions further undermine Russia’s ability to trade in oil via its shadow fleet," British foreign minister David Lammy said in a statement on Wednesday.The foreign ministry said the action taken brought the total number of ‘shadow fleet’ vessels designated to 25.

Maritime Reporter and Engineering News (September 2024)