A primer for navigating the ‘ups and downs’ of marine money for domestic stakeholders. Vessel financiers are resourceful and adaptable to changing markets. On the domestic side, financiers of Jones Act and “brown water” assets have continued to serve their customers through shifting shoals in both broader capital markets and in the marine markets – both known for their ups and downs.
Genco Shipping & Trading announced that it has taken delivery of the Genco Endeavour and the Genco Resolute, both of which are 2015-built 180,000 dwt Capesize vessels.The Genco Endeavour and the Genco Resolute are the second and third of six vessels to be delivered to Genco as part of its recent agreements to acquire six high specification, fuel efficient Capesize and Ultramax vessels, which
Maersk Drilling has been awarded contract extensions for the high-efficiency jack-up rigs Maersk Resolute and Maersk Resolve by Petrogas E&P Netherlands B.V. and Wintershall Noordzee B.V., respectively. The extensions allow the two rigs to continue their high-performance operations in the North Sea. Maersk Resolute has been awarded a 56-day contract extension by Petrogas E&P Netherlands B.V.
Offshore energy support vessel (OESV) operator, Seacat Services, has secured a further charter agreement at Beatrice Offshore Wind Farm (Beatrice). This latest 2-year contract will see Seacat Mischief and her sister vessel, Seacat Magic, provide logistical support to manufacturer and service provider Siemens Gamesa Renewable Energy (Siemens Gamesa) throughout the operations and maintenance
The aircraft carrier USS Nimitz (CVN 68) with embarked Carrier Strike Group (CSG) 11 and Carrier Air Wing (CVW) 11, and Destroyer Squadron (DESRON) 9 arrived in the U.S. 7th Fleet area of operations (AOO) Oct. 25, after concluding operations in U.S. 5th Fleet. While in 7th Fleet
Maersk Drilling has been awarded two contract extensions in the North Sea. Both rigs have recently been re-activated to the North Sea from warm stacking. The estimated duration of the two extensions is 105 days. The high efficiency jack-up Maersk Resolve has been awarded a contract extension by Wintershall Noordzee B.V.
China will impose additional 25 percent tariffs on 659 U.S. goods worth $50 billion in response to the U.S. announcement that it will levy tariffs on Chinese imports, the Chinese commerce ministry said.Tariffs on $34 billion of U.S. goods including agricultural products such as soybeans will take effect from July 6, the ministry said.
Maersk Drilling said it has been awarded three consecutive contracts for the Maersk Resolute and a contract extension for the Maersk Resolve, both operating in the Dutch sector of the North Sea.“The North Sea continues to be a key market to Maersk Drilling, and with the new contracts for Maersk Resolute and the contract extension for Maersk Resolve