Latest News for: Vessel values


Suspected cocaine worth 157 million euro found in Ireland’s biggest drug seizure

AOL 27 Sep 2023
A total of 2,253 kilogrammes of suspected cocaine with a street value of 157 million euro has been seized from a cargo vessel off the south-east coast of Ireland ... The agencies said the seized MV Matthew is a Panamanian-registered bulk cargo vessel originating in South America.

Equinor gives go-ahead for $3.8bn investment in Rosebank offshore oil field

Splash24/7 27 Sep 2023
The field will be developed with subsea wells tied back to a redeployed floating production storage and offloading vessel (FPSO), with start-up planned in 2026-2027 ... TechnipFMC has been awarded an iEPCI contract for subsea production systems, umbilicals, risers and flowlines with an estimated value of around $500m for the local content part.

Enova grants Viridis $14m in funding for ammonia-powered bulker duo

Splash24/7 26 Sep 2023
The two ammonia-powered bulkers, designed by Kongsberg Maritime, will have a similar sailing range as the current fleet of short-sea bulk vessels and will maintain the crew and societal safety at the level of conventional vessels ... by the time the vessels start operations.

Large quantity of drugs found on board container vessel off Cork coast

The Irish Times 26 Sep 2023
Large container vessel impounded off Cork coast just 24 hours after trawler runs aground off Wexford. A cargo vessel named MV Matthew is escorted into Cobh in Co Cork by the Irish Navy after a 'significant quantity' of suspected drugs were found onboard ... While the value of the ...

Peta Murgatroyd and Maksim Chmerkovskiy Dish on 'Dancing with the Stars' Host, Future of Show ...

The Post and Courier 26 Sep 2023
For me, cards were a glorified vessel for cash, it could have been just an envelope really, for me. Peta did teach me the value of personalizing and writing messages ... And so, for me, that’s the value here, is that somewhere that I go, they don’t just enjoy my company, they also ...

Tidewater Engages Caterpillar for Global Fleet Management

The Maritime Executive 25 Sep 2023
(Tidewater), a global leader in the offshore support vessel (OSV) industry, announced today the execution of a Global Value Agreement (GVA) for Tidewater’s worldwide footprint of vessels that support the offshore energy industry ... Cat engines, increasing vessel uptime.

Pyxis Tankers gets $40.7m from US buyer for eight-year-old MR2

Splash24/7 22 Sep 2023
“On completion of this latest asset disposition, our substantial cash position and low leverage will further increase our operating and financial flexibility to potentially pursue additional vessel purchases as well as other corporate and strategic initiatives that should enhance shareholder value,” added Valentis.

BOC seizes P5.8M smuggled fuel in Zamboanga City

Manila Bulletin 21 Sep 2023
Seized from the vessel were 89,600 liters of Diesel Fuel worth approximately P5.8 million, and the vessel itself has an estimated value of P3 million ... “The vessel and its cargo are now under the custody of the BOC for the conduct of seizure and forfeiture proceeding for violating ...

Shipping, Ports and Logistics Enable Shift to Sustainable Energy

The Maritime Executive 21 Sep 2023
As the maritime industry looks ahead and dives deeper into the complexities of the three value chains – production, storage and consumption – it becomes clear that shipping is more than a spectator in the global green energy revolution ... Conversely, new, compliant ships might see a relative increase in market value.

Don’t get caught out by fraud and never let crime pay, says IUMI

Tanker Operator 21 Sep 2023
It was reported that the vessel was under attack by Somali pirates off Aden who (it was said) had fired rocket-propelled grenades into the vessel causing a fire in the accommodation block ... Although the vessel was purchased for US$46 million, its value in June 2011 was only US$13.5 million but it had been insured for US$77 million.

Positive Year for Hull Underwriters but Change is on the Horizon, Says IUMI

The Maritime Executive 20 Sep 2023
This was largely due to a combination of growing activity, increased vessel values and reduced market capacity ... From an underwriting perspective, inflation has not only been applicable to vessel repairs and claims but also to general office overheads ... This will increase the value of the global fleet and, consequently, the level of risk to be covered.

IUMI presents trends and threats in the maritime industry

SAFETY4SEA 20 Sep 2023
This was largely due to a combination of growing activity, increased vessel values and reduced market capacity ... Ilias Tsakiris also added that from an underwriting perspective, inflation has not only been applicable to vessel repairs and claims but also to general office overheads ... Inflation and its impact on asset values was also a factor.

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File - Donald Trump speaking with attendees at the 2023 Turning Point Action Conference in West Palm Beach, Florida
Creative Commons / Gage Skidmore
In this photo released by Azerbaijan's border guard service on Wednesday, Sept. 27, 2023, Azerbaijan's border guard officers pose with detained Ruben Vardanyan, center, in Nagorno-Karabakh. Azerbaijan says it has detained the former head of Nagorno-Karabakh's separatist government as he tried to cross into Armenia following Azerbaijan's 24-hour blitz last week to reclaim control of the enclave. The arrest of Ruben Vardanyan was announced by Azerbaijan's border guard service.
AP / Azerbaijan's border guard service via AP