Reach Subsea Secures Multi-Year Black Sea Contract as Regional Offshore Activity Accelerates

Reach Subsea has secured a long-term contract in the Black Sea after converting a previously announced letter of intent into a firm agreement covering inspection, maintenance and repair (IMR) as well as light construction services in the region.  The Oslo-listed subsea services company said the deal is initially set for two years, with an option to extend it by an additional year. It also establishes a strategic partnership with an undisclosed regional offshore...

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Konecranes unveils new automation and predictive maintenance solutions for container terminals

Konecranes has introduced two new technology developments designed to strengthen automation and improve operational reliability across container terminals, with a clear focus on safety, efficiency and digitalisation.  The Finnish cargo handling specialist is now offering fully automated gantry long-travel operations for mixed-traffic container yards. The solution applies to both newly built automated rubber-tyred gantry cranes (A-RTGs) and as a retrofit option for existing fleets.  Built on the company’s A-RTG 2.0 concept,...

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Besiktas Eyes Quick Profit After Reselling MR Tanker at Higher Price

Turkish shipowner Besiktas is once again attracting attention in the tanker market after what brokers are describing as a highly successful short-term asset play involving an MR product tanker.  According to market sources, the company is selling the 50,000 dwt tanker Antalya for around $40 million. The vessel, built in 2016 at South Korea’s SPP Shipbuilding yard, was purchased by Besiktas only last October for approximately $33 million, when it was still trading under the name PTI Nile.  The...

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Filipino Seafarer Charged After $6.4 Million Cocaine Seizure on US-Bound Tanker

US authorities have seized approximately 227 kilograms of cocaine valued at an estimated $6.4 million from an aframax crude tanker arriving in Southern California, with a Filipino crew member now facing federal drug charges in connection with the case.  The operation was carried out jointly by Homeland Security Investigations (HSI) and the US Coast Guard after the tanker Aquatravesia arrived at the ports...

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