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Keppel Corp posts 9% drop in full-year profit

Singapore’s Keppel Corp said on Thursday its net profit for the year fell 9%, partly hurt by weak performance from its urban development business...

Maersk Supply Service awarded its largest solutions contract to-date in Búzios field, Brazil

Maersk Supply Service signed an assignment agreement with TechnipFMC for the comprehensive towing and mooring campaign of Petrobras’s Búzios 6 Project (seventh module of...

World’s first wind-powered RoRo vessel secures EUR 9M in EU funding

Wallenius Wilhelmsen and project partners have secured a Horizon Europe funding totalling EUR 9m to support building a RoRo sailing vessel. Over the next...

Germany Receives Third Floating LNG Terminal

A floating terminal to import liquefied natural gas (LNG) arrived in the German port of Brunsbuettel on Friday, the third such vessel to start...

Crowley, ESVAGT Venture Selects Fincantieri Marine Group to Build Wind Farm Service Operation Vessel

Fincantieri Marine Group reached agreement on a contract with CREST Wind, a joint venture between Crowley and ESVAGT, to design and build a 288-ft. HAV...

Marco Polo Marine Secures Landmark Partnerships In Korean Offshore Wind Market

Marco Polo Marine announced the signing of a landmark Memorandum of Understanding with Namsung and HA Energy, to jointly pursue synergistic offshore wind vessel...

Siem Offshore awarded contract extension for OSCV Siem Barracuda

Siem Offshore has been awarded a contract extension of 7 months firm for the OSCV Siem Barracuda on the Hywind Tampen project for client...

North Sea Producers to Explore Electrifying Oil and Gas Fields

North Sea producers BP, Equinor and Ithaca Energy on Tuesday signed an agreement to study the electrification of oil and gasoffshore production facilities in West of Shetland...

Sembcorp Marine Clinched Newbuild FPSO P-82 Contract from Petrobras

Sembcorp Marine, through its wholly-owned subsidiary, Sembcorp Marine Rigs & Floaters Pte Ltd, has been awarded an EPC (Engineering, Procurement and Construction) contract for...

DOF SUBSEA awarded multiple contracts in the Gulf of Mexico

DOF Subsea USA is pleased to announce the award of multiple contracts in the Gulf of Mexico. The region has received a contract award...

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Keppel Corp posts 9% drop in full-year profit

Singapore’s Keppel Corp said on Thursday its net profit for the year fell 9%, partly hurt by weak performance from its urban development business...

Stolt-Nielsen sees Q4 profits rise on strong markets

Stolt-Nielsen Limited reported unaudited results for the fourth quarter and full year 2022. The Company reported a fourth-quarter net profit of $95.3 million, with revenue...

Euronav delivers better-than-expected Q4 revenue

Euronav NV reported its non-audited financial results for the fourth quarter ended 31 December 2022. Hugo De Stoop, CEO of Euronav said: “Constrained vessel supply...

Wartsila: A challenging year with strong annual growth

HIGHLIGHTS FROM OCTOBER–DECEMBER 2022 Order intake decreased by 24% to EUR 1,638 million (2,150)Service order intake increased by 6% to EUR 791 million (747)Net sales...

Hapag-Lloyd achieves extraordinarily strong result in its anniversary year 2022

On the basis of preliminary and unaudited figures, Hapag-Lloyd has concluded the 2022 financial year – in which it celebrated its 175th anniversary –...

Baltic index hits over 2-year trough on waning demand for larger vessels

The Baltic Exchange’s dry bulk sea freight index dropped to its lowest level in...

Luxury Cruise Market Holds Much Promise For Greek & East Med Hidden Gem Destinations

The appeal of Greece and the East Mediterranean as an ideal region for luxury...

Baltic index falls to over 2-year low as larger vessel rates slide

The Baltic Exchange’s dry bulk sea freight index fell to its lowest since June...

Baltic index logs worst month in 3 years

The Baltic Exchange’s main sea freight index registered its biggest monthly percentage fall in...

Baltic index snaps 9-day losing streak as panamax, supramax rates rise

The Baltic Exchange’s main sea freight index snapped its nine-session losing streak on Tuesday,...

DP World wins bid for development of a mega-container terminal at India’s Deendayal Port

DP World has won a major concession to develop, operate and maintain the mega-container terminal at Deendayal port in Gujarat, on the western coast...

Luxury Cruise Market Holds Much Promise For Greek & East Med Hidden Gem Destinations

The appeal of Greece and the East Mediterranean as an ideal region for luxury cruising will be one of the main highlights of the...

Port of Los Angeles proposes cruise terminal project

The Port of Los Angeles is inviting comments on a draft Request for Proposals (RFP) for the future development of a new Outer Harbor...

Port of Long Beach Closes 2022 with Second-Busiest Year

The Port of Long Beach marked its second-busiest year on record by moving 9.13 million twenty-foot equivalent units in 2022, allowing for a return...

Hapag-Lloyd AG acquires share in J M Baxi Ports & Logistics Limited

Hapag-Lloyd AG signed a binding agreement today under which it will acquire 35% of J M Baxi Ports & Logistics Limited (JMBPL) from a...