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Offshore

CORE POWER and Westinghouse partner for floating nuclear power plants

Westinghouse Electric Company and CORE POWER announced the formalization of a cooperative agreement for the design and development of a floating nuclear power plant...

Solstad Offshore announces multiple new contracts worth $60m

Solstad Offshore ASA announced multiple new contracts and contract extensions, representing around 900 vessel days. The combined value of the contracts is approx. USD...

Solstad Offshore: Contract award for Normand Maximus

Solstad Offshore ASA announced a contract award with an undisclosed client for the subsea construction vessel “Normand Maximus.” The contract has a duration of 1...

Golden Energy Offshore reports profitable quarter

Golden Energy Offshore Services reported total revenues of NOK 130 million compared with NOK 52.8 million in the same quarter last year, 146 %...

Keppel secures control of legacy rigs to accelerate asset monetisation plans

Keppel, on the back of improving conditions in the offshore rig market, will secure control over the 13 legacy rigs held by Rigco Holding...

Petrobras outlines $111 billion, five-year spending proposal

Petrobras plans to boost spending on new oil drilling and other projects by almost 9% to $111 billion in the next five-year plan. The Brazilian...

NOL signs strategic alliance agreement with Springfield

Northern Ocean announced a contract award for Deepsea Bollsta from Equinor Energy AS, a subsidiary of Equinor ASA, for work in Norway. The contract...

DNV, Seatrium to collaborate in marine & offshore industries

DNV has signed a Memorandum of Understanding with Seatrium, a leading engineering solutions provider to the offshore and marine industries, to cooperate on strategic...

Bourbon Logistics wins new integrated logistics contract in Namibia

BOURBON announces that it has been awarded a new fully integrated logistics contract by an Oil & Gas major operator to support its exploration...

Bumi Armada, MISC sign MoU to explore offshore business merger

Bumi Armada Bhd has signed a non-binding memorandum of understanding with MISC Bhd to explore the possibility of merging with the latter’s offshore business...

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TotalEnergies completes the transfer of its 10% interest in Arctic LNG 2

As mentioned on the occasion of the presentation of the 2nd Quarter 2026 Results, TotalEnergies confirms that the transfer of its 10% interest in...

Orient Overseas Limited announces 2026 interim results

Orient Overseas (International) Limited Announced 2026 Interim Results​. Group Revenue of US$5,173 million Group EBIT of US$728 million Group EBITDA of US$1,255 million Operating Cash Flow of US$819 million Profit Attributable to...

BW LPG Limited – Financial results for Q2 2026

BW LPG reported another strong quarter in Q2 2026. Highlights Q2 2026 Financial performance Q2 2026 profit attributable to equity holders of the Company was US$120...

Frontline reports “best quarterly profit ever”

Frontline plc reported unaudited results for the six months ended June 30, 2026: Highlights Reported the best quarterly profit ever of $659.2 million, or $2.96 per...

EXMAR announces half year 2026 results

 EXMAR Shipping delivered a resilient first-half performance despite geopolitical uncertainty, evolving regulations and changing trade flows. The segment reported stable revenue year-on-year in challenging...

Two killed in oil tanker fire off South Korea, Yonhap reports

Two crew people were killed on ​Thursday after a fire ‌broke out aboard an...

Shipping traffic through Strait of Hormuz rises slightly, data shows

Shipping traffic at the Strait of Hormuz rose slightly even as a geopolitical standoff...

TORM announces Q2 2026 results, dividend distribution, and financial outlook 2026

In the second quarter of 2026, TORM (Nasdaq: TRMD or TRMD A) generated time...

Iran and Oman discuss temporary Hormuz corridor as impasse with US drags on

Iran said it had restarted talks ​with neighbor Oman to manage the Strait of...

Panama Canal auction hits new record at $5.3 million

A shipper needing to transit the Panama Canal bid a record $5.3 million to...

PPA: New framework for investments in ports and logistics

Piraeus Port Authority (PPA) has expanded its scope of business activity following shareholders’ approval of amendments to the corporate charter, paving the way for...

Piraeus container traffic shows signs of recovery as ships return to Suez Canal

Signs of improvement are emerging in container traffic at Terminals II and III at the Port of Piraeus, as the gradual return of containerships...

Port of Los Angeles posts second-best July on record, cargo volume remains strong

The Port of Los Angeles processed 960,464 Twenty-Foot Equivalent Units (TEUs) in July, making it the second-busiest July in the Port’s history. The strong...

Announcement of Notification to Submit a Voluntary Conditional ‎Cash Offer to Acquire AD Ports Group Shares

AD Ports Group, a leading global facilitator of trade, ‎logistics, and industry, announces that it has received a notification from L’IMAD Holding Company PJSC...

DP World Expands Cold Chain Capabilities With New €48m Antwerp Hub

DP World will build a new temperature-controlled logistics hub in the Port of Antwerp. The project begins with an initial investment of EUR 48...