Britain’s aluminium shipbuilder, The Wight Shipyard Co., has unveiled an all-share merger with the complementary French shipbuilder OCEA to create a combined group to capitalise on the fast ferry and offshore renewable energy markets opportunities.
BP saw its profit surge in the last quarter of 2021 as a result of higher oil and gas prices, refining margins, and stronger trading results.
German container shipping company Hapag-Lloyd plans to deploy the first of its twelve new 23,500+ TEU vessels in 2023, Lutz-Michael Dyck, Senior Director Strategic Asset Projects at Hapag-Lloyd, confirmed.
Shipbroker Simpson Spence Young (SSY) looks at what’s behind the rise of LNG prices and the impact this has on the LNG shipping market.
Following Saipem’s financial woes, Moody’s downgraded the company’s rating to B1 and placed all the ratings under review for downgrade.
Amid recovering from two years of coronavirus pandemic restraints, the U.S. Port of Oakland has revealed its plans to invest in a renewed, smart and zero-emissions port.
Tension Technology International (TTI) has launched a survey to check potential interest from the wave energy developers in its NetBuoy product.
Mitsubishi Shipbuilding has established Marine Decarbonation Business Development Group responding to the energy transition strategy promoted by the group.
Luxembourg-based shipping company CLdN ro-ro has ordered two hybrid 8,000 lane meter roll-on/roll-off (RoRo) vessels from South Korean shipbuilder Hyundai Mipo Dockyard (HMD).
Japanese shipping major Mitsui O.S.K. Lines (MOL) has concluded the acquisition of a 40 percent stake in Waterfront Shipping WFS), a subsidiary of Canadian methanol producer and supplier Methanex Corporation.
Irish firm XOCEAN is advancing to become the first company to commercialise uncrewed surface vessels (USV) for ocean data gathering with a €1.7 million grant secured from the European Maritime and Fisheries Fund (EMFF).
Energy intelligence group Wood Mackenzie sees green hydrogen as a key driver for net-zero economies and decarbonising global energy systems.
ExxonMobil booked a profit in the last quarter of 2021 amid a significant increase in revenues driven by a rebound in oil and gas prices.
German container shipping company Hapag-Lloyd reported an “extraordinary” strong operating result in 2021, driven by high freight rates.
