Samsung E&A has acquired a 9.1% stake in Nel ASA for approximately $33 million and signed a strategic partnership agreement.
With investor confidence taking a hit in the aftermath of political and fiscal woes, hydrocarbon exploration in a slump, and supply chain costs likely to rise, a postponement of plug and abandonment (P&A) assignments could hike the UK’s decommissioning bill by $5.5 billion.
Global Chartering Limited (GCL), a joint venture between Luxembourg-based steelmaker Arcelor Mittal and Greek shipping company DryLog, has formed a strategic partnership with Greece-based bunker supplier SEKAVIN to strengthen marine fuel supply and logistics.
Japan’s shipping heavyweight Mitsui O.S.K. Lines (MOL) is set to purchase LBC Tank Terminals, a Dutch tank terminal operator focused on handling and storing chemical cargo in Europe and the US, in a deal worth a whopping $1.7 billion. As disclosed, the deal was signed on March 7, 2025, and is now pe
The aft part of the highly customized hybrid power cable lay and construction vessel that VARD is building for the Japanese offshore wind market has arrived at the company’s Tulcea shipyard where it will be joined with the forward parts of the hull. The Norwegian ship designer and shipbuilder held t
Singapore-based shipowner Eastern Pacific Shipping (EPS) has teamed up with South Korean marine engineering solutions provider DongHwa Entec (DHE) for the installation of a high-pressure compressor on an LNG-fueled containership.
Greece has reaffirmed its commitment to constructing a subsea power link to Cyprus following reports that the project was halted over financial and geopolitical concerns, Reuters reported. The 1,240-kilometer Great Sea Interconnector, previously known as the EuroAsia Interconnector, is envisioned to
French shipbuilder Chantiers de l’Atlantique has entered a collaborative agreement with Finnish maritime software provider NAPA to enhance the efficiency of its hull design process by co-developing advanced 3D software and digital workflows.
Australia’s Port of Newcastle has signed a formal advisory agreement with Japan’s Mitsubishi Heavy Industries (MHI) to advance its Clean Energy Precinct (CEP) project.
Keppel Infrastructure Fund (KIF) and its co-investor have acquired a 100% stake in subsea cable solutions provider Global Marine Group (GMG) from investment affiliates of J.F. Lehman & Company, marking the fund’s first investment. The UK-headquartered GMG operates a fleet of six vessels and offers c
Canada’s shipping company Algoma Central Corporation has taken delivery of three new ships, including dual-fuel and methanol-ready product tankers, as part of its fleet modernization and diversification program.
DeepOcean, Solstad Offshore and Østensjø Rederi have christened and launched their advanced, 24-meter-long unmanned surface vessel (USV) Challenger, following several years of development. GONDAN Shipbuilders started the construction of the USV in March 2024, following the order from USV A/S, a join
WasteFuel and ITC have partnered to commence the front-end engineering design (FEED) on a green methanol biorefinery in Ankara, Türkiye.
Brazil and Norway have decided to establish a green shipping corridor between the two countries in an effort to contribute to zero-carbon emissions in maritime transport.
