Empire Offshore Wind, a joint venture between Norwegian state company, Equinor, and energy major bp, have pulled out of a wind farm contract at Seatrium valued at more than $250 million.

Singapore shipyard group Seatrium has secured a contract from Shell Offshore Inc to construct and integrate the hull, topsides and living quarters of the Sparta semi-submersible Floating Production Unit (FPU).

The Port of Antwerp-Bruges and Belgian shipping and cleantech group CMB.TECH have launched the Hydrotug 1, the world’s first hydrogen-powered tugboat.

Japanese engineering giant Toyo Construction has placed a major order with Vard, a Fincantieri subsidiary, for a $200 million+ hybrid cable-laying and construction vessel.

China Offshore Engineering & Technology has signed a batch of strategic cooperation agreements with DNV, Fujian Shipbuilding Industry Corporation and Bureau Veritas (BV).

The influence of family-owned businesses remains strong in shipping casting a strong influence on the potential for mergers and acquisitions in the sector.

Private Chinese shipbuilder Yangzijiang Shipbuilding announced the sale of a self-elevating mobile offshore jack-up drilling rig from a previously terminated contract.

AD Ports Group is growing its offshore marine business acquiring 10 vessels of Mexican operator E-NAV.

The nascent US offshore wind business continues to see fallout from the inflationary pressures which have emerged over the past year in the States.