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).
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.