The past year has seen a resurgence in offshore marine activity, first on the back of economic recovery and then on shifts tied to the war in the Ukraine, the same tides that are lifting the tanker stocks to near-term high levels.
The consortium seeking to finalise the takeover of UAE fabrication and engineering specialist Lamprell has urged shareholders to accept its offer.
This year’s upturn in the offshore market looks ‘more entrenched and broader-based’ than the last short recovery of 2018/19 prior to the onset of the pandemic.
The push towards using ammonia as a fuel is gaining momentum in Asia with three major projects announced in the last week.