One of the world’s largest offshore vessel owners Tidewater has reaped the benefits of consolidation at a time when the market was in a lengthy downturn and remains hungry for more.

Diversions of container ships via the Cape of Good Hope has resulted in a continuous reconfiguration of port calls and vessel sizes on services as carriers adjust Asia to Europe loops to cope with the latest demands.

Norway’s Island Offshore has signed a one, option two, contract with ship designer and builder, Vard, for an ultra-flexible hybrid power DP2 ‘ocean energy construction vessel’ due for delivery in the first quarter of 2027.

IKEA Supply Chain Operations will ship between Asia and Europe using biofuels to reduce CO2 emissions by around 100,000 tonnes in a year.

Intermarine has moved into bulk shipping services under the new brand Intermarine Bulk Carriers.

Seafarer pay and conditions are in the spotlight in the UK after a Parliamentary Committee grilled P&O Ferries CEO, Peter Hebblethewaite.