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.
![A view over the deck of TORM Emilie at sea]( "A view over the deck of TORM Emilie at sea")
The bull market in the tanker sector continues to run, two years after its beginnings in the wake of Russia’s invasion of Ukraine.
![JAPAN--AMMONIA.jpg]( "JAPAN--AMMONIA.jpg")
IHI Corporation, Hokkaido Electric Power, Hokkaido Mitsui Chemicals, Marubeni Corporation, Mitsui & Co. and Tomakomai Futo have started a joint study to set up an ammonia supply chain.
One of the world’s largest offshore vessel owners Tidewater was a driver of consolidation in the sector towards the end of a lengthy downturn.
Tankers, dry bulk vessels, container ships, chemical tankers and offshore wind vessels all contributed to the first results from a new-look Euronav.
Nine QatarEnergy QC-Max LNG carriers ordered at Hudong-Zhonghua Shipyard will be chartered and operated by Nakilat.
Oslo-based ro-ro and vehicle logistics company, Wallenius Wilhelmsen (WW), has reported strong performance during the first three months of the year despite the impact of external events.
CVC Funds is becoming a minority investor in the coatings company which has been solely owned by Hempel Foundation for 75 years.
Cargo throughput at the north Chinese port of Qingdao was 172 million tons in the first quarter, a growth rate of 6.9% year-on-year.
IKEA Supply Chain Operations will ship between Asia and Europe using biofuels to reduce CO2 emissions by around 100,000 tonnes in a year.
