CIMC Enric Holdings, the energy, chemical and liquid equipment unit of CIMC, reports RMB26.9 billion in orders on hand as at the end of March 2024, representing a significant increase of 41.9% year-on-year.
The Ministry of Energy and Infrastructure of the United Arab Emirates (UAE) and the Panama Maritime Authority (AMP) have inked a Memorandum of Understanding (MoU) giving new incentives to vessels flagged in Panama.
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.