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.
The bull market in the tanker sector continues to run, two years after its beginnings in the wake of Russia’s invasion of Ukraine.
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.