DNB Bank was hit by NOK7.42bn ($906) in impairments losses on loans and guarantees in 2016, with shipping and offshore major culprits.
A trio of companies, AkzoNobel, DroneOps and Barrier Group, have teamed up to develop a drone capable of remotely inspecting ballast water tanks and offshore wind farms.
Greencarrier Freight Services has set up an office in Polarbase in the Far North of Norway to service the oil and gas industry in the Barents Sea.
McDermott International has been awarded a contract from Saudi Aramco for engineering, procurement, construction and installation (EPCI) services in the Safaniya and Zuluf fields offshore Saudi Arabia.
Keppel Corp is closing three of its yards in Singapore and two overseas as the “very long harsh winter” in offshore and marine continues.
China’s Cosco (Nantong) Shipyard has won an order to build one multipurpose wind farm support vessel for Everbright International (Hong Kong) Offshore.
Arctic shipping and the North Sea Route (NSR) could receive a boost from the coming into force of the Polar Code and thawing of relations between the US and Russia…