CIMC Enric Holdings Limited announced that its subsidiary, Nantong CIMC Sinopacific Offshore & Engineering, has acquired the assets of bankrupt Qidong Fengshun Ship Heavy Industry in an online auction.
Three leading Japanese marine engine manufacturers have formed a joint venture to develop hydrogen-fuelled propulsion systems.
Spanish utility group Iberdrola SA and wind tower maker Windar Renovables SL and Spanish state-owned shipbuilder Navantia have signed a framework agreement for the supply of monopile foundations for the 2023-2025 period.
China Classification Society (CCS) has announced the successful surveying of the world’s first 100,000 dwt deepwater semi-submersible floating production storage and offloading installation (FPSO).
Grandweld Shipyards in the UAE has delivered the second in a series of three crew boats to Allianz Middle East Ship Management.
Drilling contractors and offshore service (OFS) providers should seek consolidation as soon as possible to secure their long-term future. This is one of the conclusions of Maritime Strategies International’s latest MODU Market Report.
Demand for floating storage and regasification units (FSRU) is buoyant as the global LNG sector bounces back from last year’s temporary blip.
There is set to be a surge in demand for wind farm installation and maintenance vessels as the number of offshore projects grows around the world.