The renewables sector is set to be the big opportunity for offshore marine, but vessel owners will need to adapt to a new business model, according to a panel discussing energy transition at Seatrade Maritime Middle East Virtual.
NYSE-listed Seacor Holdings is being taken over by private equity firm American Industrial Partners (AIP) further reducing the roster listed shipping equities in the US.
Oslo-listed Awilco Drilling is contesting Singapore-based Keppel FELS’ unilateral decision to terminate a contract for the construction of a semi-submersible drilling rig worth about $425m.
Japan’s Mitsui OSK Lines (MOL) has joined a corporate-academic partnership to develop zero-emission vessels to be powered by hydrogen fuel and wind.