NYK has ordered two new heavy lift vessels from Nanjing Jingling Shipyard as it seeks to leverage on business such as wind turbine blade cargoes.

Terminal operator and maritime services company DP World a  22% jump in first half profit to $753m as diversification pays off against an uncertain global economic backdrop.

A rebound in offshore project sanctioning could see some $123bn worth sanctioned this year boosted by $18bn in recent commitments by Saudi Aramco, according to Rystad Energy.

Offshore vessel owner and operator Topaz Energy and Marine has continued to perform strongly in the first half of 2019 with an 87% utilisation rate for its fleet.

The world’s largest mobile harbour crane has arrived in the Danish port of Esbjerg as it gears up to handle ever larger wind turbines and offshore installations.

DryShips Inc chairman and ceo George Economou will take his company private following an approved ‘plan of merger’ to acquire all of the company’s outstanding shares currently held by outside investors.

Oil Companies International Marine Forum (OCIMF) has been ordered by the High Court in London to reinstate the accreditation of one of its senior surveyors, and pay damages amounting to GBP126,841 ($153,985).

Seadrill Limited and Gulf Drilling International (GDI) have entered into a joint venture to form GulfDrill that will initially manage and operate five jackups for Qatar Petroleum in Qatar.

Oil major Shell is making moves to support the global development of maritime energy storage solutions as it invests in Corvus Energy via Shell Ventures.