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Houston-based offshore contractor McDermott has been selected by UK supermajor Shell for an enterprise framework agreement for engineering and procurement services and integrated project ...

A consortium consisting of NYK Line, NTT Facilities, Eurus Energy Holdings, MUFG Bank, and the city of Yokohama has signed a memorandum of understanding to build an offshore floating green data ...

Ingka and Oxan have acquired Hexicon’s 50% stake in the two projects for an upfront payment of €2.5m. Due to certain conditions, the total potential consideration could reach €20m. The ...

Thoresen Thai Agencies has bolstered its dry bulk fleet with a supramax purchase on the secondhand market. The Bangkok-based listed owner said in a filing it had acquired an unnamed 2012-built ...

Li Ka-shing’s CK Hutchison reached a blockbuster mega deal with BlackRock and Mediterranean Shipping Co (MSC) to sell 80% of its giant ports division for $22.8bn in a record-breaking ports ...

Newbuild prices have soared in the 2020s, one of the most profitable decades for shipping. As an example, Evergreen’s latest deal works out at more than $100m more per ship compared to the $164m ...

The hydrocarbon arm of Indian engineering conglomerate Larsen & Toubro (L&T) has received a contract for work on QatarEnergy LNG’s North Field production sustainability offshore compression project.

Ørjan Lunde is stepping down as CEO of Norwegian shipowner Kristian Gerhard Jebsen Skipsrederi (KGJS) to return as chief financial officer at Odfjell Drilling, effective from September 1.