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Volkswagen Group has agreed to sell a 51 percent stake in Everllence, the rebranded MAN Energy Solutions, to private equity firm Bain Capital in a leveraged buyout expected to generate proceeds of approximately US$8.4 bi…
Italian grid operator Terna and Tunisian electricity and gas company STEG have awarded Hitachi Energy a contract worth approximately US$873 million to build the converter stations for the Elmed electricity interconnectio…
Along the shores of Mida Creek in Watamu on Kenya's Indian Ocean coast, fishers and fishmongers are confronting a combination of declining stocks, warming waters, destructive fishing practices, and growing competition fo…
A wave of new marine energy storage system launches and partnerships is addressing the two most persistent barriers to vessel electrification, high upfront capital expenditure and lengthy installation timescales, with de…
A new report by Allianz Commercial estimates that cargoes valued at approximately US$125 billion remain trapped in the Persian Gulf, with around 1,150 cargo-carrying vessels unable to transit the Strait of Hormuz despite…
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