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Our Ocean Conference Closes With $6.4 Billion in Pledges and More Than 300 Commitments as Africa Takes Centre Stage

Our Ocean Conference Closes With $6.4 Billion in Pledges and More Than 300 Commitments as Africa Takes Centre Stage

The 11th Our Ocean Conference closed in Mombasa, Kenya, on 18 June 2026 with more than 300 voluntary commitments and US$6.4 billion mobilised for ocean conservation across marine protected areas, fisheries monitoring, cl…

Fri Jun 26 20265 min
Bain Capital Acquires 51% Stake in Everllence for $8.4 Billion in Landmark Marine Propulsion Deal

Bain Capital Acquires 51% Stake in Everllence for $8.4 Billion in Landmark Marine Propulsion Deal

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…

Thu Jun 25 20265 min
Hitachi Energy Wins $873M Contract for Italy-Tunisia HVDC Submarine Power Link in Historic Europe-Africa Interconnection

Hitachi Energy Wins $873M Contract for Italy-Tunisia HVDC Submarine Power Link in Historic Europe-Africa Interconnection

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…

Thu Jun 25 20265 min
Kenya's Mida Creek Fishers Face Shrinking Catches and Coastal Pressure as Ocean Warming Reshapes Indian Ocean Fisheries

Kenya's Mida Creek Fishers Face Shrinking Catches and Coastal Pressure as Ocean Warming Reshapes Indian Ocean Fisheries

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…

Thu Jun 25 20265 min
Marine Battery Systems Target Lower Cost and Faster Installation as Vessel Electrification Accelerates

Marine Battery Systems Target Lower Cost and Faster Installation as Vessel Electrification Accelerates

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…

Wed Jun 24 20265 min
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