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Norden Acquires Four Modern Handysize Vessels as Gulf Conflict Drives 65% Profit Decline

Norden Acquires Four Modern Handysize Vessels as Gulf Conflict Drives 65% Profit Decline

Danish shipping company Norden has expanded its Handysize fleet with the acquisition of four 2024-built dry cargo vessels due for delivery in Q2 2026, even as the company reported a 65.5 percent year-on-year decline in n…

Mon May 25 20265 min
SAAM Towage Orders Five ASD Escort Tugs From Sanmar in Americas Fleet Expansion

SAAM Towage Orders Five ASD Escort Tugs From Sanmar in Americas Fleet Expansion

SAAM Towage has signed an agreement with Turkey's Sanmar Shipyards for the construction of five new azimuth stern drive escort tugs, based on designs from Canada's Robert Allan Ltd, with the vessels destined for deployme…

Thu May 21 20264 min
Vallourec Wins Major Line Pipe Contracts for ExxonMobil Guyana's Hammerhead and Longtail Deepwater Projects

Vallourec Wins Major Line Pipe Contracts for ExxonMobil Guyana's Hammerhead and Longtail Deepwater Projects

Vallourec has secured two additional line pipe orders from ExxonMobil Guyana Limited under the long-term agreement signed in 2021, covering more than 145 km of coated line pipe representing approximately 40,000 metric to…

Wed May 20 20264 min
NextEra Energy to Acquire Dominion Energy in Deal That Brings Coastal Virginia Offshore Wind Under New Ownership

NextEra Energy to Acquire Dominion Energy in Deal That Brings Coastal Virginia Offshore Wind Under New Ownership

NextEra Energy has entered into a definitive agreement to acquire Dominion Energy, the owner of the 2.6 GW Coastal Virginia Offshore Wind project, in a transaction that will create the world's largest regulated electric…

Tue May 19 20265 min
Evergreen Marine Orders Five More LNG Dual-Fuel Megamaxes at GSI in $1.4Bn Expansion

Evergreen Marine Orders Five More LNG Dual-Fuel Megamaxes at GSI in $1.4Bn Expansion

Evergreen Marine has approved the construction of five LNG dual-fuel 24,000-TEU container ships at Guangzhou Shipyard International, part of China State Shipbuilding Corporation, with the order valued between US$1.3 bill…

Tue May 19 20265 min
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