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COSCO Splashes $3Bn on 18 Ultra-Large and Mid-Sized Box Ships

COSCO Splashes $3Bn on 18 Ultra-Large and Mid-Sized Box Ships

Chinese shipping giant COSCO has committed almost 3 billion dollars to 18 container vessels at domestic shipyards, strengthening its position in the global liner industry. The order comprises 12 ultra-large 22,000-TEU LN…

Mon Aug 31 20268 min
New Terminals and Fleet Modernisation Drive Global Tugboat Orders

New Terminals and Fleet Modernisation Drive Global Tugboat Orders

A wave of tugboat newbuilding orders has emerged over the past six months as owners modernise fleets and expand operations in response to planned new energy and container terminals. Major operators including Boluda Towag…

Mon Aug 31 20267 min
Hexagon Set to Acquire Guidance Marine to Boost Sensor Portfolio

Hexagon Set to Acquire Guidance Marine to Boost Sensor Portfolio

Hexagon has secured investor agreement to acquire UK-based sensor developer Guidance Marine, enhancing its portfolio of vessel positioning technologies. The Stockholm-listed group plans to merge the Leicester-headquarter…

Thu Aug 27 20266 min
Astro Offshore and Oceaneering Partner to Deliver Integrated Subsea Solutions

Astro Offshore and Oceaneering Partner to Deliver Integrated Subsea Solutions

Astro Offshore has signed a strategic memorandum of understanding with Oceaneering International to jointly pursue and deliver offshore and subsea projects. The collaboration combines Astro Offshore's offshore vessel cap…

Thu Aug 27 20268 min
ADNOC LS Adds Two LNG Carriers to Orderbook in $444M Deal

ADNOC LS Adds Two LNG Carriers to Orderbook in $444M Deal

Abu Dhabi-based ADNOC Logistics and Services has added two more LNG carriers to its newbuilding programme in China, exercising options for two 175,000-cubic-metre vessels worth approximately 444 million dollars. Schedule…

Tue Aug 25 20267 min
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