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Conrad Industries, Inc. announced its second quarter and six months ended June 30, 2024 financial results and backlog at June 30, 2024.For the quarter ended June 30, 2024, Conrad had net income of $2.2 million and earnings per diluted share…
https://www.marinelink.com/news/conrad-earns-m-contracts-h-515999
https://www.marinelink.com/news/conrad-earns-m-contracts-h-515999Brunvoll has been chosen to supply azimuth propulsion thrusters and thruster control systems for Norled’s four next hybrid ferries.The vessels will service the routes between Stokkvågen, Lovund, and Træna in Norway. Designed by LMG Marin, the…
https://www.marinelink.com/news/brunvoll-supply-propulsion-system-norleds-516000
https://www.marinelink.com/news/brunvoll-supply-propulsion-system-norleds-516000Svanehøj won a contract to supply 32 deepwell fuel pumps for a new series of ammonia dual-fuel, 210,000-DWT bulk carriers.As a subcontractor to the AFSS supplier SunRui Marine Environment Engineering Co., Ltd., Svanehøj will provide four Deepwell…
https://www.marinelink.com/news/svanehj-tapped-fuel-pumps-ammoniafueled-516001
https://www.marinelink.com/news/svanehj-tapped-fuel-pumps-ammoniafueled-516001BW LPG on Thursday announced it has agreed to acquire 12 very large gas carriers (VLGC) from Avance Gas in a cash and stock deal valued at more than $1 billion.The deal will see Avance Gas sell off the entirety of its VLGC fleet, including four 91…
https://www.marinelink.com/news/bw-lpg-buys-vlgcs-avance-gas-billion-deal-516003
https://www.marinelink.com/news/bw-lpg-buys-vlgcs-avance-gas-billion-deal-516003A potential strike at U.S. seaports on the East Coast and Gulf of Mexico could back up cargo there for weeks or even months, shipping experts said on Wednesday.Retailers like Walmart and other importers have been rushing goods in ahead of the Sept.
https://www.marinelink.com/news/potential-us-seaport-strike-may-cause-516005
https://www.marinelink.com/news/potential-us-seaport-strike-may-cause-516005Dubai-owned DP World reported a 59% drop in first-half profit on Thursday as the ports and logistics company grappled with shipping disruptions in the Red Sea as tensions flare in the Middle East due to the ongoing Israel-Hamas war in Gaza.Missile…
https://www.marinelink.com/news/middle-east-tensions-leave-big-dent-dp-516007
https://www.marinelink.com/news/middle-east-tensions-leave-big-dent-dp-516007South Korea’s LS Marine Solution has signed a memorandum of understanding (MoU) with Taiwan-based offshore wind service player Dong Fang Offshore. The two companies agreed to explore the possible collaboration on complex construction support for offshore wind projects in South Korea. LS Marine also revealed plans to enter overseas markets in the US and Europe …
https://splash247.com/ls-marine-to-introduce-dong-fangs-sov-to-south-korean-offshore-wind-market/
https://splash247.com/ls-marine-to-introduce-dong-fangs-sov-to-south-korean-offshore-wind-market/The New Jersey Board of Public Utilities (NJBPU) has formally vacated all orders that approved the Ocean Wind One and Ocean Wind Two offshore wind projects owned by Danish developer Ørsted. NJBPU’s actions follow the filing of lawsuits by the County of Cape May in the New Jersey Appellate Division as well as in the …
https://splash247.com/new-jersey-formally-terminates-two-orsted-offshore-wind-projects/
https://splash247.com/new-jersey-formally-terminates-two-orsted-offshore-wind-projects/Norwegian energy major Equinor and US-based Dominion Energy have won two separate US offshore wind leases in the Central Atlantic auction after bidding around $93m in total. This is the fifth offshore wind lease sale held during the current administration, and the auction for leases off the states of Delaware, Maryland, and Virginia was the …
https://splash247.com/equinor-dominion-energy-winners-in-central-atlantic-offshore-wind-auction/
https://splash247.com/equinor-dominion-energy-winners-in-central-atlantic-offshore-wind-auction/Indian oil and gas company Swan Energy has revealed plans to sell its stake in a floating, storage and regasification unit (FSRU) to Turkey’s state-run company Botas for $399m. The FSRU in question is the Vasant 1, a 180,000-cubic-meter floating storage and regasification unit, owned by Swan Energy’s subsidiary Triumph Offshore where Swan holds a …
https://splash247.com/swan-energy-to-sell-majority-stake-in-fsru-for-399m/
https://splash247.com/swan-energy-to-sell-majority-stake-in-fsru-for-399m/