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Saudi oil and gas driller ADES has made an improved offer to buy all issued and outstanding shares of Dubai-based Shelf Drilling. ADES and Shelf Drilling agreed on revised terms of the proposed merger whereby the cash consideration is increased to NOK 18.50 ($1.89) per share. This revised cash consideration has received irrevocable pre-commitments, with …
https://splash247.com/ades-makes-improved-offer-for-shelf-drilling/
https://splash247.com/ades-makes-improved-offer-for-shelf-drilling/Gian Enzo Duci, managing director of Oceanly, discusses how to buy into maritime tech. Shipping has always been a costs-driven business. The winners aren’t those who spend the most, but those who spend wisely. In a market defined by thin margins and brief profit spikes, timing is everything. For shipowners, this tension is nothing new. …
https://splash247.com/why-smart-investment-beats-early-experimentation/
https://splash247.com/why-smart-investment-beats-early-experimentation/ZIM Integrated Shipping Services has hired Wall Street advisory house Evercore to trawl for alternative buyers, as early signals from CEO Eli Glickman and long-time shipping investor Rami Unger have failed to satisfy the board’s valuation expectations. According to Israeli financial title Calcalist, Glickman and Unger are exploring a take-private transaction for the Haifa-headquartered liner. …
https://splash247.com/race-for-zim-tipped-to-widen/
https://splash247.com/race-for-zim-tipped-to-widen/Hanwha Ocean, one of the leading shipbuilders in South Korea, has awarded ABB the contract to supply a complete electric power and propulsion system for Singapore’s first floating liquefied natural gas (LNG) terminal.ABB ’s integrated electrical…
https://www.marinelink.com/news/hanwha-ocean-enlists-abb-singapores-first-530058
https://www.marinelink.com/news/hanwha-ocean-enlists-abb-singapores-first-530058The Digitally Enabled Efficient Propeller (D.E.E.P) project, led by industry consortium and funded by Innovate UK, has been launched to investigate the development of a new generation of marine propellers produced using advanced additive manufacturing (AM) processes…
https://www.marinelink.com/news/deep-project-assess-nextgen-additive-530061
https://www.marinelink.com/news/deep-project-assess-nextgen-additive-530061The Port of Tyne has unveiled plans to invest around $200 million to redevelop 230 acres into the Tyne Clean Energy Park, adding 400 meters of deep-water quayside to support offshore renewables, clean energy and advanced manufacturing.The project could create up to 12…
https://www.marinelink.com/news/uks-port-tyne-unveils-m-upgrade-plan-back-530065
https://www.marinelink.com/news/uks-port-tyne-unveils-m-upgrade-plan-back-530065Roll Group has signed the long-term charter of the wide deck carrier Bigroll KMC Beaumont from its partner KMC Bluewhale.The vessel was delivered in Singapore and will immediately begin operations to support of Roll Group’s expanding global…
https://www.marinelink.com/news/roll-group-welcomes-wide-deck-carrier-530066
https://www.marinelink.com/news/roll-group-welcomes-wide-deck-carrier-530066Mammoet has entered into a strategic partnership with Tugdock Submersible Platforms to expand the use of the Tugdock Submersible Platform (TSP), a technology which improves buoyancy, stability and load transfer activities in marine transport operations.The TSP is a modular…
https://www.marinelink.com/news/mammoet-tugdock-form-strategic-530068
https://www.marinelink.com/news/mammoet-tugdock-form-strategic-530068ABS has granted Approval in Principle (AIP) to Lemissoler Corporate Management Ltd. for its watertight hatch cover design for bulk carriers.The design improves hatch cover water tightness through an innovative seal arrangement, features an enclosed…
https://www.marinelink.com/news/watertight-hatch-cover-design-lemissoler-530070
https://www.marinelink.com/news/watertight-hatch-cover-design-lemissoler-530070Lloyd’s Register (LR) has launched its new Biofuel Advisory service at London International Shipping Week to help shipowners, fuel suppliers and producers adopt biofuels safely and at scale. Biofuels are emerging as one of the most proven and…
https://www.marinelink.com/news/lloyds-register-launches-biofuel-advisory-530074
https://www.marinelink.com/news/lloyds-register-launches-biofuel-advisory-530074