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Seatrium has put in motion a series of non-core asset divestments set to complete by early 2026, targeting over $40 million (S$50 million) in annualized operational cost savings.The Singapore-based offshore and marine group said the savings…
https://www.marinelink.com/news/seatrium-targets-m-cost-savings-continued-536026
https://www.marinelink.com/news/seatrium-targets-m-cost-savings-continued-536026Retrofit specialist GLO Marine has announced a $7 million (€6 million) investment in a new integrated assembly and production facility in Galați, Romania, as it seeks to expand its end-to-end vessel upgrade and decarbonization capabilities.The new facility will allow the company to engineer…
https://www.marinelink.com/news/glo-marine-invest-m-new-vessel-retrofit-536027
https://www.marinelink.com/news/glo-marine-invest-m-new-vessel-retrofit-536027Fincantieri has launched the first next-generation Offshore Patrol Vessel (OPV) for the Italian Navy at its Riva Trigoso shipyard, marking a milestone in a four-ship program led by Orizzonte Sistemi Navali, a joint venture between Fincantieri and Leonardo.The vessel…
https://www.marinelink.com/news/fincantieri-launches-first-nextgen-536030
https://www.marinelink.com/news/fincantieri-launches-first-nextgen-536030DetentionTrackr has launched a new artificial intelligence (AI)-powered maritime intelligence platform designed to centralize global Port State Control (PSC) detention data into real-time operational insight.The DetentionTrackr platform aggregates…
https://www.marinelink.com/news/detentiontrackr-debuts-aipowered-port-536031
https://www.marinelink.com/news/detentiontrackr-debuts-aipowered-port-536031The Swedish Club (TSC) has concluded its 2026 P&I renewal with a 99% retention rate.Over the past 12 months, The Swedish Club has attracted new entered tonnage with an increase of nearly 8%, driven by a combination of solid organic development…
https://www.marinelink.com/news/swedish-club-reports-retention-increased-536033
https://www.marinelink.com/news/swedish-club-reports-retention-increased-536033On behalf of the International Labour Organization, the International Chamber of Shipping, and International Transport Workers’ Federation:On the 20th anniversary of the Maritime Labour Convention, 2006, we jointly reaffirm our commitment to…
https://www.marinelink.com/news/organizations-release-joint-support-536034
https://www.marinelink.com/news/organizations-release-joint-support-536034UK-based oil and gas company Tullow Oil has signed a sale and purchase agreement with TEN Ghana to acquire the Prof. John Evans Atta Mills FPSO for a gross consideration of $205 million. The acquisition was conducted by Tullow’s wholly owned subsidiary, Tullow Ghana Limited, on behalf of itself and its TGL joint venture partners. …
https://splash247.com/tullow-oil-buys-ghana-fpso-from-modec-for-205m/
https://splash247.com/tullow-oil-buys-ghana-fpso-from-modec-for-205m/Offshore support vessel owner Tidewater has entered into a definitive agreement to acquire all outstanding shares of Wilson Sons Ultratug Participações and its affiliate Atlantic Offshore Services in a deal worth around $500m. Under the terms of the Transaction, Tidewater will acquire all outstanding shares of the company for cash consideration to be funded from …
https://splash247.com/tidewater-to-add-22-psvs-in-major-brazil-expansion/
https://splash247.com/tidewater-to-add-22-psvs-in-major-brazil-expansion/Anaïs Rios, senior shipping policy officer at Seas At Risk, writes for Splash today on what is shaping up to be a pivotal year for shipping’s decarbonisation pathways. At the last International Maritime Organization (IMO) meeting, I sat in the plenary room, watching what felt like a telenovela. Full of twists, surprise interventions, sharp turns, …
https://splash247.com/the-imo-net-zero-framework-survives-now-ambition-must-return/
https://splash247.com/the-imo-net-zero-framework-survives-now-ambition-must-return/A.P. Moller Capital has completed a final close on a Morocco-focused transport and logistics fund. A.P. Moller Capital Morocco closed with total commitments of MAD1.64bn ($178m). In addition, A.P. Moller Capital – Emerging Markets Infrastructure Fund II K/S (EMIF II) has pledged a further MAD600m, taking the total pool available to $243m for investments across …
https://splash247.com/a-p-moller-capital-raises-243m-to-invest-in-morocco/
https://splash247.com/a-p-moller-capital-raises-243m-to-invest-in-morocco/