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Australian shipbuilder Austal said on Tuesday that Hanwha Group had offered to buy its U.S. operations for up to $1.20 billion as the South Korean conglomerate seeks to expand in the American defence market.Austal shares rose more than 16%, logging their best intraday jump since mid-February.
https://www.marinelink.com/news/hanwha-makes-offer-austal-usa-541970
https://www.marinelink.com/news/hanwha-makes-offer-austal-usa-541970Vietnam has begun construction on what it describes as the country's largest and most advanced domestically made anti-submarine frigate, a military-owned newspaper reported.The vessel, being built at the defense ministry's Song Thu Shipyard in Danang City, will also have most of its weapons and mili
https://www.marinelink.com/news/vietnam-starts-construction-largest-541971
https://www.marinelink.com/news/vietnam-starts-construction-largest-541971Western Bulk’s chief executive says the best industry gatherings sharpen thinking, while geopolitics, grain flows and a growing orderbook will dominate dry bulk discussions at Splash Singapore. For Torbjorn Gjervik, a worthwhile shipping conference is not measured by the number of meetings squeezed into the diary or business cards collected. A useful day is one …
https://splash247.com/splash-singapore-western-bulks-torbjorn-gjervik-on-the-search-for-new-ideas/
https://splash247.com/splash-singapore-western-bulks-torbjorn-gjervik-on-the-search-for-new-ideas/A.P. Moller - Maersk (Maersk) has entered into an agreement to sell Maersk Training and its subsidiary Maersk H2S Safety Services to Open Gate Capital, an industrial, corporate carve-out specialist. The agreement remains subject to customary closing conditions and regulatory approvals.
https://www.marinelink.com/news/maersk-training-sold-opengate-capital-541944
https://www.marinelink.com/news/maersk-training-sold-opengate-capital-541944Oil prices jumped 3% on Monday after Iran said the U.S. must lift sanctions on Tehran, pay reparations and meet a number of other conditions before the Strait of Hormuz is reopened.Brent crude futures were up $2.48, or 3%, at $86.03 a barrel by 10:44 a.m. EDT (1444 GMT). U.S.
https://www.marinelink.com/news/oil-prices-rise-iran-demands-us-541948
https://www.marinelink.com/news/oil-prices-rise-iran-demands-us-541948OPEC oil output rose further in July, a Reuters survey found, as Gulf members restored supplies that were shut due to the Iran war and effective closure of the Strait of Hormuz.Output by the 11-member Organization of the Petroleum Exporting…
https://www.marinelink.com/news/opec-oil-output-rises-july-gulf-states-541949
https://www.marinelink.com/news/opec-oil-output-rises-july-gulf-states-541949Singapore-listed Uni-Asia Group has doubled its handysize newbuilding programme in Japan with a second 40,000 dwt bulker. The company has signed an agreement with Nihon Shipyard and an affiliate for the vessel, which will be built by Imabari Shipbuilding and delivered between the fourth quarter of 2029 and the first half of 2030. No price …
https://splash247.com/uni-asia-doubles-up-on-japanese-handysize-newbuilds/
https://splash247.com/uni-asia-doubles-up-on-japanese-handysize-newbuilds/Norwegian offshore seismic vessel player Shearwater Geoservices has received two separate letters of award from India’s ONGC. Each represents a large offshore 3D seismic survey offshore India. Combined, the two projects add approximately 15 vessel months of backlog. The awards, which will utilise two of Shearwater’s high-capacity 3D vessels, include a nine-month project offshore India’s …
https://splash247.com/shearwater-wins-two-seismic-projects-offshore-india/
https://splash247.com/shearwater-wins-two-seismic-projects-offshore-india/The hydrocarbon business of Indian engineering conglomerate Larsen & Toubro (L&T) has secured a batch of orders from India’s ONGC for a pipeline replacement project (PRP-X) and a Wellhead Platforms project off India’s west coast. PRP-X involves EPCIC of multiple subsea pipeline segments, along with associated modification works across ONGC’s offshore fields. The other work …
https://splash247.com/larsen-toubro-bags-major-offshore-orders-from-ongc/
https://splash247.com/larsen-toubro-bags-major-offshore-orders-from-ongc/Cierco Energy’s Llŷr Wind Farm has been approved by the Welsh Government, allowing the Celtic Sea test project to advance towards construction. The development is planned off the Pembrokeshire coast and will trial floating offshore wind technologies intended for deeper waters and more demanding marine conditions. First power is targeted for 2031. The latest consent …
https://splash247.com/ciercos-celtic-sea-floating-wind-project-gets-green-light/
https://splash247.com/ciercos-celtic-sea-floating-wind-project-gets-green-light/