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Fri, Mar

India's MRPL Declares Force Majeure on Fuel Exports as Iran Conflict Disrupts Crude Supplies

India's Mangalore Refinery and Petrochemicals has suspended fuel exports due to the Middle East conflict that has disrupted crude oil flows from the Gulf, two sources familiar with the matter said on
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Hempel Delivers Highest Financial Results to Date

Hempel A/S delivers its best financial result to date with free cash flow of USD$301.4 million (EUR 259 million) and the strongest adjusted EBITDA margin in the company history, achieving 18.2%, and
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Keel of USS Philadelphia Authenticated by HII’s Ingalls Shipbuilding

Ingalls Shipbuilding division authenticated the keel  for the future USS Philadelphia (LPD 32), a Flight II San Antonio-class amphibious transport dock ship.The ceremony included ship sponsor Maureen Paparo, a Philadelphia native, who
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Strategic Marine Delivers First Supa Swath CTVs to Mainprize Offshore

Strategic Marine has delivered the first two Supa Swath crew transfer vessels (CTVs) to Mainprize Offshore, marking the initial handover under a multi-vessel contract signed at in June 2024.The deliveries represent the
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Kongsberg Maritime, Seadrill, Hanwha Drilling to Develop Remote Dynamic Positioning Technology

Seadrill Limited, an offshore drilling contractor, Kongsberg Maritime AS, a global technology leader, and Hanwha Drilling, a provider of offshore drilling services, announced a strategic alliance to develop the next generation of
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NYK Advances Design of Subsea Cable-Laying Vessel

Japanese shipping major NYK Line has completed the basic design of a new long-distance subsea cable-laying vessel intended to support the development of Japan’s future high-voltage direct current (HVDC) transmission network, marking
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QatarEnergy Declares Force Majeure with LNG Production Still on Hold

QatarEnergy has declared Force Majeure to its affected buyers, following the decision to stop the production of liquefied natural gas (LNG) and associated products as a consequence of Israel-U.S. war with Iran.
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Euro Zone Bonds Stabilize as US Weighs Insurance for Gulf Shipping

Euro zone government bonds edged higher on Wednesday as investors paused after a sharp selloff earlier this week driven by fears the Middle East war would fuel inflation.President Donald Trump had ordered
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Subsea7 Extends Engagement on Türkiye’s Sakarya Field with New Deal

Subsea7 has secured a large variation order by Turkish Petroleum Offshore Technology Center AS (TP-OTC) relating to the Sakarya field development in the Black Sea, offshore Türkiye.The award represents an extension to
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