Category: Business

Earlier on Feb 26, Seatrium reported earnings of $324 million for year ended Dec 31, 2025, double from the previous year. Photo: Seatrium Mainboard-listed Seatrium has successfully delivered a wind turbine installation vessel (WTIV) to Maersk Offshore Wind on ...

The sale is expected to contribute positively to the group’s earnings for the financial year ending 2025 The Sarawak-based offshore support vessel provider says the divestment is part of its fleet reprofiling initiatives. PHOTO: BT FILE [SINGAPORE] Malaysian offshore ...

Collaborating with Hitachi Energy, L&T has been nominated by TenneT to deliver HVDC converter stations. The initiative aims to accelerate the integration of large-scale renewable energy into the European power grid, particularly across the German and Dutch sectors of ...

Dutch transmission system operator (TSO) TenneT has completed its 700 MW offshore grid connection programme with the grid readiness certification now in place for the Hollandse Kust West Beta connection, the company said on 28 October. Cable installation for ...

Repeat customers keep offshore and marine contractor’s order book buoyant The power station vessel, Karadeniz Powership Fatmagul Sultan from Karpowership, undergoing repairs at Seatrium’s yard in Singapore.Photo: SEATRIUM Seatrium has boosted its order book to the tune of around ...

Chinese yard Hengli Heavy Industries has secured a contract with a European shipowner for up to four very large crude carriers (VLCCs), in a deal valued at about $470m. The order, widely linked in the market to John Fredriksen’s ...

Qatar’s state-owned oil & gas giant QatarEnergy has entrusted China’s Offshore Oil Engineering Company (COOEC) with two segments of work related to its redevelopment project off the Persian Gulf state’s coast. This package set, worth approximately $4 billion, is ...

Source: Allseas The vessel, named Grand Tour, will have a load capacity of 40,000 tonnes, designed to carry the world’s largest offshore structures across oceans and easily transfer them to Pioneering Spirit for installation. The new vessel is designed ...

Singapore offshore vessel player and shipyard Marco Polo Marine has chosen Norwegian ship designer Salt Ship Design to design the company’s next-generation CSOV. The contract was signed between the group’s Taiwan-based subsidiary PKR Offshore, Salt Ship Design, and Marco ...

High-specification jack-up rigs Al Jurf and Dana have arrived in UAE waters, ahead of joining Adnoc Drilling’s fleet Two brand new jack-up rigs are set to join the fleet of Adnoc Drilling, a subsidiary of state-owned giant Abu Dhabi ...