CMB.Tech Sells Suezmax Bristol as 2026 Disposals Top $626M
CMB.Tech has sold the 2024-built Suezmax Bristol for a $56.9m gain as it continues to capitalise on historically strong tanker values.
Industry News
Hanwha Offers to Buy Austal USA
The U.S. division of South Korean shipbuilding giant Hanwha has made a non-binding offer to buy Austal USA, the American operations of Australian shipbuilder Austal Ltd.
Cadeler Orders Two More WTIV Vessels Citing Continued Strong Sector Demand
Cadeler, which already says it has the industry’s largest fleet of jack-up offshore wind installation vessels, reported that it has placed a new construction order for two more vessels.
Drones Drifting Near Major Romanian Gas Project Destroyed by Army Divers
Romanian army divers destroyed two Gerbera-type drones drifting in the country's Black Sea exclusive economic zone near the offshore gas project Neptun Deep, Defence Minister Radu Miruta said on Tuesday.
NYK Line Raises Full-year Forecast After Q1 Profit Growth
Japanese shipping company NYK Line reported revenues of JPY727.7 billion ($4.55 billion) for the three months ended June 30, representing a 21.1 per cent increase from the same period a year earlier.
Middle East Oil Recovery Unlikely Before End of 2027, EIA Says
Some producers in the Middle East are likely to struggle to restore oil output to pre-conflict levels by the end of 2027, even if trade patterns return to normal by early next year, the US Energy Information Administration said on…