Singapore’s marine and offshore engineering player Sembcorp Marine saw its profit and revenues dip in the first half of the year due to project delays and increased costs caused by the Covid-19-related disruptions. Sembcorp Marine on Thursday posted a net loss of...

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Underscoring the huge turnaround in fortunes for containers shipping financially Ocean Network Express (ONE) booked a profit of $2.56bn for the first quarter ended 30 June 2021. Reporting a 1,432% increase in profit over the same period in the previous year, ONE is...

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Drilling contractors and offshore service (OFS) providers should seek consolidation as soon as possible to secure their long-term future. This is one of the conclusions of Maritime Strategies International’s latest MODU Market Report. The number of mergers and...

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Belgium-based shipowner Exmar has inked an agreement with Canadian fertilizer company Nutrien to develop and build a low-carbon, ammonia-fueled vessel to reduce maritime emissions. Under the collaboration agreement, Nutrien and EXMAR will, amongst others, collaborate...

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