We’re honored to be recognized with the Silver Award for Diversity & Inclusion at the UAE Happiness Awards This achievement reflects the dedication of our teams in building a culture where every voice matters and different perspectives help us solve some of the energy industry’s most complex challenges. At McDermott, that diversity of thought is… Read More
We are pleased to announce that NMDC Group has been named 2nd runner-up in the Construction category at the 19th Arabia CSR & Sustainability Awards, held under the patronage of H.H. Engineer Sheikh Salem Bin Sultan Bin Saqr Al Qasimi. This recognition reflects our continued commitment to integrating sustainability into our operations, strengthening our ESG… Read More
The Swedish industrial Group Stena AB, owner of ferry operator Stena Line, has entered into an agreement to acquire the Norwegian shipping company Color Line, subject to regulatory approval. The transaction will bring together two companies with complementary operations in European passenger and freight transport, creating added value and benefits for both companies’ customers. Privately… Read More
Hanwha Defense USA (HDUSA) announced it is acquiring a controlling stake in Hanwha Philly Shipyard, bringing the shipyard under HDUSA’s leadership and governance structure and strengthening its presence in the U.S. shipbuilding and defense market. The announcement follows HDUSA establishing a presence at the shipyard earlier this year to transition it into a dual-use yard… Read More
Wärtsilä Board of Directors has approved new financial targets reflecting the company’s strengthened financial performance, attractive structural growth opportunities and ambition to accelerate value creation. New financial targets Wärtsilä’s new mid-term financial targets are: Marine Annual organic net sales growth: mid-single-digit % Operating result: 14% Energy Annual organic net sales growth: high-teens % Operating result:… Read More