Danish offshore wind energy giant Orsted announced Thursday plans to cut 2,000 jobs, or a quarter of its workforce, by 2027 as its business struggles in the United States. The company said it needed to focus more on its European business and offshore wind, as well as improve its competitiveness. “We’re committed to maintaining our… Read More
The deal represents an investment of US$ 30.5 million. SAAM already owned 70% of the companies operating in Colombia and Mexico. Santiago | SAAM, a leading towage services company in the Americas, announced today the signing of an agreement to purchase 30% of Intertug’s companies operating in Colombia and Mexico, giving it 100% ownership. The… Read More
Technology group Wärtsilä and Seagems, a Brazil-based offshore operator formerly known as Sapura, has renewed and expanded its Lifecycle Agreement to cover its fleet of offshore support vessels. The renewed agreement expands the scope and elevates the strategic partnership and the importance of Wärtsilä’s services, aiming to enhance the reliability and reduce the carbon footprint of the… Read More
First-of-its-Kind 95k sqm Overseas Factory to Create 400 Jobs Abu Dhabi, UAE – Khalifa Economic Zones Abu Dhabi – KEZAD Group, one of the largest operators of integrated and purpose-built economic zones in the region, today announced that China Southern Glass (CSG), a global leader in energy-saving glass and advanced materials, will establish its first… Read More
Landmark agreement marks one of the largest land sales registered in Abu Dhabi and introduces one of the Emirate’s largest mixed-use projects New project set to create a premier mixed-use community in Al Mamoura, integrating residential, commercial, and leisure facilities in a strategic location Abu Dhabi, UAE – AD Ports Group (ADX: ADPORTS), a leading… Read More
