Orsted A/S shares fell as much as 19% to a record low after the Trump administration blocked construction of an almost-finished offshore wind farm, throwing a wrench into the Danish company’s planned 60 billion-kroner ($9.4 billion) share sale. The stop-work order issued late Friday targeted Revolution Wind off the coast of Rhode Island and cited… Read More
Yokohama, Japan – DP World has signed a memorandum of understanding (MoU) with ITOCHU Corporation, one of Japan’s largest trading companies, to expand logistics, supply chain infrastructure, and distribution capabilities in sub-Saharan Africa. The agreement was signed during the Tokyo International Conference on African Development (TICAD9) held in Yokohama, Japan, by Beat Simon, Group Chief… Read More
Arcadis collaboration selected across five lots on new £120m TfGM framework Three lots led by Arcadis, two lots secured by strategic partner Steer Framework open to contracting authorities in North West, North East, Yorkshire, East Midlands and West Midlands Win further strengthens Arcadis’ longstanding relationship with TfGM Arcadis has been appointed across five lots on… Read More
Hanwha Ocean Co., a major South Korean shipbuilder, will invest an additional $70 million “to expand” its shipyard in Philadelphia, according to the White House’s website Monday. Hanwha Group acquired Philly Shipyard for 140 billion won ($100 million) last year to enter the US shipbuilding market, with a long-term goal of securing US Navy contracts…. Read More
CMB.Tech has acquired dry bulk vessel operator Golden Ocean to create a $11bn maritime group, which features a 250-ship fleet and over 80 hydrogen and ammonia-ready vessels. The Belgian shipping group issued almost 96 million new shares to Golden Ocean investors at a 0.95-for-1 exchange ratio, cementing the stock-for-stock merger and securing listings in New… Read More
