DP World to inject $2.5 billion into global logistics operations in 2025 African priorities include ports in DRC and Senegal to expand regional footprint Strategy aims to compete with major operators and align with Emirati maritime goals Emirati port operator DP World has announced a $2.5 billion investment plan for 2025, targeting strategic infrastructure upgrades across its… Read More
DeepOcean has completed its acquisition of Shelf Subsea, creating a formidable global player with comprehensive end-to-end capabilities. This strategic consolidation merges complementary geographical strengths—DeepOcean’s established presence in Europe and the Americas with Shelf Subsea’s strong foothold across Asia-Pacific and Middle East markets. The resulting enterprise boasts approximately 1,800 professionals and projects annual revenue exceeding USD… Read More
Today we publish our annual figures and we are proud to present a record turnover for the third year in a row. In 2023, turnover increased by 18 per cent compared to 2022. In 2024, it even went up by 36 per cent. For the first time in the history of our company, we have… Read More
South Korean conglomerate Hanwha Group is reportedly planning a major investment for improvements at its recently acquired Philly Shipyard, with plans to produce the U.S.-built LNG carriers. According to Korean newspaper JoongAng Ilbo, the $72 million investment will help transform the U.S. shipyard into a high-tech facility capable of producing up to 10 vessels annually by… Read More
The Shipbuilders Council of America (SCA), the national association representing the U.S. shipbuilding, maintenance, and repair industry, today announced Conrad Industries, Inc, parent company of Conrad Shipyard, received SCA’s annual “Excellence in Safety” Award which is given for performance for the 2024 calendar year, honoring the shipyard for its enhancement of operations and promotion of safety and… Read More
