Damen Shipyards Group and Noatum Maritime, part of AD Ports Group’s Maritime & Shipping Cluster, have agreed on the delivery of a second, fully electric Damen RSD-E Tug 2513. The agreement was signed by Captain Ammar Mubarak Al Shaiba, CEO of AD Ports Group’s Maritime & Shipping Cluster and Damen Shipyards Group CEO, Arnout Damen. The… Read More
On Tuesday, 6th of May 2025, HD Hyundai and A.P. Moller – Maersk (Maersk) announced the signing of a Memorandum of Understanding (MOU) to establish a collaboration on decarbonisation solutions for vessels, while HD Hyundai plans to expand the use of Maersk’s integrated logistics services across its affiliates. The signing ceremony, held at the HD… Read More
Wallenius Wilhelmsen has acquired the remaining 35 percent of shares in Armacup, bringing its total ownership to 100 percent. The transaction closed on April 30, 2025, according to the company’s release. The acquisition was anticipated following the amended shareholder agreement established in 2022, which stipulated that Wallenius Wilhelmsen would purchase the remaining shares. “This acquisition… Read More
ADNOC Drilling and Honghua Group partner to embed AI in rig design, elevating safety, efficiency and future-readiness ADNOC Drilling Company PJSC (“ADNOC Drilling”) says it has been awarded a contract for three island rigs by ADNOC Offshore for an estimated total contract value of $806 million1 to support expanding operations at the offshore Zakum development… Read More
Finnlines Plc has announced its financial results for the first quarter of 2025, reporting revenue of €166.0 million, up from €162.2 million in the same period of 2024. Earnings before taxes (EBT) amounted to €7.9 million, a significant increase from €0.4 million in Q1 2024. President and CEO Thomas Doepel stated, “The first quarter of… Read More
