Apollo-managed funds have taken a 50% stake in Ørsted’s Hornsea 3, with a $6.5 billion investment in what is the world’s largest offshore wind development. Located in the North Sea, Hornsea 3 is Ørsted’s third gigawatt-scale project in the area and will provide 2.9 GW or essentially enough energy to power three million U.K. households. The joint… Read More
Stena Line strengthens its position in the Baltic Sea by acquiring NLC Ferry Ab Oy/Wasaline and taking over operations of the ferry route between Umeå in Sweden and Vaasa in Finland. “It is with great joy and enthusiasm that we at Stena Line take on the responsibility for Wasaline and the route between two important… Read More
Abu Dhabi, UAE — In a major step toward strengthening the United Arab Emirates’ position as a global energy hub, AD Ports Group (ADX: ADPORTS), a leading enabler of global trade, logistics, and industry, and Nimex Terminals, have signed two long-term agreements that will position Khalifa Port into a leading trading hub for low-carbon energy… Read More
Recently, PM Modi announced Rs 4,000 crore investment for modernisation of DCIL during the inauguration of India Maritime Week 2025 PSU firm Dredging Corporation of India Ltd’s (DCIL) shares hit 20% upper circuit on November 3 after the company announced that it has entered into 22 Memorandum of understandings worth Rs 17,645 crore with 16… Read More
AMSTERDAM — Today the Sizewell C nuclear power station achieved financial close with the technical assistance of Arcadis (EURONEXT: ARCAD), a global leader in sustainable design, engineering, and consultancy solutions. In response, Alan Brookes, CEO, Arcadis, said: “Arcadis is proud to partner with the Sizewell C team as they work to deliver the UK’s next nuclear energy facility,… Read More
