Ørsted has exercised a long-standing buyback right in relation to the Gunfleet Sands 1 & 2 Offshore Wind Farm, in which Ørsted currently holds a 50.1 % ownership interest. Under the agreement, Ørsted will acquire the remaining 49.9 % ownership interest from its investment partners for a total consideration of approximately GBP 15 million. On completion… Read More
Shagang, described as China’s largest privately owned steelmaker, has moved into shipbuilding by setting up a wholly owned subsidiary in Tianjin, according to Splash247. The Jiangsu-based group joins a widening group of industrial companies seeking to take advantage of China’s expanding newbuilding market. The new entity, Jinsha Heavy Industry (Tianjin), has been registered with capital… Read More
HOUSTON, October 13, 2026–(BUSINESS WIRE)–Port Houston will honor ExxonMobil with the 4th Annual Lone Star Award during the Houston International Maritime Conference (HIMC), taking place November 2–5 at the Hilton Americas in downtown Houston. The award recognizes ExxonMobil’s exceptional partnership with Port Houston and its longstanding role in the energy industry that is integral to… Read More
By Mark Cox Powered by the Lovinklaan Foundation, Arcadis’ largest shareholder and a foundation led and managed by Arcadians, the repositioning builds on Arcadis’ strong market presence and clear strategic direction. It is designed to create a distinctive Arcadis brand, show how the company delivers value, and support its long-term growth in key markets. Arcadis’… Read More
Summary: Middle East disruption continues to influence routing and transport capacity as customers prepare for quarter four demand. This month’s update covers seasonal export preparations in Africa, changes to UAE air connections and warehousing requirements in Saudi Arabia, with guidance to support shipment and inventory planning. Executive summary Supply chain planning across IMEA continues to… Read More
