People And Company News News

French state-owned utility EDF is considering selling all of its U.S. renewable energy business, its CEO said on Wednesday, as the company focuses on building up its domestic nuclear operations and U.S. support for wind and solar has been rolled back.Bernard Fontana said the company was considering selling "between 50% and 100%" of its U.S. renewable unit, revising an earlier plan to sell only a minority stake.A deal could value the equity of the unit at nearly 4 billion euros ($4.6 billion)…

Vantage Drilling International Ltd. reported a net income attributable to shareholders of approximately $67.2 million or $4.97 per diluted share for the three months ended September 30, 2025, based on the weighted average shares outstanding, as compared to a net loss attributable to shareholders of approximately $10.6 million or $0.80 per diluted share for the three months ended September 30, 2024.As of September 30, 2025, Vantage had approximately $197.4 million in cash, including $35.0 million in pre-funding for upgrading the Tungsten Explorer…

Dan-Bunkering has announced the appointment of Christian Vandvig Finnerup as Managing Director for Dan-Bunkering USA, effective November 1, 2025.Christian Vandvig Finnerup transitions to the U.S. from Singapore, where he served as Commercial Director at Dan-Bunkering APAC, leading regional growth and strengthening Dan-Bunkering’s offshore and commercial portfolios. Prior to his time in Asia, Christian Vandvig Finnerup headed Offshore Wind, Europe, where he helped shape Dan-Bunkering’s approach to partnership-driven energy solutions.Throughout his career…

France-based BIO-UV Group, a specialist in UV-, ozone-, salt-electrolysis- and AOP-based water-treatment technologies, has announced three senior appointments to support and strengthen the company’s expansion across new and existing markets.The changes include the appointment of Jean-Philippe Picard de Muller as Deputy General Manager of BIO-UV Group, the promotion of Steven Brady to Managing Director of Triogen in the United Kingdom, and the arrival of Patrice Garrigues as European Sales Director for the Group’s pool division.

The Royal Van Beest Group announced that it has acquired Enduro Softslings. Established ten years ago in The Netherlands, Enduro Softslings has secured a leading position in the lifting industry through its manufacturing capabilities, custom-made soft slings, and customer support. As part of the Royal Van Beest Group, the leader behind brands like Green Pin and Irizar Forge, Enduro Softslings will gain access to resources and expertise to further fuel its growth.The partnership…

At the Annual General Meeting of the International Group of P&I Clubs in London on November 11, 2025, Rolf Thore Roppestad was appointed as the new Chair of the International Group of P&I Clubs.Roppestad succeeds Andrew Cutler, who has served since November 2022. The Group thanked Cutler for his contributions and the positive impacts during his time as Chair. Under Cutler’s leadership the Group has faced a number of issues, from growing geopolitical concerns, wars and an expanding sanctions regime, to the merger of two of its member Clubs.

TADEK Ocean Engineering, a UK offshore engineering consultancy delivering front-end advisory, through-project delivery solutions and naval architecture analysis, announced its new look leadership team and strategic new senior appointments as the company prepares for further growth.TADEK integrates advanced hydrodynamic analysis and design with practical project execution, delivering end-to-end solutions from concept and detailed design through to offshore installation and decommissioning in open sea.

Damen has announced the acquisition of Southampton-based I.M.E Group Ltd. The acquisition follows close collaboration between the two parties since the opening of Damen Services’ UK Service Hub in 2021. This investment in the UK industry expands the range of services available to clients throughout the UK in their day-to-day operations. With this step, Damen’s UK customers are assured of access to on-site support, mechanical and electrical engineering, docking services, parts supply…

Svitzer Group A/S, global towage and marine solutions provider, has acquired a 66.6% stake in Norwegian towage and marine service company, Buksér og Berging AS, subject to final regulatory approvals. Svitzer’s investment represents a partnership opportunity for both companies, with a view to leverage extensive shared knowledge and experience of the global towage, offshore, adjacent maritime service and marine solution markets.There is no integration activities related to the transaction…

Stolt-Nielsen Limited announced that Jens F. Grüner-Hegge, the Company’s Chief Financial Officer (CFO), has decided to retire from his executive position in the second half of 2026. Alex Ng, current Vice President, Corporate Development & Strategy, has been appointed by the Board of Stolt-Nielsen Limited (the Board) as CFO Designate, and will take over the role of CFO as of August 1, 2026. Mr Grüner-Hegge will remain with the Company until November 30, 2026, to support the transition.The…

Enbridge missed third-quarter profit estimates on Friday, pressured by higher financing costs from capital investments including U.S. gas utility acquisitions, sending its shares down nearly 2% in premarket trading.The Calgary-based pipeline operator had bought three Dominion Energy utilities last year — East Ohio Gas, Questar Gas and Public Service Co of North Carolina — in a $14 billion deal, including debt.It reported adjusted core profit of C$2.31 billion ($1.65 billion) from its liquid pipelines unit…

Seadrill Limited announced its third quarter 2025 results.Quarterly Highlights:Secured contract awards across five rigs, adding over $300 million to Order Backlog.West Gemini, Sonangol Libongos and Sonangol Quenguela secured an estimated 1,000 days of incremental work in Angola, extending the longevity of the Sonadrill joint venture.West Vela was awarded two contracts in the U.S. Gulf, adding over four months in firm term, securing the rig into the second half of 2026.Sevan Louisiana received an award in the U.S.

DOF Group ASA's revenue for 3rd quarter totals USD 501 million and EBITDA totals USD 205 million. The operating profit (EBIT) is USD 138 million. Net financial cost amounts to USD -1 million, including unrealized currency gain of USD 20 million. The result after taxes is USD 107 million. The Group’s net interest-bearing debt is USD 1,332 million. The equity is USD 1,978 million giving an equity ratio of 46%.Key Highlights in the 3rd quarter:The Group delivered EBITDA of USD 205 million…

Accelleron North America has welcomed Dave Otto as Territory Sales Manager. Dave will lead service sales activities across the eastern United States and the Caribbean, in the power production, cruise, shipping, and gas compression markets, to strengthen customer relationships and support their operational needs.Dave brings more than 30 years of industrial sales experience to Accelleron. For the past 10 years, he worked for Toromont CAT as a territory sales representative managing a portfolio of more than 400 engines.

Ocean Network Express (ONE) has released its financial results for FY2025 2nd quarter (July 2025 to September 2025).The revenue for FY2025 2nd quarter was $4.455 billion, with net profit of $285 million."Our FY2025 2Q results underscore ONE’s resilience and stability in a challenging market. Despite the market fluctuations driven by geopolitical uncertainties, we delivered positive results and secured profitability for the first half of the fiscal year," said Jeremy Nixon, CEO of Ocean Network Express. "We maintain a cautious outlook for the full year given current market dynamics.

Wallem Group, a leading global maritime partner, is celebrating the centenary of moving its headquarters to Hong Kong.The celebrations will be marked by a special event on November 12, 2025 in the presence of Guest of Honour Hong Kong Finance Secretary, commemorating 100 years since the relocation—22 years after Norwegian shipbroker and agent Haakon Wallem formed Wallem & Co. in 1903.By 1925, Haakon had earned the nickname "Typhoon Wallem," reflecting his energy and business acumen and his deployment of both to support Chinese shipowners.In the 100 years since…

Torvald Klaveness has announced that Fabian Flaaten has joined as the new Chief Financial Officer (CFO), effective October 28, 2025. Flaaten will report to Chief Executive Officer (CEO) Ernst Meyer and be part of the Group’s Executive Committee and Holding Management Team. As CFO, Flaaten will play a role in enabling value creation, financial discipline, and long-term strategic direction for the Klaveness Group. He brings more than 20 years of international finance and leadership experience.

Interferry, the global association representing the ferry industry, announced the appointment of six new members to its Board of Directors. These new director appointments, approved at the Annual General Meeting (AGM) in Sorrento on October 6, reflect the diversity and global reach of the ferry industry. The newly appointed directors, each approved for a four-year term, are:Oluwadamilola Emmanuel, General Manager, Lagos State Waterways Authority, and Interferry’s first African Director…

Volvo Penta North America has named Brock Gavin as Vice President of Marine Sales and Service and Jens Bering as Head of Product and Solutions Management for its marine division. In their new roles, Gavin and Bering will be instrumental in advancing Volvo Penta’s marine strategy and driving continued growth across commercial and leisure markets in North America.As Vice President, Marine Sales and Service, Gavin will lead Volvo Penta’s overall marine strategy in North America.

ABS has appointed David Wechsler, a founding partner of the firm that became Hitachi Consulting, as the new Chief Executive Officer for ABS Group.Wechsler has a  35-year career in management consulting leadership positions across manufacturing, consumer products, sustainable energy, automotive, technology and services industries. He has grown multiple consulting practices, demonstrating expertise in leading complex operations and driving growth.Wechsler joins at an exciting time for ABS Group…

Louise Tricoire has been appointed Vice-President of the Lubmarine Business Unit of TotalEnergies, bringing a wealth of maritime industry knowledge and expertise to the role.Louise joins Lubmarine following her leadership of TotalEnergies’ global aviation and marine fuel division, where she played a key role in advancing both sectors’ decarbonization goals. Her work focused on developing sustainable aviation and low-carbon marine fuels, while also exploring the longer-term H2-based solutions.Prior to this…

Burger Boat Company announced the promotion of Ron Cleveringa to Senior Vice President - Product Portfolio Management, reporting to Rich Thompson, Chief Sales & Marketing Officer.In this newly defined role, Cleveringa will lead the development of Burger’s product development and design DNA across the company’s four business segments: custom yachts, commercial vessels, repair & refit, and military applications. He will be responsible for defining how Burger’s craftsmanship and innovation translates into each product line…

UTC Overseas has announced the appointment of Pedro Widmann as Director Global Project Development. Widmann brings over 30 years of experience in the specialized transportation and logistics industry with a strong background in the mining and EPC sector.Throughout his career, Widmann has held key positions with major international freight forwarders, managing major accounts and overseeing large-scale projects across varied regions. He has been responsible for sales development and for building agent networks that have strengthened global logistics operations.Born in Argentina…