Meyer Werft Establishes Organizational, Legal Framework for Offshore Converter Business
MEYER WERFT is establishing the organizational and legal framework for the successful development of its offshore converter business. To this end, all activities in this new business segment of the Group will be consolidated in the coming weeks into a separate company, NEPTUN Offshore GmbH & Co. KG. This company will also hold the 50 percent stake in the Rostock-based joint venture NEPTUN SMULDERS…
Kunal Pathak Appointed as VP of Strategic Partnerships at ShipIn Systems
ShipIn Systems, a provider of AI-powered maritime risk intelligence, announced the appointment of Kunal Pathak as Vice President of Strategic Partnerships. In this role, Mr Pathak will lead the company's engagement with marine insurers, P&I clubs, charterers, and other industry stakeholders. A former Master Mariner with more than 12 years at sea, Mr Pathak previously served as Senior Adviser at Gard, a marine insurer.
Atlas Copco Gas and Process Expands Facilities in South Korea, New York
Atlas Copco Gas and Process has reached two milestones this autumn by expanding its production operations in South Korea and North America. Atlas Copco Gas and Process Korea in Busan, South Korea has opened a new facility that will provide greater production capacity for different compressor technologies. In upstate New York, Atlas Copco Comptec LLC has added a large high bay space to an existing manufacturing facility…
Seafarer Killed After Gulf Oil Tanker Struck by Missile
One seafarer was killed in an explosion believed to have been caused by a missile attack on an oil products tanker in the Gulf on Thursday, the ship's manager said on Friday.The Marshall Islands-flagged tanker MT Velos Sapphire was sailing unladen towards Bahrain when it was hit, Greek management firm Velos Tankers said in a statement."The company is greatly saddened to report the death of one of its seafarers…
Brent Oil Prices Prepare for Biggest Weekly Drop Since 2020 After US Midterms
Oil prices were set for a sharp weekly fall after the election losses of US President Donald Trump's Republican Party raised hopes of a de-escalation in the US-Israeli war on Iran and a stock market sell-off, though attacks on vessels in the Middle East continue to provide a floor to crude.In a whiplash see-saw session on Friday, Brent crude futures for January were up 26 cents, or 0.3%, at $98.55 a barrel by 1346 GMT.
CM Energy to Supply Cable Lay Equipment for Asso.subsea Vessel
CM Energy is progressing work on an integrated cable-handling and marine equipment package for a new Asso.subsea vessel, expanding its involvement in the European offshore wind market.The contract covers specialist cable-handling equipment and associated marine systems for the vessel, with engineering and manufacturing activities underway at CM Energy's facilities in China.Elements of the project also involve the European supply chain.Asso.subsea specializes in subsea cable installation…
Subsea7 Strikes Deal to Sell Seaway7 Heavy Transport Unit to HEA Energy
Subsea7 has agreed to sell its Seaway7 heavy transportation business, comprising six semi-submersible vessels, to HEA Energy in a transaction linked to its proposed merger with Saipem.The sale covers six open-deck semi-submersible heavy transportation vessels, five of which are owned and one chartered from a third party.According to the Seaway7’s fleet information, the six heavy transportation vessels include Seaway Albatross Seaway Eagle…
Alfa Laval to Buy NAVTOR for $700M in Maritime Digital Expansion
Alfa Laval has entered into a definitive agreement to acquire Norwegian maritime software company NAVTOR for $700 million in cash, expanding its digital fleet solutions business through one of its most significant transactions to date.The acquisition, valued at $700 million (SEK 6.85 billion), is expected to close in the first quarter of 2027, subject to customary regulatory approvals.NAVTOR provides e-navigation…
