As a result of the acquisition of Rolls-Royce Commercial Marine, Kongsberg Gruppen has entered into an agreement with Rome AS to divest Kongsberg Evotec.
The recent insolvency of the Philippine yard of South Korea’s Hanjin Heavy Industries & Construction (HHIC) has stirred interests of investment from Chinese
Italy's Rosetti Marino has withdrawn its offer to buy Heerema Fabrication Group’s (HFG) Zwijndrecht facility in the Netherlands, with HFG confirming the yard is to close.
Bermuda-headquartered Nordic American Offshore (NAO) has been awarded a two-year fixed contract for the Platform Supply Vessel (PSV) built in 2015, 'NAO Viking'.
Rates for OSVs in the US remain underwater but utilisation levels are starting to rise and a “rational” approach to stacking and drydocking by owners could see pricing power start to return.
