Seatrium has put in motion a series of non-core asset divestments set to complete by early 2026, targeting over $40 million (S$50 million) in annualized operational cost savings.The Singapore-based offshore and marine group said the savings will follow recent divestments of the AmFELS yard in Texas and the GNL Platform Supply Vessels disclosed in 2025, alongside additional transactions earlier.The company said the divestments form part of its strategy to rationalize non-core assets…
Seatrium has completed divested its AmFELS Yard located at Brownsville in Texas to Karpower Valley, a related party of Karpowership.The divestment, first announced in September 2025 and completed on January 30, 2026, will allow Seatrium to enhance capital and operational efficiencies…
Poland will seek binding offers for capacity that would be available in the expanded floating liquefied natural gas terminal near Gdansk following ample interest from shippers, the country's gas pipeline operator Gaz-System said on Monday.Gaz…
The Panama Canal Authority (ACP) has launched the concessionaire selection process for a natural gas pipeline project, holding its first market engagement event with more than 45 representatives from global energy companies.The 76-kilometre pipeline…
The UK’s Department for Transport has today published new long-term forecasts showing a major shift in the way goods move through British ports, with oil and fossil fuel traffic expected to collapse while ferries, Ro-Ro and container shipping surge…
Port of Aberdeen has welcomed more than 100 vessels working on offshore wind projects to the port so far this year, including the latest arrival of the Blue Tern jack-up installation vessel.Owned by Fred. Olsen Windcarrier, the Blue Tern jack-up is a 151-meter-long…
Dry bulk shipowner Scorpio Bulkers on Monday announced it has signed a letter of intent to purchase a newbuild wind turbine installation vessel (WTIV) as a “first step in a transition towards a sustainable business in renewable energy”.Scorpio…
A new trailing suction hopper dredger (TSHD) Ecodelta, powered by liquefied natural gas (LNG), was christened last Friday (January 11) in the Dutch port of Rotterdam.The dredging vessel, built at the Dutch yard Barkmeijer for shipping company Van der Kamp…
