Anduril Industries plans to invest $3.7 billion in a new Maryland shipyard to manufacture Virginia-class submarine components and other subsea systems, alongside a U.S. Navy contract worth up to $2.9 billion tied to production targets.The Arsenal-2 facility will be built at Tradepoint Atlantic in Sparrows Point, Baltimore County, with permitting and site preparation beginning immediately and initial operations expected in 2030…
Norwegian construction company Veidekke has signed a contract worth approximately $10.7 million (NOK 103 million) with Vestland County Council to upgrade two ferry terminals in western Norway.The contract covers the Hatvik and Venjaneset terminals…
US natural gas futures held near a two-week high on Thursday as a bigger-than-expected storage build last week offset the drop in output in recent days as energy firms reduced flows on offshore Gulf of Mexico pipelines ahead of Hurricane Isaias…
Veson Nautical and Marcura announced an expanded partnership that connects Marcura Claims, Marcura’s platform for laytime and demurrage management, with IMOS, Veson’s flagship solution for commercial freight contract management and voyage execution…
The Port of Gothenburg has awarded NCC a contract to design and build a new terminal for Stena Line at Arendal, advancing plans to consolidate the ferry operator’s Gothenburg operations at the outer port.The new terminal, scheduled to begin operations in 2031…
Euronext wheat rose on Monday to reach three-week highs as a falling euro, continuing war disruption to Black Sea shipping and a large purchase by Saudi Arabia supported prices, traders said.Benchmark December milling wheat on the Paris-based Euronext ended the daytime trading session at 1630 GMT…
Euronext wheat rose on Thursday to a one-week high as a slide in the euro and news of a Saudi tender boosted export sentiment, traders said.Benchmark December milling wheat BL2Z6 on Paris-based Euronext settled 1.3% up at €239 ($268.11) a metric ton after the day session…
Construction begins on Wednesday of a $16 billion Kenyan oil refinery aimed at lowering East Africa's fuel costs and saving the region hard currency used to import refined products.Aliko Dangote and Kenyan President William Ruto broke ground on the site…
SSE has selected Montrose Port as the preferred operations and maintenance base for its planned 1.4 GW Berwick Bank B offshore wind farm off Scotland, a move expected to create 100 full-time jobs.The new operational hub will be located at Montrose Port's South Harbour…
Baltic Exchange announced that both SGX and European Energy Exchange (EEX) are now offering new Baltic Handysize futures contracts, providing market participants with dedicated tools to manage their exposure to the Atlantic and Pacific Handysize basin…
Oil company Saudi Aramco has told at least two European refining customers they will receive no crude oil next month following an attack on Saudi Arabia's key pipeline to the Red Sea, Bloomberg News reported on Friday, citing people familiar with the matter…
European wheat futures rose on Monday, pushed up by continued interruption of Russian and Ukrainian Black Sea ship-borne exports, while a new purchase tender from big importer Algeria sparked hopes of new EU sales.Benchmark December wheat on the Paris-based Euronext exchange was up 1…
