Subsea 7 expecting to close out 2024 strong and an even better …
Nov 21, 2024 · Subsea 7 expects its 2025 full-year revenue to come in between $6.8bn and $7.2bn with an adjusted Ebitda margin of 18% to 20%. For the quarter, its backlog was boosted by $300m in new contracts in ...
‘Eye-watering’ rates fuel unprecedented boom in small chemical …
Nov 20, 2024 · Orders for small chemical tankers have surged as rates spike, according to UK shipbroker SSY. This long-neglected 1,000-dwt to 6,000-dwt sector has been one of the fastest ageing in the tanker fleet.
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Venture Global poised to rise through US LNG producer ranks as …
Nov 19, 2024 · Kpler data shows one of the US company’s own vessels, the 174,000-cbm LNG carrier Venture Bayou (built 2024), arrived in ballast alongside the facility in Louisiana on 18 November.
Zim shares soar after $100m special dividend and hike in full-year ...
Nov 20, 2024 · The Haifa-based operator also hiked full-year Ebitda guidance to between $3.3bn and $3.6bn, from a previous estimate of $2.6bn to $3bn. Zim’s strong quarter allowed it to pile $100m in special ...
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Shipping and ports billionaire Gautam Adani charged with fraud in …
Nov 21, 2024 · Shipping and ports billionaire Gautam Adani charged with fraud in US Adani Group owner facing accusations of bribery relating to renewable-energy subsidiary
John Fredriksen-backed Edda Wind banking newbuilding contract …
Nov 19, 2024 · Edda Wind, an offshore shipping venture backed by John Fredriksen and the Wilhelmsen family, is closing in on a contract for one of its newbuildings, with financing for the unit in the bag.
Idan Ofer boosts car carrier newbuilding orderbook with six dual ...
Nov 20, 2024 · Singapore’s Eastern Pacific Shipping is believed to have continued its drive into the car carrier market. Shipbuilding sources said the company had added six more LNG dual-fuelled 5,500-ceu pure ...
Private equity-backed Premuda extends bulker and tanker sell-off
Nov 19, 2024 · At least three additional bulkers and tankers owned or managed by Premuda have now been sold as well. Managers at the company confirmed broker reports that the 34,400-dwt handysize bulker Four ...