Temasek-backed Singapore conglomerate Keppel Corp and smaller rival Sembcorp Marine are exploring a potential tie-up which would see them combine their struggling offshore and marine (O&M) businesses after years of losses in an industry downturn.A successful deal would see Keppel spin off the new business into a listed entity and ultimately exit from the legacy business.
Hempel announced an ambitious strategy to double its revenue by 2025, with a focus on innovation, digitalization and sustainability. Michael Hansen, EVP & Chief Commercial Officer and Dorthe Scherling Nielsen, Head of Sustainability & Government Affairs discuss the path ahead.The year 2020 defined by COVID-19 presented historic challenges for many industries
If suppliers in China fail to pick up freight containers to fill an order for MediaShop, Marcel Schneider gets an alert via a digital freight system, allowing the retailer to reach out and fix the problem swiftly.Before July 2020, Austria-based MediaShop’s deputy supply chain director says he would discover problems in his supply chain only when containers failed to arrive in Hamburg as scheduled.
The Monterey Bay Aquarium Research Institute (MBARI) is embarking on a new chapter in its ocean research with the construction of a state-of-the-art ship, a vessel named in honor of MBARI’s founder, David Packard. The R/V David Packard will be capable of accommodating diverse expeditions in Monterey Bay and beyond to further the institute’s mission to explore and understand our changing ocean.
A unique partnership formed between the Haisla Nation and North Vancouver-based Seaspan ULC will produce battery-powered and low emissions tugboats to serve the $40 billion LNG Canada project in Kitimat, B.C.Majority-owned by the Haisla Nation, the new venture is called HaiSea Marine
America's largest military shipbuilder Huntington Ingalls Industries (HII) announced Friday that its board of directors has elected Kari Wilkinson to serve as executive vice president of HII and president of HII’s Ingalls Shipbuilding division, effective April 1. She will succeed Brian Cuccias, who announced that he will retire April 1.
Singapore's Keppel Offshore & Marine, a company famous for its offshore rig construction, is set to undergo a major transformation, look for opportunities as a developer and integrator of offshore energy and infrastructure assets, and exit the offshore rig building business.The company will be restructured into three parts
NOAA’s effort to recapitalize its aging fleet of research ships took a major step forward today with the U.S. Navy’s award of a $178,082,877 contract to Thoma-Sea Marine Constructors LLC, Houma, La., for the detailed design and construction of two new oceanographic ships.NOAA is acquiring the vessels through an agreement with the Naval Sea Systems Command, a leader in building
The U.S. Navy announced it will scrap the USS Bonhomme Richard (LHD 6), forgoing repairs to the Wasp-class amphibious assault ship that was ravaged by a major fire in San Diego in July."We did not come to this decision lightly," said Secretary of the Navy Kenneth J. Braithwaite. "Following an extensive material assessment in which various courses of action were considered and evaluated
Joe Biden could erase much of President Donald Trump’s four-year legacy of energy and climate deregulation with the stroke of his pen, according to regulatory experts, but replacing it with something new and durable may prove trickier.Trump’s rollbacks are on shaky ground because most were done not through Congressional lawmaking but via presidential executive orders that can be easily torn up
With an estimated price tag in excess of $13B, nuclear aircraft carriers are one of the biggest ticket items in the U.S. military arsenal. But the floating warship is only as effective as its flight operations, and a new, heavier duty crash and salvage crane is needed to efficiently handle heavier aircraft.
The U.S. Navy commissioned USS Tripoli (LHA 7) Wednesday without the typical fanfare and traditional public commissioning ceremony due to public health and safety restrictions on large public gatherings amid the conronavirus pandemic.Delivered in February, USS Tripoli is the U.S. Navy's second America-class amphibious assault ship built by Huntington Ingalls Industries’ (HII) Ingalls Shipyard in