Wind propulsion specialist bound4blue has completed the first installation under its agreement with Maersk Tankers, fitting four 24-meter eSAIL suction sails on the medium-range tanker Maersk Trieste as part of a wider fleet retrofit program.The installation marks the first phase of a contract agreed in December 2024 covering 20 eSAIL units across five Maersk Tankers MR vessels
Yinson Production, via its joint venture PTSC South East Asia (PTSC SEA), has secured a lease and operate contract for a new floating storage and offloading (FSO) unit for Vietnam’s offshore Block B gas development.The contract was awarded by Phu Quoc Petroleum Operating Company (PQPOC), the operator of Blocks B 48/95 and 52/97, on behalf of state-run Petrovietnam.
Stolt-Nielsen Limited announced that Jens F. Grüner-Hegge, the Company’s Chief Financial Officer (CFO), has decided to retire from his executive position in the second half of 2026. Alex Ng, current Vice President, Corporate Development & Strategy, has been appointed by the Board of Stolt-Nielsen Limited (the Board) as CFO Designate, and will take over the role of CFO as of August 1, 2026.
Amidst a more complex and uncertain operating environment, Singapore’s MPA is charting the long-term direction for Maritime Singapore. This includes developing strategies to seize growth opportunities and strengthen Singapore’s position as a key node in global trade, while continuing to drive innovation, accelerate technology adoption, and develop a future-ready workforce.
Scandlines has announced its financial results for the year ending December 31, 2024, delivering steady revenue, improved efficiency, and continued investment.In a year characterized by macroeconomic challenges across key markets, Scandlines maintained revenue at EUR 465 million ($516 million) and improved its result before tax to EUR 125 million. Traffic volumes remained robust, with 6.