PSA, ONE join forces to reduce shipping’s environmental impact

Singapore-based port operator PSA Corporation and its compatriot container shipping company Ocean Network Express (ONE) have signed a memorandum of understanding (MoU) to enhance sustainability and reduce maritime environmental effects. As informed, the two partners will work on sustainable green … Read More

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EU launches call to establish offshore renewable energies working group

The European Commission has opened a call for expressions of interest for a new working group on offshore renewable energies that would contribute to reaching EU’s ambition of at least 300GW of offshore wind and 40GW of ocean energies by … Read More

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MOD to acquire Sheffield Forgemasters

Sheffield Forgemasters’ shareholders have agreed to sell its entire share capital to the Ministry of Defence (MoD) to support a substantial recapitalization of its defence-critical plant, equipment and infrastructure necessary to secure the delivery of components into future MoD programs. … Read More

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LNG Price Recovery Spurs Spending in Race against Carbon Targets

The investment outlook for liquefied natural gas (LNG) has improved this year but project go-aheads will not match the bonanza of 2019, as the fight against climate change clouds the prospects for gas demand growth longer term. Renewed optimism as … Read More

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VIDEO: Subsea UK and the Creation of the “Global Underwater Hub”

Subsea UK is embarking on a new adventure as The Global Underwater Hub, a new organization with already nearly $18 million in funding. ‘The Hub’ aims to leverage the UK’s strong maritime heritage, as well as its underwater expertise that … Read More

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ICR Targets Guyanese Offshore Market. Partners with Panthera

July 28, 2021 Credit: ICR ICR Integrity (ICR), an industrial maintenance and integrity company, has partnered up with Guyana-based Panthera Solutions (Panthera) to deliver its Technowrap and Quickflange technologies and other solutions and the booming oil and gas market in … Read More

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Ocearch Launches 41st White Shark Research Expedition

Non-profit organization Ocearch said Tuesday it was embarking on its 41st ocean research expedition “to help solve the life history puzzle of the Northwest Atlantic white shark.” Alongside 42 scientists and 28 research institutions the organization will collect data to … Read More

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MarketsandMarkets: Acrylic Resins Market Worth $21.9 Billion by 2025

According to MarketsandMarkets’ new market research report, “Acrylic Resins Market by Solvency (Water-Based, Solvent-Based, and Others), Chemistry, Application (Paints & Coatings, Adhesives & Sealants, DIY Coatings, Elastomers, and Others), End-use Industry, and Region – Global Forecast to 2025,” the global … Read More

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Axalta Releases Second Quarter 2021 Results

Axalta Coating Systems announced its financial results for the second quarter ended June 30, 2021. Second quarter net sales of $1,126.8 million increased 72.6% year-over-year, including a 5.3% foreign currency benefit, driven by 56.4% higher volumes and 9.3% higher average … Read More

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Shell, Petronas Carigali, Petros Get Hold of Offshore Block in Sarawak, Malaysia

Malaysia’s Petronas has awarded Block SK437 offshore Sarawak, Malaysia to Petronas Carigali, Sarawak Shell Berhad, Petroleum Sarawak Berhad (Petros). Block SK437 is located to the southwest of the prolific Central Luconia province, measuring 2,015 square kilometers in size and in … Read More

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