Sales of Paint Cans Facing Challenge from Growing Convenience & Popularity of Plastic Pails

The global paint cans market was valued at $4.7 billion in in 2021, and is projected to register modest growth during the next ten years. According to market study, sustained demand for paint cans within construction and wall décor segments … Read More

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Daikin Industries Becomes OCSiAl Shareholder

Daikin Industries has become a shareholder of the world’s largest producer of graphene nanotubes, OCSiAl, following three years of collaboration in developing graphene nanotube applications as a next-generation additive. Together, the companies are determined to develop high-performance materials and establish … Read More

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Schottel propulsion picked for one of world’s greenest tugboat fleets

German propulsion manufacturer Schottel has secured a contract to deliver main propulsion units for five low-emission tugs ordered by Canada’s marine transportation company Haisea Marine. As disclosed, the company will deliver a total of ten rudder propellers and two transverse … Read More

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Ashtead Technology appoints CTO to boost growth

Subsea services company Ashtead Technology has appointed Graham Clark to the newly created position of Chief Technology Officer (CTO) to bolster its growth. Graham Clark (Courtesy of Ashtead Technology) According to Ashtead, the new position will accelerate the company’s technology … Read More

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Santos: First Well of Bayu Undan Infill Drilling Program Beats Output Forecast

Just a few days after it said a new well at its Van Gogh offshore oil field in Australia had achieved a production record, Australian oil and gas firm Santos is back with more positive news when it comes to … Read More

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World Faces Shortage of Sailors to Crew Commercial Ships, Study Says

There could be a shortage of merchant sailors to crew commercial ships in five years if action is not taken to boost numbers, raising risks for global supply chains, a report said on Wednesday. The shipping industry is already struggling with crewing shortfalls … Read More

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DNV Supports Safe Crew Change Program in South East Asia

Classification society and risk management expert DNV said Wednesday it would take on an “instrumental role” in helping to facilitate safe crew changes amid South East Asia’s COVID crisis as an auditor in the multi-party backed CrewSafe program. CrewSafe is … Read More

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DOF Subsea Orders Two Work-class ROVs from Forum Energy Technologies

July 28, 2021 Credit: FET / Image Cropped Norwegian offshore vessel operator DOF Subsea has ordered two 200HP Perry XLX-C work-class remotely operated vehicles (ROVs) from Forum Energy Technologies (FET). Forum Energy Technologies will build the ROVs at its UK … Read More

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BASF Reports Strong Second Quarter

Sales growth of 56 percent to €19.8 billion EBIT before special items increased significantly to €2.4 billion Cash flows from operating activities of €2.5 billion, up €295 million over level of prior-year quarter 2021 outlook for sales raised to between … Read More

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Seaway 7 books Siem Offshore OSCV

Siem Offshore has signed a contract with Seaway 7, the renewables business unit of Subsea 7, for the utilization of one of its offshore subsea construction vessels (OSCVs). The vessel will support the construction phase of the Seagreen offshore wind … Read More

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