Tanker fleet set to shrink as newbuilds plummet
Bimco reports half-year tanker orders by dwt at their lowest rate since 1996
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July 2022
First UK-Germany energy link reaches financial close
The €2.8 billion NeuConnect project, the first ever energy link between the UK and Germany, has reached financial close, allowing work to begin later this year.
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Nippon Yusen Kabushiki Kaisha Revises Financial Outlook
Nippon Yusen Kabushiki Kaisha has upgraded its financial outlook for the fiscal year ending March 2023, projecting higher revenue and operating profits across the board in light of changing market conditions across multiple sectors it serves, inculding…
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Imabari fights mounting cost pressures to stay in profit
Leading Japanese shipbuilder says the benefits of a cheaper yen have been offset by higher material costs
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ABB Intends to Spin Off Its Turbocharging Business
ABB announced its intention to spin off Accelleron (formerly ABB Turbocharging) turbocharging division, by way of a dividend in kind of Accelleron Industries Ltd’s shares to ABB’s shareholders. Accelleron’s listing on SIX Swiss Exchange in Zurich is pl…
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