The recent IEA report forecasting a decline in oil demand by the end of this decade has raised concerns regarding the outlook of the product tanker market. This fall is mainly driven by a shift towards electric vehicles and more efficient engines, affe…
Product Tanker market to rebalance in response to contracting oil demand Read More »
Residents near the port of Lisbon and elsewhere hope plug-in infrastructure can take some of the pain out of sharing their cities with cruise ships that belch out fumes while pleasure-seeking passengers see the sights.European Union rules designed…
Port Dwellers Hope Cruise Ships’ Switch to Shore Power Will Ease Their Pain Read More »
Denmark-based A.P. Moller – Maersk has launched a dedicated division to provide installation services to the growing offshore wind industry.Maersk Offshore Wind has been formed as a spin off from Maersk Supply Service (MSS), which was acquired…
Maersk Forms Dedicated Offshore Wind Installation Business Read More »
U.S.-based family-owned private equity firm the Hoffmann Family of Companies (HF Companies) announced it has acquired Mackinac Island Ferry Company in Michigan.Jenny Gezella, President of Hoffmann Marine, said, “We are thrilled to acquire the Mackinac …
Hoffmann Marine Acquires Mackinac Island Ferry Read More »
The Netherlands-based subsea services company N-Sea announced it has finalized a deal to acquire Geo Plus based in Groningen, The Netherlands.Geo Plus operates a fleet of five specialized survey vessels—Geo Ranger, Geo Focus, Geo Explorer, Geo Motion…
N-Sea Acquires Geo Plus Read More »