Europe witnessed a 10% increase in crude oil imports in May 2025, likely due to refineries completing maintenance ahead of schedule, boosting crude demand. This period also saw a notable change in import origins, with a decrease in volumes from the Uni…
The international steel market is experiencing a period of upheaval, as escalating excess capacity and market-distorting policies continue to reshape global trade flows. The May 2025 OECD Steel Outlook 2025 report casts the trade stresses in a sobering…
Excess steel capacity fuels trade tensions Read More »
During his visit to the Naval Undersea Warfare Center (NUWC) Division Newport on May 19, Executive Director Mike McClatchey, a member of the Senior Executive Service, Program Executive Office, Undersea Warfare Systems (PEO UWS), emphasized the…
Executive Director of PEO UWS Stresses Importance of Submarines at NUWC Division Newport Read More »
Aker Solutions has signed a contract with Dragados Offshore to deliver the steel substructure for the 2GW HVDC converter station for the BalWin2 offshore wind grid connection system in Germany, developed by Amprion Offshore GmbH. Reference is…
Aker Solutions Awarded Contract for BalWin2 Offshore Wind Project Read More »
Finnøy Gear & Propeller has signed a contract to deliver complete propulsion systems for a new series of eight cargo vessels being built for the Norwegian shipping company Wilson ASA. The vessels will be constructed at Udupi Cochin Shipyard Ltd.
Finnøy to Deliver Propulsion Systems For Wilson Cargo Vessels Read More »