UK offshore services player OEG Marine Services has ordered three crew transfer vessels (CTVs) from Isle of Wight shipbuilder Diverse Marine as part of its offshore wind fleet expansion and renewal programme. The vessels, based on Chartwell Marine’s Brevity SL class design, are scheduled for...
Mining giant Rio Tinto has approved a $1.9bn investment in a major bauxite expansion in Australia’s Queensland state, including an upgrade of its export facilities to accommodate larger capesize bulk carriers. The Kangwinan project on the western Cape York Peninsula will add 20m tonnes of...
The Trump administration has begun authorising the sale of sanctioned oil tankers to approved investors who must then refurbish the vessels before returning them to legitimate crude trades, US energy secretary Chris Wright revealed on Monday, as Washington scrambles to contain soaring freight...
Nasdaq-listed Greek dry bulk owner Icon Energy is facing pressure from a significant shareholder to overhaul its capital structure and board, following accusations that repeated equity issuances have heavily diluted ordinary investors. Canada’s Hampton Financial, which holds 325,000 Icon shares...