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Latest From Offshore
KKR buys out Ocean Yield for $833m
‘Given the long-term capital requirements of the shipping sector, including in the context of the structural trend towards decarbonisation, KKR believes that a private setting will provide Ocean Yield with improved access to capital’
Wind sail maker signs production deal with French port
French company Ayro has agreed to build a factory to make its Oceanwings wind propulsion system at Caen, Normandy. The first sails will be installed on a ro-ro built to transport space rocket parts
US ports to reopen after assessing hurricane impact
New Orleans port authority is coordinating with navigation partners and state officials to resume operations as quickly as possible. All terminal operations remain closed
Sovcomflot boosted by industrial shipping focus
Vessels deployed from government-backed Arctic oil and gas projects contributed nearly half of service revenues in first half
Maersk-chartered vessel master charged over cable damage off Perth
Police allege the vessel Maersk Surabaya dragged anchor off Perth, Western Australia, causing $1.1m damage to a telecommunication cable. The master has been released on bail to hotel quarantine
Eneti expands wind footprint with Seajacks buy
The deal is being funded through shares, cash, newly issued redeemable notes and the assumption of debt
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