Hanwha Philly Shipyard says it can build a nuclear-powered submarine for the U.S. Navy, while outlining hiring and expansion plans following its 2024 purchase.
PV Drilling IX arrived in Vung Tau at 06:00 on 25 December 2025 after a two-month, 12,855.6-nautical-mile voyage from Europe aboard GPO Sapphire operated by GPO Heavy Lift.
IACS has revised Unified Requirements W11, W16 and W28, harmonising high heat input welding provisions and updating qualification, NDT timing and optional approval schemes for marine and offshore structures.
Imabari Shipbuilding cleared antitrust review to buy an additional 30% of JMU from JFE Holdings and IHI, lifting its stake to 60% with closing set for 5 January 2026.
bp agreed to sell 65% of Castrol to Stonepeak at a $10.1 billion enterprise value, targeting about $6.0 billion net proceeds to reduce net debt ahead of end-2027 targets.
