HD Hyundai Heavy Industries joins WDS 2026 in Riyadh to pursue Saudi frigate orders, presenting the HDF-6000 and a local-build roadmap, plus an IPP-linked supply-chain MOU with Saudi partners and Korean firms.
Hanwha Systems posted 3.6642 trillion won in revenue last year, driven by overseas defense orders, while U.S. Philly Shipyard normalisation costs, PPA amortisation and new-site investments weighed on profit.
Arabian Drilling appoints Fahad Al Bani as CEO after Ghassan Mirdad resigns for personal reasons, citing Al Bani’s nearly three decades of upstream and drilling experience.
Longitude Engineering launched the D-Flex PSV, a DP Class 2 compact design in the IMT Isca series, aimed at lowering CAPEX and OPEX with configurable layouts and methanol-ready options.
ITF data shows seafarer abandonment hit record levels in 2025: 6,223 seafarers across 410 ships, with $25.8 million owed and FOCs dominating cases.
SMC completed the SPMT load-out and barge transport of a 2,000-tonnes pre-piling template for the Fengmiao 1 offshore wind project in Taiwan.
Ørsted approved its 2025 annual report, reporting EBITDA excl. new partnerships and cancellation fees of DKK 25.1bn within guidance and setting 2026 outlook above DKK 28bn.
GPO Heavylift’s semi-submersible vessel GPO Sapphire has loaded two jack-up units in Changshu, China, for delivery to the UAE and the Netherlands.
