The Turkish shipbuilder reported a wider nine-month net loss as revenue declined, while asset disposals generated cash inflows and the company completed four overseas ship repair contracts.
Hyuk Kim brings more than 25 years of shipbuilding experience as Hanwha expands its Philadelphia operations, backed by U.S. defense vessel contracts and production expertise from South Korea.
Norwegian inspectors detained YA QING HAI YANG over invalid flag registration and missing certificates. The Chinese heavy-lift vessel previously delivered power-generation modules to Russia’s Arctic LNG 2 project.
Emperor Energy has secured VALARIS 107 for Judith-2 drilling in April 2027. The contract includes a 30-day minimum term, a US$165,000 day rate and an optional 15-day flow test.
Seven vessels and around 100 personnel supported the P-35 FPSO tow beneath Rio-Niterói Bridge. Flare removal and partial turret dismantling were required before the unit reached Clip Offshore’s yard.
Jack-Up Barge’s JB 121 features a 200-tonne main crane, two 50-tonne auxiliary cranes and 1,340 m² of deck space. The three-legged unit is scheduled to relocate from Dalian to the Netherlands.
The SAIPEM 12000 drillship has begun development drilling for Coral North offshore Mozambique. Up to six wells are planned, while FLNG construction in South Korea was 72% complete in late October.
BW Offshore’s Norwegian floating wind project will use BW Ideol’s Damping Pool technology for two 18.5 MW turbines. The NOK 1.94bn Enova grant requires FID, financing and supplier agreements.
Project cargo-capable MPP vessels are securing charter premiums, while limited secondhand availability and high newbuilding costs are complicating fleet investment decisions.
