Hapag-Lloyd posts Q1 ‘unsatisfactory’ result amid war and Maersk keeps Hormuz transits suspended | Container news

18 May, 2026

German shipping group Hapag-Lloyd reported an “unsatisfactory” first-quarter result, citing the impact of lower freight rates and operational disruptions from severe weather conditions and the blockage of the Strait of Hormuz. The group’s f...

Arkas Holding inks $75m loan in ‘milestone’ deal with ADB and DEG | Shipping Finance news

18 May, 2026

Arkas Holding has signed a ground-breaking financing deal with ADB and a German development finance institution. A $75m loan agreement has been signed with the Asian Development Bank (ADB) and the German development finance institution DEG ...

Industry players unite to form UAE’s first shipbuilding consortium

15 May, 2026

A group of national industry players has come together to form the first shipbuilders consortium in the United Arab Emirates (UAE), which will work toward aligning national shipbuilding capabilities to drive maritime innovation and growth. ...

Yinson Production and PTSC lock in financing for Southeast Asian gas project’s FSO

15 May, 2026

Malaysia’s Yinson Production, a subsidiary of Kuala Lumpur-based energy infrastructure and technology company Yinson, and its joint venture (JV) partner, PTSC, have secured multimillion-dollar funding for the partial construction of a newbu...

Velesto lines up multi-well offshore rig job in Southeast Asia

15 May, 2026

Malaysia’s Velesto Energy, owner of premium jack-up rigs, has been hired to supply a jack-up rig for a drilling campaign off the coast of Malaysia, Southeast Asia. Illustration; Source: Velesto Energy A new contract, which Velesto Energy se...

‘Many key components’ manufactured for BiMEP-destined wave energy unit

15 May, 2026

Carnegie Clean Energy and its supply chain partners have completed the fabrication and manufacture of many key components of the scaled CETO wave energy unit to be deployed at Biscay Marine Energy Platform (BiMEP) as part of the ACHIEVE Pro...

DNO in the clear for drilling ops with Odfjell Drilling-managed rig

15 May, 2026

Norway’s oil and gas player DNO has received the go-ahead from the country’s authorities for drilling activities in the Norwegian Sea with a semi-submersible rig managed by Odfjell Drilling, an offshore drilling contractor. Deepsea Yantai; ...

Inpex coming aboard Australia’s huge multibillion-dollar gas project

15 May, 2026

Japan’s exploration and production (E&P) company Inpex has set the wheels in motion to join an offshore development project, which is described as Australia’s largest untapped conventional gas resource. Browse to North-West Shelf projec...