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Maersk to divest Maersk Supply Service

Maersk to divest Maersk Supply Service

by Mariska Buitendijk | Mar 21, 2023 | News, Offshore, Offshore wind

A.P. Moller-Maersk has reached an agreement with A.P. Moller Holding, the parent company of the A.P. Moller Group, for an intended divestment of Maersk Supply Service (MSS). MSS provides global offshore marine services and project solutions for the energy sector....
SHV wants to divest heavy-transport specialist Mammoet

SHV wants to divest heavy-transport specialist Mammoet

by Mariska Buitendijk | Mar 20, 2023 | Heavy lift, News, Offshore wind, Project cargo, Renewables

SHV has decided to explore a potential divestment of Mammoet. A new owner is to support the company in executing its growth strategy, particulary in offshore wind. The decision follows a strategy update process in which SHV concluded that supporting all eight groups...
HAL may be willing to rescue IHC again by buying IQIP

HAL may be willing to rescue IHC again by buying IQIP

by Mariska Buitendijk | Dec 12, 2022 | News, Ship design, Shipbuilding

After already being involved in the rescue operation that saved Royal IHC from bankruptcy in 2020, investment company HAL comes to the aid of the struggling Dutch shipbuilder once again. Allegedly, the investment company is now willing to buy IHC’s money-making...
HAL may be willing to rescue IHC again by buying IQIP

Royal IHC to sell IQIP to lower debt load

by Mariska Buitendijk | Nov 14, 2022 | Dredging, News, Offshore, Offshore wind, Renewables, Ship repair/maintenance, Shipbuilding, Submarines

After announcing to reduce its workforce further and to temporarily close down its yard in Krimpen aan den IJssel little more than a month ago, Royal IHC is taking another step to address its dire position. The Dutch shipyard now wants to sell profit-making IQIP. This...
Wärtsilä completes Russian market exit and centralises engine manufacturing in Finland

Wärtsilä completes Russian market exit and centralises engine manufacturing in Finland

by Mariska Buitendijk | Aug 5, 2022 | Marine engines, News, Ship propulsion

Wärtsilä has completed its exit from the Russian market following its announcement of scaling down activities in April 2022. In addition, the company announced it will ramp down manufacturing in Trieste, Italy, and centralise its four-stroke engine manufacturing in...
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