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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...
Boskalis completes sale of Singapore and Malaysia towage activities

Boskalis completes sale of Singapore and Malaysia towage activities

by Mariska Buitendijk | Jul 4, 2022 | News, Towage

Boskalis and its co-shareholder KS Investments (Keppel) have completed the sale of their equity stakes in their harbour towage activities in Singapore and Malaysia. The new owner of Keppel Smit Towage and Maju Maritime is Rimorchiatori Mediterranei. The intended sale...
Luxcara acquires Dutch offshore wind farm stake from Van Oord

Luxcara acquires Dutch offshore wind farm stake from Van Oord

by Mariska Buitendijk | Jan 14, 2022 | News, Offshore wind

Renewable energy asset manager Luxcara and Van Oord have completed the sale and transfer of Van Oord’s ten per cent participation in Blauwwind to Luxcara. In 2016, the Blauwwind consortium was awarded the concession to design, construct, operate and maintain one of...
Royal IHC completes divestment process with sale of IHC Hytech

Royal IHC completes divestment process with sale of IHC Hytech

by Mariska Buitendijk | Jan 3, 2022 | Dredging, News, Offshore, Ship design, Shipbuilding

Royal IHC has sold its division IHC Hytech BV to private investors who have established Pommec Hytech Holding BV. The buyers plan to merge the operations of Hytech with those of Pommec. Hytech specialises in the design and manufacturing of professional diving and...
Boskalis lands EUR 450 million offshore wind project and sells Asian towage business

Boskalis lands EUR 450 million offshore wind project and sells Asian towage business

by Mariska Buitendijk | Nov 15, 2021 | Dredging, News, Offshore wind, Salvage, Towage

Boskalis has won a transport and installation contract for the monopile foundations and substations of an undisclosed offshore wind farm development with a value of approximately EUR 450 million. At the same time, the company published its third quarter results and...
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