Industry
Global New Ship Orders Rise 27% Year on Year, Nearing Pre-2008 Peak
Global newbuild orders rose 27% year on year in the twelve months to early August, the fastest growth since the 2008 financial crisis, with the order backlog now at 405.9 million gross tonnes.
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Industry
Boskalis Calls First Half 'Solid' Despite Geopolitical Drag on New Projects
Boskalis reported first-half revenue of EUR1.90bn, down from an exceptionally strong EUR2.35bn a year earlier, as geopolitical uncertainty dampened client appetite for new projects.
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Industry
Velesto Second-Quarter Profit Falls to RM531,000 as Rig Rates Slide 16%
Velesto Energy's quarterly net profit collapsed to RM531,000 from RM50.44 million a year earlier as utilisation and day rates fell, though the order book stands at RM1.3 billion.
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