Saipem and Lamprell extend offshore cooperation with Saudi Aramco
The Saudi giant has renewed long-term agreements with the Italian offshore engineering and construction giant Saipem and UAE-based fabricator Lamprell.Saipem’...
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DHT confirms disposal of Chinese-built tonnage
DHT Holdings, a New York-listed tanker giant, has confirmed the sale of two Chinese-built VLCCs.DHT said in a statement that it sold the 2011-built DHT Lotus an...
Wood open to $320m bid from Sidara after rejecting $2bn last year
UK consulting and engineering firm Wood has received a non-binding conditional takeover proposal from Dubai-based company Sidara.The possible offer is for 35 pe...
SBM Offshore banks $400m from FPSO sale and leaseback deal
Dutch floater expert SBM Offshore announces it has signed a sale and leaseback financing agreement for one of its FPSOs.SBM Offshore said that the FPSO Cidade d...
Gallatin AI raises $15M in seed funding to advance military logistics
Gallatin AI emerged from stealth mode on Tuesday and announced it has secured $15 million in a pre-seed funding round led by venture capital firm 8VC.The Washin...
Arbitrator awards 3% raises for CN employees represented by TCRC
Canadian National train service employees represented by the Teamsters Canada Rail Conference will get a 3% annual raise under an arbitrator’s contract decisi...
Union Pacific Railroad CEO ‘very comfortable’ working through tariffs
DENVER — The chief executive of Union Pacific says his company will work through tariff shocks gripping the economy the same way it worked through the pan...
TGS clinches OBN seismic contract in Trinidad
Oslo-listed seismic data specialist TGS has won a shallow water OBN acquisition contract offshore Trinidad.The 3D baseline contract is scheduled to commence ear...
Argeo chief executive officer steps down
The chief executive officer of Norwegian surveyor Argeo, Trond F. Crantz, has stepped down from his position with immediate effect.The company said that Crantz ...
Tariffs won’t drag consumer spending in 2025, say retailers
The National Retail Federation forecast that retail sales during 2025 will grow between 2.7% and 3.7% over 2024 to between $5.42 trillion and $5.48 trillion.The...
US weekly rail traffic shows strong gains
Big gains in both carload and intermodal traffic lifted U.S. weekly rail traffic to its biggest increase over 2024 levels in 10 weeks, and the second-biggest im...
Tanner tabbed as new CEO of OmniTRAX
The Broe Group’s rail and real estate affiliate, OmniTRAX Inc., has announced the appointment of Colby Tanner as its new chief executive, effective April 15.T...