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Keyfield International signs $18m contract for new AHTS

Keyfield International has entered into a shipbuilding contract through its subsidiary, Keyfield Resolute, for the construction of a new anchor handling tug supply vessel. The agreement with China’s Jiangsu Shunhong Marine Technology involves a contract price of $18 million, which is equivalent to MYR70.7 million. Jiangsu Shunhong has previously constructed offshore support vessels for the […]

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Norway security service flags higher Russian espionage risk in Arctic

Russia is expected to step up spying in Norway this year, focusing increasingly on the country’s Arctic mainland and the Svalbard archipelago, the Norwegian domestic security service PST said on Friday, also warning of sabotage risks. Norway, an ally of Ukraine and Europe’s top supplier of pipeline gas, has been increasingly concerned that Russian intelligence […]

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Vietnam picks Vingroup unit for offshore wind project

Vietnam’s authorities selected a newly created subsidiary of real estate conglomerate Vingroup to develop the first phase of one of the country’s largest offshore wind power projects, excluding Morgan Stanley-backed German renewable firm PNE which said the decision came as a surprise. It is the latest setback for foreign investors in Vietnam’s energy sector, after […]