Fincantieri is scouting for deals to speed up its expansion in the fast-growing underwater business, the head of the Italian shipbuilder said on Wednesday. Internal Pages – Super (728×90) – Position 14 The state-controlled company reported a more than fourfold jump in its annual profit to €117 million ($136 million), boosted by the underwater unit, […]

The Middle East region has a “pressing need” for food imports that have been disrupted by the outbreak of war in the gulf, the chair of the board of Danish container shipping group A.P. Moller-Maersk said on Wednesday. Internal Pages – Super (728×90) – Position 14 According to the World Economic Forum, Gulf Cooperation Council […]

Danish wind turbine maker Vestas has announced that it intends to establish a nacelle and hub factory in Scotland to meet offshore wind demand in the UK and Europe. The project represents a capital investment exceeding €250 million ($271 million), focusing on components for an offshore wind turbine model. Internal Pages – Super (728×90) – […]

Italy hopes to receive more gas from Algeria after agreeing to strengthen energy cooperation with the north African nation, Italian Prime Minister Giorgia Meloni said on a visit to Algiers. Internal Pages – Super (728×90) – Position 14 Meloni met President Abdelmadjid Tebboune as Rome faces prolonged disruptions in liquefied natural gas (LNG) supplies from […]

Libya’s coast guard has begun towing away a damaged liquefied natural gas tanker that several Mediterranean countries warned posed an environmental risk after drifting unmanned for weeks, the Tripoli-based Government of National Unity (GNU) said. Internal Pages – Super (728×90) – Position 14 The Russian-flagged Arctic Metagazcarrying LNG from the Arctic port of Murmansk, has […]

At least 40 per cent of Russia’s oil export capacity is at a halt following Ukrainian drone attacks, a disputed attack on a major pipeline and the seizure of tankers, according to Reuters calculations based on market data. Internal Pages – Super (728×90) – Position 14 The shutdown is the most severe oil supply disruption […]

ScottishPower, through its parent company Iberdrola, has secured £600 million ($780 million) in financing from the UK’s National Wealth Fund to support the development of the Eastern Green Link 4 project. Internal Pages – Super (728×90) – Position 14 The initiative involves a two gigawatt high-voltage direct current subsea link designed to transport energy from […]

Disclosure/APS Today is the deadline for applications for the “Navega Jovem” program, the result of a partnership between the Santos Port Authority (APS) and the Santos Port Excellence Center Foundation. The initiative aims to train young people for the job market with a focus on the port and logistics sector. Internal Pages – Super (728×90) […]

Business deals DRAM producer draws several investors amid memory shortage Kioxia Holdings needs DRAM for its solid-state drives, which are shown in this display. (Photo by Ryo Mukano) RYO MUKANO and HIDEAKI RYUGEN TOKYO/TAIPEI — Japanese memory maker Kioxia Holdings said Wednesday it will invest 15.6 billion New Taiwan dollars ($490 million) in Nanya Technology, the Taiwanese […]

Economy Jakarta also to raise export duties on coal and nickel as budget pressures mount Free school meals on Saturdays are to be stopped in a paring back of President Prabowo Subianto’s ambitious flagship program to nourish youngsters.  © Reuters ISMI DAMAYANTI and REZHA HADYAN JAKARTA – The Indonesian government looks set to make a […]