Company Updates

Massterly, the world’s first autonomous vessel operations company, announces the opening of its Remote Operation Centre (ROC) in Horten in Norway. This significant step marks a crucial transition from the testing phase to fully-fledged operational capabilities and positions Massterly as a global leader in autonomous shipping.

C-Kore Systems, a UK based company specializing in subsea testing tools, has rounded off an excellent 2023. With a healthy order book for 2024, C-Kore is looking to expand their Sales Team, basing the new staff in Aberdeen, UK.

MOL Chemical Tankers Pte. Ltd. (MOLCT) and Fairfield-Maxwell Ltd. announced that they have secured all of the necessary regulatory approvals and that MOLCT has completed its acquisition of all of the shares of Fairfield Chemical Carriers Pte. Ltd. with an effective date of March 1, 2024, in an all-cash transaction for about US$400 million.

On Tuesday, March 5, Danos Group Holdings finalized the acquisition of Performance Energy Services (PES), a 24-year-old Houma, LA-based company. The acquisition includes all PES business units, the Houma administrative office, and waterfront operations facility.

DWTEK represents Taiwan's subsea industry and will align with international experts and professionals this year, bringing you the techs and products that reflect their accumulated 16 years of experience and knowledge. You might want to check their underwater thrusters and connectors at Oceanology International (OI) in London at booth J301.

JERA Co., Inc. (JERA) announced it entered into a sale and purchase agreement with Woodside Energy Group Ltd. (Woodside), a major Australian energy company, to acquire a 15.1% participating interest in the Scarborough gas field development project (the Project). The total consideration of the acquisition of the Project is estimated to be approximately $1.4 billion, which comprises the purchase price and reimbursement to Woodside for JERA’s share of expenditure incurred up to completion. Completion of the transaction is subject to conditions, including obtaining permits and approvals.

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