The Xeneta Shipping Index (XSI^®) has posted its biggest global increase in 18 months—just days before many US shippers begin negotiations over new long-term contracts.

Henrik Helsinghof will return to VIKING as CEO in June to ensure a continuity of leadership.

Manta Marine Technologies, formerly known as Yara Marine Technologies (YMT), unveils their new brand and leadership team, following its recent acquisition by Geneva-based Okapi Supply Trading Advisory SA. These changes mark a new era for the company, which intends to expand its existing customer relationships and strong product portfolio to help the maritime industry meet its aims of GHG emission reduction.

Fulkrum, a leading provider of inspection, expediting, auditing and technical staffing to the energy industry, has announced a series of key contract wins across the Asia Pacific (APAC) region. This has resulted in exponential regional growth, significantly increasing revenues while doubling in size from this same time in 2022.

International subsea specialist Sulmara is expanding its offer with the launch of a new suite of services to reduce the risks clients face in subsea operations – and help them meet their net zero targets.

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.

Aqua Comms, a leading provider of global subsea connectivity services, has announced that Jim Fagan, who served as the CEO, is leaving the business with immediate effect. Andy Hudson, the company’s Chief Network Officer is now the acting CEO, and Chairman Alan Harper will continue to provide commercial and strategic assistance to the business through the remainder of 2024.

Unity Well Integrity Limited has appointed Dillan Perras to its board as a non-executive director. The appointment will strengthen Unity’s board as the company looks to expand in the decom sector and internationally.

Danelec is extending its longstanding partnership with Franman to also promote its growing digital offerings and expand its presence in Greece further.

Interocean Marine Services (Interocean), the specialist provider of support services to the offshore, energy, marine and renewable sectors, has kicked off 2024 with the announcements of a new Chief Commercial Officer (CCO) and Chief Financial Officer (CFO).

Exail, a leading provider of cutting-edge navigation technology, has secured a major contract with Ashtead Technology for the initial sale of six units of its brand-new all-in-one INS/DVL system, the Rovins 9-DVL. With this new acquisition, Ashtead Technology becomes the first rental company in the market to adopt Exail’s new INS/DVL technology.

Realigning regional resources into a global focus, provider of high-performance well completion solutions and technologies to the global oil and gas industry, Reactive Downhole Tools (Reactive), has announced a significant restructure of its Senior Management Team.

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.

Dominion Energy, Inc. announced an agreement to sell a 50% noncontrolling interest in the Coastal Virginia Offshore Wind commercial project (CVOW) to Stonepeak through the formation of an offshore wind partnership. Under the terms of the agreement, Dominion Energy will retain full operational control of the construction and operations of CVOW.

ROVOP, a global supplier of ROV services and the Aberdeen based Boskalis subsidiary Subsea Services, a leading subsea provider of IRM, Construction and Decommissioning services, announces a global partnership.

STATS Group, the pipeline technology specialist, has appointed Jamie Frederick as President of its US operations as it gears up for further growth Stateside.