Macquarie taking over Danish offshore player Ziton
Danish shipowner and offshore wind specialist Ziton is getting new owners. A fund advised by Australia’s Macquarie Asset Management has stuck a deal with funds of Permira Credit and other shareholders to purchase 100% ownership of Zappy TopCo and its subsidiary Ziton for an undisclosed sum. The Thorsten Jalk-led company has a fleet of five […]
US puts off Oregon offshore wind auction
The US Bureau of Ocean Energy Management (BOEM) is delaying the offshore wind energy auction planned for potential lease areas offshore Oregon citing insufficient bidder interest. The auction, initially set for October 15, included two lease areas offshore Oregon with Avangrid Renewables, BlueFloat Energy, Ocean Winds, South Coast Energy, and Mainstream Renewable Power qualified to […]
Former PGS boss to take over at Geoquip Marine
Swiss-based offshore geotechnical data acquisition specialist Geoquip Marine has appointed the former boss of Norwegian seismic player PGS Rune Pedersen as its new chief executive officer. Pedersen, who headed up PGS until the company’s merger with Oslo-listed seismic data specialist TGS will take the helm at Geoquip in January next year, replacing outgoing CEO Richard […]
Petrofac reaches deal in principle on debt-for-equity swap
Petrofac has secured a preliminary deal with some of its key stakeholders that will see creditors convert a majority of the UK energy services company’s debt into equity. Under the proposed agreement, which will significantly dilute existing shareholders, Petrofac will get new long-term funding underwritten by an ad hoc group of senior secured noteholders, and […]
7 Logistics Trends Revolutionizing Shipping Economics Now
Over the past few years, the supply chain world has had to adapt rapidly in response to shifting and increasing market demands. Customers, today, expect perpetual availability of items, fast delivery services, and transparency throughout the supply chain. Here, both well-established technologies and emerging tools have played a crucial role in helping logistics operations transform, […]
How Logistics Technology Is Revolutionizing Fleet Management
Fleet management is evolving fast. Logistics technology plays a crucial role in this transformation. You see IoT and AI stepping up to enhance efficiency like never before. These tools don’t just track vehicles; they predict maintenance needs and optimize routes. What does this mean for your operations? Better reliability, reduced costs, and improved service quality […]
The Role of Curriculum Design in Modern Education
Curriculum design is a cornerstone of effective education systems worldwide, shaping the learning experiences of students from elementary school through higher education. As the needs of learners evolve, so does the necessity for curriculum designers to create content that is engaging, inclusive, and relevant to the challenges of the 21st century. In modern education, the […]
Critical Stages of Supply Chain Planning: From Forecasting to Execution
The question that is asked by many businesses is how they can keep up with customers’ changing needs while at the same time cutting down on expenses in the current global market, which is moving very fast. The solution to this is through effective supply chain planning. This complex procedure can unlock cost efficiency, profitability, […]
Seventh portainer boosts productivity and streamlines operations at Porto Itapoá
Acquired last year and set to begin operations in 2024, the new portainer—a rail-mounted crane that transfers containers between ships and the dock—at Porto Itapoá has already boosted productivity by 15%. However, the portainer doesn’t function in isolation. Each one relies on a range of supporting equipment and personnel, collectively known in the port industry […]
Scan Global Logistics strengthens its presence in Latin America
Scan Global Logistics (SGL), a global logistics provider, is on a growth trajectory in Latin America, driven by new market entries, expansions, and acquisitions. The company has opened new offices in Argentina and Colombia while enhancing service operations in Chile, Peru, and Mexico. These efforts aim to expand product offerings and develop new competencies in […]