South Koreas Korea Development Bank (KDB) plans to sell its 19.5% stake in Hanwha Ocean as the shipbuilders stock surges amid U.S. partnerships and a sector resurgence. The phased exit begins with a block sale starting Monday, capitalizing on Hanwha Oceans strong market performance.
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INEOS and Covestro have signed an eight-year natural gas supply agreement starting in 2027, aiming to stabilize Europe’s industrial energy needs while transitioning to renewables. The deal leverages INEOS’ LNG infrastructure to provide Covestro with a reliable, cost-effective energy source amid market volatility.
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Odyssey Marine Exploration aligns with President Biden’s new Executive Order to boost seabed mining for critical minerals, positioning itself to capitalize on growing demand for metals used in defense and green technology. The company maintains financial flexibility with a $150 million shelf registration while focusing on polymetallic nodules and phosphate projects to avoid geopolitical tensions.
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High-tech ropes and smart winches are transforming ultra-deep-water operations, with Parkburn Precision Handling Systems and Scantrol AS collaborating to enhance reliability and precision for Stabbert Maritime Group’s Ocean Guardian. Their integration of advanced materials like Hampidjans TechIce rope and cutting-edge AHC technology sets a new standard for extreme offshore conditions.
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Three of South Koreas leading energy firms are joining forces to secure a massive liquefied natural gas (LNG) shipment, signaling continued demand in one of Asias most critical energy markets. The joint tender seeks between 3 and 3.6 trillion British thermal units of LNG, with delivery slated for mid-to-late June.
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