Exits
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Maritime News
China’s CNOOC Exits U.S. Offshore Oil and Gas
British energy company Ineos has completed a planned acquisition of the U.S. Gulf assets of Chinese state oil major…
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Marine World
New Jersey Cancels Fourth Offshore Wind Solicitation as Shell Exits Atlantic Shores Project
The New Jersey Board of Public Utilities (BPU) has canceled its fourth offshore wind solicitation amid significant market challenges and…
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Marine World
Avance Gas Exits Shipping Market with $450 Million Profit, Plans Complete Wind-up
Avance Gas Holding Ltd (OSE: AGAS), one of the leading owners of Very Large Gas Carriers (VLGCs), has announced its…
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Port News
Eversource Energy formally exits offshore wind sector
Utility company Eversource Energy has formally exited the offshore wind sector by wrapping up the sale of its 50% interest…
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Marine World
Chevron Exits California After Policy Disputes With Democrat Leaders
By Kevin Crowley (Bloomberg) Chevron Corp. is relocating headquarters to Houston from California after repeatedly warning that the Golden State’s regulatory…
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Port News
Lomar Shipping exits container shipping
Libra Group subsidiary Lomar Shipping has sold its last containership. Lomar has sold more than 90 boxships this decade. The…
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Port News
Korea Line exits VLCC segment with sales to Bahri
Saudi Arabian shipping giant Bahri has purchased four modern VLCCs from Korea Line Corporation, according to brokers. No price is attached…
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Maritime News
Shell Exits Wind Investment Selling South Korea Project to Partner Hexicon
Shell has become the latest major to retreat from its earlier plans for investments in offshore wind development agreeing…
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Maritime News
Eversource Exits Offshore Wind by Selling Ørsted JVs to Private Equity Firm
Eversource Energy, the operator of New England’s largest energy delivery system, executed a definitive agreement to complete the exit…
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Port News
Sumitomo Heavy exits commercial shipbuilding
Japanese shipyard Sumitomo Heavy Industries Marine & Engineering has decided to stop taking new orders for commercial vessels. The yard…
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