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News

Baird Maritime
bairdmaritime.com > fishing > perus-economic-growth-slows-in-june-as-el-ni%C3%B1o-hits-fisheries

Peru's economic growth slows in June as El Niño hits fisheries

2+ hour, 10+ min ago   (297+ words) Peru's economy expanded 1.75 per cent in June compared to the same month last year, slowing from the prior month, data from its INEI statistics agency showed on Saturday, as natural climate patterns continued to affect the farming and fishing sectors....

Baird Maritime
bairdmaritime.com > offshore > offshore-support-maintenance > sea1-offshore-reports-increased-revenue-in-second-quarter

Sea1 Offshore reports increased revenue in second quarter

1+ day, 15+ hour ago   (255+ words) Sea1 Offshore recorded operating revenue of $80.1 million for the second quarter ended June 30, up from $71.3 million in the same period last year. Net profit for the three-month period reached $22.7 million, compared with $64.9 million in the second quarter of 2025, which included a…...

Baird Maritime
bairdmaritime.com > shipping > boxships > yang-ming-credits-q2-net-profit-growth-to-higher-rates-brought-by-peak-season-shift

Yang Ming credits Q2 net profit growth to higher rates brought by peak season shift

2+ day, 2+ hour ago   (169+ words) Yang Ming Marine Transport Corporation recently held its 414th board meeting and approved the company's financial results for the first half of 2026. During the second quarter of 2026, changes in tariff policies and rising energy costs drove import booking demand on the…...

Baird Maritime
bairdmaritime.com > amp > story > shipbuilding > hanwha-offers-to-buy-austals-us-operations-for-up-to-12b

Hanwha offers to buy Austal's US operations for up to $1.2b

5+ day, 59+ min ago   (381+ words) Australian shipbuilder Austal said on Tuesday that Hanwha Group had offered to buy its US operations for up to $1.20 billion as the South Korean conglomerate seeks to expand in the American defence market. Austal shares rose more than 16 per cent,…...

Baird Maritime
bairdmaritime.com > offshore > offshore-support-maintenance > thailands-mermaid-maritime-establishes-us-subsidiary-to-target-offshore-market

Thailand's Mermaid Maritime establishes US subsidiary to target offshore market

1+ week, 3+ day ago   (154+ words) Thailand-based Mermaid Maritime has established a wholly owned subsidiary in Delaware as part of its expansion into the US offshore energy market. The new entity will serve as an operational and contracting platform to pursue subsea and marine service opportunities…...

Google News
bairdmaritime.com > amp > story > offshore > drilling-production > saipem-feels-the-squeeze-in-2026-as-middle-east-crisis-inflates-costs

Saipem feels the squeeze in 2026 as Middle East crisis inflates costs

2+ week, 5+ day ago   (247+ words) Italian oil and gas contractor Saipem on Monday revised down its expectations for 2026 core earnings to take into account extra costs linked to the Middle East crisis. The de-consolidation of its shallow-water drilling business, which Saipem recently sold, also impacted…...

Google News
bairdmaritime.com > shipping > tankers > gas > european-gas-prices-stay-flat-as-supply-matches-demand

European gas prices stay flat as supply matches demand

1+ mon, 2+ week ago   (272+ words) Dutch and British gas prices were steady on Friday morning on a comfortable supply-demand balance and amid easing supply concerns as more tankers cross the Strait of Hormuz, even though a cargo vessel was hit near Oman on Thursday. The…...

Baird Maritime
bairdmaritime.com > shipping > ports > south-korea-to-develop-yeongilman-port-into-northern-sea-route-hub

Study to determine feasibility of developing Korean port into Northern Sea Route hub

1+ mon, 2+ week ago   (208+ words) The city government of Pohang in South Korea will study the feasibility of developing the Port of Yeongilman into a logistics hub that would support shipping between South Korea and Europe. The objective of the project is to determine how…...

Baird Maritime
bairdmaritime.com > offshore > refining-processing > opinion-the-economic-winners-of-the-iran-conflict

OPINION | The economic winners of the Iran conflict

2+ mon, 2+ week ago   (780+ words) Argentina, Brunei and Gabon are not three countries that would appear to have much in common. But they are in a small group of energy producers that are big winners from the war against Iran. The focus from the Iran…...

Baird Maritime
bairdmaritime.com > shipping > dry-cargo > bulkers > south-koreas-pan-ocean-sees-revenue-grow-in-q1-2026

South Korea's Pan Ocean sees revenue grow in Q1 2026

3+ mon, 1+ day ago   (258+ words) South Korea's Pan Ocean reported a revenue of approximately KRW1.51 trillion ($1.09 billion) for the first quarter that ended on March 31, 2026. This performance represented growth for the shipping group, which recorded a profit of about KRW141 billion during the three-month period. The company…...