News in Numbers

Global port operator Hutchison Ports has announced an investment of around $700m in two port projects in Egypt.

US-based Tidewater has reached a definitive agreement for the acquisition of 37 platform supply vessels from Solstad Offshore for $577m.

South Korea-based Daewoo Shipbuilding & Marine Engineering has received a contract worth $521m for the construction of two new liquefied natural gas carriers.

AD Ports Group has reached a 30-year concession agreement with the Red Sea Ports Authority for the development and operation of a multi-purpose terminal in Egypt’s Safaga Port. The port operator will invest up to $200m in buildings, superstructures, and equipment.

Finnish company Norsepower has raised €28m in Series C funding to boost the production and reach of its rotor sail technology, which is designed to lower emissions.