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Norwegian yard could be hit by new impairments

Italy's Fincantieri group does not rule out that there could be more impairments in store on asset values at Vard, writes Reuters. The Norwegian shipbuilder has already received large capital injections from the owner.

Singapore will push shipping companies toward LNG

LNG is the only sustainable solution for the shipping industry here and now, says Singapore's Maritime and Port Authority, which is ready with an incentive program for shipowners to push them toward LNG-driven vessels.

Last week's top stories on ShippingWatch

Hafnia and CEO Mikael Skov had to dial down expectations ahead of IPO but reached its target for sale of shares ahead of thelisting. Former BW chief executive Tina Revsbech landed a new top job within shipping, and Thorco Projects is once again positive, in a week in which several companies presented financial figures.

Boskalis expects stronger second half of the year

Offshore company Boskalis exited the third quarter of the year with increases in revenue and operations. The order book also grew in the period, and the company expects a stronger second half of the year, writes Boskalis in an update.

Oil companies support Prosafe merger – but authorities say no

Equinor, Aker BP and Total all see the advantages of a merger between Prosafe and Floatel. Each company is fragile on its own, according to a response that ShippingWatch has read via a right of access to documents. Norwegian authorities have rejected the merger.

Wärtsilä hit by weak demand

Order intake dropped by almost a third at Wärtsilä in the third quarter. Prospects for the Finnish supplier's Marine business are "soft".

Alfa Laval sees major drop in scrubber orders

Swedish Alfa Laval saw a significant drop in orders for the company's scrubber systems in the third quarter. Conversely, sales of another type of environmental system are more positive.

V.Group appoints new CFO

Ship manager V.Group has hired a new CFO, who will take up the position in the first quarter next year.

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