SUGAR EXPRESS

Abu Dhabi Ports Group, via its subsidiary SAFEEN Drydocks, has acquired full ownership of Balenciaga Astilleros Shipyard in Spain for a total consideration of $13.1, consolidating the group’s operations in Spain and the Mediterranean and supporting its expansion in the offshore wind sector.SAFEEN Drydocks, part of Noatum Maritime, acquired the Basque-region shipyard, which will be renamed Balenciaga Shipyard, adding nearly a century of shipbuilding experience and advanced infrastructure to AD Ports Group’s portfolio.The facility includes two drydocks, a 105-metre slipway, and manufacturing and fabrication facilities spanning more than 25,000 square meters.

Subsea services provider OMS Group has signed contracts with Ulstein for the design and construction of two cable laying vessels (CLVs).The vessels will be designed by Ulstein Design & Solutions and constructed at Ulstein Verft, with delivery planned for 2028. Each vessel will be about 130 meters long and 22 meters wide, with cable capacity of up to 6,500 tonnes and accommodation for 75 people.The design includes two large cable tanks, two spare-cable tanks, an enclosed cable deck hangar, and an open deck above the hangar for remotely operated vehicles and containers. The vessels will also be equipped with a 50-tonne A-frame and towing winch for cable ploughing operations.

CF Industries, Trafigura and TFG Marine have signed a memorandum of understanding (MoU) to facilitate the adoption of low-carbon ammonia as a marine fuel.Building on the successful collaboration between CF Industries and Trafigura in the shipment of low-carbon ammonia, the agreement establishes a framework for the parties to work together on advancing low-carbon ammonia as a marine fuel, supporting the global shipping industry's emissions-reduction efforts.Under the MOU, CF Industries, Trafigura and TFG Marine will collaborate on market development, stakeholder engagement and bunkering logistics planning. The collaboration will initially focus on the U.S. Gulf Coast and Northwest Europe.

For Rauma Marine Constructions (RMC), the year has had a strong start. Today, a significant milestone was reached in the Squadron 2020 project with the start of production of the fourth multi-purpose corvette and the keel-laying of the third one. This also means that all four multi-purpose corvettes of Pohjanmaa class -- ships that measure 117 x 16.5m with a 5m draft and a crew of 70 -- are now simultaneously under construction at the RMC shipyard. Moreover, preparations are in full swing for the production of the two icebreakers ordered by the United States at the end of 2025.The year 2026 is expected to be particularly interesting and significant for the Rauma shipyard.

Qatar Gas Transport Company Q.P.S.C. Nakilat announced its financial results for the year ending December 31, 2025. The Group delivered a net profit of USD$460 million (QAR 1.69 billion), representing an increase of 3.1% compared to USD$450 million (QAR 1.64 billion) in 2024.In recognition of the Group’s performance and its ongoing focus on delivering shareholder value, the Board of Directors has recommended:A cash dividend of USD$1.98 (7.2 Qatari Dirhams) per share for the second half of 2025. This is in addition to the half-yearly interim cash dividend of USD$1.98 (7.