Finance News

The global smart ports market is set to garner US$ 16 billion by 2033, surging ahead at 20.4% CAGR from 2023 to 2033. A smart port is an automated port that uses cutting-edge technologies such as artificial intelligence (AI), the internet of things (IoT), and blockchain to improve its operation.

The Biden-Harris administration has released the President’s Budget for Fiscal Year (FY) 2024. The budget reflects the Administration’s commitment to ongoing efforts vital to the Bureau of Ocean Energy Management’s (BOEM) mission, which include advancing renewable energy, creating good-paying jobs with a free and fair chance to join a union, bolstering energy security, supporting economic prosperity, and ensuring the reliability and affordability of domestic clean energy.

ROVOP, one of the world’s largest independent remotely operated vehicle (ROV) solutions providers, announces a new $25 million senior secured credit facility with Cordiant Capital (Cordiant), the specialist global infrastructure & real assets manager.

Ocean services provider DeepOcean delivered another year of profitable growth in 2022. High demand for the company’s services across offshore industries means that the company entered 2023 with strong momentum and a significantly improved order backlog.

Fulkrum, a leading provider of inspection, expediting, auditing, and technical staffing services to the energy industry, has reported a successful 2022. Strategic expansion and key global appointments are cited as the driving force behind the class-leading service providers’ growth of over 10% in 2022.

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