Ernst and Young reported that Cairncross Shipyard in Brisbane - reportedly the largest ship repair facility in the Southern Hemisphere - was taken control of by unlisted Australian company Forgacs Engineering Pty Ltd.
Related News
05 Jan 2026
Trio of WSF Vessels Pulled from Service for Mechanical Issues
At Washington State Ferries, 2026 has started with a thud, one ferry each of the first three days of the year were pulled…
02 Jan 2026
Petrobras FPSO Initiates Búzios 6 Production
The FPSO P-78 can produce up to 180,000 barrels per day and will increase the gas supply.Petrobras began oil production from…
02 Jan 2026
Offshore Rig Outlook: As 2025 Challenges Fade, Path Ahead Brightens
While challenges linger from the 2025 offshore rig market, there are signs it will look brighter from late 2026 onwards.Main…
02 Jan 2026
Low Demand, High Supply Keeps Asia LNG Spot Prices Flat
Asian spot liquefied natural gas prices started the year steady, as muted regional demand and ample supply kept the market…