Middle East

COSCO Shipping Secures Record 87-Vessel Order and Advances Hainan FTP Integration

China COSCO Shipping Corporation and CSSC inked an historic RMB 50 billion agreement for 87 new vessels on December 8th 2025, making this order one of the largest orders ever placed to modernize their fleet. On December 18th COSCO also strengthened Hainan Free Trade Port operations due to a newly introduced Island-wide Special Customs Operation system and increased logistics efficiency and global connectivity.

Imenco AS units drive global expansion through renewables, defence and subsea contracts.

Imenco AS group companies are reporting an unprecedented flurry of commercial activity in renewables, defence, and offshore energy sectors. Imenco Future Technologies secured substantial visual systems contracts, expanded in North America, and joined an 18-month US ocean power demonstration. At the same time, their UK subsea and mechanical division experienced enquiry values rise almost 50 percent as it expanded into new markets such as Africa and Middle East.