The global offshore energy insurance market remained challenging in 2025, with premium growth largely reflecting currency movements and changes in business mix rather than underlying market expansion, according to the International Union of Marine Insurance (IUMI).
Corinth Pipeworks has secured a $200–250 million contract to supply line pipe for the Rovuma LNG Phase 1 Project in Mozambique, strengthening its position in the global offshore energy market.
Tekmar has secured a contract worth in excess of €3.5 million ($4 million) to supply its market-leading cable protection technology for a major offshore energy development in the Middle East.
