All-Cash Deal, Expanding Brazil FootprintTidewater Inc. (NYSE: TDW) has signed a definitive agreement to acquire Wilson Sons Ultratug Participações S.A. and its affiliate Atlantic Offshore Services S.A. (collectively, WSUT) in an all-cash transaction valued at approximately $500 million, including the assumption of existing debt.
Great Lakes Dredge & Dock Corporation and Saltchuk Resources, Inc. announced a definitive agreement for Saltchuk to acquire Great Lakes at an aggregate equity value of approximately $1.2 billion and a total transaction value of $1.5 billion.Under the terms of the agreement, which has been unanimously approved by the Board of Directors of both companies
NYK Line, in partnership with Ocean Yield AS, has signed multiple long-term charter contracts for new liquefied natural gas (LNG) carriers with Cheniere Marketing International LLP, a wholly owned subsidiary of Cheniere Energy, Inc., a US LNG producer.The vessels will be built at HD Hyundai Heavy Industries Co. Ltd. in South Korea and will be delivered from 2028.
The $5.4 trillion global maritime industry faces a perfect storm of cyber vulnerabilities, and a new government regulation aims to be the lighthouse guiding stakeholders to safer digital harbors.On January 17, 2025, the US Coast Guard (USCG) published a final rule titled “Cybersecurity in the Marine Transportation System
Hong Kong's CK Hutchison said on Wednesday its Panama Ports Company unit has started international arbitration proceedings against Panama after the country's top court annulled its licences to operate two Panama Canal ports, in a case that could take years to resolve.Panama's Supreme Court last week ruled the contracts violated Panama's constitution by giving the company exclusive privileges and