Offshore drilling contractor Transocean has agreed to acquire Valaris in an all-stock transaction valued at about $5.8 billion, creating one of the world’s largest offshore drilling contractors with a fleet of 73 drilling rigs.The combined company will have an enterprise value of roughly $17 billion
MariApps Marine Solutions, a global leader in maritime digital solutions and a member of the Schulte Group, has announced it has acquired 100% ownership of Hyderabad-based software company, EffiaSoft Private Limited.This acquisition marks a milestone in MariApps’ commitment to expandingi ts digital ecosystem and enhancing its technological capabilities.
Crosby Enterprises, LLC (the “Company”) announced that the Company filed chapter 11 cases for several of its subsidiary/affiliate units, Crosby Tugs, L.L.C., Crosby Dredging, L.L.C. and Crosby Marine Transportation, L.L.C., in the U.S. Bankruptcy Court for the Eastern District of Louisiana on March 23, 2026.
J.F. Lehman & Company, an alternative asset manager focused on the aerospace, defense, government, maritime, environmental and infrastructure sectors, has announced that investment affiliates, including JFL Equity Investors VI, L.P., have acquired Forged Solutions Group, Inc. (FSG).
On January 6, 2026, Ms. Laura DiBella of Florida was sworn in as a Commissioner of the Federal Maritime Commission (FMC or Commission). Commissioner DiBella will serve for a term that expires on June 30, 2028. Commissioner DiBella was nominated by President Trump on September 3, 2025, confirmed by the United States Senate on December 18, 2025
French offshore marine services company Bourbon has completed a financial and capital restructuring, with Davidson Kempner Capital Management LP and Fortress Investment Group becoming its majority shareholders.The restructuring marks the start of a new strategic phase aimed at improving profitability, enhancing organizational efficiency, and expanding market presence.
Inmarsat Maritime, a Viasat company, has announced that Anglo-Eastern will upgrade Hadley Shipping Group’s fleet to Inmarsat’s fully managed bonded connectivity solution, NexusWave.Hadley Shipping Group is a long-standing Inmarsat Maritime user. Its transition to NexusWave represents a significant step forward in adopting a unified
The Pasha Group, together with The Northwest Seaport Alliance (NWSA), announced Pasha Logistics LLC’s acquisition of certain assets of MacMillan-Piper LLC and Tacoma Transload LLC. The expansion follows the successful completion of an asset purchase agreement with the court-appointed Receiver for GSC Enterprises, Inc.
The Shipbuilders Council of America (SCA), the national association representing the U.S. shipbuilding, maintenance, and repair industry, announced its annual member safety awards for the 2024 calendar year. This year, 14 shipyards are receiving awards for their achievements in safety. The shipbuilding industry continues to improve on safety metrics year after year.
St. Johns Ship Building, a Palatka, Florida-based Jones Act-compliant shipyard owned by Americraft Marine, announced the delivery of the WINDEA Reliance, the third and final vessel in a series of 30-meter aluminum Crew Transfer Vessels (CTVs) built for WINDEA CTV LLC, a partnership between MidOcean Wind and Hornblower Wind.
Florida-headquartered Seascour has struck a second deal to supply its organic marine descaler product on one of the Great Lakes most famous vessels, The Wilfred Sykes.The iconic steam powered bulk freighter built in 1949 operated by Indiana based Central Marine Logistics, has just received its second application of Seascour.
ABS Wavesight, the ABS-affiliated software-as-a-service (SaaS) company, has been chosen by Navios Maritime Partners L.P. to provide a single integrated platform to support compliance with the FuelEU Maritime Regulation and EU Emissions Trading Scheme (ETS) requirements.As of January 1, 2025