Offshore drilling contractor Seadrill is looking to buy more assets or create a larger player by merging with peers, the company's CEO said on Wednesday.Norwegian-born billionaire John Fredriksen lost the control of the company, once the world's largest driller by market cap, to its creditors over two debt restructurings since 2014.
Singapore-based Seatrium has secured a series of major contracts for vessel repairs, upgrades and conversions, set for completion by the end of 2025.With an aggregate value of S$350 million ($259 million), the contracts have reinforced Seatrium’s reputation as a one of the market leaders in vessel repairs, upgrades and conversions.
Sweden is investigating a possible breach of an undersea cable off the country's southwestern coast in the Baltic Sea, the coastguard said on Friday, in an area where multiple seabed cables have been damaged in recent months.The Baltic Sea region is on alert and the NATO alliance has boosted its presence after a series of power cable
Two U.S. Navy ships sailed through the sensitive Taiwan Strait this week in the first such mission since President Donald Trump took office last month, drawing an angry reaction from China, which said the mission increased security risks.The U.S. Navy, occasionally accompanied by ships from allied countries, transits the strait about once a month.
Port of Virginia’s Portsmouth Marine Terminal has welcomed the arrival of the first substation to be installed at the Coastal Virginia Offshore Wind (CVOW) project.The CS Wind Offshore and Semco Maritime consortium was selected by Dominion Energy in 2021 to deliver three 880 MW offshore substations for the project, under development by Dominion Energy.
What has been described as the most transformational warship in the U.S. Navy has been transformed again. USS Zumwalt (DDG 1000) recently completed modifications to remove her main guns and replace them with a hypersonic missile capability. The work to have her guns removed to make space for new weapons was conducted at Ingalls Shipbuilding in Pascagoula, Miss.
In March 2025 the major exhibition Pirates will open at the National Maritime Museum (NMM), tracing the changing depictions of pirates throughout the ages and revealing the brutal history often obscured by fiction. While sometimes portrayed as tricksters or scoundrels, pirates are primarily swashbuckling adventurers associated with lush islands, flamboyant dress and buried treasure.
The first jacket foundation for the substation of the Coastal Virginia Offshore Wind (CVOW) project has departed from the Danish Port of Esbjerg and is on its way to the United States to be installed at the country’s largest offshore wind farm.The first of three offshore jacket foundations, standing 60-meter-tall and weighing approximately 2,445.
Advances in autonomous vessels – from R&D to regulatory policies to actual work – are moving rapidly. AVs include a range of vessel types and missions, from freight to law enforcement to research to defense. There are many acronyms. Some examples –AV stands for autonomous vessel.AUV is autonomous underwater vessel.MASS stands for “maritime autonomous surface ship.”NOMARS is a U.S.
Caterpillar Marine announced plans to deploy its first set of field demonstrator methanol dual-fuel 3500E marine engines in 2026.Cat 3500E marine engines will utilize innovative dual-fuel technology that leverages proven diesel fuel systems and supports vessels’ low-pressure – below 10 bar – fuel systems.
On April 19th, 2024, Muddy Water Dredging, LP, held the christening ceremony of its Marlin Class dredge at the Port of New Orleans. The event was attended by many esteemed business leaders, media personnel, and distinguished dignitaries. "We are happy to unveil the Vaneta Marie dredge.
For Cheryl “Cherrie” Felder, the path to the maritime industry was both untraditional and seemingly meant to be. After studying African art, she began her career working in a museum in New Orleans before landing a role directing professional rodeo in the Big Easy.“It was a lot of fun, and I learned a whole lot,” Felder said. “But as you may imagine, New Orleans is not a rodeo town.