Introduction. Looking back at history one could argue that it was French author Jules Verne in his book “20,000 Leagues Under the Sea”, published in 1869, who was speculating about a new power source much in the same out of the box thinking that H.G. Wells employed when he wrote about inter-planetary flight in “War of the World’s.
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.
Brazil's Federal Audit Court (TCU) on Monday voted six to three to recommend that operators of existing container terminals at the Santos port be barred from participating in the first phase of bidding for a planned mega terminal, citing concerns over market concentration.The decision deals a blow to companies such as Danish shipping group Maersk
C&C Marine and Repair delivered M/V Capt. Pete Ciaramitaro, a 2,600-horsepower inland towboat, to Southern Devall. The vessel is the first delivery from C&C Marine’s six-vessel spec towboat program and was delivered just over two months after the contract was signed on July 20, 2026.
Tidewater Inc. has announced the completion of its acquisition of Wilson, Sons Ultratug Participações S.A. and its affiliate Atlantic Offshore Services S.A. (collectively: WSUT), effective August 31, 2026.Quintin Kneen, Tidewater’s President and Chief Executive Officer, commented, “We are pleased to announce the closing of the WSUT acquisition
Looking back at history one could argue that it was French author Jules Verne in his book “20,000 Leagues Under the Sea”, published in 1869, who was speculating about a new power source much in the same out of the box thinking that H.G. Wells employed when he wrote about inter-planetary flight in “War of the World’s.
As part of the ESAB Future Fabricators program, ESAB announced that it will again sponsor the “Blue Collar Tour,” featuring Western Welding Academy, continuing their shared mission to increase the interest and awareness of high school students in the skilled trades. The 2026 tour starts January in Stratton, Colorado, and includes 31 total stops in 21 states before concluding in mid-March.
Danish shipping company NORDEN has acquired the Southern African cargo activities of Taylor Maritime, previously operated under the IVS brand, adding to its growing parceling and project cargo business.As part of the deal, NORDEN will take over the specialist parceling team based in Durban, South Africa, led by Brandon Paul, who will continue serving customers on parcel trades from South Africa.
More than 90% of global freight is transported by over 33,000 merchant marine vessels powered by two stroke crosshead engines as their main source of propulsion; the two-stroke diesel engine has been the backbone of global trade and globalization for well over half a century. Among one of the key factors supporting the reliability and uptime of these engines, keeping trade moving
Exiger, a supply chain AI company and largest provider of supply chain risk technology to the U.S. Government, has announced that retired U.S. Navy Captain (Supply Corps) Mark Harris has joined as a Strategic Advisor.He brings over 30 years of logistics, supply chain, and operations management experience across diverse Navy programs to the development and delivery of Exiger's AI across military
The IMO has called an Extraordinary Council meeting to discuss situation in Middle East. The meeting will focus on the impact on shipping and seafarers in the Arabian Sea, the Sea of Oman and the Gulf region, particularly in and around the Strait of Hormuz.The session will be held on March 18 to 19 at the IMO headquarters in London, United Kingdom, to be chaired by Victor Jiménez of Spain.
This week, Rolls-Royce announced that it has successfully tested the world’s first high-speed marine engine powered exclusively by methanol on its test bench in Friedrichshafen.Together with its partners in the meOHmare research project, Rolls-Royce says its engineers have therefore reached an important milestone on the road to climate-neutral and environmentally friendly propulsion solutions