Norwegian maritime technology company Kongsberg Maritime has agreed to acquire Swedish propulsion specialist Berg Propulsion in a move aimed at expanding its marine propulsion portfolio and strengthening its position across a wider range of vessel segments.Financial terms of the transaction were not disclosed
A dual fuel combustion system developed by Oak Ridge National Laboratory (ORNL) in collaboration with Caterpillar Inc. addresses the challenge of methanol ignition in diesel engines, with clear relevance for inland and coastal marine vessels.Methanol is typically produced from natural gas, an abundant domestic resource, and converting it into a liquid allows easier storage and handling.
Classification societies have always occupied a unique position in maritime: technical arbiters, rule makers, certifiers, and, increasingly, strategic advisors helping shipowners navigate some of the most consequential decisions in shipping’s and shipbuilding’s history. As maritime grapples with decarbonization mandates, digital transformation, automation
A new multi-million dollar Security and Rescue Training Center (SRTC), the first commercial facility of its kind in the world, is set to be built in the United Arab Emirates (UAE). It will serve as a regional hub for advanced, first-class, certified mission-based training for Helicopter Emergency Medical Services (HEMS), law enforcement, special forces, and commercial enterprises across the world.
The U.S. Supreme Court is set to explore legal questions arising from the fraught history of U.S.-Cuban relations when it considers the scope of a 1996 law that lets U.S. nationals seek compensation for property confiscated by the communist-led Cuban government.The justices hear arguments on Monday in two cases centered on the federal law called the Helms-Burton Act, one involving U.S.
In December of 2025, the U.S. Coast Guard announced the award of two contracts to build up to six Arctic Security Cutter (ASC) icebreakers. The announcement declaring the vessels would be built between the United States and Finland in a major step forward for America’s national security in the Arctic region. The decision process encompassed more than the security of the Arctic passage.
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
U.S. President Donald Trump's administration is on a mission to weaken China's global network of ports and bring more strategic terminals under Western control, according to three sources familiar with the plan.The drive is part of the most ambitious effort to expand U.S. maritime influence since the 1970s and is designed to address growing fears in Washington that it would be at a disadvantage
HD Korea Shipbuilding & Offshore Engineering (HD KSOE) has conducted a steel cutting ceremony for a 115,000-ton product tanker at the HD Hyundai Philippines Shipyard in Subic Bay, Philippines.The vessel is the first ship built by HD Hyundai Philippines and is the first in a series of four vessels ordered from an Asian shipping company in December last year.
Colonna’s Shipyard is a fifth-generation, family-owned medium-sized shipbuilder, led by Randall Crutchfield, Chairman & CEO, today. Founded in 1875 by 26-year-old ship carpenter Charles J. Colonna with a $2,000 loan from his brother, he founded a company that has not only withstood the test of time
Cooperative Ventures has announced an investment in OpenTug, an AI-native logistics technology company specializing in inland and coastal marine transportation. Cooperative Ventures, a joint venture between CHS Inc. and GROWMARK, focuses on investing in agtech startups and developing mutually beneficial commercial relationships between startups and partners.
UAV Navigation-Grupo Oesía, a Spanish company that specializes in guidance, navigation, and control solutions for unmanned vehicles, announced the release of software version 9.2, introducing enhanced interoperability, modularity, and multi-domain operational capabilities.Version 9.