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
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.
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
Overseas Shipholding Group, OSG Ship Management (OSG) and their affiliate Alaska Tanker Company (ATC) are appealing recent separate decisions of the National Labor Relations Board (NLRB) relating to charges filed by the International Organization of Masters, Mates and Pilots, AFL-CIO (MM&P).
The Pasha Group has appointed Raymond Fitzgerald as President and Chief Operating Officer (COO), effective October 1, 2026. In conjunction with this appointment, company owner George Pasha, IV has transitioned from his previous role as President and Chief Executive Officer (CEO) to Chairman and CEO.
The National Labor Relations Board (NLRB) has ordered both Alaska Tanker Company (ATC) and Overseas Shipholding Group (OSG), Saltchuk Resources subsidiaries, to immediately recognize the International Organization of Masters, Mates & Pilots (MM&P) and bargain in good faith with more than 125 Licensed Deck Officers.
TowWorks, a provider of enterprise technology solutions for the marine transportation industry, announced Tow Works Invoice Intelligence, an invoice processing solution designed to reduce the time and manual effort required to process vendor invoices and close out voyages.Developed by TowWorks in response to the high volume and complexity of vendor invoicing within marine operations
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.
As the maritime industry globally seeks to attract and retain crews, onboard amenities including seamless connectivity for gains in importance.Sign up now to listen in on the webinar "Crewed Up or Crew Cut? Rethinking retention and recruitment at sea," with insights from three leading U.S.