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.
U.S. President Donald Trump and Finnish counterpart Alexander Stubb sealed an agreement on Thursday for the U.S. Coast Guard to acquire up to 11 icebreaker ships to bolster U.S. national security in the Arctic.Trump and Stubb have established friendly ties since Trump regained power in January, and the two met in March at the president's Mar-a-Lago club in Florida and played a round of golf.
In a major move to accelerate the U.S. Coast Guard’s icebreaking fleet expansion, Bollinger Shipyards, Rauma Shipyards, Seaspan Shipyards, and Aker Arctic announced a partnership to deliver next-generation Arctic Security Cutters (ASCs) under the Coast Guard’s multibillion-dollar icebreaker program.The collaboration combines U.S.
Bollinger Shipyards has opened a 7,200-square-foot workforce training center at its Gulfport, Mississippi, facility to expand skilled trades training for the U.S. shipbuilding industry.The facility was developed in partnership with the U.S. Navy's Submarine Industrial Base (SIB) Program Office and Mississippi Gulf Coast Community College.
Bordelon Marine has completed the conversion and redelivery of the MV Lilly Bordelon, a Stingray Series 260 Class DP-2 Ultra-Light Intervention Vessel (ULIV).Repurposed from an existing platform, the Lilly Bordelon has been transformed into a subsea intervention vessel designed to deliver solutions for offshore operations. The vessel features over 5,500 sq. ft.
The U.S. Coast Guard has awarded a contract to Bordelon Marine to provide a commercial support vessel that will transport supplies, equipment and personnel to Coast Guard cutters operating in the Caribbean, Gulf of America, and other maritime areas in the Western Hemisphere.The contract supports the Coast Guard’s Homeland Security Cutter-Ocean (HSC-Ocean) initiative
Hungary's MOL group has ordered tankers delivering Saudi, Norwegian, Kazakh, Libyan and Russian oil to supply its Hungarian and Slovak refineries and halted diesel supplies to Ukraine as it scrambles to overcome an outage of the Druzhba pipeline, officials said on Wednesday.MOL's refineries, the last in the EU to receive Russian oil through Druzhba