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
Dutch-based Jack-Up Barge, backed by the Van Es Group, has expanded its fleet with the three-legged accommodation and services jack-up unit JB 121, following a naming ceremony in Dalian, China.The ceremony took place on November 3 at Dalian Shipbuilding Offshore, ahead of the unit's scheduled departure for the Netherlands in early November.
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
U.S. Transportation Secretary Sean P. Duffy today announced that the Maritime Administration (MARAD) is delivering $35.1 million to invest in critical infrastructure and workforce development at 45 shipyards across 24 states and the U.S. Virgin Islands. The program received a 300% increase in funding in 2026.
The Republic of the Marshall Islands (RMI) Registry recognized several milestones and achievements during Posidonia, highlighting the collaboration and teamwork to make them possible. In mid-May 2026, the United States Coast Guard (USCG) released the 2025 Port State Control (PSC) Annual Report, which recognized the RMI as a qualifying jurisdiction for the 22nd consecutive year.
This week, U.S. Representative Salud Carbajal (D-CA-24) was recognized by the International Propeller Club and received the Frank Courtenay “Salute to Congress” Award for championing legislation to support the American maritime industry. The Salute to Congress Award recognizes members of the U.S. Congress for their leadership and support of the American maritime industry.
Adm. Kevin E. Lunday will officially be sworn in as the 28th Commandant of the United States Coast Guard during an Assumption of Command Ceremony. The ceremony will be presided over by the Secretary of Homeland Security Kristi Noem.WHAT: Commandant’s assumption of command ceremonyWHEN: Thursday, January 15, 2026 at 11 a.m.
KNUD E. HANSEN, a naval architecture and marine engineering consultancy, has announced a milestone in its ongoing collaboration with Ferry Holdings Limited. Following the successful signing of the shipbuilding contract with Guangzhou Shipyard International (GSI), two new RoPAX vessels will be built.
Freire Shipyard has celebrated the keel laying of the new flagship research vessel for the Danmarks Tekniske Universitet (DTU -Technical University of Denmark). Measuring 70 meters length and 16 meters beam, with accommodation for 38 people, the Dana V is set to become a world-class platform for research and education.Successor to the Dana IV, the Dana V was designed by the Knud E.
The William E. Moran has entered service in New York, bringing enhanced capability and performance to Moran’s evolving fleet. As the first vessel in the company’s next-generation class, it is purpose-built to meet the demands of modern port operations, support evolving customer needs, and advance Moran’s goals for safety, efficiency, and environmental responsibility.