Transocean has struck a deal to acquire competitor Valaris in a $6 billion stock transaction.It effectively creates the largest offshore drilling contractor on the planet, with a combined enterprise value…
The Government of India has officially approved a ₹364 crore plan to modernize the country’s fishing fleet. Under the Vessel Communication and Support System (VCSS), 100,000 mechanised and motorized fishing…
CMA CGM Group has announced a major partnership with Marlink and Eutelsat to overhaul the internet connectivity across its global fleet. Under the new multi-year agreement, the shipping giant will…
A.P. Moller – Maersk has officially signed a contract with China’s New Times Shipbuilding for eight new large containerships. While the order continues their fleet renewal program The vessels will…
The Klaipeda Port Authority has announced a massive €775 million investment plan over the next four years to increase capacity and modernise infrastructure.Last year, the port handled 39 million tonnes…
As Venezuela resumes its oil trade under U.S. management, the industry is discovering that old habits die hard. State oil company PDVSA has started shipping cargoes again, often using the…
Bangalore International Airport (BIAL) has secured a major partner for its ground operations, signing a 15-year license agreement with Menzies Aviation. Under this new long-term deal, Menzies Aviation will take…
MacGregor has secured a contract to supply a high-spec, 400-tonne Active Heave Compensated (AHC) subsea crane. The equipment is destined for a new 127-meter Floating Wind Farm Construction Vessel (FWCV),…
On Friday, the Indian Coast Guard (ICG) executed a coordinated raid 100 nautical miles west of Mumbai, busting three tankers allegedly running an Iranian oil “smuggling racket. The interception happened…
Vigor Marine Group, one of the most critical names in US ship repair, has a new owner. French private equity firm Antin Infrastructure Partners has reached an agreement to buy…
Kiyaan Singh