Maritime Vessels Directory

Island Offshore’s new hybrid Ocean Energy Construction Vessel (OECV) has been launched to the water at Vard Shipyards Romania in Brăila.The 120-meter vessel, labeled NB 977, is designed to support offshore operations with reduced environmental impact. The vessel, of VARD 3 25 design, will be equipped with a 250-tonne heave-compensated subsea crane, DP2 capability and accommodation for up to 130 personnel.The hybrid-powered vessel will feature a 1.7 MWh energy storage system for hybrid propulsion, a heat recovery system and engine sets prepared for alternative low-emission fuels.

Saltchuk Acquires GLDD for $1.5B

2 days ago

Great Lakes Dredge & Dock Corporation and Saltchuk Resources, Inc. announced a definitive agreement for Saltchuk to acquire Great Lakes at an aggregate equity value of approximately $1.2 billion and a total transaction value of $1.5 billion.Under the terms of the agreement, which has been unanimously approved by the Board of Directors of both companies, Saltchuk will commence a tender offer to acquire all outstanding shares of the Company for $17.00 per share in cash. The per share purchase price represents a 25% premium to Great Lakes’s 90-day volume-weighted average price as of February 10, 2026, the last trading day prior to the announcement

Inside the Gotland Horizon X: Large, Hydrogen-Ready Catamaran

2 days ago

With a growing focus on mitigating climate change and progressing toward the International Maritime Organization’s (IMO) 2050 net-zero target, the marine sector is under intense pressure to decarbonize. Today, maritime transport emits nearly one billion tons of CO2 annually, representing roughly 2-3% of all energy-related carbon emissions worldwide .Substantial progress has been made over the past decade in reducing emissions from small commercial and coastal vessels via all-electric and diesel-electric propulsion (DEP) systems. However, decarbonizing larger ocean-going and cargo-carrying ships that travel hundreds or even thousands of miles between stops has proved more difficult.

Transocean-Valaris Tie-Up to Create $17B Offshore Drilling Major with 73 Rigs

3 days ago

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, with Transocean shareholders expected to own about 53% of the merged entity and Valaris shareholders the remaining 47% on a fully diluted basis.The transaction will combine fleets to form a portfolio of 73 offshore rigs, including 33 ultra-deepwater drillships, nine semisubmersibles and 31 modern jack-ups, expanding the companies’ presence across deepwater and shallow-water basins globally.

Maersk Orders Eight Container Ships from Chinese Shipyard

4 days ago

A.P. Moller - Maersk has ordered eight large container vessels from China’s New Times Shipbuilding.All eight ships will have the same characteristics and make up a new series of 18,600 TEU vessels with delivery in 2029 and 2030.The ships will be equipped with dual-fuel engines able to operate on conventional bunker fuel or liquified gas.“We are pleased to have signed this agreement for eight large vessels. The order is part of our ongoing fleet renewal and helps maintain our fleet’s competitive edge,” said Anda Cristescu, Head of Chartering & Newbuilding at Maersk.The vessels will measure about 366 meters in length and 58.

Maritime Reporter and Engineering News (February 2026)