New York City-headquartered investment firm Stonepeak is to acquire a majority controlling interest in Castrol from BP p.l.c. in a transaction valuing the business at an enterprise value of approximately $10.1 billion.
![Under new agreement, Marmen will manufacture selected submarine sections and complex assemblies for the TKMS HDW 212CD submarine platform. [Image: TKMS]](https://www.marinelog.com/wp-content/uploads/2025/12/csm_212CD-Submarine_shipbuilding-hall-at-thyssenkrupp-Marine-Systems-in-Kiel_b22e576339-300x225.jpg)
Kiel, Germany-headquartered TKMS, which is one of the two finalists to build the Royal Canadian Navy’s planned Patrol Submarine Project (CPSP) has signed a strategic teaming agreement with Trois-Rivières, Quebec-based high-precision machining
New York Gov. Kathy Hochul, Connecticut Gov. Ned Lamont, Massachusetts Gov. Maura Healey and Rhode Island Gov, Dan McKee have written Secretary of the Interior Doug Burgum demanding the immediate lifting of
![CableCable burial vessel [Image: Mitsui O.S.K. Lines]](https://www.marinelog.com/wp-content/uploads/2025/12/MONCabR-300x225.jpg)
ClassNK has issued an Approval in Principle (AiP) for the designs of a cable jointing vessel and a cable burial vessel developed by Mitsui O.S.K. Lines Ltd (MOL). The certification demonstrates the
![Light well intervention vessel Seawell [Photo: Helix Energy Solutions]](https://www.marinelog.com/wp-content/uploads/2025/12/PAN-seawell-300x225.jpg)
Houston-headquartered Helix Energy Solutions Group, Inc. (NYSE: HLX) reports that it has secured a multi-year contract with a major operator for riserless plug and abandonment (P&A) operations on up to 34 subsea
![Kenneth J. Braithwaite was sworn in as the 77th Secretary of the Navy during President Trump’s first administration. [U.S. Navy photo]](https://www.marinelog.com/wp-content/uploads/2025/12/KJB-scaled-1-300x225.jpg)
Fincantieri Marine Group member Fincantieri Marinette Marine (FMM) has appointed former U.S. ambassador to Norway and the 77th Secretary of the Navy, Kenneth J. Braithwaite, as chairman of its board of directors.
The last new Navy ship design announced was for a frigate. Yesterday, something considerably larger was unveiled: a new class of American-designed battleships —the Trump class — that, says the administration, will
The Alabama Port Authority has begun demolition and reconstruction of Pier B South, launching a multi-year, multi-phase program to modernize the Port of Mobile’s general cargo terminal—one of the port’s most historic
Maritime shipping plays a key role in global trade, providing transportation for roughly 80% of goods bought and sold internationally. At the same time, maritime vessels generate significant emissions—contributing around 3% of
![Daniel Reedtz Cohen will become new managing director of Svitzer Americas. [Photo: Svitzer]](https://www.marinelog.com/wp-content/uploads/2025/12/Daniel_Reedtz_Cohen-300x225.jpg)
Global towage provider Svitzer has announced leadership changes in Europe and the Americas that will see Daniel Reedtz Cohen become managing director of Svitzer Americas, succeeding Arjen Van Dijk who, after six
