Great Eastern Shipping Company Ltd. (GESCO) is set to enhance its fleet by acquiring a Kamsarmax dry bulk carrier of approximately 81,922 DWT, scheduled for Q3 FY 2026. This acquisition, fully funded through internal accruals, follows agreements for two secondhand vessels, expanding GESCO’s fleet to 41 vessels and 3.37 million DWT.
HD Hyundai is expanding its shipbuilding business to enhance competitiveness against Chinese firms by acquiring Doosan Vina for $207 million. This acquisition strengthens its capabilities in producing essential components for LNG plants and eco-friendly shipping. The company is also increasing its shipbuilding capacity in Vietnam, aiming for higher annual vessel production.
The Shipping Corporation of India (SCI) has bolstered its fleet with the addition of the LPG carrier, Sahyadri. This Very Large Gas Carrier (VLGC), measuring 225 meters long, enhances India’s energy transportation self-sufficiency. The acquisition increases SCI’s fleet to 57 vessels, supporting government initiatives for maritime self-reliance.
Safe Harbor Marinas has acquired Los Sueños Marina in Costa Rica, enhancing its global footprint. CEO Baxter Underwood emphasized its status as a premier sportfishing destination, attracting enthusiasts from California to the Carolinas. With 200 wet slips and luxury amenities, this acquisition reinforces Safe Harbor’s commitment to top-tier services in the marine industry.
The Shipping Corporation of India (SCI) is enhancing its fleet by acquiring two second-hand Very Large Gas Carriers (VLGCs) with a capacity of 82,000 cubic meters each. This strategic move, formalized on July 4, 2025, aims to strengthen SCI’s tonnage and operational capabilities in response to growing market demands.
Mazagon Dock Shipbuilders Limited (MDL) has made a significant move by acquiring a controlling stake in Colombo Dockyard PLC for up to $52.96 million. This landmark acquisition enhances MDL’s strategic position in the Indian Ocean, aligning with its ambition to become a regional maritime leader and reinforce India’s maritime presence.
Japanese shipping giant Nippon Yusen Kaisha (NYK) has acquired Kadmos, a maritime salary payments platform from Germany. This acquisition enhances NYK’s financial services, allowing it to support seafarers of various nationalities. The integration of Kadmos with NYK’s existing MarCoPay will broaden service offerings and improve financial support for seafarers worldwide.
LALIZAS is expanding in the Americas, having acquired Brazil’s leading lifejacket manufacturer, ATIVA NÁUTICA. Founded in 1998, ATIVA has grown significantly under Marta Lara and Roberto Sampaio. This acquisition reinforces LALIZAS’ commitment to nurturing small businesses while enhancing the nautical industry and setting new safety standards across continents.
Mazagon Dock Shipbuilders Ltd (MDL) is advancing towards acquiring a 51% stake in Colombo Dockyard PLC, which is currently facing financial difficulties. The deal, expected to formalize with a Memorandum of Understanding soon, aims to strengthen India’s maritime position while addressing job security concerns among trade unions amid potential management changes.
Noatum Maritime, a UAE-based maritime services provider, has acquired the region’s first all-electric hydrofoiling pilot boat and invested in two electric tug boats. These vessels aim to decarbonize operations and contribute to sustainability goals. The Artemis EF-12 pilot boat and Damen RSD-E tugs 2513 enhance energy efficiency and offer zero-emission solutions for port operations.
Adani Ports and SEZ Ltd has revealed plans to acquire a coal export terminal in Australia for $2.4 billion. The acquisition of Abbot Point Port Holdings Pte Ltd will enhance its foothold in the Asia-Pacific region. With a capacity of 50 million tonnes per annum, this move aligns with the company’s global growth strategy.
A Scandinavian mid-tier investment firm has acquired Cobham Satcom, a manufacturer of satellite communications terminals, to expand its technology focus in the maritime sector. The UK-based Cobham Group sold its satellite communications arm to Solix in Denmark. This acquisition will enable Cobham Satcom to invest in new communication terminals for various satellite networks.
A.P. Møller Holding, through its subsidiary APMH Invest, has made a cash offer to acquire all issued shares of Svitzer Group. The offer values Svitzer at $1.3 billion, representing a 31.7% premium. APMH believes private ownership will support Svitzer’s growth. The offer has been recommended by the Svitzer Board of Directors.
Russia’s VTB, the second-largest lender, failed to acquire Zvezda shipbuilding yard from Rosneft due to lack of financing. VTB’s USC couldn’t secure funds for the deal, halting negotiations. The yard specializes in building ice-class tankers for Arctic LNG transport. Despite setbacks, Russia aims to boost its shipbuilding industry amid Western sanctions.
J.F. Lehman & Company has sold Global Marine Group to Keppel Infrastructure Fund. GMG, a leader in subsea telecom services, has a long history dating back to 1850. The sale reflects GMG’s strength in the market and its ability to adapt to industry changes. The partnership with KIF is expected to drive continued success.
