Colonna’s Shipyard, Inc. (CSI) will invest $70m to acquire its fourth drydock, expected to have a lifting capacity of 25,000 tons and slated for delivery in the first half of 2028.“This new drydock acquisition is a testament to our continued dedication to innovation, quality service, and our steadfast investment in the future,” said Randall Crutchfield, Chairman & CEO, at Colonna’s Shipyard, Inc.
The Louisiana Coastal Protection and Restoration Authority (CPRA), the Louisiana Department of Transportation and Development (DOTD), and the U.S. Army Corps of Engineers (USACE) have agreed to a joint commitment to overhaul bureaucratic processes and accelerate coastal resilience efforts.
A new headquarters for Meyer Turku will be built in the immediate vicinity of the shipyard, in the Blue Industry Park area. The project, valued at approximately USD$46.8 million (EUR 40 million), forms part of the company’s investment program. Construction is scheduled to begin in summer 2026, with the new premises to be completed in early 2028.
"Global iron ore shipments have risen 5% y/y during the first 12 weeks of 2026, supported by stronger Chinese import demand. However, this increase has not been matched by Chinese steel production which fell 4% y/y during the first two months of the year. As a result, the additional supply has boosted portside inventories, which reached a record high of 179.
For Capt. Paul C. LaMarre III, the maritime industry isn’t a career choice as much as it is a family inheritance — and, in his words, “all I’ve known my entire life.” In a recent interview with Maritime Reporter TV, Captain LaMarre gives unique insights on the operating efficiently, effectively and safely on the Great Lakes system – the United States’ ‘Fourth Sea’ – and with passion
DP World chairman and CEO Sultan Ahmed Bin Sulayem has resigned with mounting pressure over his alleged ties to Jeffrey Epstein.Bin Sulayem, one of the Middle East's most prominent business figures, is among the highest-profile executives to face scrutiny and be removed from senior roles following the recent release of the Epstein files.
JERA Nex bp is acquiring EnBW’s stake in the Mona Offshore Wind Farm and has signed a lease agreement with The Crown Estate for the project, marking an important milestone for the company and for the UK’s offshore wind ambitions.This is a significant step towards final investment decision for the project which, once operational, could deliver up 1.5GW of clean energy to the UK.
On Yonges Island, South Carolina, just up the Wadmalaw River from Charleston, the fourth-generation maritime company Stevens Towing Company continues to rewrite its own history. Long known for its towing and barge work, its ship repair business is growing at light speed, transforming what began decades ago as an internal maintenance yard into a dynamic commercial shipyard serving tugs, barges
Fincantieri has signed a memorandum of understanding with Italy’s metalworker unions to establish a new framework governing its production model and supply-chain contracting system, marking the conclusion of a process launched at the beginning of 2025.The agreement was signed with national representatives of FIM, FIOM and UILM and the union coordination executive.
The United States is committed to deepening military cooperation with Finland, Finnish Defence Minister Antti Hakkanen said on Thursday, despite U.S. plans to scale back its operations elsewhere on NATO's eastern flank in Europe.Finland, which joined NATO in 2023 in response to Russia's 2022 invasion of its other neighbour Ukraine, has a bilateral Defence Cooperation Agreement with the U.S.
Portland Port in Dorset, UK celebrated the twin christening of two new vessels. Dignitaries and guests watched the christening of the Wyke Castle tug and the Silverwell pilot boat on the Dorset port’s Dock Jetty before an demonstration of the vessels’ capabilities.The multi-million-pound investment in the new boats for Portland Harbor Authority comes as the port continues to grow.
The U.S. Department of Energy (DOE), in partnership with the U.S. General Services Administration (GSA), announced that DOE’s headquarters will relocate from the James V. Forrestal Building to the Lyndon B. Johnson (LBJ) building. LBJ currently serves as the headquarters for the U.S. Department of Education (ED).