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
In a shipbuilding industry defined by tradition, one new entrant is seeking to rewrite the rules of how naval vessels are designed, built and delivered. Saronic Technologies, founded just three years ago, is racing to create what CEO Dino Mavrookas calls “a next-generation shipbuilding ecosystem” — one capable of delivering unmanned surface vessels (USVs) at the speed and scale the U.S.
U.S. President Donald Trump's administration is on a mission to weaken China's global network of ports and bring more strategic terminals under Western control, according to three sources familiar with the plan.The drive is part of the most ambitious effort to expand U.S. maritime influence since the 1970s and is designed to address growing fears in Washington that it would be at a disadvantage
R.M. Young Company and Western Weather Group will host a joint educational webinar titled "Powering Safer Grids with Wildfire Forecast Intelligence + Rugged Weather Hardware" on February 10, 2026, at 2:00 PM Eastern. The live webinar is free to attend with advance registration.As wildfire risk continues to grow across utility service territories
Last August, U.S. Navy officials carrying out a test of unmanned vessels realized they had hit a single point of failure: Starlink. A global outage across Elon Musk’s satellite network affecting millions of Starlink users had left two dozen unmanned surface vessels bobbing off the California coast, disrupting communications and halting operations for almost an hour.
Maritime Partners has repowered the pushboat M/V John Austin, replacing its Cummins QSK38 (1300 hp @ 1800 rpm) with a Mitsubishi S12R-Y3 engine rated at 1260 hp @ 1600 rpm. After 28,000 hours on the previous platform, the decision to repower was driven by the need for reliability, reduced downtime, and a smarter long-term investment.
ESAB announced the 12 recipients of the 2025 $5,000 scholarships, awarded through a collaboration with the American Welding Society (AWS) Foundation. The scholarships, made possible by ESAB’s Future Fabricators program, support students across North America pursuing welding certifications and degrees.ESAB developed its Future Fabricators Program to support aspiring welders and fabricators.