Stephen M. Carmel & MarAd are aiming to make this U.S. Maritime Rebuild StickFor anyone who has spent a career in the U.S. maritime industry, the past two years have been unusual by any metric. Maritime has moved from the far margins of federal policy discussions to center stage, with rebuilding American shipbuilding
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.
As oil exploration and production goes, so goes the market for Offshore Service Vessels (OSVs) and Platform Supply Vessels (PSVs). Throughout 2025, the prices of oil- which drives exploration and production (E & P), have softened, moving down towards $60/barrel amidst economic uncertainty and a wider than anticipated opening of the taps by major oil producers.
The U.S. Coast Guard successfully completed a major interoperability exercise conducted by the crews of Legend-class national security cutter USCGC Stone (WMSL 758) and Norwegian Coast Guard Vessel Hopen, marking a significant milestone in international Arctic cooperation and operational readiness.
Saronic launched Mirage, a 52-ft. dual-use Autonomous Surface Vessel (ASV) that joins the 24-ft. Corsair and 180-ft. Marauder as the third flagship platform in Saronic’s growing fleet, and is the latest milestone in a production model delivering autonomous vessels at speed and scale.
Berg Propulsion has signed a formal partnership agreement with Scotland-based Stone Marine Services (SMS) to expand service and support capabilities across the UK and Ireland.The non-exclusive agreement formalizes a long-standing relationship between the two companies and is aimed at strengthening support for Berg's existing customer base while supporting growth in the region.
Port Houston, an advocate of the nation’s busiest waterway, the Houston Ship Channel, has announced the appointment of Amy Rister as its Director of State Government Relations.In her role, Rister will lead Port Houston’s state government relations strategy and serve as a key liaison to state leaders.
Iron ore shipments on the Great Lakes totaled 2 million tons in January, a near match to 2025. Loadings were below the month’s 5-year average by 14.5 percent.Since 1880, Lake Carriers’ has represented the U.S.-flag Great Lakes fleet, which today can move more than 90 million tons of cargos annually that are the foundation of American industry, infrastructure, and power: iron ore, stone, coal
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
Boston Harbor's MV Outward Bound has returned to Gladding-Hearn Shipbuilding, Duclos Corporation for a mid-life refit. Redelivery is planned for spring 2026. Purpose-designed by JW Gilbert Associates and built by the Somerset, Mass., shipyard in 1995, the 64-foot, 140-passenger steel vessel carries visitors and supplies seasonally to Cathleen Stone Island Outward Bound
Nigeria's anti-narcotics agency is working with its U.S. and British counterparts to investigate the origins of a $235 million cocaine shipment seized at Lagos' Tincan Port, in one of the country's largest drug hauls.The National Drug Law Enforcement Agency (NDLEA) said in a statement on Tuesday that 1,000 kg of cocaine was discovered in an empty container at a terminal over the weekend.