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.
Saronic and Castelion have announced plans to join forces to launch a hypersonic vehicle from an unmanned surface vessel. By integrating Castelion’s Blackbeard with Saronic’s Medium Unmanned Surface Vessel (MUSV) Marauder, the two companies offer a powerful, credible option to deter would-be adversaries.
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.
Vineyard Wind has filed a lawsuit seeking to block a wind turbine-supplying unit of GE Vernova from terminating agreements and abandoning work on a $4.5 billion offshore wind farm in Massachusetts on the eve of completion.Vineyard Wind, a joint venture between Spain's Iberdrola IBE.
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
Davie Defense has broken ground on the modernization of the Gulf Copper shipbuilding facilities in Galveston and Port Arthur.This investment in America's maritime industrial base marks the return of complex shipbuilding to Texas for the first time in decades, says Davie Defense.The first phase of the shipyard upgrade, which overall could reach $1 billion, is scheduled for completion in 2028.
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.
The Nord Stream gas pipelines were attacked in 2022 as a direct result of Russia's invasion of Ukraine, insurers told a London court on Thursday as they seek to avoid paying out nearly 580 million euros ($684 million) over blasts that hit the pipelines.Nord Stream is suing Lloyd's and Arch Insurance over explosions in September 2022 that ruptured pipelines carrying Russian gas under the Baltic
NOAA has installed a Physical Oceanographic Real-Time System (PORTS®) in Boston Harbor. The system includes observational equipment at MassPort’s Conley Terminal and on the Tobin Memorial Bridge.The Boston Harbor PORTS, established in partnership with the Massachusetts Department of Environmental Protection, is the 41st installation in a broad, public-private partnership program
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.