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
The U.S. Coast Guard coordinated the rescue of 27 mariners on Saturday after their Venezuelan-flagged fishing vessel caught fire approximately 500 miles north-northwest of the Galapagos Islands, Ecuador.At 3:51 p.m. PST, Saturday, Rescue Coordination Center Alameda received a notification from the Garmin Search and Rescue Command Center of an SOS distress alert from the 240-foot fishing vessel
The investigation into why a Mexican Navy training ship struck the Brooklyn Bridge on Saturday, shearing the top of its masts, will look into a possible engine failure and the role of a tug boat that assisted it in backing out of its pier, officials said on Monday.The ship's engine was the key focus for the National Transportation Safety Board, said Brian Young
A.P. Møller Holding has, through its wholly owned subsidiary APMH Invest (APMHI), made an all-cash voluntary recommended purchase offer to the shareholders of Svitzer Group to acquire all issued and outstanding shares of the company.A.P. Møller Holding, through its wholly owned subsidiary APMHI, currently owns 47% of the share capital and voting rights of Svitzer.
U.S. President Donald Trump has hailed a deal led by U.S. firm BlackRock to buy most of the $22.8 billion ports business of Hong Kong conglomerate CK Hutchison which includes assets along the Panama Canal.The deal will give the U.S. consortium control of key Panama Canal ports amid White House calls to remove them from what it says is Chinese ownership.
[The following are exerpts and paraphrasing from testimony given by Matthew O. Paxton, President of the Shipbuilders Council of America (SCA), to Congress on the morning of February 26, 2025.]While maritime strength and shipbuilding historically have been a cornerstone of global power, shifting times and geopolitical pressures impact readiness and output.
Sourcing and maintaining marine coatings systems are arguably a shipowner’s most critical means to ensure a long and productive lifecycle for ships, boats and offshore rigs. At the same time, coatings have become a central part of the ship efficiency, decarbonization discussion. Christer Øpstad, Global R&D Director Fouling Protection, Jotun
The Towing Vessel Inspection Bureau (TVIB) announced that Rio Marine, Inc. has become the first maritime services provider to achieve certification under the American Waterways Operators’ (AWO) Responsible Carrier Program (RCP).The RCP is a safety management system for the tugboat, towboat, and barge industry that sets standards for safety, environmental stewardship, and continuous improvement.
Offshore service provider OS Energy has adopted Sonardyne’s SPRINT-Nav DP dynamic positioning (DP) reference system to support its marine renewable energy projects in the North and Baltic Seas. SPRINT-Nav DP will enable OS Energy to maintain DP integrity, even in shallow water and GNSS-compromised environments that are increasingly characteristic of offshore wind construction and maintenance
U.S. Representative Dusty Johnson (R-S.D.) introduced legislation to reauthorize the Federal Maritime Commission (FMC), the independent federal agency responsible for regulating the U.S. international ocean transportation system.“Ocean shipping is a critical aspect of America’s national, food, and economic security.
Investment group Eurazeo has made a $73.1 million investment in MPC OSE Offshore, a joint venture established by MPC Capital and German offshore services firm O.S. Energy, with the aim of building and managing new service operations vessels (SOVs) for offshore wind farms.Eurazeo made the investment through its Eurazeo Transition Infrastructure Fund (ETIF)
The Fascinated by Shipwrecks Podcast, hosted by Kathy A. Smith, is dedicated to the People & the Science of Maritime Archaeology.EPISODE 8 – Guest: Vince Capone – Hunting Shipwrecks with Side Scan Sonar“The robot is navigating underwater and runs a search pattern, collecting the data.