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 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
Online Oceans, a UK company building autonomous surface vessels and fleet software for defense and maritime security, has raised USD$5.4 million (£4 million) in funding led by Seraphim Space. The round also includes participation from investors, including Peter Rive, co-founder of SolarCity, Frank Thieser and Florian Seibel, founders of Quantum Systems, and Koro Capital.
Associated Terminals and Liebherr Maritime Cranes celebrated the christening of two CBG 500 E cranes in New Orleans, introducing the first all-electric transshipment cranes of their kind on the Lower Mississippi River. Each crane is engineered for high-volume bulk handling, offering maximum grab capacities of 90 tonnes in sheltered waters and up to 65 tonnes inopen water
Massachusetts Maritime Academy (MMA), a top-ranked public university with undergraduate degree programs focusing on science, engineering, technology, math, and business that blend academics and experiential learning, announced the reappointment of Elizabeth B. Simmons, vice president of external affairs, to the reconstituted Seaport Economic Council.
Seventeen students from seven U.S. and El Salvador maritime academies and universities have been selected as the 2025 recipients of the Thomas B. Crowley Sr. Memorial Scholarship. The scholarship recognizes students who demonstrate exceptional academic achievement and dedication to their studies related to the maritime industry. The scholarship honors the legacy of Thomas B. Crowley Sr.
After sustaining extensive damage in a December 2024 fire, the tug Lucinda Smith has returned to the water with a fresh start powered by Mitsubishi S12R-Y3MPTAW-3 Tier 3 engines rated at 1260HP @1600RPM each. The repower was completed by Windward Power with support from Laborde Products, giving the rebuilt vessel renewed strength and reliability for her work on the East Coast.
American Cruise Lines has announced that the newest cruise ship in the country, American Pioneer, was christened in Key West, Florida on Monday, November 10. \American Pioneer is the 21st ship in the American Cruise Lines fleet. The inaugural cruise followed the company’s new 16-Day Grand Florida Coast & Keys itinerary, which explores both the Atlantic and Gulf coasts of Florida.
DEME, through its Taiwanese joint venture CDWE with CSBC Corporation, has secured a contract for the Formosa 4 offshore wind farm in Taiwan, covering the transport and installation of 35 foundations and the offshore substation, as well as the scour protection works.DEME will deploy several vessels from its fleet, including the floating offshore installation vessel Green Jade
Italian offshore services provider Next Geosolutions (NextGeo) has signed an eight-year framework agreement with German transmission system operator (TSO) 50Hertz to deliver geotechnical seabed survey services for offshore substations (OSS) projects.Part of the Elia Group, 50Hertz is responsible for the development and operation of the high-voltage power grid across Northern and Eastern Germany.
American Cruise Lines christened American Patriot in Newport, Rhode Island last week—celebrating the holiday and simultaneously marking the countdown to the country’s 250th birthday on July 4, 2026. American Patriot is the first ship in the company’s new Patriot Class—a fleet of new 130-passenger ships designed for exclusively cruising the U.S.A.
ABS Chairman and CEO Christopher J. Wiernicki was honored by The Seamen’s Church Institute (SCI), receiving the 2025 Silver Bell Award for lifelong service and outstanding leadership in the maritime industry.SCI is a nearly 200-year-old charity headquartered in New York that serves and protects the personal and professional lives of mariners and seafarers, both internationally and domestically