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
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
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.
CK Hutchison said on Thursday its $22.8 billion ports business sale had a "reasonable chance" of going through after a plan to add a Chinese major strategic investor to the buying consortium, as it tries to navigate through Sino-U.S. tensions.CK Hutchison, based in the Chinese-controlled territory of Hong Kong
Consortium partners Semco Maritime and PTSC M&C have completed the load-out and sail-away of the second and last offshore substation for the Hai Long Offshore wind project in Taiwan.The load-out and sail-away of the second substation for Hai Long 3 offshore wind farm, which took place on March 8, 2025, comes almost a year after the first substation for Hai Long 2 was delivered to the project site.
Econowind has appointed Daan Koornneef as its new CEO. The Dutch company is scaling up operations to meet growing global demand for sustainable propulsion solutions.Founder Frank Nieuwenhuis will now dedicate his time fully to research and development of the company’s VentoFoil technology.“I am proud to join Econowind at this exciting stage of growth,” said Koornneef.
Two Naval Undersea Warfare Center (NUWC) Division Newport engineers have won American Society of Naval Engineers (ASNE) awards for 2024. Michael Connelly, technical project manager for the Undersea Warfare Platforms and Payload Integration Department, is the winner of the Frank C. Jones Award, and Dr.
At least three people died and nine others, including two children, were missing after a small boat capsized in choppy seas off the California coast in an apparent migrant smuggling attempt north of San Diego, U.S. officials said on Monday.Four other people rescued after the "panga"-style open fishing vessel washed ashore near Torrey Pines State Beach were transported to hospital, according to U.
A tour operator in Nuuk said on Friday (March 28) he welcomed the increased business after U.S. President Donald Trump put the island in the global spotlight but is worried about the U.S. rhetoric towards Greenland.Speaking ahead of U.S. Vice President Vance's visit to the Arctic island later in the day, “Raw Arctic” CEO, Casper Frank Moeller, said that in the beginning
Port & Terminal Technology USA has established itself as a must-attend key industry event. Its huge success over the last thirteen years is attributed to overwhelming positive feedback from attendees and the event’s growing list of returning exhibitors. As such, MCI Media Limited is delighted to announce that the 14th Conference & Exhibition will take place in Miami