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By Twinkle Jha Swiftships, LLC has filed for Chapter 11 bankruptcy. The Morgan City, Louisiana-based shipbuilder is restructuring its finances while continuing operations under court supervision. The company filed a voluntary Chapter 11 petition on March 18, 2026. Case details are available on PACER. Proceedings are taking place in the U.S. Bankruptcy Court for the Western District… Read More
By Gareth havelock Suderman and Young Towing Company (S&Y) will expand its tug operations to the Port of Brownsville and Port Isabel in Texas, beginning service on Thursday, April 9. S&Y said this expansion will reinforce the company’s commitment to delivering reliable, high-quality marine support to customers calling the US Gulf Coast and further strengthens… Read More
SEATTLE and HOUSTON, April 01, 2026 (GLOBE NEWSWIRE) — Saltchuk Resources, Inc. (“Saltchuk”) today welcomed Great Lakes Dredge & Dock Corporation (“Great Lakes”) as its newest wholly owned subsidiary. The transaction closed this morning for a purchase price of $17.00 per share in cash, and an enterprise value of approximately $1.5 billion. “We’re proud to… Read More
HOUSTON, March 31, 2026 /PRNewswire/ — McDermott today published its 2025 Sustainability Report, reporting measurable progress in emissions reduction, lower‑carbon infrastructure delivery, responsible business practices, and safe and sustainable operations. The company expanded ISO 50001 energy management certification, increased renewable electricity use, enhanced safety programs and embedded new sustainability tools and processes across project execution. The 2025… Read More
Siemens today announced the appointment of Ann Fairchild (54) as president and chief executive officer (CEO) of Siemens USA, the company’s largest market globally. Fairchild, who has served as interim president and CEO since October 2025, will assume the permanent role effective immediately. She will guide Siemens’ strategy and engagement across the United States, where… Read More
Saronic Technologies today announced it has closed $1.75 billion in Series D funding to advance its mission of ensuring maritime superiority for the U.S. and its allies by delivering autonomous platforms at scale across defense and commercial sectors. The round was led by Kleiner Perkins and values the company at $9.25 billion. Saronic welcomes Advent International, Bessemer Venture Partners, DFJ… Read More
HOUSTON, TX — At the request of Gulf Coast Protection District (GCPD), the Institute for a Disaster Resilient Texas (IDRT) at Texas A&M University at Galveston is establishing the Coastal Texas Research Council to serve as a scientific and technical hub for the historic Coastal Texas Project. The Council will unite leading experts from Texas… Read More
Thanks to the planned launch of Artemis II, the moon is back in the news. The mission, which will mark the first time astronauts have flown around the moon since the Apollo Program of the 1960s and 70s, is the next step to returning astronauts to the lunar surface in upcoming flights. With the attention… Read More
KDJay Group has completed its bid tab for the first quarter of 2026. Here is their concise summary: “Not super telling, as Q1 is usually a pretty quiet bid period. But after a weak 2025 market, we’re watching the 2026 market as it progresses. We have tabulated a total Q1 2026 bid market of $450… Read More
SAVANNAH, Ga., March 26, 2026 – Gateway Terminals Savannah has announced the appointment of Bryan Blalock as President effective April 13, 2026. Mr. Blalock will succeed the current President of Gateway Terminals Savannah, Kevin Price – who will transition to the Georgia Ports Authority leadership team as the newly announced President on July 1, 2026. “We would… Read More
Brian Waterfield Named Colonna’s Shipyard Inc.’s Next Chief Financial Officer NORFOLK, Va. (March 26, 2026) — Colonna’s Shipyard, Inc. announced today that Brian Waterfield has been appointed Chief Financial Officer (CFO), effective March 30, 2026. Waterfield will oversee the company’s accounting function and support enterprise financial strategy, bringing deep experience in financial auditing and advisory… Read More
Thordon Bearings has announced two significant appointments which reinforce its commitment to meet growing demand for high performance, pollution-free seawater-lubricated bearings and seals in commercial shipping. Anthony Hamilton has been appointed VP of Engineering and Product Development of Thomson-Gordon Group (TGG), the parent company of Thordon Bearings, with a mission to leverage group-wide capabilities in… Read More
NEWPORT NEWS, Va., (March 24, 2026) — HII (NYSE: HII) announced today the selection of two vice presidents at its Newport News Shipbuilding (NNS) division. Christie Miller has been promoted to the role of vice president of communications and Christian Ortego will join the division as vice president and NNS chief counsel. In her new role,… Read More
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Shaping Shores is the Centennial podcast of the American Shore and Beach Preservation Association. For one hundred years, ASBPA has united people across science, policy, and practice to preserve U.S. shores and beaches. Become a member or make a gift today at ASBPA.org In Episode 11, Bill Hanson, Senior VP at Great Lakes Dredge and… Read More