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Key Operational and Financial Highlights Announced five-year integrated services agreements with Shell in the U.S. Gulf of America, commencing in 2027 Awarded a two-year decommissioning contract for integrated well intervention services in the North Sea, commencing in 2Q2027 Committed to acquire eight new work-class ROV systems, with deliveries beginning in the second quarter of 2027… Read More
Fairbanks Morse Defense (FMD) has finalized its acquisition of Birmingham, UK-based Truflo Marine, formerly a part of IMI plc. The acquisition is a major step toward FMD’s expansion of valve and actuator design and manufacturing capabilities for mission-critical naval systems serving a global customer base. “With Truflo Marine now part of Fairbanks Morse Defense, we… Read More
The National Lumber & Building Material Dealers Association (NLBMDA) announces that Jonathan Paine is stepping down as Chief Executive Officer after 15 years of service to join National Association for County Community and Economic Development (NACCED). Jessica Bridges will succeed him following a transition through November to ensure continuity for members, staff and industry partners…. Read More
By Eric Ramírez Barreto The Jones Act waiver is set to expire next Sunday, Nov. 15. One industry group says it has put $700 million of planned dredging vessel investment on hold. The American Maritime Partnership (AMP) wrote to the White House on Nov. 3 asking that the waiver lapse on Nov. 15. In the… Read More
The International Ocean Safety Award is annually presented for a supreme maritime rescue, a significant advancement in rescue technology, or an individual/organization’s dedication to promoting safety at sea. The 2026 recipient was the U.S. Coast Guard East District, which oversees the mid-Atlantic region, for the successful rescue of five crew members from the 54-foot catamaran… Read More
Trimble Inc. (Nasdaq: TRMB) today announced financial results for the third quarter of 2026. Third Quarter 2026 Financial Highlights Revenue of $966.8 million, up 7 percent on a year-over-year basis, up 7 percent on an organic basis Annualized recurring revenue (“ARR”) was $2.56 billion, up 11 percent year-over-year, up 10 percent on an organic basis GAAP… Read More
Trimble today announced winners of the annual Trimble Construction Innovation Awards, honoring North American industry trailblazers leveraging advanced Trimble hardware and software. Awards were presented in four construction categories and given to two educators shaping the next generation of industry talent through education and advocacy. “The 2026 award winners showcase the transformative power of Trimble… Read More
GXO Logistics, Inc. (NYSE: GXO) today announced results for the third quarter 2026. Patrick Kelleher, chief executive officer of GXO, said, “The new strategy we put in motion over the past year is delivering results: In the third quarter, we generated our fastest organic growth in more than three years, increased new business wins by more… Read More
Our people are the foundation of everything we build. We’re honored to be recognized as a winner of the 2026 Oncon, LLC Top 10 Culture & Inclusion Team Award. This award reflects the culture that brings together talented teams across the globe to solve challenges, innovate and deliver the energy infrastructure projects that help power… Read More
Ownership of US deck machinery manufacturer Markey Machine has changed and new finance has been secured for investment in its workforce and technical support. Eric Rose has assumed the position of president and chief executive at the Seattle-headquartered company and joined its ownership group alongside long-serving Jeff Dempke, who has been promoted to director of… Read More
The Market Situation November brings a change of priorities for North American supply chains. The extended import peak season is beginning to ease. However, transportation networks continue to face localized capacity constraints, elevated operating costs, and weather-related disruptions. Drewry’s October assessment points to a more balanced global container market, although conditions remain uneven across individual… Read More
By: Joy Crist The Dare County Board of Commissioners voted Nov. 2 to formally acknowledge that a $15 million promissory note associated with the Miss Katie dredge has been satisfied in full, marking the completion of a financing arrangement established in 2019 to improve dredging capabilities at Oregon Inlet and Hatteras Inlet. The board approved… Read More
DredgeWire Comment: Make sure you check out the YouTube song link. The song is frankly incredibly corny, (though the music has a good beat) but you have to admire someone who can put the words “mechanical clamshell Dredge” into a song. DREDGING HAS A THEME SONG NOW Move over, sea shanties; dredging has a hit!… Read More
The Detroit District invites the public to enter its 11th annual photo contest highlighting U.S. Army Corps of Engineers sites across the Great Lakes. The top 12 photographs highlighting Detroit District projects on the Great Lakes, such as the Soo Locks, Duluth Ship Canal, piers, breakwaters or federal harbors and channels, will earn a spot… Read More
Eastern Shipbuilding Group, Inc. (ESG) has been selected by HII’s Ingalls Shipbuilding division to construct key structural modular units for the U.S. Navy’s future USS Philadelphia (LPD 32), a San Antonio-class Amphibious Transport Dock. Under the contract, ESG will leverage its Gulf Coast facilities to manufacture six structural units. Production is currently underway, with final… Read More