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BATON ROUGE, La. — In a display of intergovernmental unity, the Louisiana Coastal Protection and Restoration Authority (CPRA), the Louisiana Department of Transportation and Development (DOTD), and the U.S. Army Corps of Engineers (USACE) have agreed to a joint commitment to overhaul bureaucratic processes and accelerate coastal resilience efforts. The agreement follows the “Summit at… Read More
PRINCE RUPERT, BRITISH COLUMBIA – The Prince Rupert Port Authority (PRPA) announced today that Jean-Jacques (JJ) Ruest has been appointed as Chair by its Board of Directors for a two-year term, effective July 1st, 2026. JJ Ruest was appointed to the PRPA Board of Directors by the Government of Canada, in consultation with the Port User Nominating Committee, for a three-year term starting December 17, 2024. Mr…. Read More
CALIFORNIA, CA, UNITED STATES, July 7, 2026 /EINPresswire.com/ — Zhenjiang Yanyang Engineering Co., Ltd., operating under the brand Yan Yang, is a Chinese manufacturer and exporter of dredging equipment including cutter suction dredgers, trailing suction hopper dredgers, backhoe dredgers, grab dredgers, split hopper barges, and pile driving barges. Founded in 1996 by a team of marine… Read More
BETHESDA, Md., July 6, 2026 /PRNewswire/ — Lockheed Martin [NYSE: LMT] today announced the signing of a definitive agreement to acquire Ultra Maritime, a global defense company specializing in advanced undersea warfare and anti-submarine warfare (ASW) capabilities for allied naval forces for $3.45 billion. The company develops and delivers mission-critical systems including sonar technologies, sonobuoys, torpedo defense systems,… Read More
Gulf Copper is pleased to announce the promotion of Ed Schendzelos to General Manager, effective immediately. Since joining the company in August 2022, Ed has consistently taken on new challenges and delivered results at every level. He has progressed from Scheduler to Assistant Project Manager and, most recently, served as Estimating & Planning Manager, where… Read More
BELOIT, Wis. & PETERBOROUGH, Ontario–(BUSINESS WIRE)–Fairbanks Morse Defense (FMD), a portfolio company of Arcline Investment Management, finalized its acquisition of the Rolls-Royce Naval Handling facility in Peterborough, Ontario. The closing officially establishes the facility as FMD’s Canadian headquarters, expanding the services division and supporting the revitalization of the Canadian defence industrial base. “For nearly a… Read More
A DredgeWire Exclusive DredgeWire is pleased that Eric Ramírez Barreto of RMZ Marine will be contributing insightful pieces for DredgeWire with his insights on the maritime market. We think you’ll be intrigued by what he has to say. Here is his fourth column. More than 500,000 cubic yards of legacy contaminated sediment are being removed and safely managed as part of New… Read More
HOUSTON, July 1, 2026 /PRNewswire/ — McDermott International, Ltd (“McDermott” or the “Company”) today announced the pricing of USD $550 million aggregate principal amount of 10.5% senior secured first lien bonds due July 2031 in the Nordic market. Net proceeds from the bond issue will be deposited in an escrow account, with final disbursement to McDermott contingent upon… Read More
The CMA CGM Group, a leading global player in sea, land, air and logistics solutions, today announced an agreement to acquire FedEx Supply Chain, a subsidiary of FedEx Corp, at an enterprise value of $1.4 billion. The acquisition, expected to close in 2026, would nearly triple the size of the North American contract logistics operations… Read More
Great Lakes Dredge & Dock (ISIN US3903331032) is a leading U.S. marine contractor specializing in dredging and coastal restoration projects across the country. The company plays a key role in maintaining navigable waterways and supporting port infrastructure that underpins U.S. trade and economic activity. As coastal communities face ongoing erosion and rising sea levels, large-scale… Read More
HONOLULU, Hawaii — Lt. Col. Lamar Cantelou became the 75th commander of the U.S. Army Corps of Engineers, Honolulu District, during a change of command ceremony July 2 at historic Palm Circle, Fort Shafter, Hawaii. Cantelou, who most recently served as a Special Assistant to the Chairman of the Joint Chiefs of Staff, assumed command from… Read More
The Great Lakes Towing Company (the “Company” or “GLT”) today announced that Joe Starck, the Company’s CEO, will retire, effective July 2, 2026. Mr. Starck’s career at Great Lakes Towing spans 35 years, beginning in engineering and project management before advancing to CEO. Throughout his tenure, he has played a pivotal role in shaping the modern face of… Read More
Rocket Lab Corporation RKLB has inked a definitive agreement to acquire Iridium Communications IRDM, creating a vertically integrated space company capable of designing, building, launching and operating satellite constellations on a global scale. IRDM operates top-tier LEO satellite constellations, providing voice, data and PNT services across virtually every corner of the globe. Its network serves more than 2.55 million… Read More
Yoav Saffar, a long-term shareholder who represents approximately 3.5% of the outstanding shares of SEACOR Marine Holdings Inc. (NYSE: SMHI)(SEACOR Marine or the “Company”), today announced that he has delivered a letter to the Company’s Board of Directors urging it to immediately initiate a monetization process of the Company’s fleet aimed at maximizing shareholder value. The… Read More
North American supply chains remain relatively fluid overall, but conditions are becoming more dynamic across key ocean, gateway, and inland corridors. An early, compressed peak shipping season, frontloaded imports, tariff and fuel uncertainty, tightening inland capacity, and regulatory changes are placing greater emphasis on planning discipline, routing flexibility, and execution reliability. Read more in this… Read More