The U.S. Coast Guard is facing a mounting infrastructure crisis, with maintenance backlogs reaching a staggering $7 billion as of June 2024, according to a new U.S. Government Accountability Office report. This represents a dramatic increase from the $2.6 billion reported in 2019. The agency’s nearly 40,000 shore infrastructure assets, including critical facilities like boat stations,… Read More
President Trump is ship obsessed. He’s texting about rust into the wee hours of the morning, according to John Phelan, his pick to be Navy secretary. And he’s sprung the idea of a White House shipbuilding office, spanning both commercial and military sectors. Why it matters: Amid years of American atrophy — shuttered shipyards, workforce woes accelerated by… Read More
DMYLES Inc.,* Niagara Falls, New York, was awarded a $9,297,000 firm-fixed-price contract for maintenance dredging. Bids were solicited via the internet with two received. Work will be performed in Cleveland, Ohio, with an estimated completion date of Dec. 30, 2025. Fiscal 2025 civil construction funds in the amount of $9,297,000 were obligated at the time… Read More
The Jacksonville District will begin annual maintenance dredging of the Jacksonville Harbor Federal Navigation Channel in mid-March 2025. The $25 million contract was awarded to Cashman Dredging & Marine Contracting Co., LLC on December 16, 2024. The federally-authorized Jacksonville Harbor navigation project provides deep draft vessels access to terminal facilities located within the city of… Read More
STAX Engineering, a leader in maritime emissions capture and control, has secured $70 million in funding to accelerate the deployment of its technology and expand carbon capture initiatives. The investment, led by Firstime Credit and Deutsche Bank Private Credit & Infrastructure, comes alongside the company’s new carbon capture trials with Seabound, an onboard carbon capture technology provider…. Read More
