Federal immigration authorities conducted a targeted enforcement operation at an unidentified Louisiana shipyard last week, resulting in the arrest of 25 Honduran nationals working for a welding contractor that allegedly failed to comply with employment verification requirements. ICE Homeland Security Investigations (HSI) New Orleans, supported by Enforcement and Removal Operations (ERO), executed the intelligence-driven operation… Read More
Singapore – Seatrium Limited (“Seatrium”, and together with its subsidiaries, the “Group”) wishes to announce that it has entered into a binding agreement with Brazilian vessel operator, Posidonia Shipping and Trading Ltda, an unrelated third party, to sell 100% equity interest in its indirect wholly-owned subsidiary, Guanabara Navegação Ltda (“GNL”). GNL is a special purpose… Read More
At Indo Pac 2025, Austal Australia and Greenroom Robotics have announced that, following extensive trials and successful testing, future Austal Vessels have the option to include Greenroom’s GAMA and Lookout+ technology to transform them into fully autonomous vessels. Significantly, this unique collaboration aims to achieve rapid autonomy and AI integration, creating intelligent maritime systems in as… Read More
Dredging and coastal protection company Great Lakes Dredge & Dock GLDD missed Wall Street’s revenue expectations in Q3 CY2025 as sales rose 2.1% year on year to $195.2 million. Its GAAP profit of $0.26 per share was 50.7% above analysts’ consensus estimates. Is now the time to buy Great Lakes Dredge & Dock? Find out by accessing our… Read More
Apollo-managed funds have taken a 50% stake in Ørsted’s Hornsea 3, with a $6.5 billion investment in what is the world’s largest offshore wind development. Located in the North Sea, Hornsea 3 is Ørsted’s third gigawatt-scale project in the area and will provide 2.9 GW or essentially enough energy to power three million U.K. households. The joint… Read More
