The global maritime industry has achieved its lowest-ever total of vessel losses, with only 27 large ships lost worldwide in 2024, marking a 20% decrease from the previous year, according to Allianz Commercial’s annual Safety and Shipping Review. This improvement stands in stark contrast to the 1990s when the industry was losing more than 200 vessels… Read More
HOUSTON, May 28, 2025 /PRNewswire/ — McDermott announces the publication of its 2024 Sustainability Report, presenting the company’s progress supporting a lower-carbon energy future as an integral part of McDermott’s safe, ethical and efficient business operations. This fifth annual report demonstrates McDermott’s sustainability strategy and how sustainability priorities – from decarbonization to circularity, and human rights to… Read More
The “White Continent,” as Antarctica is known, is a beautiful, fragile place, home to 44 million penguins and a few thousand researchers, yet owned by no one. While a lot of attention has been paid in recent years to the geopolitical and economic significance of the Arctic, interest in Antarctica is now also heating up. … Read More
The U.S. Senate Committee on Armed Services, through the National Defense Authorization Act (NDAA) for Fiscal Year 2025, tasked the U.S. Transportation Command (USTRANSCOM) with assessing how reduced dredging capacity may have impacted designated strategic seaports. In response, USTRANSCOM submitted a report titled Dredging and the Strategic Seaport Program, which has recently been declassified and… Read More
HOUSTON — Orion Group Holdings, Inc. (NYSE: ORN) (“Orion” or the “Company”), a leading specialty construction company, today announced the dual listing of its common stock on NYSE Texas, the newly launched fully electronic equities exchange based in Dallas. The Company will maintain its primary listing on the New York Stock Exchange and trade with… Read More
