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McDermott Reports Q4 and Full-Year 2025 Results; Revenue Reaches $10 Billion


Top Stories
U.S. Senator (D-Ca.) Padilla Announces More than $160 million for Ca. Ports, Flood Protection, & Water Infrastructure

U.S. Senator (D-Ca.) Padilla Announces More than $160 million for Ca. Ports, Flood Protection, & Water Infrastructure

CA, United States

Funding delivers critical support for supply chains, coastal navigation, and community resilience statewide CALIFORNIA — Today, U.S. Senator Alex Padilla (D-Calif.), a member of the Environment and Public Works Subcommittee on Fisheries, Water, and Wildlife, announced more than $160 million in federal funding that he secured for the U.S. Army Corps of Engineers (USACE) fiscal year… Read More

Portland, Me. Completes Dredging Project

Portland, Me. Completes Dredging Project

ME, United States

Seasonal dredging work at Portland Harbor is complete, with crews restoring thousands of feet of berthing space for the first time in more than 70 years.

Lee County Moves Forward with Blind Pass Dredging Preparations on Sanibel

Lee County Moves Forward with Blind Pass Dredging Preparations on Sanibel

FL, United States

LEE COUNTY, Fla. — The Lee County Board of Commissioners voted Tuesday to authorize a project that would prepare to dredge Blind Pass on Sanibel. The authorization will allow for permit application, processing, design, bid services, construction services, construction surveys, construction observations and more. Murky water and stagnant conditions at Blind Pass in Sanibel are affecting… Read More

Congressman Van Drew (R-NJ)  Worked with USACE to Secure $99 million to Fight Beach Erosion in S. Jersey

Congressman Van Drew (R-NJ) Worked with USACE to Secure $99 million to Fight Beach Erosion in S. Jersey

NJ, United States

In a statement, Van Drew said he had worked with the Army Corps to make South Jersey a priority and said the funding would provide stronger protection and stability for shoreline communities. U.S. Rep. Jeff Van Drew said Monday that South Jersey will receive $99 million in federal funding from the U.S. Army Corps of… Read More


Company & People News | Dredge Mining

AIWA April Newsletter Gives Update on Corps Funding for Intracoastal

WA, United States

Federal funding was a major focus in Washington, D.C. this month with the release of the FY2026 U.S. Army Corps of Engineers’ (Corps) Work Plan and the President’s Budget for FY2027. Final Appropriations in FY2026 for the U.S. Army Corps of Engineers On April 7th, the Administration released the FY2026 Corps’ Work Plan identifying final… Read More

The Tower of Attorney: Office of Counsel wins National Engineers Week competition

United States

Crosscurrents is an unofficial publication authorized under the provisions of AR 360-1. It is published quarterly for U.S. Army Corps of Engineers, St. Paul District. Views and opinions expressed are not necessarily those of the Department of the Army or the U.S. Army Corps of Engineers. Articles and photography submissions are welcome. Submissions may be… Read More

McDermott Reports Q4 and Full-Year 2025 Results; Revenue Reaches $10 Billion

TX, United States

Results Reflect Strong Operational Performance and Outperformance of 2025 Guidance Revenue of $10.0 billion for the year Backlog Reaches $18.2 billion HOUSTON, April 7, 2026 /PRNewswire/ — McDermott International, Ltd (“McDermott” or the “Company”) today announced financial results for the fourth quarter and full year 2025. For the three and twelve months ended December 31, 2025, revenue… Read More

Arcadis makes waves with water utilities with real-world AI pilots

NY, United States

Arcadis has announced the next phase of its AI for Water Innovation Challenge, an organization-wide applied innovation program that pairs internally crowd-sourced AI ideas with real challenges faced by utilities, regulators, and public agencies. Selected concepts are advanced through seed-funded pilots in partnership with clients. As part of this next phase, Arcadis has begun progressing… Read More


Events & Conferences

WEDA Midwest Chapter Announces April 10 Deadline for Resilience Course

TN, United States

Have you signed up for the WEDA Midwest Chapter Short Course: “Resilience for Inland Systems, Infrastructure, and People”, yet? Be sure to sign up by APRIL 10th, space is limited!! Visit https://lnkd.in/gfdsn98h to sign up! Source

Great Lakes / Great Rivers Winter 2026 Meeting in Cleveland-Panel on Shipbuilding

OH, United States

The GLGR Section thrilled to be hosting a panel on the current state of Great Lakes shipbuildng at our upcoming Winter Section Meeting on April 9th in Cleveland! The Shipbuilding Situation will be presented by Brendan Falkowski and will feature panelists from Great Lakes shipyards, engineering firms, and fleet operators offering a breadth of input from the… Read More

CPRA Announces 2026 Coastal Day Events

LA, United States

BATON ROUGE, LA — Coastal Day at the Louisiana Legislature will take place on Monday, March 30, 2026, providing numerous opportunities for coastal stakeholders to engage with one another and with the Louisiana Coastal Protection and Restoration Authority (CPRA) staff. Business Networking and Matchmaking Events As part of the activities happening on Coastal Day, CPRA… Read More

2026 Port of the Future Conference

TX, United States

The 2026 Port of the Future Conference is focused on creating and revitalizing our Nation’s seaports, infrastructure, and processes – across maritime, air, land, and cyber domains. This symposium addresses the urgent and emerging issues facing ports of entry, regulators, and associated industries. This year’s Conference brings together the leaders of more than 60 seaports… Read More


Maritime hires and promotions

Port Bureau Announces Corrina Ott as Vice President

TX, United States

The Greater Houston Port Bureau (“Port Bureau”) Board of Directors has announced the promotion of Corrina Ott to vice president, effective April 1. Ott joined the Port Bureau in April 2025 and has been responsible for managing the Port Bureau’s Efficiency and Dredging committee’s as well as maintaining the Port Bureau’s links with industry and… Read More

Port of Portland names Alissa Mahar new Chief Financial Officer

OR, United States

The Port of Portland selected Alissa Mahar as the new Chief Financial Officer (CFO). Her first day in the role will be April 14, 2026. Most recently, Mahar served as Chief Financial Officer and Vice President for Business & Finance at Seattle Pacific University. She led institutional financial strategy, multi-year forecasting, long-range capital planning, and… Read More

Ann Fairchild Named President and CEO of Siemens USA

United States

Siemens today announced the appointment of Ann Fairchild (54) as president and chief executive officer (CEO) of Siemens USA, the company’s largest market globally. Fairchild, who has served as interim president and CEO since October 2025, will assume the permanent role effective immediately. She will guide Siemens’ strategy and engagement across the United States, where… Read More

Gateway Terminals Savannah Appoints Bryan Blalock as President

GA, United States

SAVANNAH, Ga., March 26, 2026 – Gateway Terminals Savannah has announced the appointment of Bryan Blalock as President effective April 13, 2026. Mr. Blalock will succeed the current President of Gateway Terminals Savannah, Kevin Price – who will transition to the Georgia Ports Authority leadership team as the newly announced President on July 1, 2026. “We would… Read More


Offshore Wind Power News

Dominion Energy Announces Milestone for U.S. Largest Offshore Wind Project

United States

The largest wind farm in America is celebrating a major achievement on its journey to fulfill its vast promise for clean energy production. As Electrek detailed, Dominion Energy’s Coastal Virginia Offshore Wind project announced in March that it produced and sent power to the grid for the first time. The company’s CEO, Robert Blue, shared the… Read More

Trump’s offshore wind opposition was never really about the whales

United States

By Maria Gallucci The Trump administration has often evoked the plight of whales in its efforts to undermine U.S. offshore wind development — despite there being no evidence that wind-farm activities are harming the giant mammals. But those purported concerns didn’t stop federal officials last week from voting unanimously to override Endangered Species Act protections for imperiled whales in order to… Read More

Democrats question legality of Trump, TotalEnergies offshore wind deal

United States

April 7 (Reuters) – House Democrats questioned the legality of the Trump administration’s deal to ​return nearly $1 billion to TotalEnergies (TTEF.PA), opens new tab to ‌stop the development of two U.S. offshore wind farms, according to letters sent to ​administration officials and the French ​energy company. U.S. Representatives Jared Huffman and ⁠Jamie Raskin, both Democrats, sent… Read More

Ørsted’s Offshore Wind Innovations Drive Sustainable Energy Transition for North American Investors

United States

Ørsted Energie, a cornerstone of Ørsted A/S’s renewable energy portfolio, continues to anchor the company’s leadership in offshore wind development, delivering scalable clean power solutions critical for the energy transition. As global demand for sustainable electricity surges, particularly in North America where policy support and corporate decarbonization accelerate, this product line positions investors for long-term… Read More


Port News

U.S. Senator (D-Ca.) Padilla Announces More than $160 million for Ca. Ports, Flood Protection, & Water Infrastructure

CA, United States

Funding delivers critical support for supply chains, coastal navigation, and community resilience statewide CALIFORNIA — Today, U.S. Senator Alex Padilla (D-Calif.), a member of the Environment and Public Works Subcommittee on Fisheries, Water, and Wildlife, announced more than $160 million in federal funding that he secured for the U.S. Army Corps of Engineers (USACE) fiscal year… Read More

Portland, Me. Completes Dredging Project

ME, United States

Seasonal dredging work at Portland Harbor is complete, with crews restoring thousands of feet of berthing space for the first time in more than 70 years.

Key Bridge case: Maryland, ship companies reach preliminary settlement, except Hyundai

MD, United States

Maryland officials said Thursday they have reached a settlement in principle with the owner and operator of the cargo ship involved in the 2024 collapse of the Francis Scott Key Bridge, resolving a portion of the state’s claims but stopping short of a final, binding agreement.
Maryland Attorney General Anthony G. Brown announced the agreement with… Read More

Georgia Ports Authority will open Gainesville Inland Port in May, served by Norfolk Southern

GA, United States

By Lubomir Cech Formerly known as the Blue Ridge Connector, the $134 million facility provides a direct rail link to the Port of Savannah, targeting a regional market of more than 330 manufacturers across the poultry, heavy equipment, and forest products sectors. The Georgia Ports Authority (GPA) will officially open its newest inland rail terminal… Read More


Project Updates & Industry Developments

Portland, Me. Completes Dredging Project

ME, United States

Seasonal dredging work at Portland Harbor is complete, with crews restoring thousands of feet of berthing space for the first time in more than 70 years.

Congressman Van Drew (R-NJ) Worked with USACE to Secure $99 million to Fight Beach Erosion in S. Jersey

NJ, United States

In a statement, Van Drew said he had worked with the Army Corps to make South Jersey a priority and said the funding would provide stronger protection and stability for shoreline communities. U.S. Rep. Jeff Van Drew said Monday that South Jersey will receive $99 million in federal funding from the U.S. Army Corps of… Read More

GLDD in the Middle of $72 million Multiple Beach Restortations in Myrtle Beach Area

SC, United States

The U.S. Army Corps of Engineers is in the middle of a $72 million beach renourishment project along 26 miles of Grand Strand shoreline. Great Lakes Dredge & Dock Company began pumping sand onto North Myrtle Beach in December 2025, moved to Myrtle Beach in February 2026, and will reach Surfside Beach by summer 2026…. Read More

Louisiana $1.5 billion Coastal Plan Hits Delay in Legislature

LA, United States

Louisiana’s $1.5 billion annual plan for coastal protection and restoration ran into a delay at the state Legislature on Wednesday after advocates raised concerns over a major change in strategy by Gov. Jeff Landry’s administration. The advocacy group Women of the Storm, formed in the wake of Hurricane Katrina, has posed a series of questions to the… Read More


Sand & Gravel News

Speyside Files for Chapter 11 Amid $32M Debt Load

NY, United States

By Rihem Akkouche The headline Speyside files for chapter 11 echoed through New York’s construction and materials sector Friday as Speyside Holdings LLC sought bankruptcy protection, listing more than $32 million in liabilities against less than $1.3 million in assets. The filing, lodged in federal bankruptcy court, signals a pivotal moment for the sand and stone supplier whose… Read More

Company behind proposed sand mining project partnering with U of Manitoba on groundwater monitoring research

Canada

By Ozten Shebahkeget An Alberta company that has proposed mining silica sand in Manitoba is partnering with the province’s biggest university on the experimental design of a groundwater monitoring network, using technology experts say is growing in importance for global groundwater research. Sio Silica president Carla Devlin says the mining company will work with the… Read More

Fine Grains: What Falling Sand Reveals About Global Power

World ,

Have you ever picked up sand only to realize how quickly it disappears? As children, we watched it slip through our fingers or fall through an hourglass without understanding what vanishing meant. Sand feels light and abundant, impossible to hold, and its market power mirrors this perceived triviality. The more we clutch what seems infinite,… Read More

Protecting our marine sands

World ,

Dear EarthTalk: “What is ‘sand mining’ and why is it bad for the environment?” — O.H., via email Sand mining, extracting sand from the earth, is the second most widespread human activity in marine environments, after fishing. Sand and gravel are the most extracted materials across the globe. According to the United Nations Environment Programme,… Read More


Shipbuilding | Marine Products | Technology

Trump budget boosts military shipbuilding by 242% to $65.8 billion

United States

By Stuart Chirls The American shipbuilding revival will start with battleships. President Donald Trump wants to increase federal spending for shipbuilding by 242%, to $65.8 billion, for battleships, submarines and other naval vessels, according to documents released by the White House on Tuesday. The proposed fiscal 2027 budget says that the funding would go to… Read More

Robert Allan Ltd. to Develop a RApide 1800 Design for Brazilian Waters

Canada

Robert Allan Ltd. in conjunction with Indústria Naval Catarinense Ltda. (INC), is pleased to announce the development of a new pushboat design. The vessels will support Transpetro’s bunkering operations at terminals in Brazil, and form part of a major newbuild program for pushboats and barges serving the fuel logistics market. This project marks Robert Allan… Read More

FMT Shipyard delivers two towboats to Maritime Partners

LA, United States

By Dr.G.R.Balakrishnan The twin-screw vessels are each powered by two Mitsubishi Tier 3 S6R2 main engines, rated at 803 horsepower at 1,400 rpm. The Beth Williams is also fitted with two generator sets rated at 65 kW to support onboard electrical loads.     The vessels were designed for inland towing operations, with propulsion and auxiliary systems selected early in… Read More

Maine Maritime Academy gets new, cutting-edge ship for student training

OR, United States

By Julia Simone PORTLAND (WGME) — The State of Maine ship has arrived at the port of Portland. Maine Maritime Academy held a ceremony Monday night, marking the transfer of the new national security multi-mission vessel to Maine Maritime Academy. The $330 million ship is the third of five cutting-edge vessels. It will serve as… Read More


uncategorized

ARC Surveying & Mapping Transforms Complex Waterways with Leading Precision Technology & Data Accuracy for Modern Dredging

FL, United States

ARC Surveying and Mapping transforms complex waterways into measurable actionable insight. By pairing an integrated sensor suite with disciplined processing the firm delivers centimetre level bathymetry layered sub bottom models and real time production metrics that accelerate every phase of a dredging program. The following article reviews the technology stack the workflow and verified results… Read More

NMSA Announced New President, Jason Winter at its New Orleans Annual Meeting

LA, United States

The National Maritime Safety Association (NMSA) today announced the transition of presidential leadership during its Annual Meeting in New Orleans, Louisiana. Jason Winter, Director, Safety/Training, CFS & Labor Relations at the United States Maritime Alliance (USMX), has been named the new President of NMSA, succeeding recent President Dave Morgan of Cooper/Ports America. Dave Morgan has served as… Read More

Rep. Garamendi, Randall, Begich, Malliotakis Launch Bipartisan Congressional Ferry Caucus to Improve Ferry Transportation

United States

The Public Ferry Coalition applauds the launch of the bipartisan Congressional Ferry Caucus, welcomes this important step in raising awareness of the vital role ferries play in transportation  FAIRFIELD, CA – Yesterday, Representative John Garamendi (CA-08), announced the launch of the bipartisan Congressional Ferry Caucus for the 119th Congress, alongside co-chairs Representatives Emily Randall (WA-06), Nick Begich… Read More

Virgin Islands, St. Thomas harbor Dredging Delayed Due to Lack of Bids

Virgin Islands (U.S.)

A long-discussed plan to dredge St. Thomas Harbor to make way for massive Oasis-class cruise ships is on hold, after the V.I. Port Authority did not receive any responses to an invitation to bid on the project. Gov. Albert Bryan Jr. mentioned the lack of bids during Tuesday’s press briefing. Bryan spoke remotely from Miami… Read More


Upcoming Projects | Contracts | Tenders

Lee County Moves Forward with Blind Pass Dredging Preparations on Sanibel

FL, United States

LEE COUNTY, Fla. — The Lee County Board of Commissioners voted Tuesday to authorize a project that would prepare to dredge Blind Pass on Sanibel. The authorization will allow for permit application, processing, design, bid services, construction services, construction surveys, construction observations and more. Murky water and stagnant conditions at Blind Pass in Sanibel are affecting… Read More

Congressman Van Drew (R-NJ) Worked with USACE to Secure $99 million to Fight Beach Erosion in S. Jersey

NJ, United States

In a statement, Van Drew said he had worked with the Army Corps to make South Jersey a priority and said the funding would provide stronger protection and stability for shoreline communities. U.S. Rep. Jeff Van Drew said Monday that South Jersey will receive $99 million in federal funding from the U.S. Army Corps of… Read More

GLDD’s Buxton & Avon Beach. N.C. Beach Nourishment Set to Start in May, but FEMA $ Required to Complete Second Phase

NC, United States

If FEMA funding is awarded, it could add around 1.2 million more cubic yards of sand combined to the project OUTER BANKS, N.C. — It’s no secret that Hatteras Island has faced an enormous amount of adversity throughout the fall and winter on the Outer Banks. But soon help will be on the way through… Read More

The Tower of Attorney: Office of Counsel wins National Engineers Week competition

United States

Crosscurrents is an unofficial publication authorized under the provisions of AR 360-1. It is published quarterly for U.S. Army Corps of Engineers, St. Paul District. Views and opinions expressed are not necessarily those of the Department of the Army or the U.S. Army Corps of Engineers. Articles and photography submissions are welcome. Submissions may be… Read More


USACE

Congressman Van Drew (R-NJ) Worked with USACE to Secure $99 million to Fight Beach Erosion in S. Jersey

NJ, United States

In a statement, Van Drew said he had worked with the Army Corps to make South Jersey a priority and said the funding would provide stronger protection and stability for shoreline communities. U.S. Rep. Jeff Van Drew said Monday that South Jersey will receive $99 million in federal funding from the U.S. Army Corps of… Read More

GLDD’s Buxton & Avon Beach. N.C. Beach Nourishment Set to Start in May, but FEMA $ Required to Complete Second Phase

NC, United States

If FEMA funding is awarded, it could add around 1.2 million more cubic yards of sand combined to the project OUTER BANKS, N.C. — It’s no secret that Hatteras Island has faced an enormous amount of adversity throughout the fall and winter on the Outer Banks. But soon help will be on the way through… Read More

The Tower of Attorney: Office of Counsel wins National Engineers Week competition

United States

Crosscurrents is an unofficial publication authorized under the provisions of AR 360-1. It is published quarterly for U.S. Army Corps of Engineers, St. Paul District. Views and opinions expressed are not necessarily those of the Department of the Army or the U.S. Army Corps of Engineers. Articles and photography submissions are welcome. Submissions may be… Read More

Federal judge pulls CPRA permit for Atchafalaya Basin sediment project

LA, United States

By Elise Plunk A federal judge has rescinded a federal permit for a coastal restoration project in the Atchafalaya Basin, marking a win for environmental groups who sued to block the work. Judge Brian A. Jackson of the U.S. District Court for the Middle District of Louisiana ruled March 31 that the U.S. Army Corps… Read More


Videos | C-Suite Interviews

Mud Cat Releases New Video on Product Development for Transportable Dredges

WI, United States

Mud Cat E Series Electric Dredges

American Waterways Operators, National Safe Boating Council Launch Video on Safe Boating Near Commercial Vessels

VA, United States

ARLINGTON, Va. — The American Waterways Operators – the trade association of the U.S. tugboat, towboat and barge industry – and the National Safe Boating Council have partnered to create a video educating recreational boaters on how to safely interact with commercial vessels on the water. The three-minute video, titled Sharing the Water: Safe Boating on… Read More

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