Conrad reports improved operating results
Conrad Industries, Inc. (OTCID: CNRD) yesterday reported its 2025 results and backlog. For the quarter ended December 31, 2025, the company had net income of $4.7 million and earnings per diluted share
S&Y expands Texas tug services to the Port of Brownsville and Port Isabel
Houston-headquartered Suderman & Young Towing Company (S&Y) said today that it is extending its tugboat operations to the Port of Brownsville and Port Isabel, Texas, beginning service on April 9, 2026. It
MARAD to award $35M in Small Shipyard Grants
Secretary of Transportation Sean P. Duffy announced yesterday that the Maritime Administration (MARAD) is seeking applications for $35 million in Small Shipyard Grants. This is a 300% increase on the $8.75 million
Ship Repair USA takes shape ahead of Jacksonville debut
Marine Log’s Ship Repair USA will take place June 23–24, 2026, at the Hyatt Regency Jacksonville, marking the first time the event will be held in Jacksonville, Fla., a region with expanding
Kuwaiti VLCC Al Salmi struck by drone at Dubai anchorage
The fully-laden Kuwaiti VLCC Al Salmi has become the latest vessel struck in the ongoing Mid East conflict that has effectively closedf the Strait of Hormuz and disrupted world oil and gas
Corps awards contract for Mississippi River navigation improvements
The St. Paul Engineer District awarded a $12.8 million contract to Kramer North America LLC, out of Plain, Wis., March 25, to upgrade lock and dam infrastructure on the Mississippi River. The
NSMV State of Maine delivered to Maine Maritime Academy
The National Security Multi-Mission Vessel (NSMV) State of Maine was formally delivered to Maine Maritime Academy on March 30, marking the transfer of operations from the U.S. Maritime Administration (MARAD) to the
ABB picked to provide propulsion and automation solutions for new DRBA ferry
Shipbuilder Senesco Marine has contracted ABB to deliver full propulsion and automation systems for the 75-car passenger and vehicle ferry that it is building to replace the Delaware River and Bay Authority
Ann Fairchild named president and CEO of Siemens USA
Siemens announced the appointment of Ann Fairchild as president and CEO of Siemens USA, the company’s largest market globally. Fairchild, who has served as interim president and CEO since October 2025, will
Autonomous vessel innovator Saronic Series D round raises $1.75BN
Austin, Texas-headquartered autonomous vessel pioneer Saronic Technologies today announced that it has closed a $1.75 billion Series D funding round. Led by venture capital firm Kleiner Perkins, the round values the company