Arcosa Inc. announced it has entered into a definitive agreement to sell its barge building business to Wynnchurch Capital L.P. for $450 million in cash, continuing a string of mergers and acquisitions across the U.S. maritime industry.
A $191 million service life extension program is rebuilding 107 47 Motor Lifeboats to boost performance, reduce costs, and extend operations through 2047.
Nichols Brothers Boat Builders held a keel-laying ceremony for the first of two 400-passenger battery-electric ferries under construction for San Francisco Bay Ferry.
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