In 2023, boatbuilder SAFE Boats International, Bremerton, Wash., became 100% employee owned. For founder Scott Peterson, the transition was something he’d pursued for nearly 20 years: making sure the people who built the company got to share in what was created.
The U.S. Department of Transportation's Maritime Administration (Marad) has announced $488,628,000 in funding for American ports, shipyards, and maritime infrastructure under the Port Infrastructure Development Program (PIDP), the latest move in the Trump administration's broader push to reassert U.S. maritime dominance.
Crosby Enterprises LLC, Galliano, La., announced that three of its subsidiaries — Crosby Tugs LLC, Crosby Dredging LLC, and Crosby Marine Transportation LLC — filed for Chapter 11 bankruptcy protection on March 23 in the U.S. Bankruptcy Court for the Eastern District of Louisiana.
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