TORM ALMENA

Often debated and long-awaited, The White House released its long-anticipated America’s Maritime Action Plan (MAP), a 40+ page blueprint aimed at what it calls a new “Maritime Golden Age” for the United States.The document, developed under Executive Order 14269, lays out a four-pillar strategy to rebuild domestic shipbuilding capacity, expand the U.S.-flag fleet, reform maritime workforce development, and strengthen industrial resilience. For U.S. shipbuilders, vessel owners and maritime suppliers, the plan signals potentially historic investment — paired with significant structural reform.What It Means for U.S.

Great Lakes Dredge & Dock Corporation and Saltchuk Resources, Inc. announced a definitive agreement for Saltchuk to acquire Great Lakes at an aggregate equity value of approximately $1.2 billion and a total transaction value of $1.5 billion.Under the terms of the agreement, which has been unanimously approved by the Board of Directors of both companies, Saltchuk will commence a tender offer to acquire all outstanding shares of the Company for $17.00 per share in cash. The per share purchase price represents a 25% premium to Great Lakes’s 90-day volume-weighted average price as of February 10, 2026, the last trading day prior to the announcement

With a growing focus on mitigating climate change and progressing toward the International Maritime Organization’s (IMO) 2050 net-zero target, the marine sector is under intense pressure to decarbonize. Today, maritime transport emits nearly one billion tons of CO2 annually, representing roughly 2-3% of all energy-related carbon emissions worldwide .Substantial progress has been made over the past decade in reducing emissions from small commercial and coastal vessels via all-electric and diesel-electric propulsion (DEP) systems. However, decarbonizing larger ocean-going and cargo-carrying ships that travel hundreds or even thousands of miles between stops has proved more difficult.

Pioneer Illinois shipwreck hunter Paul Ehorn has discovered of one of Lake Michigan’s most sought-after missing ships, the passenger steamer Lac La Belle.The ship had been missing in the depths of Lake Michigan since a stormy night in October of 1872. Ehorn located her upright, intact hull almost 150 years to the day after her loss.The Lac La Belle was one of the most popular passenger steamers on Lake Michigan. Built in 1864 at Cleveland, Ohio, she spent her early years running from Cleveland to Lake Superior before an unfortunate collision sank her in 25 ft. of water in the St. Clair River in 1866. She was not raised until 1869 and had to be completely reconditioned.

DP World chairman and CEO Sultan Ahmed Bin Sulayem has resigned with mounting pressure over his alleged ties to Jeffrey Epstein.Bin Sulayem, one of the Middle East's most prominent business figures, is among the highest-profile executives to face scrutiny and be removed from senior roles following the recent release of the Epstein files.Dubai's ruler on Friday also issued a decree appointing a new chairman for Dubai's Ports, Customs and Free Zone Corporation, one of several roles previously held by Bin Sulayem.Members of the U.S. Congress said Bin Sulayem's name appeared in documents published by the U.S.