People Company News

R.M. Young Company, a manufacturer of meteorological instruments since 1964, announced they have acquired Texas Electronics (TE), manufacturer of tipping bucket rain gauges and meteorological sensors since 1956. The acquisition expands Young's precipitation offerings alongside their pre-existing wind, temperature, humidity, pressure, visibility, and snow depth instruments.Precipitation data supports decisions in stormwater management, hydrology, agriculture, research, and public safety, and those applications don't all call for the same gauge.

Jody Peacock concluded his service as Chief Executive Officer of Ports of Indiana effective November 1. On that date, Ports of Indiana Chief Operating Officer Dave Parrott and Chief Financial Officer Erica Jackson began serving as the organization’s interim leadership team. Commission Chairman Steven Stemler is taking an active role working with them to lead Ports of Indiana during the interim period.“On behalf of the Commission, I thank Jody for his more than 25 years of service to Ports of Indiana,” said Stemler. “Dave and Erica bring strong experience and a deep commitment to our ports.

GE Vernova Inc. announced that it will acquire Trench Group, a provider of high-voltage grid equipment, from investment firm Triton Partners. The deal will create scale across GE Vernova’s Electrification product lines, expanding its capabilities to better serve customers with integrated solutions that meet demand for grid modernization, energy security, and electrification technologies. By vertically integrating an existing supplier with a complementary product portfolio, the acquisition will directly enhance GE Vernova’s two largest Electrification businesses…

Saudi Arabian shipping company Bahri reported a sharp increase in third-quarter and nine-month earnings for 2026, benefiting from higher very large crude carrier (VLCC) freight rates, increased chartering activity and shifting trade patterns amid continued disruption in the Arabian Gulf and Red Sea.Net profit for the first nine months reached SAR 9.98 billion ($2.66 billion), up 587% year-on-year, on revenue of SAR 26.10 billion ($6.96 billion), an increase of 268%.Third-quarter net profit climbed 891% to SAR 5.09 billion ($1.36 billion)…

Robert Allan Ltd. announced that Mr. Alireza Mirzajani has earned his accreditation as a Professional Engineer with Engineers and Geoscientists British Columbia (EGBC).Alireza is a valued member of the Naval Architecture and Advanced Structural Analysis team at Robert Allan Ltd. and has been working with the company since 2021. He has been involved in all aspects of structural design and finite element analysis.Alireza holds a bachelor’s degree in Naval Architecture from PGU University and a master’s degree in Naval Architecture – Marine Structure from AUT University.

The Swedish industrial Group Stena AB, owner of ferry operator Stena Line, has entered into an agreement to acquire the Norwegian shipping company Color Line, subject to regulatory approval. The transaction will bring together two companies with complementary operations in European passenger and freight transport, creating added value and benefits for both companies’ customers.Following completion, Stena intends for Color Line to continue as a separate, independent business and brand, with local management in Norway and Norwegian-registered ships.

Qatar Gas Transport Company Q.P.S.C. (Nakilat) announced its consolidated financial results for the third quarter ending September 30, 2026, with a net profit of USD$355 million (QAR 1.29 billion) compared to USD$360 million (QAR 1.31 billion) for the corresponding period in 2025."The ongoing regional situation continued to affect activities within our Marine Services segment, including ship repair, shipping agency and towage services," said Eng. Abdullah Al Sulaiti, Nakilat's Chief Executive Officer.

Fairbanks Morse Defense (FMD) broke ground on a third Center of Excellence (CoE3) at the Bird-Johnson Propeller Company facility in Pascagoula, Miss. The new center will effectively double capacity to produce complex and powerful naval propulsion systems.The $60 million installation includes a $27 million U.S. Navy investment, $22 million of which is sourced from Australia’s initial contribution to the U.S. Submarine Industrial Base (SIB) under the AUKUS Pillar I effort. CoE3 will complement existing foundry capacity with the addition of 38…

The Massachusetts Port Authority (Massport) announced the appointment of Charlie Cunnion as Port Director. Cunnion brings over 25 years of leadership experience across global transportation, supply chain management, operations, organizational transformation, and strategic planning. Most recently, he served as Vice President of Supply Chain and Customer Service for CMPC Forest Products North America, where he led a business transformation focused on operational excellence, technology innovation…

JPMorganChase has added two senior leaders to support shipbuilding and maritime efforts within its Security and Resiliency Initiative (SRI), the firm's $1.5 trillion, 10-year effort focused on strengthening industries critical to economic and national security. Chryssa Rask has joined the firm to lead SRI's shipbuilding efforts and support its broader work across supply chain and advanced manufacturing. Most recently, she was an investor with Cerberus Capital Management's Supply Chain Fund, where she focused on companies and technologies that strengthen supply-chain resilience and U.S.

Houston-based maritime IT network specialist BroCoTec is bringing space age tech expertise to its expanding team with the appointment of NASA engineer Corey Harris. Harris, who has spent several years upgrading networks on board the International Space Station and mission control center, Houston, is transferring his knowledge and expertise of networks and cybersecurity to the maritime industry.Harris is one of several tech talents to recently join Houston-based start-up BroCoTec…

Brenock Technology, LLC, a provider of software applications and consulting services for the cruise and marine sectors, announced that Ben Rogers, senior vice president of technology, engineering and product development, will lead its day-to-day operations in an expanded role.Since joining Brenock in 2009, Rogers has been central to the company’s technology development and evolution. He has guided the strategic direction and operational execution of its SaaS platforms, technology infrastructure, software development, and customer support.

Thordon Bearings has opened a new manufacturing facility as part of its strategic response to robust growth across all business segments and rising demand for its sustainable bearings and seals.The third plant provides ample additional space for Thordon to manufacture complementary non-bearing equipment, boost production output, minimize lead times and develop future products.Located at 3180 Mainway, Burlington, just steps from Thordon’s head office at 3225 Mainway, Plant 3 will…

Roboat, the Amsterdam-based startup developing autonomy systems for transport over water, announced a step towards scaling up operations as Unse Reinema, CEO and co-founder, is handing over the reins to Joshua Jordan. Joshua Jordan has been with Roboat since the beginning. With over a decade in Al and software startups, he is positioned to bring Reboat's vision to the world and take the company to the next level."I believe autonomy will fundamentally change transport over water.

Port of Albany-Rensselaer, NY CEO Richard J. Hendrick was unanimously elected Chair of the Board of Directors of the American Association of Port Authorities (AAPA) at its Annual Convention in New Orleans. AAPA represents more than 130 public port authorities in the U.S., Canada, the Caribbean and Latin America.This is the first time in more than 40 years that the AAPA Chairman has been elected from the North Atlantic Region. Hendrick will serve a two-year term in this role. Previously, he served the AAPA Board as Vice Chairman and as the representative of the North Atlantic Region.

The American Shipbuilding Suppliers Association (ASSA) Board of Directors announces the election of David Finn of J.A. Moody and Terry Nawara of Marotta Controls to the Board, adding two U.S. Navy veterans and experienced maritime industry leaders to the organization's leadership.Nawara succeeds Bill Dimas, who represented one of ASSA's early member companies, Marotta Controls. Finn joins the board following a decade of increasing leadership within the maritime community.Nawara currently serves as Director of Business Development…

Anchor QEA Principal Walter Dinicola, PE, F.ASCE, was named president of the Western Dredging Association (WEDA) at the organization’s 2026 Dredging Summit & Expo in Montreal.Anchor QEA’s national leader for Ports and Waterfront, Dinicola brings more than three decades of experience in dredging, ports and harbors, waterfront infrastructure, dredged material management and beneficial use to the role. He has been on WEDA’s executive board for 10 years and was most recently the organization’s…

Ring Power Corporation, a provider of marine power solutions, announced an expansion of its partnership with Cox Marine, becoming the exclusive North American distributor of the UK company's diesel outboard line. Under the new agreement, Ring Power now holds distribution rights across the entire United States, the Caribbean and U.S. territories.The expanded territory strengthens Ring Power's ability to support commercial, government, military, and recreational marine customers with Cox Marine's diesel outboard engines.

The Shipbuilders Council of America (SCA), the national association representing the U.S. shipbuilding, maintenance and repair industry, announced the incoming chairs of its Industry Partners Committee, which represents SCA’s supplier and manufacturer members across the country.John Rhatigan, Chairman of the Marine Machinery Association, is ascending from Vice Chairman to Chairman of the Industry Partners Committee, assuming the position from Mark Haller, President and Owner of Tri-Tec Manufacturing, LLC. This will be Mr.

DNV, the independent assurance and risk management provider, has appointed Rob van der Spek as Artificial Intelligence (AI) and Innovation Manager for its Industrial Services business unit, a newly created role focused on accelerating the practical use of AI, digital tools and innovation across inspection and assurance services.The appointment reflects growing customer demand for faster, smarter and more efficient inspection and assurance.The shift is already visible in the market.

C-Innovation (C-I), a provider of subsea services and an affiliate of Edison Chouest Offshore, announced the promotion of Lucas Cribley to Chief Executive Officer.In his new role, Cribley will lead C-I’s overall strategy and operations as the company expands its capabilities and strengthens its position in the global subsea services market.Cribley brings over 25 years of experience in offshore operations, project execution, and business development. “I am honored to have the opportunity to lead C-Innovation as CEO,” said Cribley.

OneOcean, Lloyd's Register's maritime digital solutions business, has appointed Dr. Claus Reimers as Chief Product & Technology Officer (CPTO) to lead its product and technology strategy and accelerate the development of digital, data and AI-enabled solutions for the maritime industry.Reimers joins OneOcean from Akselos, a technology company specializing in physics-based AI for critical infrastructure, where he served as Chief Product & Technology Officer. He returns to Lloyd's…

Corporate & Specialty insurer HDI Global delivered a robust first half of 2026, driven by underwriting, lower large loss payments, and an increased investment result. The company continues to invest in its international footprint, including the United States. As part of its long-term growth strategy, HDI Global Insurance Company is further expanding its market presence, talent base and capabilities to support brokers and clients in the large corporate and specialty insurance market.On a worldwide scale…