Australian shipbuilder Austal Ltd sank as much as 8.4% to its lowest level in more than four years on Monday after the United States Department of Justice indicted three of its former U.S. employees on manipulating financial information. Austal, which builds ships for the U.S.

Heerema Marine Contractors has completed the installation of 24 turbines for Parkwind’s Arcadis Ost 1 offshore wind farm and most turbines are already producing electricity. Three remaining turbines will be installed later this year.The 257…

Four mariners were rescued in dramatic fashion from a tugboat that was sinking in Sabine Pass, Texas, on Friday.The U.S. Coast Guard said its watchstanders at Sector Houston-Galveston command center were notified at 5:38 a.m. that the crew of…

A new passenger vessel entered service for operator NY Waterway, serving as both a commuter ferry and for scenic tours of the harbor with Big City Tourism.Built locally by New Jersey-based Yank Marine in Tuckahoe, N.J., the 599-passenger Franklin…