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…

German shipbuilder Meyer Werft held a keel laying ceremony for the second of three new Triton class cruise ships it is building for U.S. based Disney Cruise Line.The 144,000 GT Disney Treasure will have 1,240 cabins and is scheduled for delivery in 2024.Like sister ship Disney Wish…

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…