The dream of wave-powered electricity, like most renewable energy ideas, is sweeping and transformative. The vision builds to utility-scale ocean generators lighting up cities as they bob in the ocean. more

In the Ocean State, it’s only natural that aquaculture is part of the economic mix. Even though fish farms – mostly shellfish farms – are only a small part of Rhode Island’s economy, there’s a vital point – the aquaculture industry is growing. more

Brad Read, along with his brother Ken, was recently presented the Rhode Island Marine Trades Association’s inaugural Anchor Award. The award recognizes those who make a significant contribution to Rhode Island and its marine trades. Read is executive director of Sail Newport, a public-access sailing center that creates affordable sailing opportunities and draws regattas to Newport. Read, who was chair of the America’s Cup World Series Host Committee, was a central player in drawing this summer’s America’s Cup event back to Rhode Island waters. more

General Dynamics Electric Boat was awarded a $17.5 million contract modification with the U.S. Navy for submarine planning services. more

Gov. Lincoln D. Chafee and House Speaker Gordon D. Fox joined the R.I. Economic Development Corporation and the Quonset Development Corporation to kick off a dredging project at the Port of Davisville on Thursday. more

Raytheon Co. has been awarded a $45.3 million U.S. Navy contract extension to provide hardware, test equipment and services for the MK 54 lightweight torpedo, the company announced Thursday. more

General Dynamics Electric Boat landed a $100.4 million contract modification from the U.S. Navy to provide lead-yard services for Virginia-class nuclear-powered attack submarines. more

The choice of Rhode Island Port Services as the new terminal operator for the port of Davisville in North Kingstown has two of the biggest existing companies there, Seafreeze Ltd. and Rhody Transportation & Warehousing Inc., questioning how the agency managing port operations handled the search. more

(Updated, 1:30 p.m.) In order to assist the city of Providence with improvements to its port, Gov. Lincoln D. Chafee has announced that the state has partnered with the city to take control of a $10.5 million grant to purchase two mobile, barge-based cranes. more

U.S. seafood landings reached a 17-year high in 2001, according to a report released Wednesday by the National Oceanic and Atmospheric Administration. more