The U.S. Department of Commerce has awarded a $2.9 million U.S. Economic Development Administration grant to the R.I. Department of Environmental Management to “rehabilitate critical infrastructure” at the port of Galilee, lawmakers announced Friday. more

Newport-based American Shipyard Co. LLC, which does business as Newport Shipyard, has been fined $31,000 in a Clean Air Act settlement with the U.S. Environmental Protection Agency. more

Three Rhode Island companies – J/Boats, C&C Fiberglass Components and Bluenose Yacht Sales – were honored in Bristol on Friday for earning recognition in Sailing World magazine’s Boat of the Year Awards. more

Commercial fishing license holders seeking new or renewed licenses from the R.I. Department of Environmental Management face a Feb. 28 deadline. more

Oliver Hazard Perry Rhode Island has announced that the SSV Oliver Hazard Perry, which the nonprofit is building as Rhode Island’s official sailing education vessel, has been granted a permanent home on the north side of a new pier being built as part of improvements at Fort Adams State Park. more

KVH Industries Inc.’s profit rose 71.9 percent during the fourth quarter of 2012 and 316 percent for the year as a whole, the company reported Tuesday. more

NORTH KINGSTOWN – Brandaris Maritime, a local provider of marine-related educational-enrichment programs, has partnered with St. Mary’s Home for Children on the “SeaPerch” program, which equips students to build an underwater Remote Operated Vehicle. more

Summer may be the season for sailing in Rhode Island, but winter is shaping up to be prosperous as well. Two major February announcements – that Newport will be the only United States stop on the 2014-2015 Volvo Ocean Race and that last summer’s America Cup World Series Event brought a total of $52.7 million to the state - bring promises of continued industry success. more

On Wednesday night, the New England Fishery Management Council voted to cut the catch limit on Gulf of Maine cod by 77 percent, a move the opposition claims is tantamount to shutting down the industry, The Gloucester Times reported. more

The Port of Davisville at Quonset Business Park had its third consecutive record-breaking year, according to Gov. Lincoln D. Chafee, who joined state officials and local business leaders on Wednesday to announce the port’s success. more