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Arlington, VA – Trident Maritime Systems (“Trident”), a leading maritime systems and solutions provider and portfolio company of investment affiliates of J.F. Lehman & Company (“JFLCO”), announced the divestiture of Hoffman Engineering (“Hoffman”) to Branford Castle Partners, a North American-focused private equity firm. Hoffman is a premier provider of situational awareness solutions, including LED lighting… Read More
NEW YORK – J.F. Lehman & Company (“JFLCO”), a leading middle-market private equity firm focused exclusively on the aerospace, defense, maritime, government and environmental sectors, is pleased to announce the appointments of Admiral Michael Gilday, the Honorable Kenneth Braithwaite and Mark Russell to its Operating Executive Board (“OEB”). JFLCO’s OEB is a group of senior… Read More
Port of Albany-Rensselaer CEO Richard J. Hendrick was unanimously elected Vice Chair of the Board of Directors of the American Association of Port Authorities (AAPA) at its Annual Convention in Boston. AAPA is the trade association for 140 seaports in the western hemisphere. “It’s no surprise that Rich’s Port Executive colleagues elevated him to the… Read More
Jeffersonville, IN – American Commercial Barge Line (ACBL) is pleased to announce the appointment of Peter Coxon as Chief Executive Officer, effective immediately. This marks a significant step in ACBL’s transformative journey toward realizing its vision of being the trusted leader in marine transportation. Over the last few years, ACBL has made important progress in… Read More
Ørsted announced today that David Hardy, Group EVP and CEO Americas, has decided to leave the company to join GE Vernova as Chief Commercial Officer, Wind. He will step down from his position effective November 30. The search for a successor Region Americas CEO is well underway. In the interim period, Ørsted’s Chief Commercial Officer… Read More
In a key meeting for the future of the Latin American port industry, the Executive President of AAPA Latam, Juan Duarte, together with the General Director of the AAPA Latam Congress, Zulma Dinelli, met with the authorities of the Argentine Port Council (CPA) to present AAPA’s new strategy for Latin America. The main objective of… Read More
HOUSTON, Nov. 18, 2024 (GLOBE NEWSWIRE) — Great Lakes Dredge & Dock Corporation (NASDAQ: GLDD), the largest provider of dredging services in the United States, announced that its newly launched Multi Cat dredge support vessels, Cape Hatteras and Cape Canaveral, have been awarded the prestigious 2024 Significant Boat of the Year title at the International WorkBoat Show. This… Read More
Over the course of 10 years, the Billion Oyster Project, one of New York’s most ambitious rewilding initiatives, has planted 150 million larvae in its harbour. Did it work? The eastern oyster has lived in the Hudson River estuary for at least 6,000 years. With 350 sq miles (900 sq km) of oyster reef, some… Read More
BATON ROUGE, La. – The U.S. Senate Energy and Natural Resources Committee today passed Senate Bill 373, known as the Reinvesting In Shoreline Economies and Ecosystems Act of 2023 (RISEE Act), unanimously by voice vote. The bipartisan bill was authored by Sen. Bill Cassidy (R-LA) and Sen. Sheldon Whitehouse (D-RI) and cosponsored by Sen. John Kennedy… Read More
At this week’s International WorkBoat Show, dredging industry experts discussed the sector’s major advancements and trends in a panel titled “The U.S. Dredging Boom: Trends, Technologies, and Future Directions”. Panelists included Bill Doyle, CEO and executive director of Dredging Contractors of America, Fred Paup, board chairman and executive vice president of Manson Construction Co., David Johanson, senior vice president… Read More
In three years, the Bipartisan Infrastructure Law has made more than 66,000 projects possible for thousands of communities across the country WASHINGTON, DC— Ranking Member of the House Committee on Transportation and Infrastructure Rick Larsen (D-WA) released the following statement on the three-year anniversary of the Bipartisan Infrastructure Law. More than $560 billion in Bipartisan… Read More
Paul C. Schmall and Anthony J. Binsfeld have been selected to receive the Outstanding Achievement Awards by The Moles, a National Heavy Construction Industry Professional Organization. The awards will be presented at The Moles’ Annual Award Dinner at the New York Marriott Marquis on Wednesday, January 8, 2025. Paul Schmall will accept The Moles Member Award… Read More
By Heiko Osterchrist The author was honored and privileged to have been recently invited aboard the newest GLDD hopper dredge, The Galveston Island. She is a magnificent hopper vessel that is bristling with the latest dredge technology that makes her not only the most modern efficient vessel in the GLDD fleet, but in N. America. … Read More
Download this Press ReleasePDF Format Special General Meeting of Shareholders Scheduled for December 2, 2024, for Approval of Related Items HOUSTON — McDermott International Ltd. (“McDermott” or the “Company”) today announced that it has reached an agreement with the holders of a majority of its Series A Preference Shares (“Series A Preference Shares”), par value $0.001… Read More
Decks & Docks, a 34-year-old Clearwater-based marine construction and outdoor living supply company, has bought a Texas supplier growing its footprint to 43 locations. Terms of the deal were not disclosed, but the purchase was of Bayou City Lumber, which is based in Houston. According to a statement announcing the deal, Bayou City will operate… Read More