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HOUSTON, March 31, 2022 (GLOBE NEWSWIRE) — Great Lakes Dredge & Dock Corporation (“Great Lakes” or the “Company”) (NASDAQ: GLDD), the largest provider of dredging services in the United States announced today the signing of an important agreement with the College of Engineering at Texas A&M University to provide funding and technical support for what will become… Read More
The tug Thomas is currently on site at Ascension Island in the South Atlantic 1,000 miles southwest of Liberia and 1,400 miles east of Brazil. There the Thomas and Weeks’ barges are ferrying aggregate from offshore vessels to a pier where they are unloaded, and the material is moved inland to support runway replacement. The… Read More
Fairbanks Morse Defense (FMD), a portfolio company of Arcline Investment Management, has promoted Jamie McMullin to President of Services. With an extensive background in marine, naval, aerospace, and defense industries, McMullin will oversee the integration of new services offered by the defense contractor’s recently acquired companies throughout the company’s extensive service network, as well as… Read More
HOUSTON, March 29, 2022 (GLOBE NEWSWIRE) — Kirby Corporation (“Kirby” or the “Company”) (NYSE: KEX) today announced the signing of a commercial agreement for its wholly owned subsidiary, Kirby Offshore Wind, to provide barge transportation services for offshore wind towers and turbines to Maersk Supply Service (“Maersk”), which has been selected by Empire Offshore Wind,… Read More
Florham Park, New Jersey USA – A.P. Moller-Maersk (Maersk) has announced the order for 110 additional Volvo VNR Electric Class 8 trucks, increasing its total commitment to 126 trucks. The trucks will be delivered by the end of Q1 2023 to support increased demand from customers. Our customers are looking for tangible actions on sustainable… Read More
GTD Solution, the Maersk business unit responsible for TradeLens – an open and neutral platform underpinned by blockchain technology that facilitates and simplifies global trade – announces a shift in the CEO position. Current CEO, Mike White, is retiring at the end of April after a career spanning more than three decades in shipping and… Read More
SAVANNAH, Ga. (WSAV) — It was officially known as SHEP, the Savannah Harbor Expansion Project and Governor Brian Kemp says now that it is completed, it is a once-in-a-lifetime accomplishment for the state. “To say that today was a long time coming is an understatement,” said Kemp on Friday as he attended a completion ceremony… Read More
With the closing of the Western Dredging Association (WEDA) Midwest Chapter Meeting, here is your new board for 2022-2023! Trustee – Aaron Wright | Infrastructure Alternatives, Inc. Past President – Ken M. | Tetra Tech President – Stan Ekren | Great Lakes Dredge & Dock Company, LLC President Elect – Craig Harley | Ramboll Vice… Read More
$710 million divestiture advances XPO’s strategic plan to create two pure-play, publicly traded companies through a spin-off later this year GREENWICH, Conn., March 25, 2022 (GLOBE NEWSWIRE) — XPO Logistics, today announced that it has divested its North American intermodal business to STG Logistics, Inc. for cash proceeds of approximately $710 million, subject to a… Read More
Yesterday, the St. Lawrence Seaway Management Corporation (SLSMC) marked the opening of the Seaway’s 64th navigation season. The Canada Steamship Lines’ Trillium Class bulk carrier CSL Welland was the first ship to transit through the Welland Canal. Over the past decade, with investments to modernize and optimize operations, the Seaway has firmed up its position… Read More
The International Offshore Wind Partnering Forum, taking place in Atlantic City, N.J., April 26-28, will bring together federal, local, and international government officials, industry leaders, and companies working to grow the U.S. offshore wind industry sector BALTIMORE – The Business Network for Offshore Wind, the leading non-profit advocate for offshore wind power and supply chain… Read More
Lockheed Martin has applied to the federal government to extend two licenses to 2027 for exploratory deep-sea mining of hard minerals in the Pacific Ocean’s Clarion-Clipperton Zone, halfway between Mexico and Hawaiʻi. The licenses are scheduled to expire June 2, 2022. The licenses were the subject of a Center for Biological Diversity lawsuit in 2015… Read More
After 27 years in the role, Joe Hughes will stand down as CEO of American P&I Club managing company, Shipowners Claims Bureau Inc. (SCB), on August 1. Succeeding him as CEO will be Dorothea Ioannou, who is currently deputy COO at SCB. She will be the first woman to hold a top executive position at… Read More
The 298 MW wind farm is Ørsted’s first onshore project using 5 MW Siemens Gamesa wind turbines and brings the company’s US onshore wind and solar capacity in operation above 3 GW. Located in Wayne County, Nebraska, Haystack Wind utilises existing interconnection infrastructure in Southwest Power Pool (SPP) North from Ørsted’s 230 MW onshore wind… Read More
Leveraging expertise from across the Caterpillar, Inc. enterprise, Caterpillar Marine plans to expand its hybrid and electric offerings, selectively incorporating technology from machine and off-highway products Cat Marine says this will expand its capabilities to deliver advanced power systems that will help minimize customers’ fuel usage, environmental impact and total cost of ownership while maximizing… Read More