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CIT Group Inc. (NYSE: CIT) reports that its Maritime Finance business is providing $42 million in financing for a portfolio of seven dry bulk vessels. Dynamic Bulk Holdings, a leading dry bulk shipping operator, will use the loan to refinance existing debt on its fleet of seven Handymax vessels. “Demand for commodities transport increases constantly… Read More
Mettawa, IL (June 24, 2021) – Brunswick Corporation today announced that it has entered into a definitive agreement to acquire Navico, a global leader in marine electronics and sensors for $1.05 billion. As a result of this acquisition, Brunswick will add the industry leading brands of Lowrance, Simrad, B&G, and C-MAP to its Advanced Systems… Read More
The 410-foot vessel is the second ATB in Crowley’s fleet, after the Aveogan/Oliver Leavitt, to be dedicated to the Alaska market. The ATB is specially designed to add efficiency and range to transport clean petroleum products for Crowley Fuels, the company’s Alaska-based business unit. “This purpose-built vessel was specifically designed by our in-house naval architects… Read More
Crowley Maritime Corporation and the University of North Florida (UNF) today announced that Crowley has donated $2.5 million as an endowment gift for the creation and operation of a new center of excellence named the Crowley Center for Transportation and Logistics (CCTL). The center will reside in UNF’s Coggin College of Business and utilize interdisciplinary faculty… Read More
Farhat Ben Amor – Appointed as Technical Field Expert Rehabilitation of Piers and Dredging clean and contaminated material at BHP International Poti
PANAMA CITY, FL – Today, Eastern Shipbuilding Group, Inc. (ESG) announced that the company has signed an exclusive partnership agreement with Louisiana’s Bayou Metal Supply to provide material and labor in support of the production of the United States Coast Guard Offshore Patrol Cutter (OPC) Program. ESG is the prime contractor of the OPC program… Read More
This past Friday we celebrated the well-deserved and hard-earned retirement of Vic Buhr! Throughout his 30+ years with Brennan, Vic developed our “dredge division” into what is now known as the Environmental Group. His forward way of thinking allowed him to take a small dredging operation and turn it into one of the most sophisticated… Read More
The Shipbuilders Council of America (SCA) has announced the recipients of its annual shipyard safety awards. Each year, SCA honors shipbuilding and repair organizations with the “Excellence in Safety,” “Improvement in Safety”, and “Significant Safety Achievement” awards for enhancement of operations and promotion of safety and accident prevention. This year, nine shipyards received awards, with… Read More
AUSTIN – Governor Greg Abbott has appointed Sally Bakko, Michel Bechel, Roger Guenther, Robert D. “Bob” Mitchell, Lori J. Traweek, and Michael VanDerSnick to the Gulf Coast Protection District (GCPD) Board of Directors for terms set to expire on June 16, 2025. Additionally, the Governor named Nicole Sunstrum as the temporary Executive Director. The Gulf… Read More
Wisconsin-based FreshWater Engineering has joined with environmental consulting firm Anchor QEA to expand their high-quality water resources engineering services to clients nationwide. As a part of the transition, FreshWater Engineering, LLC, will operate as Anchor QEA, LLC; the teams eagerly anticipate leveraging their collective strength to continue building enduring relationships, improving the environment, and creating… Read More
Fairbanks Morse Defense (FMD), a portfolio company of Arcline Investment Management, announced today that its Fairbanks Morse Engine (FME) division was awarded a contract by Eastern Shipbuilding Group (ESG) to build and deliver the two main propulsion diesel engines (MPDE) for the U.S. Coast Guard’s fourth Offshore Patrol Cutter (OPC), the RUSH (WMSM-918). FME will… Read More
Arcadis today announced its partnership with the New York City Department of Environmental Protection (DEP) to launch a $53 million program designed to engage property owners across the city with resiliency measures that improve local and regional environmental health. Spanning all five boroughs and targeting properties over 50,000 square feet, the program will seek out… Read More
Ports of Indiana reports that it has hired Bernard (Ben) Weithman as the new Ports of Indiana-Mount Vernon port director. Weithman will lead port operations and business development for the Mount Vernon port. His industry experience includes more than 30 years in business development, startup and long-term sustainable operations. A senior-level executive in the transportation,… Read More
Canada’s largest ferry operator, Victoria, B.C., headquartered BC Ferries, today released its results for the fiscal year ended March 31, 2021 (fiscal 2021). Not surprisingly, the results reveal that the COVID-19 had a significant impact on the company’s operations and financial performance. During the year, BC Ferries carried 13.1 million passengers and 6.7 million vehicles,… Read More