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President Biden has nominated Adm. Linda L. Fagan to serve as the 27th commandant of the U.S. Coast Guard. On confirmation, she would be the first woman to serve as commandant of the Coast Guard. Previously, she served as commander of the Coast Guard Pacific Area overseeing operations from the Rocky Mountains to the waters… Read More
TMEIC Corporation Americas, a subsidiary of Toshiba Mitsubishi-Electric Industrial Systems Corporation (TMEIC), has completed the acquisition of the Ports and Terminals Division of Orbita Ingeniería, S.L. (Orbita) through its wholly owned subsidiary, TMEIC Port Technologies, S.L. TMEIC has a large footprint in crane controls and automation. It has supplied systems for ASCs in the USA,… Read More
~Acquires Superyacht Management Company Based in the South of France~ ~Strengthens Position as World’s Largest Superyacht Services Provider~ ~Committed to Growing Higher Margin Businesses~ ~Acquisition Expected to be Accretive in First Full Year~ CLEARWATER, Fla.–(BUSINESS WIRE)– MarineMax, Inc. (NYSE: HZO), the world’s largest recreational boat and yacht retailer, today announced that it has acquired Superyacht… Read More
Columbia, Ill., based marine contractor Luhr Bros, Inc., has merged with Crosby Enterprises LLC’s Jefferson, La., based subsidiary Bertucci Contracting LLC to create Luhr Crosby LLC. Luhr Bros is a third-generation family-owned business and Bertucci is a 145-year-old subsidiary of Crosby Enterprises. Luhr Crosby will be one of the largest marine rock contractors in the… Read More
MORGAN CITY, La., March 31, 2022 /PRNewswire/ — Conrad Industries, Inc. (OTC Pink: CNRD) today announced its 2021 results and backlog. The Company had net income of $6.5 million and earnings per diluted share of $1.29 for the twelve months ended December 31, 2021 compared to net loss of $4.0 million and loss per diluted share… Read More
Caterpillar Marine is investing in methanol-fueled engine technologies. It says the commitment supports the development of decarbonization efforts in the marine industry by offering cost effective methanol-powered solutions without sacrificing the value that its customers expect from Caterpillar. “In order to continue supporting our customers with their climate-related goals Caterpillar Marine will continue exploring combustion… Read More
April 1, 2022 – Fort Lauderdale, FL – Resolve Marine, a global leader in ship and vessel salvage, rescue, emergency response, and specialized marine services, today announced that Joseph Farrell, III has been appointed deputy CEO, a transition role to CEO, from his current position as director, business development. Mr. Farrell has more than two… Read More
Kassandra “Kassie” Doyle Taylor has joined the Miami office of law firm Jones Walker LLP as special counsel in the Maritime Practice Group and member of the maritime litigation, arbitration, and dispute resolution team. Taylor is an experienced attorney who successfully defended a vessel operator in one of the largest recreational boating accidents in Florida… Read More
Sarter Marine Towing Company Inc. (“Sarter”) is pleased to announce that it has agreed upon definitive terms for the sale of Sarter to The Great Lakes Towing Company (the “Towing Company”). The agreement includes the Towing Company’s purchase of the tugboats Donald J. Sarter and WILLIAM C. SELVIK, as well as all supporting machinery and… Read More
Chaney Enterprises, a ready-mix concrete and aggregates supplier, is pleased to announce that former Chief Executive Officer, William “Bill” Childs, IV has earned the John Roberts Lifetime Achievement Award for Promotion. The Lifetime Achievement Award for Promotion is awarded annually (or less frequently) to a ready-mix concrete professional distinguished by a career that demonstrated outstanding… Read More
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