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U.S. Secretary of Labor Martin J. Walsh has recognized Crowley as a recipient of the Platinum 2021 HIRE Vets Medallion Award during a ceremony held Wednesday, Nov. 10. In receiving this award from the U.S. Department of Labor, Crowley has demonstrated and met rigorous veteran employment and workplace integration assistance criteria, ranging from veteran hiring… Read More
At the recent 110th American Association of Port Authorities (AAPA) annual convention, chairman Mario Cordero announced the election of new members to sit on the association’s board of directors. In their new roles on the board, these port industry leaders will drive the strategic course of AAPA to further advance the organization in achieving its core mission, vision… Read More
Relationship ushers in new era of engineering innovation for supply chains. Florham Park, New Jersey and Cambridge, Massachusetts – Maersk North America’s warehousing and distribution (WnD) business, called Performance Team – A Maersk Company has signed an agreement with the MassachusettsInstitute of Technology’s Center for Transportation & Logistics (MIT CTL) to accelerate the company’s innovative… Read More
Mobile satellite communications giant Inmarsat is set to be acquired by Carlsbad, Calif., based Viasat Inc., (NASDAQ: VSAT) under a definitive agreement announced today. The news comes two years after U.K.-based Inmarsat was taken private by a consortium including the private equity firm Apax. Under the agreement, Viasat will acquire Inmarsat in a transaction valued… Read More
HOUSTON–(BUSINESS WIRE)–Maxine Buckles has been named Port Houston’s first-ever Chief Business Equity Officer reporting directly to Executive Director Roger Guenther. Buckles is responsible for implementing and administering diversity, equity, and training programs, including Port Houston’s new Minority- and Woman-Owned Business Enterprise Development Program and its successful Small Business Development Program. In this newly created position,… Read More
DredgeWire visited the site of President Biden’s important visit to the Port of Baltimore yesterday to celebrate America’s maritime infrastructure and over $1T of pending new government investment from the Bipartisan Infrastructure Bill (BIF.) As you look at the gigantic American flags hanging from the enormous new post Panamax cranes, just delivered to the Port… Read More
The film director has owned the vessel, which boasts a helipad, pool and on-board cinema, since 2010 Seven Seas, a 282-foot yacht belonging to director Steven Spielberg, most recently asking €131 million (US$151 million), sold last week for an undisclosed price, according to the website of the listing brokerage, Merle Wood & Associates. The luxury… Read More
Former Austal USA president Craig Perciavalle is to take the helm at Fincantieri Bay Shipbuilding following Todd Thayse’s decision to retire after 10 years as vice president and general manager and a 37-year career at the Sturgeon Bay, Wis., shipyard. “The timing of one’s retirement is not an easy decision,” said Thayse. “Especially when you… Read More
President Joe Biden will visit Baltimore this week — his second trip to the city in three weeks — and tout the just-passed infrastructure package and its effect on ports and supply chains, the White House said Sunday. The president will tour the Port of Baltimore on Wednesday. He made his first visit to the… Read More
Leading the Organization’s internal and external Diversity, Equity, and Inclusion efforts HOUSTON–(BUSINESS WIRE)–Maxine Buckles has been named Port Houston’s first-ever Chief Business Equity Officer reporting directly to Executive Director Roger Guenther. Buckles is responsible for implementing and administering diversity, equity, and training programs, including Port Houston’s new Minority- and Woman-Owned Business Enterprise Development Program and… Read More
CIT Group Inc. (NYSE: CIT) today reports that its Maritime Finance business has arranged to provide up to $58 million to refinance four containerships operated by Leonhardt & Blumberg. The financing includes both term loan and delayed draw components. Leonhardt & Blumberg is a long-standing shipowner and management firm with an existing managed fleet of… Read More
Sarah Scherer has been named as vice president of Pacific Coast operations at the Washington, D.C., headquartered Transportation Institute (TI). Her appointment follows the retirement of Richard Berkowitz, who served as an advocate for the U.S. maritime sector and mariners across the country for nearly 27 years at TI. Known for his efforts to bring… Read More
WASHINGTON, D.C. — U.S. Senator Tom Carper (D-Del.), Chairman of the Senate Committee on Environment and Public Works (EPW), today led a bipartisan majority in the Senate to confirm Michael Connor as Assistant Secretary of the Army for Civil Works by a vote of 92-5. Prior to the vote, Carper spoke on the Senate floor in… Read More
By Megan Eckstein PANAMA CITY, Fla. — Eastern Shipbuilding Group transformed its shipyard and its business practices to win its first-ever U.S. Coast Guard construction program. But now, after suffering extensive damage from Hurricane Michael in 2018, the yard is awaiting word on whether it can keep that deal. In 2016, Eastern Shipbuilding shocked many in the… Read More
Sino-Global Shipping America, Ltd. (NASDAQ: SINO) announced that Mr. Lei Cao, Chairman and Chief Executive Officer of Sino-Global, plans to step down from his role as Chief Executive Officer effective November 1, 2021. He will remain Chairman of the Board, ensuring a smooth transition, having served as Chief Executive Officer since founding the Company in… Read More