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Beloit, Wis., headquartered Fairbanks Morse Defense, a portfolio company of Arcline Investment Management, has added two more executives to its leadership team. Crystal Brent joins the company as vice president of marketing. Coming to the company with more than a decade of marine-related marketing experience, she will direct and guide marketing strategies for Fairbanks Morse… Read More
COSCO Shipping Ports, part of China’s state-owned shipping group, has entered into a strategic alliance with Hamburg’s large container terminal operator Hamburger Hafen und Logistik AG (HHLA). Under the terms of the agreement, COSCO will buy a minority interest in the HHLA Container Terminal Tollerort, one of three terminals operated by HHLA, with Tollerort becoming… Read More
Shelby Deck Kirby – Promoted to Vice President Marketing at Brunswick Boat Group Thomas Levac – Hired as Senior Director, Improvement and Shipyard Integration
PANAMA CITY, FL – Eastern Shipbuilding Group, Inc. (ESG) has been awarded “Manufacturer of the Year” by the Bay County Chamber of Commerce. The award recognizes a Bay County company that contributes to the local economy while exhibiting excellence in leadership, performance, profitability, and workforce relations. Joey D’Isernia, President of ESG accepted the award on… Read More
Austal Limited reports that the Austal USA Board of Directors has appointed Rusty Murdaugh as president of Austal USA, effective September 9, 2021. Murdaugh, who joined Austal USA in 2017 as chief financial officer, has been serving as interim president of the company since February 2021. As interim president, Murdaugh led the addition of steel… Read More
Lake Providence, La., based Terral RiverService reports that it has acquired the assets of Vidalia Dock and Storage Company, Two-J Ranch Inc., 363 Dry-Dock & Repair LLC and Natchez Marine and Towing Inc., which are leading fleet and yard operators in the Vidalia, La., and Natchez, Miss., areas. According to Terral, the acquisition includes a… Read More
A public notice remains open until Wednesday for continued dredging operations in the Timber Lake/Treadway, which is located west of Columbus. According to a public notice issued by the U.S. Army Corps of Engineers, Omaha District, and the Nebraska Department of Environment and Energy, the Lyman-Richey Corporation is “proposing to expand and continue to mine… Read More
Ports are backlogged. Record numbers of ocean liners are waiting offshore for berths to unload their cargo. Shipping containers are nowhere to be found. Captains are rerouting their ships to avoid ports shut down by coronavirus outbreaks. And for many of the world’s largest shipping lines, profits have never been higher. The pandemic has been… Read More
(JACKSONVILLE, Fla.; Sept. 20, 2021 ) – Crowley Maritime Corporation announces the appointment of Massimo Messina as vice president, mergers and acquisitions. Based in Jacksonville, Fla., Messina will lead Crowley’s corporate expansion goals by identifying and assessing potential M&A candidates and execute transactions that align with the global enterprise’s future growth projection and endeavors across… Read More
The New Jersey Economic Development Authority and PSEG have signed a lease allowing for a term of up to 78-years on land that will be home to the New Jersey Wind Port in Salem County, New Jersey, further positioning the state as a hub for clean energy and the U.S. offshore wind industry, according to… Read More
US carbon capture company CarbonPoint Solutions has been acquired by construction manufacturing giant Caterpillar. Caterpillar added the company, also known by its group-name Enhanced Energy Group, to its portfolio to help reach the company’s climate goals, according to Rod Shurman, Vice President, Oil & Gas and Marine Division, Caterpillar. He added, “Combining CarbonPoint Solutions’ patented… Read More
The Board of Directors for the Maritime Exchange for the Delaware River and Bay has named Lisa Himber as president of the 146-year-old association. The appointment comes following the sudden passing of former president Dennis Rochford. “Lisa Himber has the knowledge, expertise, and leadership skills to guide the Maritime Exchange into its next phase of… Read More
BAE Systems Jacksonville Ship Repair LLC, Jacksonville, Fla., has been awarded a $25,079,996 cost-plus-award-fee modification on to exercise an option to previously awarded contract N00024-20-C-2320 for the accomplishment of post shakedown availability (PSA) for Freedom-variant littoral combat ship LCS 21. Work will be performed in Mayport, Fla., and is expected to be completed by Sept…. Read More
Continuing on the acquisition trail, Beloit, Wis. headquartered Fairbanks Morse Defense, a portfolio company of Arcline Investment Management, has acquired Hunt Valve Company, a specialty manufacturer of naval valves and electromechanical actuators. The deal expands FMD’s capabilities and service solutions for shipyard, defense, and industrial customers – including its support for and offerings to the… Read More