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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
Summary Climate Finance Partnership passes $500 mln target France, Germany, Japan all invest in novel fund EM investment a key issue at COP26 climate talk GLASGOW/BOSTON, Nov 2 (Reuters) – BlackRock Inc (BLK.N) told Reuters it has raised a target-beating $673 million for an infrastructure fund with backing from the French, German and Japanese governments… Read More
Crowley has been named a 2021 Top Company for Women to Work For in Transportation by Redefining the Road, the official magazine for Women in Trucking Association (WIT). As an honoree, Crowley embodies characteristics that distinguish the award-winning companies: corporate cultures that foster gender diversity; competitive compensation and benefits; flexible hours and work requirements; professional… Read More
SAN FRANCISCO, Nov. 2, 2021 /PRNewswire/ — Sofar Ocean, the world’s largest ocean intelligence platform, announced today it has secured a $39 million Series B syndicate round with Union Square Ventures (USV) and the Foundry Group. With this funding, Sofar will further scale its technology platform and grow its team across key regions worldwide. The funding… Read More
A DredgeWire Exclusive By Heidi Payne I was honored and humbled that DredgeWire reached out to me to tell something about my personal journey. Captain Beau Payne founded P & L Towing and Transportation, Inc. in 1993. When Capt. Beau passed away suddenly in 2017, his children were only 16 and 19 years old. Although… Read More
Third quarter net income of $13.8 million Third quarter adjusted EBITDA of $32.2 million Backlog of $598.5 million at September 30, 2021 HOUSTON, Nov. 02, 2021 (GLOBE NEWSWIRE) — Great Lakes Dredge & Dock Corporation (“Great Lakes”) (Nasdaq:GLDD), the largest provider of dredging services in the United States, today reported financial results for the quarter… Read More
Saltchuk Group member Foss Maritime reports that its Seattle shipyard is permanently closed, effective today, October 30, 2021. Foss says the closure does not does not affect any other area of its operations and that “the difficult decision is a result of Foss Maritime’s regular evaluation of business lines and follows the company’s diligent effort… Read More
The Galveston Bay Foundation (GBF) recently acquired 4,714 acres of coastal habitat along Halls Bayou and West Galveston Bay in Brazoria and Galveston Counties, to be named The Chocolate Bay Preserve. The preserve will be forever protected as open space and natural habitat. This acquisition brings the total amount of land conserved by the Galveston… Read More
EMERALD ISLE — This week, Carteret County hired an engineer from Moffatt & Nichol Engineers to provide temporary services to the County Shore Protection Office. The move will keep the office running until a permanent replacement can be found for the office manager, Greg Rudolph, who resigned earlier this month, effective Friday, Nov. 12, after nearly… Read More