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What’s ahead in the tank barge market? Some clues could come from the vessel S&P (sales & purchase) market and Coupeville, Washington, based shipbroker Marcon International has just published its latest data-packed tank barge market report. In its comments on current market conditions, Marcon says that rampant inflation in the commercial marine industry is causing all costs… Read More
Retired U.S. Army Gen. Stephen Lyons has been appointed as the new port and supply chain envoy to a group created by the White House last June to mitigate economic problems arising from the COVID-19 pandemic. “We are grateful that Gen. Lyons, formerly commander of the U.S. Transportation Command, will now take on the role… Read More
ShipX, a leading tech-enabled e-commerce transportation delivery service provider, announces the acquisition of Princeton Logistics and its subsidiary, TriStar Carriers, to expand the ShipX service portfolio. This addition will enable ShipX to arrange First and Middle Mile transportation services to e-commerce customers needing specialized trucking options, as well as help strengthen their door-to-door parcel delivery services across North… Read More
Crowley has been awarded the Rear Admiral William M. Benkert Marine Environmental Protection Award for Excellence, the U.S. Coast Guard’s most prestigious merchant marine honor, for the global shipping and logistics company’s commitment to safety and sustainability while exceeding essential standards for operations. Crowley received the Osprey designation, the Benkert Award program’s highest distinction. “The… Read More
The Russia-Ukraine situation continues to create uncertainty for the global economy as the conflict enters its fourth month. Concerns over food and energy supplies, combined with rising prices are weighing on European sentiment. Many other global markets continue to show robust demand levels at this time. Responding to supply chain challenges Maersk has launched a… Read More
Last week, all American Merchant Mariners who served in World War II were awarded the Congressional Gold Medal during a ceremony at the U.S. Capitol. The bipartisan law that directed this was unanimously passed by Congress and signed by former President Trump in 2020, but the ceremony was postponed due to the COVID-19 pandemic. It is not widely known that the… Read More
According to Kiplinger: “Business conditions for the US dredging industry should remain healthy for the next few years, given the strong interest in making improvements to US water infrastructure and Uncle Sam‘s willingness to fund such projects. Last year‘s infrastructure legislation allocated $17.1 billion to US ports and waterways. Dredging is a crucial part of… Read More
Port of Seattle Executive Director Steve Metruck was named Puget Sound Maritime Public Official of the Year, and Debbie Granger, long-time member of the Working Waterfront Coalition of Whatcom County, was presented the annual Puget Sound Maritime Achievement Award during the annual Seattle Maritime Day Breakfast, which was sponsored by the Seattle Propeller Club and… Read More
“Excellence in Safety,” “Improvement in Safety” and “Significance in Safety Achievement” Awards Given Annually to Shipyards That Advance Safety and Accident Prevention The Shipbuilders Council of America (SCA), the national association representing the U.S. shipyard industry, today announced the 2022 Annual Shipyard Safety Awards. SCA recognized a total of 15 U.S. shipyards and repair facilities… Read More
Tuula Liukko (M.Sc. (Eng.), MBA) started as CEO of Hamina LNG Oy on 16 May 2022, according to the company’s release. Before joining Hamina LNG Oy, Tuula worked at Elenger as Commercial Director and at Elenger Marine as Safety Manager. Hamina LNG Oy is a joint venture of Hamina Energy Ltd, the Estonian energy company… Read More
Sempra Infrastructure has announced an initial deal with existing equity partnerships to curb emissions at its Cameron liquefied natural gas (LNG) terminal and potentially build a carbon capture hub in coastal Louisiana. The subsidiary of San Diego-based Sempra said Monday it had secured a participation agreement with TotalEnergies, Mitsui & Co. and Mitsubishi Corp. to develop the… Read More
Sharonda Williams was sworn in as a member of the board of commissioners of the Port of New Orleans at the May 19 board meeting. Appointed by Gov. John Bel Edwards, Williams succeeds Darryl D. Berger as one of four Orleans Parish representatives on the seven-member regional board and will serve a five-year term. “We… Read More
ZF Marine announced the appointment of Walter Fienco to the position of product line manager, commercial thrusters. In this role, Fienco will lead ZF Marine’s commercial thruster product sales across the North and Central American and Caribbean markets. Fienco brings nearly 15 years of commercial thruster product experience to the position. During his tenure at… Read More
Norfolk-based Colonna’s Shipyard Inc. announced Monday it had promoted three executives to senior management positions, effective in July. CSI has promoted Jordan Webb from vice president of contracts to vice president of shipyard operations; Randall Crutchfield from chief experience officer and executive director of Steel America and Weld America to vice president of industrial operations… Read More
CIT, a division of First Citizens Bank, today announced that its Maritime Finance business served as sole lead arranger on up to $30.5 million in financing to expand Lomar Shipping’s portfolio of dry bulk vessels. The financing, which will be used to acquire Kamsarmax vessels, was arranged to support further diversification of Lomar’s growing fleet. Lomar is the shipping… Read More