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The American Society of Civil Engineers says that last year, Wisconsin’s harbors supported some 10,000 jobs and generated more than $1.6 billion for the local economy. We talk with the director of Port Milwaukee about challenges in the role and where he sees the future of the maritime shipping industry. Host: Kate Archer Kent Guest(s):… Read More
Beloit, Wis.-based Fairbanks Morse Defense (FMD), a portfolio company of Arcline Investment Management, has acquired Cincinnati, Ohio-based Federal Equipment Company (FEC). The transaction includes both FEC Military and FEC’s commercial business. FEC Military is a specialist in designing and manufacturing components and systems for the U.S. Navy and U.S. Coast Guard, including cargo elevators, engineered… Read More
Houston-based naval architecture and marine engineering firm The Shearer Group Inc. (TSGI) reports that it has promoted two members its team. JOSHUA SEBASTIAN Joshua S. Sebastian, P.E., a 13-year veteran of the firm, has been promoted to the position of vice president – operations following eight years as TSGI’s engineering manager. A registered Professional Engineer… Read More
Increases Line of Credit to $500 Million to Support Acquisition Pipeline and Organic Growth BUFORD, Ga., Jan. 04, 2022 (GLOBE NEWSWIRE) — OneWater Marine Inc. (NASDAQ: ONEW) (“OneWater” or the “Company”) today announced it has entered into the Seventh Amended and Restated Inventory Financing Facility (“The Facility”) with Wells Fargo Commercial Distribution Finance LLC, to… Read More
The Port of San Diego welcomes Frank Urtasun as the newest commissioner to represent the City of Coronado. On January 2, 2022, Commissioner Urtasun was sworn in by Port District Clerk Donna Morales, who administered the oath of office, according to the company’s release. The Port is governed by a seven-member board, of which three… Read More
a DredgeWire exclusive, by Peter Bowe, Publisher I had the opportunity to interview ROHR-IDRECO CEO Fulco Vrooland about an important topic: just how are you coping running a multinational company during the pandemic? To our readers: if you have similar stories to share, please send them to pbowe@dredgewire.com. ROHR-IDRECO is a specialized manufacturer of premium… Read More
Back in late September 2021, Capt. Marsha Morse of Vashon, Wash., retired after over 46 years of service as a professional mariner with the Washington State Ferry (WSF) system. Morse became the ultimate “hawsepiper” when she rose from an entry-level deckhand to Master of WSF’s massive, 1,500-passenger flagship, the M/V Kitsap. We wanted to know… Read More
NEWPORT NEWS, Va., Jan. 04, 2022 (GLOBE NEWSWIRE) — Huntington Ingalls Industries (NYSE:HII) announced today that Matt Mulherin Jr. has been promoted to vice president of contracts at its Newport News Shipbuilding division. Mulherin assumed the new role on Monday, Jan. 3, succeeding Christie Thomas, who has been appointed corporate vice president, investor relations. Mulherin… Read More
The Britannia P&I club reports that Marcela Pizzaro has joined the staff of its exclusive correspondent in the U.S., B Americas P&I. Led by director Mike Unger, B Americas is based in New York and provides support to all Britannia members requiring assistance with claims and other matters in the U.S. as well as focusing… Read More
Toshiko Hasegawa and Hamdi Mohamed made history today when they became the first women of color to join the Port of Seattle Commission. For the first time in the organization’s 110-year history, a majority of Port of Seattle Commissioners are people of color. The Port’s aviation and maritime gateways are critical to supporting economic vitality,… Read More
Biren Brahmbhatt – Promoted to Senior Manager – BD & Contracts at Adani Ports and SEZ Fernando Remolina – Promoted to Director of Operations at ASTIVIK SHIPYARD Patrick Parsons – Promoted to Counsel & Senior Manager – Government Affairs at American Waterways Operators
DredgeWire exclusive, by Judith Powers Norfolk Dredging Company (NDC) received the first segment of a 75-cubic-yard (57-cubic-meter) Cable Arm maintenance dredging bucket at its work site in Charleston, S.C. just before Christmas. Ray Bergeron, president of Cable Arm, decorated the bucket with a large red bow for the trip from Michigan to Charleston. Using its… Read More
New York City-headquartered CIT Group Inc. (NYSE: CIT) reports that its Maritime Finance business has provided $35.5 million to finance four commercial shipping vessels operated by Greenyield Shipping LLC. Greenyield is managed by Hayfin Capital Management, one of Europe’s leading alternative asset management firms, which has employed a multi-disciplined approach towards investments in the maritime… Read More
EMERALD ISLE — Carteret County officials announced Tuesday afternoon they have hired Ryan Davenport of the state Division of Coastal Management as shore protection officer manager, replacing Greg Rudolph, who resigned in November after 20 years in the job in order to pursue new opportunities. Mr. Davenport was chosen from a pool of more than… Read More
Taylor Energy Company LLC (Taylor Energy), a Louisiana oil and gas company, has agreed to turn over all its remaining assets to the United States upon liquidation to resolve its liability for the oil spill at its former Gulf of Mexico offshore oil production facility — the source of the longest-running oil spill in U.S…. Read More