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Creates Second Largest US-Listed Tanker Company by Vessel Count and Third Largest by Dwt with an Enterprise Value of Approximately $2 Billion Significant Synergies and Efficiencies to Drive Annual Cost Savings of over $23 Million and Revenue Synergies over $9 Million Maintains Financial Strength and One of the Lowest Leverage Ratios in the Industry Companies… Read More
President Biden has nominated Commissioner Daniel B. Maffei as Chairman of the Federal Maritime Commission. Chairman Maffei is a sitting member of the FMC and replaces Michael A. Khouri in the role of Chairman. A native of New York, Chairman Maffei was a Member of the U.S. House of Representatives for two terms. His previous… Read More
ARLINGTON, Va., March 30, 2021 /PRNewswire/ — Monument Economics Group, a leading provider of economic consulting services and expert testimony, is pleased to announce that Dr. Paul Kent has joined the firm as a Senior Vice President and Managing Director and will lead its new Ports & Logistics practice area. Dr. Kent brings an extremely wide breadth of… Read More
Eastern Shipbuilding Group, Inc. ispleased to announce that on Friday, March 26, 2021, the DOROTHY DAY (Hull 221) waslaunched atEastern Shipbuilding Group’sAllanton facility in Panama City, Florida. The DOROTHY DAY is the third of threenew Staten Island “Ollis Class” Ferriesforthe City of New York Department of Transportation (NYCDOT)Staten Island Ferry Division. Congresswoman Nicole Malliotakis, representing… Read More
The Port of New Orleans Board of Commissioners last week elected new officers, with William Langenstein III serving as chairman. Also selected were Charles Ponstein as vice chairman and Jack Jensen Jr. as secretary-treasurer. Louisiana Gov. John Bel Edwards appointed Langenstein — a tax, corporate and transaction attorney at Chaffe McCall LLP — to the… Read More
Brooklyn, New York, N.Y., based American Ship Repair has signed an agreement to represent Hamworthy Pumps in the United States. ASR, which has 70 years of experience in technical solutions and products, will provide sales and life cycle support for the entire range of Hamworthy Pumps product and solutions line. Singapore-based Hamworthy Pumps is a… Read More
All American Marine owner Matt Mullett has completed the private sale of the Bellingham, Wash.-based aluminum vessel specialist to family-owned Bryton Marine Group, whose member companies include Brix Marine, EagleCraft, Duckworth, KingFisher, Northwest and Weldcraft boats. All American’s state-of-the-art shipyard builds highly specialized vessels including high-speed catamarans, monohull cruise boats, research vessels and passenger ferries…. Read More
Chet Plotner – Appointed as President at Splash Rentals Frederick Wong Jr. – Has been named as one of the Jacksonville Business Journal’s Transportation Innovators Keith Churchill – Appointed as Chief Innovation Officer at Bechtel Corporation Kristen Keene – Promoted to Chief, DMMP Strategy & Partnerships at Maryland Port Administration Matthew Benbow – Appointed as… Read More
Seattle, Wash., headquartered Centerline Logistics, a leading national provider of marine petroleum transportation services, has formed an Alternative Fuels Working Group. The group consists of industry partners and internal representatives from within Centerline and will spearhead a cooperative project that will be known as “Visionary Fuels.” Initially its primary focus will be LNG but ammonia… Read More
(CHESAPEAKE, Va.) – March 24, 2021 – Visitors to Volvo Penta’s booth at the 2021 Palm Beach International Boat Show will have an opportunity to “test drive” the new Assisted Docking system using a virtual reality (VR) simulator and to learn about the company’s full range of propulsion solutions that are aimed at creating an… Read More
The Hampton Roads Alliance will assess the offshore wind supply chain for the Hampton Roads region, Virginia. This study will establish offshore wind plants and the critical opportunities for the expansion of renewable energy projects. Xodus Group, an energy consultancy firm based in Aberdeen, United Kingdom, will help Hampton Roads Alliance on this project in… Read More
International Association of Ports and Harbors (IAPH) says Mr. Kurt Beckett of Seattle, WA, USA, is a new Associate member (Class E). He is not new to the industry and to the IAPH, as he worked for the Port of Seattle and the Northwest Seaport Alliance in the recent past. Maritime Policy Bureau (MPB) is… Read More
Marine services expert Tile Marine will offer KVH Watch connectivity to enable remote monitoring and troubleshooting MIDDLETOWN, R.I., March 22, 2021 (GLOBE NEWSWIRE) — KVH Industries, Inc., (Nasdaq: KVHI), announced today that Tile Marine, a leading marine services company in India and the Middle East, is now a KVH Watch® Solution Partner and will offer… Read More
Combined Organization to Focus on Water Infrastructure and Other Marine Related Projects Charlotte, North Carolina, March 22, 2021 (GLOBE NEWSWIRE) — United Infrastructure Holdings, Inc., a Mid-Atlantic based independent sponsor holding company, has completed its first acquisition of a leading provider of commercial waterfront structure and marine construction services. United Infrastructure Holdings specializes in solving… Read More
A family-owned construction company based in Odessa, Ontario plans to introduce twice-weekly ship transportation service between Eastern Canada’s Port of Halifax and ports located along the Upper St. Lawrence River and Lower Great Lakes. The newly-founded Doornekamp Lines intends to carry containers, project freight and breakbulk cargo. Introduction The introduction of larger container ships on the… Read More