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New York-based private energy and infrastructure development company Glenfarne Group confirmed it stands behind the acquisition of the Magnolia LNG project in Louisiana. Glenfarne noted the acquisition of the project was completed through its newly formed unit Magnolia LNG Holdings. Magnolia LNG is an 8 million tonnes per annum (mtpa) LNG export project that has… Read More
Selects Port Executive Director, State Highway Administrator ANNAPOLIS, MD—Governor Larry Hogan today announced the appointment of new leaders at the Maryland Department of Transportation Maryland Port Administration (MDOT MPA) and State Highway Administration (MDOT SHA). Transportation Secretary Greg Slater appointed William P. Doyle, a former United States Federal Maritime Commissioner, to lead the Port of… Read More
HOUSTON–(BUSINESS WIRE)–Jun. 8, 2020– Orion Group Holdings, Inc. (NYSE: ORN) (the “Company”) a leading specialty construction company, today announced it has entered into an amendment to its existing credit agreement with Regions Bank and other lenders, providing for a new $20 million revolving credit facility to supplement its existing $50 million revolver. The new revolver… Read More
Huntington Ingalls Industries’ (NYSE: HII) Ingalls Shipbuilding division moved destroyer Delbert D. Black (DDG 119) to Pier Four on the east bank of the Pascagoula River today, signifying the reopening of a facility hit hard by Hurricane Katrina in 2005. The newly reactivated, 187-acre east bank features covered construction areas to improve safety and optimize… Read More
Houston-headquartered SEACOR Marine Holdings Inc. (NYSE: SMHI) reports that it has entered into a definitive sale and purchase agreement to acquire the remaining 50% of the equity interests in SEACOSCO Offshore LLC, its joint venture with China’s COSCO Shipping Group. As a result of the purchase, SEACOR Marine will own 100% of SEACOSCO, consolidating its… Read More
Marine robotics company Ocean Infinity has appointed DebraAnn Braun as chief information officer. Specifically, Braun will lead the digital aspects of the business including delivery of high-quality data to clients. She has led many technology companies through change and growth by optimising the use of Big Data to provide solutions. Ocean Infinity said that Braun… Read More
Today, Mike Hooks, LLC of West Lake, Louisiana announced it will be building a new state-of-the-art cutter suction dredge. Originally founded in 1945 by Mike and Lorraine Hooks, the company is now entering its fourth generation of family ownership and remains dedicated to its mission of enabling economic growth through safe and sustainable dredging, marine… Read More
Nordic infrastructure fund Infranode is preparing an investment of up to kr. 1 billion (circa €134 million) for new infrastructure facilities at the Danish port of Esbjerg which will be used for the offshore wind industry. The investment will go into port facilities for storage, preassembly and manufacturing of components for offshore wind turbines. “This… Read More
Acquisition of specialist underwriter creates new ‘centre of excellence’ for renewable energy insurance, with extensive geographic reach and service offering LONDON, June 01, 2020 (GLOBE NEWSWIRE) — Tokio Marine HCC today announced it has completed the previously announced acquisition of specialist renewable energy underwriter, GCube. The acquisition will create a new ‘centre of excellence’ in… Read More
Acquisition of specialist underwriter creates new ‘centre of excellence’ for renewable energy insurance, with extensive geographic reach and service offering LONDON, June 01, 2020 (GLOBE NEWSWIRE) — Tokio Marine HCC today announced it has completed the previously announced acquisition of specialist renewable energy underwriter, GCube. The acquisition will create a new ‘centre of excellence’ in… Read More
Subsea 7 has issued further details of its workforce and fleet reduction initiative announced earlier this year. Namely, the offshore engineering firm predicts overall workforce reduction of approximately 3,000 by the end of the second quarter 2021. Subsea 7 also said that two-thirds of the reduction would affect the non-permanent workforce. Discussions with employee representatives… Read More
Subsea 7 has issued further details of its workforce and fleet reduction initiative announced earlier this year. Namely, the offshore engineering firm predicts overall workforce reduction of approximately 3,000 by the end of the second quarter 2021. Subsea 7 also said that two-thirds of the reduction would affect the non-permanent workforce. Discussions with employee representatives… Read More
SEATTLE–(BUSINESS WIRE)–Expeditors International of Washington, Inc. (NASDAQ: EXPD) a leading provider of global logistics solutions, announced today that it has acquired Fleet Logistics’ Digital Platform. The purchase will support Expeditors’ online LTL shipping platform, Koho (gokoho.com), and aligns with Expeditors’ strategy and focus on Digital Solutions. Terms of the agreement were not disclosed. “As we… Read More
SEATTLE–(BUSINESS WIRE)–Expeditors International of Washington, Inc. (NASDAQ: EXPD) a leading provider of global logistics solutions, announced today that it has acquired Fleet Logistics’ Digital Platform. The purchase will support Expeditors’ online LTL shipping platform, Koho (gokoho.com), and aligns with Expeditors’ strategy and focus on Digital Solutions. Terms of the agreement were not disclosed. “As we… Read More
NEW YORK–(BUSINESS WIRE)–Nautilus Data Technologies, Inc. announces the closing of a multi-draw, senior secured debt facility with Orion Energy Partners, L.P. for the commissioning of a 6.0MW colocation data center located in Stockton, California (“Stockton I”) and construction of additional data center projects in the Nautilus pipeline. Nautilus is a provider of highly efficient data… Read More