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Austal Limited confirmed the retirement of its founder and inaugural chairman, John Rothwell. The Australian shipbuilder and defense prime contractor also announced Wednesday that former U.S. Secretary of the Navy Richard Spencer would be the new company chairman beginning July 1. He will also sit on the board of the company’s U.S. subsidiary. Rothwell said the company set the criteria for… Read More
The Port of Everett has hired Monique Liard as its new Chief Administrative & Financial Officer. This role manages the Port’s $83 million operating and capital budget, while also overseeing all financial, risk management, purchasing, and information technology functions of the Port. The CAFO position works to advance Port priorities across all business lines and… Read More
Section 101. Continuing Authorities Programs Establishes a pilot program where non-federal interests can propose delivering a project under an “alternative delivery method” using the same cost share or (a) more than the federal share, (b) allowing the use of return on investment as an alternative to a BCR test, or (c) allow the use of… Read More
Anchor QEA’s very own Walter Dinicola, P.E. is the recipient of the 2024 Western Dredging Association (WEDA) Dredger of the Year Award! WEDA’s Dredger of the Year Award honors visionaries who substantially elevate the dredging community. As our national leader in Ports and Waterfront with three decades of experience, Walt stands out not only as… Read More
MIAMI — Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) announced financial results for the second quarter 2024 and provided an updated outlook for the full year and an outlook for third quarter 2024. Second quarter net income improved by nearly $500 million compared to 2023 and adjusted net income outperformed March guidance by nearly $170 million (see “Non-GAAP Financial Measures”… Read More
NEW YORK — First Citizens Bank today announced that its Maritime Finance business provided a senior secured loan of $22 million to Euroseas Ltd. for the financing for a newbuild 2,800 TEU Eco containership. Formed in 2005, Euroseas (Nasdaq: ESEA) is an owner and operator of container carrier vessels and provider of seaborne transportation for containerized cargoes. The company has… Read More
South Korean shipbuilder looks to claim stake to Jones Act and US government shipbuilding market with US$100M shipyard acquisition South Korea’s Hanwha Systems and Hanwha Ocean are taking a leap into the US Jones Act market, with a US$100M acquisition of American shipbuilder Philly Shipyard (PSI). A publicly traded shipbuilder controlled by Norway’s Aker ASA,… Read More
As part of its commitment to lifting the standards of proactivity and responsibility, APM terminals provides the learning and development opportunities that help its employees reach career potential they may never have thought possible. According to the company’s Global Head of People Function, Sander Hubbers, APM Terminals actively encourages conscious career choices. “The single most… Read More
D’Amico International Shipping CEO Carlos Balestra di Mottola joined Steve Darling from Proactive from our OTC studio in New York City to discuss the company’s operations and future strategies. Specializing in product tankers that primarily transport refined petroleum products, D’Amico International Shipping currently operates a fleet of 33 vessels, with plans to expand to 34 by… Read More
Texas-based U.S. Logistics Solutions has filed for bankruptcy liquidation, stating that its lender pulled the plug on its funding, which forced the company to shutter operations Thursday and left a disputed number of truck drivers, dock and warehouse workers, and sales and office personnel without jobs. In a statement to FreightWaves Tuesday, a spokesperson for Ten… Read More
BATON ROUGE, La. – Today, the Coastal Protection and Restoration Authority Board (CPRA) presented the R. King Milling Distinguished Coastal Service Award to Reggie Dupre, Executive Director of the Terrebonne Levee and Conservation District (TLCD). The award was established in 2022 to honor individuals or organizations epitomizing Milling’s unwavering support for the state’s coastal program…. Read More
By harnessing wind power, high-tech sails can help cut marine pollution Excerpt from article in The Economist: A return to sail has been heralded before as a way to cut pollution. It has led, in recent years, to renewed interest in Flettner rotors as well as other wind technologies, including rigid sails, giant kites and… Read More
Partnership with Mississippi Gulf Coast Community College, South Mississippi Planning & Development District and AccelerateMS will hire and train the next generation of Gulf Coast shipbuilders Pascagoula, MS. – This week, Bollinger Shipyards (“Bollinger”) kicked off the inaugural Shipfitter Bootcamp, an innovative workforce development initiative alongside Mississippi Gulf Coast Community College (MGCCC), the South Mississippi Planning &… Read More
In its 17th year, the Everywoman Award celebrates the remarkable contributions women make to the transport and logistics sector, highlighting their progression, achievements, and the expanding opportunities within this traditionally male-dominated industry. With women representing just 21% of a workforce that numbers over 1.5 million and contributed £214 billion to the UK economy in 2020,… Read More
Massachusetts Port Authority Port Director Joseph Morris will be taking the helm at Port Everglades in mid-July. Morris was confirmed by the Broward County Commission following a national search. He succeeds Jonathan Daniels, who took the top job at the Port of Baltimore in February. Morris has been with Massport four years, the first two as… Read More