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On November 25, 2024, President Joe Biden signed into law the Bolstering Ecosystems Against Coastal Harm Act (BEACH Act). This bipartisan legislation reauthorizes and makes the most significant changes to the Coastal Barrier Resources Act (CBRA) since 1990. The BEACH Act advances the Service’s long-standing efforts to modernize the maps and bolsters the resilience of… Read More
At its Annual Meeting this fall, the GLC passed resolutions calling for reauthorization of the Great Lakes Restoration Initiative and stronger protections against the introduction of invasive species. The meeting featured remarks from representatives of U.S. EPA Regions 2 and 5, U.S. Sen. Kirsten Gillibrand, and Rochester Mayor Malik Evans. Great Lakes Commissioners also heard from expert panels… Read More
Eastern Shipbuilding Group (ESG) reached an exciting milestone today, initiating steel cutting for the first of four advanced escort tugs for Saltchuk Marine at its Allanton Facility. Attending the ceremony were key members of Saltchuk’s leadership team. These high-performance vessels are scheduled for delivery in 2026. “Our team is excited to begin construction on these… Read More
Chantier Davie Canada this week signed an agreement with Construction Dinamo, a Québec construction company, to deliver construction and supervision services for key sub-projects within a major upgrade of Davie’s Lévis shipyard. The contract is related to Davie’s recent decision to modify its construction strategy to better meet National Shipbuilding Strategy (NSS) requirements and respond… Read More
Joe Gorman, Vice President for Europe at ChargePoint, discusses electrification as a long-term, low-cost solution in the logistics industry The logistics industry is facing mounting pressure to cut costs and meet sustainability goals, making electrification an essential strategy for fleet operators. Well placed to advocate for electrification as a long-term solution is Joe Gorman, Vice President… Read More
PASCAGOULA, Miss., Dec. 10, 2024 (GLOBE NEWSWIRE) — HII (NYSE: HII) announced today that Jennifer Childs has been named vice president of quality and engineering of the company’s Ingalls Shipbuilding division, effective Jan. 6, 2025. She succeeds Brian Blanchette, incoming vice president of HII and president of Ingalls Shipbuilding. Childs, a former Navy surface warfare… Read More
The Chamber of Shipping of America (CSA) recently honored 101 Crowley-operated vessels and their crews with Environmental Achievement Awards, recognizing the company and its people for its safe environmental operations. The CSA’s award honors vessels that maintain an exemplary safety record, free from reportable spills, U.S. Coast Guard environmental citations or other pollution incidents. The… Read More
Crowley has been recognized as a Top Company for Women to Work For in Transportation by Women in Trucking Association’s official magazine, Redefining the Road, for the fourth consecutive year. This recognition underscores Crowley’s sustained commitment to fostering an inclusive workplace that empowers team members by offering competitive compensation and benefits and emphasizing professional development… Read More
Global Market Trends Global economic activity maintains momentum, with 2024 growth projected at 2.7%. In the U.S., we expect a 2.7% increase, driven by strong consumer spending, although a rising savings rate could impact this. Europe faces volatile inflation and geopolitical tensions, keeping Euro-area growth at 0.7%, despite a Q3 retail sales rebound. Germany narrowly… Read More
Vulcan Materials Company (NYSE: VMC), the nation’s largest producer of construction aggregates, today announced that it has entered into a definitive agreement to acquire Superior Ready Mix Concrete, L.P. This value-enhancing acquisition will add six aggregates operations with more than 50 years of quality aggregates reserves to Vulcan’s California franchise. California ranks as the most populous state in… Read More
HOUSTON, Dec. 9, 2024 /PRNewswire/ — McDermott International, Ltd (McDermott) today announced it has completed the sale of its CB&I storage business (CB&I) to a consortium of financial investors led by Mason Capital Management. Under the terms of the agreement announced October 7, 2024, McDermott will receive $475 million of proceeds before taxes and transaction expenses. “This transaction… Read More
THE WOODLANDS, Texas, Dec. 9, 2024 /PRNewswire/ — CB&I, the world’s foremost designer and builder of storage facilities, tanks and terminals for energy and industrial markets, today announced the completion of its acquisition by a consortium of financial investors led by Mason Capital Management LLC (“Mason”) in partnership with IES Holdings, Inc. (Nasdaq: IESC), Nut Tree Capital Management,… Read More
Konya Silica has officially completed the acquisition of Southern Ohio Sands and Beaver Pike Enterprises, marking a significant step in its strategy to become a leading supplier of premium silica products in the industrial and energy sectors. This acquisition, effective immediately, will allow Konya Silica to better serve markets across Ohio, West Virginia, Pennsylvania, New… Read More
PASCAGOULA, Miss., Dec. 10, 2024 (GLOBE NEWSWIRE) — HII (NYSE: HII) announced today that Jennifer Childs has been named vice president of quality and engineering of the company’s Ingalls Shipbuilding division, effective Jan. 6, 2025. She succeeds Brian Blanchette, incoming vice president of HII and president of Ingalls Shipbuilding. Childs, a former Navy surface warfare… Read More
Mobile, Ala. (December 6, 2024) – Silver Ships has been named a Best Companies to Work for in Alabama. 2024 marks the first year Silver Ships has participated in the Best Companies program. In total, 35 Alabama companies were honored. Silver Ships is recognized in the small to medium category (15-299 employees). This annual program was created to… Read More