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Quantix SCS (“Quantix”), a portfolio company of Wind Point Partners (“Wind Point”) and North America’s leading supply chain services company to the chemical industry, announced today it has acquired CLX Logistics (“CLX” or the “Company”). CLX has a 25+ year history of providing transportation management systems, managed services, supply chain consulting, brokerage, liquid bulk 3PL, intermodal, rail, international services… Read More
Managed transportation provider Sheer Logistics announced Tuesday it has acquired freight brokerage CargoBarn. The strategic move enhances Sheer Logistics’ brokerage services, diversifying the type of freight in its portfolio. The acquisition aims to strengthen the company’s ability to handle future cyclical market shifts. Terms of the acquisition were not disclosed. “We see this as a… Read More
Eastern Shipbuilding Group, Inc (ESG) is pleased to announce its strategic partnership with Royal IHC to design and construct a highly automated medium-class hopper dredge for the U.S. Army Corps of Engineers (USACE). This state-of-the-art vessel, contracted for the Department of Defense, is slated for delivery in 2027. The dredge will be constructed at ESG’s Allanton… Read More
Luhr Crosby Inc., Columbia, Illinois, was awarded a $10,002,096 firm-fixed-price contract for dredging. Bids were solicited via the internet with one received. Work will be performed in Cairo, Illinois, with an estimated completion date of Dec. 31, 2024. Fiscal 2010 civil operation and maintenance funds in the amount of $10,002,096 were obligated at the time… Read More
HOUSTON, April 2, 2024 /PRNewswire/ — McDermott today announced Maurizio Coratella as Executive Vice President and Chief Operating Officer effective May 1, 2024. In his new role, Coratella will apply his more than three decades of industry leadership and engineering and construction expertise to continue the momentum established by the company’s growing backlog and expanding energy transition practice…. Read More
The Atlantic Intracoastal Waterway (AIWW) extends over 1,100 miles from Norfolk, Virginia to Miami, Florida. Some lengths consist of natural inlets, saltwater rivers, bays, and sounds while others are man-made canals. Congress authorized the creation of the AIWW in 1919 with construction of the entire waterway completed in 1940. Current estimates are that unmet maintenance… Read More
Equinor has announced a landmark project labor agreement (PLA) with the Building & Construction Trades Council of Greater New York and Vicinity (BCTC) for the construction of the South Brooklyn Marine Terminal (SBMT). The rejuvenated SBMT is set to be a pivotal component in the development of Equinor’s Empire Wind offshore wind project, serving as both a… Read More
BlackSea Technologies, a leader in defense technology solutions, announced it has acquired Blue Tide Marine. BlackSea Technologies is a portfolio company of Razors Edge Ventures, a Reston, VA growth equity firm with extensive experience in the national security sector. The acquisition is a key development in strengthening support for maritime operations, particularly focusing on the critical… Read More
Dominion Energy announced Feb. 22 it had reached an agreement with investment firm Stonepeak to sell a 50% noncontrolling stake in the utility’s Coastal Virginia Offshore Wind project for nearly $3 billion. The deal is expected to close by the end of 2024, if approved by the Virginia State Corporation Commission and the North Carolina… Read More
McDermott International, Ltd (“McDermott” or the “Company”) today announced that it has completed the transactions contemplated by the Transaction Support Agreement (“TSA”), including the successful conclusion of the interrelated Dutch and UK legal processes that support the TSA, full resolution of the Reficar arbitration award related liabilities, and the amendment and extension of McDermott’s letter… Read More
Coast Guard Authorization Bill Passes Committee, Advances to House Floor. The House Transportation and Infrastructure Committee reported out H.R. 7659, the Coast Guard Authorization Act of 2024, by a bipartisan vote on March 20. Included in the bill was language giving Coast Guard OCMIs flexibility to issue Certificates of Inspection for reduced engine room manning aboard… Read More
The Monmouth University Urban Coast Institute (UCI) recently presented State, Coastal and Ocean Leadership awards to four individuals who have worked for several years to assure both safety and accessibility on state waterways and the protections and restoration of critical coastal habitats, parks and refuges. UCI Director Tony MacDonald honored the recipients at a March… Read More
The U.S. Army Corps of Engineers Nashville District welcomed Craig Carrington as the new deputy district engineer March 26 during an Assumption of Responsibility Ceremony at the Nashville Public Library in Nashville, Tennessee. The deputy district engineer serves as the senior civilian in the organization and is responsible for directing water resource, navigation and regulatory… Read More
Sunrise Wind today received its Record of Decision (RoD) from the US Department of the Interior’s Bureau of Ocean Energy Management (BOEM), crossing a critical milestone in the federal environmental review process for the offshore wind project serving New York. Additionally, Ørsted and Eversource today announced they have jointly taken a final investment decision on… Read More