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First Citizens Bank today announced that its Maritime Finance group, part of the CIT division, has successfully completed the acquisition of $123 million of Greek shipping loans, sharply increasing the bank’s maritime financings for clients in Greece. The loan portfolio, which was acquired from HSBC Bank Plc, covers 11 financings involving 14 vessels and eight clients in one of the world’s largest… Read More
James Starace joined HNTB as vice president and project director. Based in Newark, Starace will focus on helping the firm’s clients in New Jersey deliver its largest and most challenging transportation projects. HNTB is an employee-owned infrastructure firm serving public and private owners and contractors. It addresses clients’ most complex technical, financial and operational challenges. Professionals nationwide… Read More
Manhattan Road & Bridge Co., a subsidiary of Manhattan Construction Group, has acquired assets and select project contracts of Jensen Construction Co. (South Division). Jensen specializes in overwater bridge construction and is the oldest operating subsidiary of The Rasmussen Group of Des Moines, Iowa. The acquisition includes a marine fleet of more than 52,000 square feet… Read More
Lt. Col. Robert W. Green took command of the U.S. Army Corps of Engineers Nashville District today during a change of command ceremony at the Tennessee National Guard Armory. He becomes the 68th commander of the “twin rivers” district, commonly referred to as the jewel of the Great Lakes and Ohio River Division. Green comes… Read More
NASHVILLE, Tenn. (June 16, 2023) – Lt. Col. Robert W. Green took command of the U.S. Army Corps of Engineers Nashville District today during a change of command ceremony at the Tennessee National Guard Armory. He becomes the 68th commander of the “twin rivers” district, commonly referred to as the jewel of the Great Lakes… Read More
GLDD congratulates our clients the City of Boca Raton, City of Deerfield Beach, and Town of Hillsboro Beach, Florida, recipients of the 2023 ASBPA Best Restored Beaches Award! We are proud of our crews’ work with the large class cutter suction dredge “Alaska” on this project to safely restore and maintain the beaches south of… Read More
Crowley has released its second annual sustainability report today, which details progress toward its sustainability goals in 2022 and previews continued efforts for 2023 and beyond. The report demonstrates how Crowley has accelerated the integration of sustainability throughout its business, which includes advancing its decarbonization strategy, evolving Diversity, Equity and Inclusion (DE&I) goals and establishing… Read More
Ports America, the largest marine terminal operator and stevedore in the United States, recently announced the appointment of Matthew Hoag as the new Executive Vice President and Chief Operating Officer. In addition to this role, he will also have direct responsibility over Pacific and Gulf operations. Matt has over 25 years serving in various senior… Read More
German ocean carrier, Hapag-Lloyd, has announced an update on its Atlantic Loop 5 (AL5) service. The AL5 service connects North European ports to North American regions. It will now also include a weekly eastbound stop at the Port of Saint John, Canada. The AL5 service port rotation will be as follows: Southampton – Le Havre… Read More
The Port of New Orleans (Port NOLA) welcomed maritime industry veteran Matthew Wypyski to the executive team as Chief Operating Officer (COO). Wypyski’s leadership experience includes 32 years as a senior operating and general management executive leading port authority staff, marine terminal and stevedore operating companies, as well as liner operations. “Matthew Wypyski brings invaluable… Read More
Maritime Partners, LLC (“Maritime Partners”), a leading provider of maritime financing solutions primarily focused on Jones Act vessels, has announced the successful completion of the inaugural capital markets issuance of vessel asset-backed securities (“ABS”) by MP 2023 LLC, its controlled affiliate. This transaction was the first ABS issuance composed entirely of inland marine vessels. MP… Read More
Louisiana Workers’ Compensation Corporation (LWCC) has named DSC Dredge as one of its Safest 70 policyholders for 2022. The Safest 70 Awards celebrate companies that prioritize workplace safety and lead the way in employee health and wellness. At LWCC, they are Louisiana loyal with a mission to better Louisiana one business and one worker at… Read More
Great Lakes Dredge & Dock Corporation (“Great Lakes” or the “Company”) (NASDAQ: GLDD), the largest provider of dredging services in the United States, announced today that Scott Kornblau, Senior Vice President, Chief Financial Officer and Treasurer will be presenting and hosting one-on-one meetings with investors at the Sidoti June Virtual Investor Conference, taking place on June 14-15,… Read More
DSC Dredge welcomes Garrett Lavin to the DSC Dredge Engineering team! Garrett will be interning with us, bringing his passion for computer engineering and a fresh perspective to our innovative projects. Garrett is currently studying at LSU, pursuing his major in Computer Engineering and Science while also studying Robotics and Mathematics. As he joins our… Read More
Imagine Earth’s surface is like a stack of pancakes. The pancakes, or layers of soil and rocks, may appear fairly evenly stacked and fluffy. Over time though, the stack can become compressed, thinner and shorter. Scientists observe this downward motion of land, called land subsidence, across the planet. While some regions of land experience uplift,… Read More