Australian shipbuilder Austal Limited (ASX: ASB) has challenged South Korean defense giant Hanwha Group’s announcement regarding U.S. regulatory approval for increased ownership, creating uncertainty around the potential acquisition. In a statement released Tuesday, Austal revealed that while Hanwha claims to have received approval from the Committee on Foreign Investment in the United States (CFIUS) to increase its… Read More
Be sure to see our lead story number 6, below, wherein Austal disputes key facts in this lead story Hanwha Group has received clearance from the Committee on Foreign Investment in the United States (CFIUS) to increase its shareholding in Australian shipbuilder Austal Limited up to 100%, marking a significant milestone in the South Korean… Read More
HOUSTON, June 10, 2025 (GLOBE NEWSWIRE) — Orion Group Holdings, Inc. (NYSE: ORN) (“Orion” or the “Company”), a leading specialty construction company, today announced that Scott Thanisch, Executive Vice President, Chief Financial Officer and Treasurer, will depart the Company to pursue another opportunity. Alison Vasquez, a seasoned leader with deep financial leadership experience, will join Orion as the Company’s Executive Vice… Read More
The Office of the United States Trade Representative (USTR) has opened a public comment period regarding proposed modifications to its Section 301 trade actions targeting China’s maritime sector dominance. The modifications, announced on June 6, 2025, focus on changes to vessel fee structures and LNG export licensing requirements. The proposed changes come as part of… Read More
As trade conditions shift and peak season picks up, many of you are adjusting sourcing, routing, and inventory strategies to manage changing volumes, capacity limits, and tariff-related pressures. We’ve gathered the latest updates from our teams across ocean, inland, customs, warehousing, LCL, ground freight, and cold chain to help you plan with more clarity and… Read More
The Port of Long Beach has promoted Suzanne Plezia, P.E., to Managing Director of Engineering Services to succeed Sean Gamette, P.E., who earlier this spring announced his retirement. Plezia has been the Port’s Senior Director of the Engineering Services Bureau and Chief Harbor Engineer since April 2017. Plezia will lead the Port’s Engineering Bureau, which… Read More
Richard Fain will be stepping down as Royal Caribbean Group chair in Q4, remaining as a director, and CEO Jason Liberty adds the chair role. Fain, a visionary leader who’s not only propelled Royal Caribbean but helped shape the modern cruise industry, has chaired the Royal Caribbean board since 1988. John Brock new independent lead director Additionally, John Brock, a… Read More
Today is the anniversary of the Jones Act! This law is the foundation of Florida’s domestic maritime industry, supporting 66,000 jobs in the state with an economic impact of $14.6 billion. – The Jones Act ensures a strong and vibrant maritime industry, which helps ensure the United States maintains its expertise in shipbuilding and waterborne… Read More
If you have time, don’t miss the 10 minute History Channel video about the engineering behind the construction of the canal and how leadership made the difference between failure and success. (Video Link available at bottom of article where it says, “Source”.) Background The Panama Canal is a 51-mile-long waterway across the Isthmus of Panama… Read More
Heidelberg Materials North America acquires certain assets of Concrete Crushers Inc. (CCI), the largest concrete recycler in Calgary, Alberta. Irving, Texas, June 03, 2025 (GLOBE NEWSWIRE) — Heidelberg Materials North America announced today that it has acquired certain assets of Concrete Crushers Inc. (CCI), the largest concrete recycler in Calgary, Alberta. The transaction includes a… Read More
The Corps Work Plan for the current fiscal year (FY25) provides absolutely no funding to place sand on any existing or new projects, a fact that hasn’t occurred in the 29 years we’ve been tracking appropriations. The Work Plan is produced by the Corps with the approval of the Trump White House staff. While the… Read More
We’re proud to share that the East River development—home of our soon-to-open Headquarters—was named the Mixed-Use Winner at the 2024 Houston Business Journal Landmark Awards! 🏆🔷 This award recognizes projects that make a significant impact on Houston’s landscape, and East River is certainly one of them. We contributed to this transformative development by providing the… Read More
NEW YORK — A ship carrying about 3,000 cars to Mexico has been abandoned in the middle of the Pacific Ocean after catching fire on Tuesday. Smoke was first seen coming from a deck carrying some of the 800 electric vehicles on board, the ship’s manager Zodiac Maritime said in a statement. The crew initiated… Read More
Based on current forecasts, Arc Surveying & Mapping, Inc. of Jacksonville, Florida anticipates an increase of emergency hydrographic and topographic surveys during the 2025 Hurricane Season. 75% of our clients throughout the Southeastern US and Caribbean, maintain nearshore and offshore structures and are responsible for safe navigation in debris free channels and ports. Arc’s dredging… Read More
VANCOUVER, British Columbia, June 03, 2025 (GLOBE NEWSWIRE) — DP World, a global leader in supply chain solutions, has been awarded the 2024 Blue Circle Award by the Vancouver Fraser Port Authority (VFPA) for its participation in the Energy Action Program. The award underscores the company’s strong commitment to energy efficiency and environmental stewardship at its Vancouver and… Read More