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Today, the U.S. Department of Transportation’s Maritime Administration (MARAD) announced over $47 million to fund a port improvement project in Baltimore, Maryland under the Port Infrastructure Development Program (PIDP). As part of President Biden’s Investing in America agenda – a key pillar of Bidenomics – this funding will help grow capacity and increase efficiency at… Read More
On October 11th, Rear Admiral (RADM) Charles E. Fosse visited Birdon’s Bellingham, WA facility for a tour of the manufacturing area and a briefing by team leaders on the progress of the 47’ Motor Lifeboat (MLB) Service Life Extension Project (SLEP). RADM Fosse, who recently took command of the U.S. Coast Guard’s (USCG) 13th District, is… Read More
Following decisions of its Board of Directors, Ørsted will cease development of the Ocean Wind 1 and 2 projects and has taken final investment decision on the Revolution Wind project. The decisions are part of an ongoing review of Ørsted’s US offshore wind portfolio. Impairment update On 29 August 2023, Ørsted announced anticipated impairments on… Read More
GLDD is proud to announce the hiring of Dick Balzano as VP, Government Relations. Balzano will be based in Washington DC and will initially focus on offshore wind and maritime issues for the company. His hiring will be effective 1 November. Lasse Petterson CEO for GLDD said “Dick brings a lot of experience and credibility… 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 company’s commitment to cultivating an empowering and engaging workplace for women. With more than 7,000 employees globally, Crowley emphasizes empowering women through a range of initiatives. These include… Read More
Great Lakes Dredge & Dock Corporation (NASDAQ: GLDD) today announced that it will release the financial results for its three and nine months ended September 30, 2023 on Tuesday, November 7, 2023 at 7:00 a.m. C.S.T. A conference call with the Company will be held the same day at 9:00 a.m. C.S.T. Investors and analysts… Read More
Today, Ørsted’s Board of Directors approved the interim report for the first nine months of 2023. Operating profit (EBITDA) for the first nine months amounted to DKK 19.4 billion. Excluding new partnerships, EBITDA amounted to DKK 15.4 billion, DKK 1.0 billion higher than in the same period last year. Earnings from offshore sites amounted to… Read More
Following decisions of its Board of Directors, Ørsted will cease development of the Ocean Wind 1 and 2 projects and has taken final investment decision on the Revolution Wind project. The decisions are part of an ongoing review of Ørsted’s US offshore wind portfolio. Impairment update On 29 August 2023, Ørsted announced anticipated impairments on… Read More
UK announces support for moratorium on granting of exploitation licences for deep sea mining by the International Seabed Authority. The UK government has today announced its support for measures designed to protect the world’s ocean and improve the conservation of marine biodiversity. Ahead of International Seabed Authority (ISA) negotiations starting today, and a month ahead… Read More
Mercury Marine president John Buelow grew up boating on the lakes of northern Wisconsin, the company’s home state, fishing and water skiing with his family. Next May, he’ll mark 20 years with Mercury. “Being from Wisconsin, it’s a dream come true to be part of Mercury, and now, to have the opportunity to lead it,… Read More
Ports America has announced Rob Kusicielas as its new Chief Commercial Officer (CCO). Kusicielas will be in charge of all commercial operations and strategy for the firm, including overseeing sales, marketing, and business development teams and exploring new market possibilities. Kusicielas joins Ports America from Cargomatic, where he spent over 20 years supervising the planning,… Read More
Fairbanks Morse Defense (FMD), a portfolio company of Arcline Investment Management (Arcline), has acquired American Fan, a leader in axial and centrifugal fan technology. Located in Fairfield, Ohio, American Fan’s breakthroughs in aerodynamics, acoustics, vibration control, and motor performance over the past 50 years position the company as a trusted maritime defense supplier and an essential addition for… Read More
Crowley has named offshore wind veteran Christy Guthman as vice president of business development for its Wind Services business as the company grows in the clean, sustainable energy sector. Guthman most recently served as executive general manager of sales and commercial operations for GE Offshore Wind. During her tenure there, she built the company’s North American sales, marketing and… Read More
Callan Marine Ltd., Galveston, Texas, was awarded a $34,605,893 modification (P00010) to contract W912HY-20-C-0009 to construct a redesigned revetment. Work will be performed in Corpus Christi, Texas, with an estimated completion date of Feb. 24, 2025. Fiscal 2023 non-federal Port of Corpus Christi funds; and fiscal 2020 and 2023 civil construction funds in the amount… Read More
Ports America, the nation’s largest marine terminal operator and stevedore, recently appointed Rob Kusiciel as its new Chief Commercial Officer. In this role, Rob will oversee all aspects of the company’s commercial operations and strategy including leading sales, marketing, and business development teams, and identifying new market opportunities. Rob joins Ports America from Cargomatic and… Read More