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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
Weeks Marine selects Arc Surveying & Mapping to provide hydrographic and geophysical surveying services after winning $62 million Alabama Harbor Deepening & Widening Dredging Project. Weeks Marine Inc., Covington, Louisiana, has contracted with Arc Surveying & Mapping, Inc. of Jacksonville, Florida to provide hydrographic and geophysical surveying services after the awarded of a $62,055,622 ACOE… Read More
Baltimore’s Francis Scott Key Bridge World Lens by WTCI Listen on Apple Podcasts: https://podcasts.apple.com/us/podcast/baltimores-francis-scott-key-bridge/id1731053560?i=1000650707030 For more reporting about the impact of the bridge collapse on American supply chain and logistics, see this Washington Post article: The collapse of the Francis Scott Key Bridge in Baltimore on Tuesday cut off access to much of the city’s port… Read More
BALTIMORE — U.S. Army Corps of Engineers (USACE), Baltimore District has activated its Emergency Operations Center, clearing the way for more than 1,100 engineering, construction, contracting and operations specialists to provide support to local, state and federal agencies following the collapse of the Francis Scott Key Bridge, March 26, 2024. In accordance with USACE’s federal authorities,… Read More
Selection will help advance Ørsted’s e-methanol facility in Texas, decarbonize hard-to-electrify maritime sector, and create U.S. clean energy jobs in new industry HOUSTON – March 25, 2024 – Ørsted, a leading U.S. clean energy developer, announced today it has been selected by the Department of Energy (DOE) Office of Clean Energy Demonstrations to begin award… Read More
HOUSTON–(BUSINESS WIRE)–On Friday, March 22, 2024, Houston Mayor John Whitmire administered the oath of office to Thomas Jones, Jr., to serve a two-year term as a Port Commissioner of the Port of Houston Authority. Commissioner Jones will attend his first Port Commission meeting in this capacity on Tuesday, March 26. “Port Houston is the busiest… Read More
Hapag-Lloyd’s annual report for 2023 and financial results for Q4 reveal exactly how challenging the ocean container market has been for the largest steamship lines. The report, which the German container ship line released Thursday, notes that Liner Shipping revenues dropped 48.5% to 17.7 billion euros ($19.2 billion) from 2022 to 2023, and earnings before… Read More