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Improves Dominion Energy’s quantitative & qualitative business risk profile via highly credit-positive partnership Stonepeak to fund 50% of project construction costs with meaningful protection from any unforeseen increases in the current project construction budget Successfully concludes ~$21 billion debt reduction initiatives associated with Dominion Energy’s business review RICHMOND, Va. & NEW YORK – Dominion Energy,… Read More
Eastern Shipbuilding Group (ESG) is excited to announce the launch of the second annual Eastern Shipbuilding Group Coastline Initiative, a unique competition that encourages students from area schools to design innovative artificial reefs that support coastline restoration. In partnership with the Bay County Artificial Reef Association (BCARA) and the University of Florida IFAS Extension, this… Read More
Orion Marine has reported via a SEC filing that the well-known money manager Blackrock has acquired a 6.1% interest in Orion. Stock in Orion has risen over 15% in 2024 YTD. SEC Filing
LOS ANGELES —Carbon Ridge, Inc., a leading developer of modular onboard carbon capture & storage solutions for decarbonizing the maritime shipping industry, today announced it has raised $9.5M in funding, bringing the company’s total funding to date to $15.5M. The round was led by Crosscut Ventures and Western Technology Investment (WTI), with participation from existing… Read More
HOUSTON — McDermott has been awarded Platinum status in the Used Garnet Return Rewards Program by GMA Middle East, marking a decade-long successful partnership between the two companies. As the first recipient of this award in the region, McDermott is being recognized for its commitment to sustainability and environmental responsibility through the return of garnet used… Read More
Dominion Energy Virginia has released its 2024 Integrated Resource Plan (IRP), outlining a strategy to meet growing power demand with reliable, affordable, and cleaner energy. Nearly 80% of the new power generation in the plan will be carbon-free, including offshore wind, solar, battery storage, and small modular nuclear reactors. The IRP highlights Dominion’s focus on… Read More
For the sixth consecutive year, Crowley will support Wreaths Across America to remember and honor the service and sacrifice of thousands of past and present U.S. military service members during wreath-laying ceremonies this holiday season. Crowley has increased its in-kind and financial support to place wreaths on veterans’ gravesites at cemeteries in Washington, D.C., Massachusetts… Read More
Reserve, La. based DSC Dredge announced it has promoted Stephen McMahon to vice president of product support. He succeeds John “Sonny” Lightsey, who dedicated over 29 years to DSC. McMahon’s journey at DSC began in 2011 in the hydraulic and mechanic shop, working under Troy Redwine and Carl Ulrich. His hands-on experience in the field and… Read More
CurbIQ maintains momentum in the North American market enhancing curbside management in urban communities Implementation in the Seattle market aims to improve curbside delivery efficiencies SEATTLE, WA – Arcadis, a leading global design and consultancy organization for natural and built assets, today announced a groundbreaking project aimed at digitizing last-mile freight curb access in Seattle… Read More
On Friday, October 11, 2024, GLDD’s Richard Balzano, VP Government Relations and former MARAD Deputy Administrator joined the Massachusetts Maritime Academy community, more than 200 representatives from maritime universities around the world, Maritime Administrator Rear Admiral Ann Phillips, U.S. Senator Elizabeth Warren, U.S. Congressman Bill Keating, and other federal, state, and local legislators to welcome… Read More
The Port of Corpus Christi and its customers moved 53 million tons through the Corpus Christi Ship Channel in the third quarter of 2024, a new quarterly high mark driven by increases in crude oil and dry bulk movements. The 53 million tons moved in Q3 2024 was a 2 percent increase from the same… Read More
Ocean Update The situation on the East Coast and Gulf Coast of the United States of America continues to be closely monitored by our teams, where negotiations between the International Longshoremen’s Association (ILA) and the United States Maritime Alliance, Ltd. (USMX) brought about strike action at the start of the month. The two parties reached… Read More
Ocean Update US East and Gulf Coast operational recovery post ILA work stoppage On Thursday, October 3rd, the International Longshoremen’s Association (ILA) and the United States Maritime Alliance, Ltd. (USMX) reached a tentative agreement on wages and to extend the Master Contract until January 15, 2025, to return to the bargaining table to negotiate all… Read More
AWO Welcomes Four New Members. Please join AWO in welcoming four new members: HF Sinclair – HF Sinclair Corporation provides traditional and renewable fuels and lubricants — plus other essential products such as asphalt, roofing tar and components for medicines and cosmetics. Industrial Maritime Academy – Industrial Maritime Academy Virtual Training Platform provides an immersive training experience featuring… Read More
The National Ocean Industries Association (NOIA) has awarded SEACOR Marine the third annual ESG Excellence Award, recognizing the company’s significant contributions to environmental, social, and governance (ESG) performance in the offshore energy industry. NOIA President Erik Milito praised SEACOR Marine’s commitment to ESG, stating, “SEACOR Marine exemplifies the NOIA ESG Principles in virtually every aspect… Read More