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It's on us. Share your news here.
Orsted executives said they may be forced to write down the value of their planned U.S. offshore wind energy projects by $2 billion, in an Aug. 30 earnings call. That news led to a 25 percent drop in Ørsted’s stock price. It’s an ominous escalation of bad news for U.S. offshore wind development, beset by… Read More
As part of the continued maturation and a pre-final investment decision (FID) review of its near-term US offshore development projects, Ørsted has assessed the aggregate adverse impacts relating to the supply chain, lack of favorable progress in Investment Tax Credit (ITC) guidance, and increased interest rates, which affect its US portfolio. The Ocean Wind 1,… Read More
Caspar Nuijten – Appointed as CEO of Bennet & Boss
Thank you to every CBC employee in the Greater New Orleans area for your honest feedback and getting Canal Barge Company to the top once again. You are solution providers, innovators, partners, and responsible citizens who are central to the company’s success. Each and every day you prove our core tenet that people make the… Read More
Birdon has further strengthened its U.S. Board of Outside Directors through the recent election of two members with extensive backgrounds with U.S. Navy and the U.S. Coast Guard shipbuilding and ship repair. Kevin Mooney and Ronald Rábago, (Rear Admiral, USCG-Ret.) have agreed to serve as Chairperson and Member, respectively. “Kevin and Ron will provide invaluable insight and guidance… Read More
Equinor has acquired a 25 percent interest in Bayou Bend CCS LLC, positioned to be one of the largest US carbon capture and storage projects located along the Gulf Coast in Southeast Texas. “Commercial CCS solutions are critical for hard-to-abate industries to meet their climate ambitions while maintaining their activity. Entering Bayou Bend strengthens our… Read More
WIMOS (Women in Maritime Operations) has named Compass Maritime broker Elizabeth (Liz) Dassouki as its new development director, serving the WIMOs national board and the organization as a whole. In this role she will assist the organization in growing membership — including individuals, businesses, and other non-profit associations. Additionally, she will be involved in standing up junior… Read More
Conrad Shipyard, LLC is pleased to announce that it has been awarded a contract by the Puerto Rico Maritime Transit Authority (“PRMTA”) for the construction of four (4) Cargo and Passenger Ferry Vessels. The ferries, designed to carry 300 passengers and 300 short tons of cargo, will operate between the Municipality of Ceiba and the… Read More
Athena is excited to announce the acquisition of American Vibracore Services. The acquisition includes the 77-foot MV Thunderforce and several vibracore systems that will enhance Athena’s already robust sediment sampling capabilities and will greatly extend our operating range. This will give Athena unmatched capability for collecting vibracore sediment samples in any aquatic setting throughout the… Read More
Danos has expanded its portfolio to offer coastal restoration services to customers throughout the Gulf South, the company said in a press release. In addition to providing the materials and workforce to restore or replace barriers in marine environments, the company is producing and installing artificial reefs tailored to the local habitat. Most recently, Danos… Read More
Inchcape Shipping Services (ISS) has announced the appointment of Harun Duzgoren as the Regional Chief Executive Officer (CEO) for the Americas, effective 1 September 2023. ISS believes that Duzgoren will offer a plethora of cross-functional skills to his new post, owing to his 23 years of managerial experience in the global maritime services business. Prior… Read More
The Sharrow Propeller™ was invented by Gregory Sharrow in 2012 and is the first major advancement in propeller technology since the 1830s. Its design has solved the most basic problem of rotary propulsion. Specifically, tip cavitation and vortices have been eliminated or significantly reduced, offering incredible performance gains over traditional propellers. More than 180 U.S…. Read More
J.F. Brennan Company (Brennan) is proud to be Certified™ by Great Place To Work® for the 7th year in a row. The respected award is based entirely on current employees’ experience working at Brennan. 87% of employees said it’s a great workplace – 30 points higher than the average U.S. company. “By successfully earning this recognition, it is… Read More
According to the most recent statistics from NOAA and the Bureau of Economic Analysis the U.S. marine economy represents an estimated $361 billion of the country’s gross domestic product. Of that, about $7 billion is generated by marine construction. These numbers come as no surprise to local marine and foundation contractor, the Dissen & Juhn… Read More
H.I.G. Capital (“H.I.G.”), a leading global alternative investment firm with $58 billion of capital under management, is pleased to announce that one of its affiliates has signed a definitive agreement to acquire Ascent Global Logistics (“Ascent” or the “Company”), a leading provider of technology-enabled, expedited logistics and supply chain solution services from affiliates controlled by… Read More