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NEW ORLEANS, June 26, 2023 (Newswire.com) – Carr’s Hill Capital Partners Management, LP (“CHP”), a New Orleans-based private equity firm, is pleased to announce that it has partnered with Shaw and Tom Matthews, the founders of Matthews Brothers Dredging, LLC (“MBD” or the “Company”), to recapitalize the business and support its continued expansion. MBD is a… Read More
NEW ORLEANS — On June 22, the board of commissioners of the Port of New Orleans selected Joseph F. Toomy to serve as board chairman, Walter J. Leger Jr. as vice chairman, and James J. Carter Jr. as secretary-treasurer for a nine-month term. Port commissioners and officers also serve on the New Orleans Public Belt… Read More
The Coast Guard installed a new 8th District commander Friday in New Orleans. Rear Adm. David Barata will lead 7,600 personnel in a region covering 26 states and navigable waterways between the Midwest and the Gulf of Mexico. “I’m going to focus on taking care of our leaders, taking care of our members and their… Read More
ZIM American Integrated Shipping Services Co., LLC, a subsidiary of publicly held Israeli international cargo shipping company ZIM Integrated Shipping Services Ltd., plans to expand and relocate its U.S. headquarters to Virginia Beach, Virginia. The $30 million project is expected to create hundreds of jobs over the next five years. The Virginia Economic Development Partnership (VEDP)… Read More
Executes two real estate sale-leasebacks for total transaction value of $20.3 million HOUSTON, June 26, 2023 (GLOBE NEWSWIRE) — Orion Group Holdings, Inc. (NYSE: ORN), a leading specialty construction company, today announced two real estate sale-leaseback transactions for a total value of $20.3 million. The Company entered into a sale-leaseback agreement for its Baytown Pipe… Read More
Joseph F. Toomey, a long-time state legislator, has been elected to serve again as the chairman of the board of commissioners overseeing the Port of New Orleans, the port said Thursday. Toomey previously was chairman for the final year of his first term as a port board member, which ran from 2009 to 2013. He… Read More
Aiming to provide relevant and up-to-date information to help you navigate your supply chain. Ocean Updates The ocean network is fluid with no significant disruptions reported at the ports. We have begun to see an uptick in cargo flows common to peak season shipping as the flow of back-to-school, fall fashion, and end-of-year holiday goods… Read More
Caterpillar Inc. (NYSE: CAT) announced today Chief Legal Officer and General Counsel Suzette M. Long will retire on December 31, 2023 , following a distinguished 18-year career at the company. Derek Owens , who currently serves as Vice President and Deputy General Counsel, will assume the role of Senior Vice President and General Counsel on July 1, 2023 . Following a period of… Read More
Cashman Dredging & Marine Contracting Company, LLC Appoints James L. Greco, Jr. as Vice President of Marine Logistics. Source
The Dredging Contactors of America’s (DCA) Board of Directors unanimously voted yesterday, June 19, 2023, William P. Doyle as its new Chief Executive Officer and Executive Director. The position commences effective immediately. “On behalf of the Dredging Contractors of America Board of Directors, I am pleased to announce that Mr. William “Bill” Doyle has been… Read More
BIRNS, Inc. is happy to announce that Steve Feng has joined the company as Financial Controller, where he will lead the Accounting team and oversee the firm’s finances and operational accounting, and as part of the corporate management and leadership team will be responsible for developing the annual budget and financial forecasts, and for ensuring… Read More
Arcadis is pleased to mark the grand opening of the new LA Regional Connector, having worked with key client Los Angeles County Metropolitan Transportation Authority (LA Metro) to provide construction management support services to help drive development since 2014. The new 1.9-mile underground light-rail extension will now support riders with a seamless one-seat journey from… Read More
Austal USA hosted a keel laying ceremony late last week for the future USS Pierre (LCS 38) Independence-variant Littoral Combat Ship at the company’s Gulf Coast shipyard. Ship sponsor Larissa Thune Hargens, with the assistance of Hon Tran – a 13-year Austal USA veteran A-class welder, authenticated the keel by welding her initials into a… Read More
Trident Maritime Systems, a leading maritime systems and solutions provider and portfolio company of investment affiliates of J.F. Lehman & Company, announced today that it has acquired the assets of Custom Alloy Corporation through one of its subsidiaries. CAC is a leading, vertically integrated provider of highly specialized alloyed forgings, fittings, and pipe to defense and industrial end… Read More
First Citizens Bank today announced that its Maritime Finance group, part of the CIT division, has successfully completed the acquisition of $123 million of Greek shipping loans, sharply increasing the bank’s maritime financings for clients in Greece. The loan portfolio, which was acquired from HSBC Bank Plc, covers 11 financings involving 14 vessels and eight clients in one of the world’s largest… Read More