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Coast Guard Commandant Relieved of Command. Following President Trump’s inauguration on January 20, Admiral Linda Fagan was relieved of command by the acting secretary of the Department of Homeland Security, Benjamine Huffman. Admiral Kevin Lunday, previously the Vice Commandant, will serve as Acting Commandant of the Coast Guard until a permanent replacement is named. Admiral Fagan… Read More
Eversource has entered into a definitive agreement to sell Aquarion Water Company to the newly created Aquarion Water Authority for $2.4 billion, the company announced this week. The estimated sales price, still subject to closing adjustments, includes about $1.6 billion in cash and $800 million of net debt that will be extinguished at closing. Aquarion Water Authority… Read More
The National Association of Waterfront Employers (NAWE) has issued the following statement in response to President Donald J. Trump designating Federal Maritime Commissioner Louis E. Sola as Chairman of the Federal Maritime Commission. Sola replaces FMC Chairman Daniel Maffei who was designated FMC Chairman by President Joe Biden in March of 2021. “Chairman Maffei’s tireless… Read More
Roger Guenther Named as Greater Houston Port Bureau’s 2025 Maritime Leader of the Year The Greater Houston Port Bureau (“Port Bureau”) is pleased to announce that Roger Guenther, retired executive director of Port Houston, has been named the 2025 Maritime Leader of the Year. Guenther will be honored at the Port Bureau’s Annual Maritime Dinner… Read More
The project underscores Arcadis’s expertise in semiconductor and advanced technology facility design ALBANY, NY – Arcadis, a global leader in intelligence-driven sustainable design, engineering, and consultancy solutions, is pleased to announce the formation of the DPS | Gilbane Joint Venture, comprised of Arcadis’s DPS Advanced Technology Group Inc. and Gilbane Building Company as the design builder… Read More
Download this Press ReleasePDF Format (opens in new window) HOUSTON — McDermott International, Ltd (“McDermott” or the “Company”) today announced a 125-to-1 share consolidation, also known as a reverse stock split, which will consolidate the number of the Company’s Class A ordinary shares (the “Class A Ordinary Shares”) outstanding as of January 28, 2025, from 3,552,951,586… Read More
Greensea IQ, a leader in subsea robotics and autonomy technologies, closed a record-breaking year of growth in 2024, with a remarkable 57% year-over-year increase in topline revenue from 2023. This achievement was driven by the continued adoption of Greensea’s robot autonomy platform for defense applications and within the commercial sectors. Widespread adoption of the company’s… Read More
Federal authorities have uncovered a sophisticated smuggling operation at the Ports of Los Angeles and Long Beach, leading to the arrest of eight defendants in connection with a scheme to import counterfeit goods from China. The operation, which ran from August 2023 to June 2024, involved logistics company executives, warehouse owners, and truck drivers who… Read More
The distressed trucking company filed for bankruptcy after defaulting on a factoring agreement. Financial distress in the trucking and logistics industry since the Covid-19 pandemic has brought on the Great Freight Recession, which resulted in shipping companies launching either out-of-court restructurings or bankruptcy filings. A combination of economic issues, such as negative effects caused by… Read More
Coast Guard Commandant Adm. Linda Fagan was ousted by the Trump administration Tuesday, on President Trump’s first full day in office. In 2022, Fagan became the first woman to lead a branch of the U.S. military. Fagan was relieved of her duties Monday night in a workforce-wide message by Acting Homeland Security Secretary Benjamin Huffman. “Under my… Read More
Corpus Christi, TX, USA – The Port of Corpus Christi and its customers moved 206.5 million tons through the Corpus Christi Ship Channel in 2024, a new high mark driven by increases in crude oil and dry bulk commodities, including agricultural products. Port customers also ended 2024 with record quarterly tonnage (54 million tons) in Q4… Read More
We are thrilled to announce the official opening of our Brunswick terminal, Equipment Processing Center (EPC) and Vehicle Processing Center (VPC). The grand opening marks another strategic investment for the Wallenius Wilhelmsen group as we sign a 20-year lease with the Georgia Ports Authority (GPA), with options of up to 30 years. With this investment,… Read More
Battle & Sands Energy Corporation is hiring for multiple positions at its new frac sand mining and processing facility in Northern Bee County, marking a significant opportunity for local job seekers. The Houston-based company expects to employ approximately 20 workers by mid-February and aims to grow to 80 employees as operations expand. The company is… Read More
Bollinger Shipyard has agreed to pay $1,025,000 to resolve allegations that it violated the False Claims Act by knowingly billing the U.S. Coast Guard for labor provided by workers who were not eligible to work in the United States, according to a Department of Justice news release. Based in Lockport, Bollinger builds ships for the… Read More
NEW YORK — Hornblower Group is excited to announce the appointment of Len Wolin as President of City Experiences, effective January 20. In his new role, Wolin will lead the strategic direction of City Experiences, which encompasses Hornblower Group’s diverse portfolio of water- and land-based experience companies. Wolin will be responsible for driving the unified strategy across the… Read More