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New research by C-Job Naval Architect shared today shows nuclear energy could be applied as marine propulsion in the future. According to the independent ship design company, nuclear technology has seen several interesting developments and should be considered for future maritime applications. Based on the research, C-Job concludes that the Molten Salt Reactor has the… Read More
CIT, a division of First Citizens Bank, today announced that its Maritime Finance business has increased its financing for Globus Maritime Limited by $18 million. The lending increase expands CIT’s relationship with Globus Maritime and raises CIT’s total financing to the client to $52.25 million, which is secured by seven dry-bulk shipping vessels. “We appreciated CIT’s expertise and agility… Read More
Ports America, the largest marine terminal operator and stevedore in the United States, today announced the appointment of Matthew Leech as President and Chief Executive Officer, effective November 2022. He will succeed Mark Montgomery, who will retire as Chief Executive Officer and continue to support the Company in an advisory role. Mr. Leech is a seasoned ports and terminal executive… Read More
Callan Marine, LTD. announced the promotions of Chris Dearing to Vice President of Engineering and Production and Oliver Jones to Vice President. Chris Dearing brings extensive experience in the development and management of production and field engineering programs at some of the leading dredging companies in the nation. He will continue to lead the development… Read More
Dearing and Jones Bring Combined 22 Years Experience to Dredging Company’s Leadership Team Callan Marine, LTD. announced the promotions of Chris Dearing to Vice President of Engineering and Production and Oliver Jones to Vice President. Chris Dearing brings extensive experience in the development and management of production and field engineering programs at some of the… Read More
Looking out across the San Francisco Bay, you might notice it’s looking a little murky. Experts say the reason is a potentially harmful algae bloom that’s spreading in waters throughout the Bay Area. It’s called Heterosigma akashiwo and it’s what’s currently causing the water in the bay to look so dirty and brown. “About three… Read More
HOUSTON, Aug. 24, 2022 (GLOBE NEWSWIRE) — Great Lakes Dredge & Dock Corporation (“Great Lakes” or the “Company”) (NASDAQ: GLDD), the largest provider of dredging services in the United States, announced today the receipt of several major dredging awards totaling $107.0 million. The awarded work includes: Norfolk Harbor Navigation Improvements Project (Capital, Virginia, $56.8 million) Charleston Lower Harbor… Read More
Pangaea Logistics Solutions Ltd. (NASDAQ: PANL), a global provider of comprehensive maritime logistics solutions, announced it has purchased a vessel to add to its operating fleet. The ship was purchased in the second-hand market for USD 17.1 million. The Company will own 25 ships when the new ship is delivered to Pangaea in September or October 2022. Pangaea… Read More
Felicia Olmeta-Schult, a marine and social scientist, is the new coastal hazards specialist with Oregon Sea Grant and the Oregon State University Extension Service. Olmeta-Schult succeeds Patrick Corcoran, who retired in 2020 after 32 years with Sea Grant Extension. Olmeta-Schult previously served as an Oregon Sea Grant-funded Resilience Fellow. In that role, she created the Oregon… Read More
Crowley has awarded cadet Christopher Lloyd from Great Lakes Maritime Academy with a Thomas B. Crowley Sr. Memorial Scholarship for his academic accomplishments and interest in a career in the maritime industry. A senior from Denver, Colorado, Lloyd is pursuing a bachelor’s degree in maritime technology with a U.S. Coast Guard deck license. During his… Read More
Jacksonville Port Authority (Jaxport) has promoted James Bennett to chief operating officer. He moves from his role as senior director of engineering and construction and will use that expertise to oversee projects including a major automotive and container expansion on Blount Island. Bennett joined Jaxport in 2017, coming in to the role he has held for the… Read More
Miguel Hernandez, formerly general manager of sales and marketing at MODEC, has been named senior vice president of offshore business development at ABS. In that role he is leading ABS’s global offshore services business, including in the FPSO, FPU and floating offshore wind sectors. Hernandez has more than 18 years of experience in the oil and gas… Read More
Austal USA welcomes Michelle Kruger as vice president of global services and support. Operating from Austal’s San Diego waterfront services facility, Kruger is responsible for Austal USA’s global post-delivery repair and warranty efforts, including the development of business strategy and strategic alliances. As the primary customer interface for ship repair and maintenance services, Kruger will… Read More
What does “benefits and investing” in your people mean? You’ve probably heard it all, from vacation and health care to fun Fridays and to tell the truth these are all correct, but in today’s environment are those truly engaging and motivating employees? “Benefits” is a term that has undergone subtle change for many years but… Read More
Comprehensive study indicates global shipping rates increased 27 times more than rates in the Caribbean in recent years Today, the Transportation Institute (TI) released a comprehensive study by Ernst & Young (EY) evaluating the Jones Act and its implications on freight rates, container availability, port congestion, and carrier performance in the Caribbean Region relative to… Read More