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Advanced Integrated Technologies (AIT), a ship repair contractor for the Navy, Coast Guard, Military Sealift Command and U.S. marine, industrial and commercial industries, will invest $500,000 to expand its Norfolk operations and add 76 jobs, Gov. Glenn Youngkin announced Friday. The Norfolk-based company will increase capacity at its location in Norfolk Industrial Park, off Ingleside… Read More
Crowley has been awarded as Offshore Carrier of the Year by The Home Depot for the speed and efficiency of its shipping and supply chain service in Puerto Rico and the U.S. Virgin Islands. The Home Depot cited Crowley for its reliability, innovative strategies and surge capabilities during emergencies, specifically noting its support during Hurricane… Read More
Charleston, SC-based PORT 32 Marinas, LLC has appointed Austin Schell as CEO of PORT 32 and as a member of the company’s board of directors. PORT 32 Marinas, LLC is an owner, operator, developer and acquirer of dry and wet slip coastal marina assets that presently owns eight marina properties in markets across both coasts of… Read More
DENVER–(BUSINESS WIRE)–Integrated Water Services, Inc. (“IWS”), a leading provider of water and wastewater treatment solutions, has announced its acquisition of Hyperion International Technologies, LLC (“Hyperion”), a well-known developer of industrial control systems for the water sector. IWS, in partnership with Sciens Water Opportunities Management, LLC (“Sciens Water”), has acquired 100% of the equity of Hyperion. The acquisition of… Read More
Arcadis DPS Group, a global engineering, procurement, construction management and validation firm serving high-tech process industries, has welcomed Chris Oldham as Director of Project Management. Reporting to Senior VP of Project Operations, Paul DePriest, Oldham will be responsible for all operations and projects while managing the DPS Boston office’s expanding team of project management professionals…. Read More
The Biden-Harris administration today released the President’s Budget for Fiscal Year (FY) 2024. The budget reflects the Administration’s commitment to ongoing efforts vital to the Bureau of Ocean Energy Management’s (BOEM) mission, which include advancing renewable energy, creating good-paying jobs with a free and fair chance to join a union, bolstering energy security, supporting economic… Read More
Arcadis has been named as one of the world’s Top Female Friendly Companies, according to Forbes. As one of only 400 companies worldwide that truly excel in championing women at work, Arcadis is celebrated not only for its strong career advancement opportunities, but also flexible work arrangements, which experts agree are critical to correct gender… Read More
A Dragados-Hawaiian Dredging-Orion joint venture has won a potential $2.8 billion task order from the U.S. Navy to build a concrete dry dock at Pearl Harbor Naval Shipyard in Hawaii. The Naval Facilities Engineering Systems Command Pacific is the contracting activity and received four proposals for project, as part of a contract awarded in November 2021, the… Read More
Concrete segment secures awards totaling $100 million in core markets of Dallas and Houston Largest diving services contract in Company history HOUSTON, March 10, 2023 (GLOBE NEWSWIRE) — Orion Group Holdings, Inc. (NYSE: ORN) (the “Company”), a leading specialty construction company, today announced multiple contract awards totaling $134 million, with the majority of this work to be completed in 2023. Since the beginning of 2023,… Read More
Marine engine, generator, and propulsion systems distributor Laborde Products has appointed Michael Murzi as its new marine sales manager. Murzi brings with him over 10 years of experience in the marine industry and over 30 years of experience in sales, customer service, and business development. Murzi has held various senior sales roles throughout his career and has… Read More
First Citizens Bank today announced that its Maritime Finance group, part of the CIT division, provided financing to Purus Clean Energy, a subsidiary of Purus Marine, to support the acquisition of the MV Green Power, a 40,000 cbm ammonia carrier. Purus Marine provides innovative low-carbon maritime energy transportation and infrastructure systems by integrating people, assets and know-how…. Read More
Eagle Bulk Shipping Inc. (NYSE: EGLE) (“Eagle” or the “Company”), one of the world’s largest owner-operators within the midsize drybulk vessel segment, today reported financial results for the three months and year ended December 31, 2022. Quarter Highlights: Generated Revenues, net of $151.4 million Achieved TCE(1) of $22,062/day based on TCE Revenues(1) of $102.5 million Realized net income of $23.3 million, or $1.79 per basic share… Read More
In an effort to strengthen its integrator strategy and serve its customers even better, A.P. Moller – Maersk (Maersk) has integrated two emerging markets – West & Central Asia and Africa to form a new combined IMEA region. This new region will encompass the core geographies of the Indian subcontinent, the Middle East, and Africa,… Read More
The National Association of Waterfront Employers (NAWE) recently elected Board leadership. The following five individuals will serve as Board executives: Tom Saunders, Ports America; Hernán F. Ayala Rubio, Luis A. Ayala Colón Sucrs. Inc.; Dan Mulligan, Global Container Terminals, USA; Ed McCarthy, Georgia Ports Authority; and Mark Johnson, SSA Marine. NAWE’s executive Board members bring extensive maritime and supply chain knowledge. This expertise is instrumental… Read More
Tidewater Inc. (NYSE: TDW) (the “Company”) today announced a definitive agreement to purchase 37 of Solstad Offshore ASA’s (“SOFF”) platform supply vessels (“PSV”) for $577 million (the “Transaction”). Strategic Rationale Solidifies Tidewater as the leading high-specification PSV operator: The addition of 37 PSVs makes Tidewater the largest owner and operator of high-specification PSVs, which is the… Read More