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The Illinois International Port District (IIPD) is seeking a combination of state and federal grants, as well as private funding, to rehabilitate its critical infrastructure and help maintain the global supply chain. IIPD recently applied for a $37 million grant from the Federal Maritime Administration’s Port Infrastructure Development Program (PIDP) to rehabilitate the 113-year-old dock… Read More
RESERVE, LOUISIANA – Over the last few months DSC Dredge has been redefining its team by investing in them, promoting from within and adding fresh perspectives. On Monday 23rd April, 2023, DSC Dredge a leading manufacturer of dredging equipment, introduced Josh J. Louviere as Vice President of Operations (VP of Operations). In his new role, Josh will lead and oversee all… Read More
SAAM, a company providing port, logistics and towage services in the Americas, concluded the purchase of 21 tugboats from the Brazilian company Starnav, which includes 19 tugs currently in operation and two additional vessels in the final phase of construction. “This is one of the largest transactions in SAAM’s history and is part of our… Read More
SEACOR Marine Holdings Inc. (NYSE: SMHI) (the “Company” or “SEACOR Marine”), a leading provider of marine and support transportation services to offshore energy facilities worldwide, today announced results for its first quarter ended March 31, 2023. SEACOR Marine’s consolidated operating revenues for the first quarter of 2023 were $60.0 million, operating income was $0.2 million, and direct vessel profit… Read More
Overseas Shipholding Group, Inc. (NYSE: OSG) (the “Company” or “OSG”) today announced that it has published its annual Sustainability Report. The report includes information relating to the Company’s efforts on environmental, social, and corporate governance practices during 2022, as well as its long term plans to evolve in these areas. The Sustainability Report can be… Read More
Overseas Shipholding Group, Inc. (NYSE: OSG) (the “Company” or “OSG”), a leading provider of liquid bulk transportation services in the energy industry for crude oil and petroleum products in the U.S. Flag markets, today reported results for the first quarter of 2023. Shipping revenues for the first quarter of 2023 were $113.8 million, an increase… Read More
The Los Angeles City Council Tuesday confirmed three new members to the city’s Board of Harbor Commission, a five-member oversight group for the Port of Los Angeles. Los Angeles Mayor Karen Bass nominated former U.S. Rep. Lucille Roybal-Allard, Michael Muñoz and Lee Williams. The new commissioners will participate in their first meeting on May 11,… Read More
HOUSTON, May 08, 2023 (GLOBE NEWSWIRE) — Orion Group Holdings, Inc. (NYSE: ORN), a leading specialty construction company, today reported its financial results for the first quarter ended March 31, 2023. Highlights for the quarter ended March 31, 2023: Backlog and awarded contracts at the end of the first quarter totaled $1.1 billion Entered into a… Read More
Pangaea Logistics Solutions has entered into a definitive agreement to acquire marine port terminal operations in Port Everglades/Fort Lauderdale and port of Palm Beach in Florida, and the port of Baltimore in Maryland from Host Terminals, a subsidiary of T. Parker Host, in an all-cash deal. The Nasdaq-listed US bulker owner of 25 ships, operates… Read More
On April 26, 2023, Orion Group Holdings, Inc. entered into a Land Sale Contract with Equity Resource Partners – East West, LLC, a Georgia limited liability company, who, subject to normal due diligence conditions, has agreed to purchase two parcels of land in Harris County, Texas (approximately 341.3 acres), previously used by the Company as… Read More
Callan Marine staff, crew, and guests gathered to watch the dockside launch of its newest fleet asset, the 18” cutter suction dredge named the General Marshall from headquarters in Galveston, Texas. At 194’ feet long and 41’ feet wide, the General Marshall was constructed by DSC Dredge LLC beginning at Poplarville, Missouri, and completed construction… Read More
Safety Culture Celebrated Across the Company with Toolbox Talks and Special Events GALVESTON, TX – April 25, 2023 – Callan Marine will take time to acknowledge and review important safety topics during Safety Week 2023, May 1-5, 2023. “Safety is at the forefront of our minds at all times,” says Melanie Mosley, Vice President of… Read More
Crowley will launch an end-to-end, integrated ocean and rail service between Mexico and the U.S. Midwest region and into Canada. Featuring Crowley’s new Mexico-U.S. ocean route in the Gulf, the service will leverage the highly efficient inland rail network of Canadian National Railway Company and its U.S. rail subsidiaries (CN). The companies’ combined network provides… Read More
Pangaea Logistics Solutions Ltd. (Nasdaq: PANL), a global provider of comprehensive maritime logistics solutions, today announced that it has entered into a definitive agreement to acquire marine port terminal operations in Port Everglades/Ft. Lauderdale and Port of Palm Beach, Florida, and Port of Baltimore, Maryland from Host Terminals LLC, a wholly owned subsidiary of T. Parker Host, in an all-cash transaction. Pangaea… Read More
Great Lakes Dredge & Dock Corporation (“Great Lakes” or the “Company”) (Nasdaq: GLDD), the largest provider of dredging services in the United States, today reported financial results for the quarter ended March 31, 2023. First Quarter 2023 Highlights Revenue was $158.0 million for the first quarter Total operating loss was $0.9 million for the first… Read More