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NEW YORK, July 14, 2022 (GLOBE NEWSWIRE) — Transportation Infrastructure Partners, a joint venture between Ridgewood Infrastructure, LLC and Savage, today announced the acquisition of Worldwide Terminals Fernandina, LLC (Fernandina), the manager and operator for the Port of Fernandina, Florida. The Port of Fernandina, northeast of Jacksonville, FL, is a strategic intermodal terminal handling essential bulk, breakbulk, and containerized cargo. The port… Read More
Fairbanks Morse Defense (FMD), a portfolio company of Arcline Investment Management, is launching a 45,000-square-foot training and service center campus in Chesapeake, Va. The defense contractor will move its existing service center from Norfolk, Va., to the Chesapeake campus to add a state-of-the-art training facility and further expand advanced service support for its customers. The… Read More
MEMPHIS, Tenn., July 14, 2022 – Elizabeth M. Burks is Memphis District’s new Engineering & Construction Division chief. In this role, she is responsible for the engineering and construction of flood risk management, navigation, ecosystem restoration, and water supply projects within the boundaries of the Memphis District, which includes portions of Mississippi, Tennessee, Arkansas, Missouri,… Read More
Andrea L. Williams has been named U.S. Army Corps of Engineers, Memphis District’s Operations Division chief. She is responsible for the Operation and Maintenance of the Physical Support Branch to include Ensley Engineer Yard Marine Maintenance Center; the Mississippi River Regional Channel Improvement fleet to include the revetment Mat Loading, Grading, and Clearing and Snagging… Read More
Oakland’s Chamber of Commerce President is taking on an added role atop the Port of Oakland’s governing board. At their latest Board meeting, Port Commissioners selected Barbara Leslie as their new President in a unanimous vote. Ms. Leslie will lead the seven-member board that sets policy for Oakland’s 93-year-old port authority. She succeeds Commissioner Andreas… Read More
LITTLE ROCK, Ark. — Col. Damon M. Knarr assumes command of the U.S. Army Corps of Engineers Little Rock District during a July 12 ceremony at the Robinson Center in downtown Little Rock, Arkansas. He assumes command from Col. Eric M. Noe, who is retiring after 26 years of service in the U.S. Army. Little… Read More
Three months after first announcing their intent to merge and after fighting off opposition from the largest shareholder, Euronav and Frontline agreed to the structure of the transaction which will create what the companies are calling “a leading global independent oil tankers owner and operator.” The companies announced that they agreed to a voluntary exchange… Read More
The Saverys family through its Belgian shipping company Compagnie Maritime Belge (CMB), which is the largest shareholder in Euronav, reiterated opposition to the proposed merger with Frontline to form the largest tanker operator. In a statement released a day after the companies announced terms for a voluntary stock exchange offer as the first step for… Read More
Paul Matthews took over as the new executive director of the Port of South Louisiana this past January. Matthews replaces long-time Executive Director Paul Aucoin, who served the port for over eight years and led the organization through record growth. He is the first African American port director in the history of the state of… Read More
HII (NYSE: HII), America’s only builder of nuclear-powered aircraft carriers and leading provider of mission-driven defense technologies, announced today that its Newport News Shipbuilding division has reached a significant milestone in the compartment and systems construction of aircraft carrier John F. Kennedy (CVN 79). Newport News recently turned over to the ship’s crew the 1,000th compartment of the… Read More
CIT, a division of First Citizens Bank, today announced that its Maritime Finance business provided $80 million to refinance two Korean-built container ships operated by Seamax. “As the container ship market remains strong and our charter exposure solid, we appreciate CIT’s expertise in arranging financing for these vessels, which aids us in executing on our business strategy,” said Ron Petrunoff,… Read More
J.F. Brennan Company, Inc. has been busy lately working on the sediment cleanup projects in Minnesota. “Last week, I was able to visit four different projects we have going or will be starting in the St. Louis River in Minnesota,” said Andrew Timmis, J.F. Brennan Company, Inc. Director of Business Development – Environmental Group. “The… Read More
Fincantieri Marine Group and its board of directors announced today that its current general manager, Marco Galbiati, has been named as the new CEO effective July 6, while former CEO Dario Deste remains the company’s president. Galbiati was FMG’s general manager, a role that he held since 2018. In this capacity he has been heavily… Read More
Entrepreneur Hockema endorsed the “work from home” lifestyle long before it became fashionable, founding his boutique naval architecture firm 25 years ago in Seattle. Today, he and his like-minded colleagues continue to work mainly from home, and the firm has grown and prospered from its laid-back lifestyle and world-class designs for deck barges, dredges, tugs… Read More
Huntington Ingalls Industries’ (HII) Ingalls Shipbuilding division has revealed its plans to hire more than 2,000 full-time shipbuilders. The recruitment drive is part of its future workforce plans. According to the HII, a hiring event will be hosted by Ingalls Shipbuilding’s talent acquisition team at the Ingalls Maritime Training Academy, Jerry St Pé Highway, on 9 July…. Read More