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The U.S. Army Corps of Engineers New Orleans District celebrated the tenure of a new leader during change of command ceremony Tuesday. After the passing of the command flag, Col. Richard “Rick” Hansen‘s 3-year run as commander of the New Orleans District ended and Col. Michael Clancy assumed his role as the district’s 63rd commander…. Read More
At a surprise party with Ellicott senior management and staff Martin (“Marty”) Barnes was feted for the 50th anniversary of his joining the company. Ellicott CEO Peter Bowe noted that it was very special for the company to have such a long-standing relationships with key people. Marty regaled those present with tales of trips to… Read More
At a surprise party with Ellicott senior management and staff Martin (“Marty”) Barnes was feted for the 50th anniversary of his joining the company. Ellicott CEO Peter Bowe noted that it was very special for the company to have such a long-standing relationships with key people. Marty regaled those present with tales of trips to… Read More
CMA CGM and PSA Singapore Terminals announced a new joint venture, CMA CGM-PSA Lion Terminal, for the operation of four berths at Singapore’s Pasir Panjang Terminal Phase 3 and 4. The agreement will take effect later this year and will allow CMA CGM, NOL and the CMA-backed Ocean Alliance long-term access to Pasir Panjang’s newest… Read More
Green Plains Inc. (NASDAQ:GPRE) and Jefferson Gulf Coast Energy Partners, a subsidiary of Fortress Transportation and Infrastructure Investors LLC (NYSE:FTAI) today announced that they have formed a joint venture to construct and operate an intermodal export and import fuels terminal at Jefferson’s existing Beaumont, Texas terminal. The 50/50 joint venture is expected to invest approximately… Read More
Dachser USA Air & Sea Logistics Inc., subsidiary of Dachser SE, is making moves on the Eastern seaboard that will have a ripple effect across the United States. Baltimore, Dachser´s third office in the Northeast region after New York and Boston, is located approximately two miles from the Helen Delich Bentley Port of Baltimore, which… Read More
MTG is represented on the World Dredging Congress and Exhibition introducing its MTG Systems DMet. It is a G.E.T system ideal for cutter and hopper dredgers, which improves productivity and increases protection, even in demanding applications such as hard rock. This system excels in durability, thanks to its self-sharpening tooth design with a higher wear… Read More
German Landesbank NordLB may take 95 percent ownership of Bremer Landesbank (BLB), which recently announced that it may lose in the “mid-hundred millions” this year due to souring shipping loans. BLB is 54 percent owned by NordLB already, and among the recapitalization options on the table is NordLB’s purchase of (or stock swap for) the… Read More
As CMA CGM moves towards full ownership of Neptune Orient Lines, it has reconstituted NOL’s board to include several CMA representatives and emplaced a new CEO and CFO from the ranks of the French line’s executives. NOL’s board named CMA’s Group SVP of Asia-Europe Nicolas Sartini as NOL Chief Executive Officer (replacing Ng Yat Chung)… Read More
Mark Mazzanti has been selected to become the director of Programs for the Southwestern Division, U.S. Army Corps of Engineers, headquartered in Dallas. He will replace Mr. Robert E. Slockbower, who is retiring on June 30. As the director of Programs, Mazzanti will be responsible for the development and execution of Civil Works, Military, Hazardous,… Read More
Henriette H. Thygesen, currently Damco CEO for the Americas, has been appointed CEO of Svitzer with effect from Sept 1. Current CEO of Svitzer, Robert M. Uggla, is leaving A. P. Møller – Mærsk A/S to take on the position as CEO of A.P. Møller Holding. The new CEO of Svitzer, Henriette H. Thygesen, has… Read More
German state-owned lender HSH Nordbank is preparing to sell up to 3.2 billion euros’ ($3.7 billion) worth of non-performing loans as part of its bailout programme, two people familiar with the matter said. The European Commission approved a bailout of the ship financier in March and HSH recently asked investment bank UBS to find buyers… Read More
Mr A. Aboutaleb, the Mayor of Rotterdam, presented the prestigious international prize for family businesses to CEO Pieter van Oord. Rotterdam, the Netherlands, 9 June 2016 – The 2016 Leonardo da Vinci prize has been awarded to Van Oord. Mr A. Aboutaleb, the Mayor of Rotterdam, presented the prestigious international prize for family businesses to… Read More
Orion Group Holdings, Inc. (NYSE:ORN) a leading specialty construction company, today announced a contract award of approximately $10 million. The Company’s Heavy Civil Marine Construction segment, Orion Marine Group, was recently awarded a contract from the United States Army Corps of Engineers to perform dredging services in the Matagorda Ship Channel. The project entails dredging work… Read More
Ellicott Dredge Enterprises is pleased to announce that its parent, Markel Corporation, (NYSE: MKL) has earned a position on the latest Fortune 500 list, at number 476, with over $5 billion of revenues. This selection marks Markel’s first time ever on the list. Until relatively recently Markel was exclusively an insurance company. Ellicott Dredge Enterprises… Read More