Turn Services, a leading provider of barge fleeting, shifting and towing services along the Lower Mississippi River and Gulf Intracoastal Waterway, announces the completion of its acquisition of St. John Fleeting, LLC and its affiliate companies. For 50 years, St. John Fleeting has been a respected presence on the Lower Mississippi River. The acquisition brings… Read More
Austal (ASX:ASB) received a bid for its US assets from a Miami-based, privately owned investment firm, valuing the Australian shipbuilder’s US operations at a higher price than Korea’s Hanwha Group’s recent proposal. The non-binding proposal from Wildcat Infrastructure has an enterprise value between $1.25 billion and $1.35 billion, on a cash-free and debt-free basis, compared… Read More
CMC, the largest provider of integrated intermodal solutions in the U.S., today announced the retirement of Shawn Olshefski following 30 years with the company, concluding an extraordinary career defined by commitment, relationships and service to CMC’s customers and the broader maritime community. Mr. Olshefski joined CMC, then known as Marine Repair Services/Container Maintenance Corporation, at… Read More
Dominion Energy and NextEra Energy have proposed a revised benefits package as part of a $67 billion merger bid that adds additional perks for Virginia customers and makes cost and jobs promises. “We’ve certainly been listening to policymakers and our customers, and the package is in direct response to what we’ve been hearing,” said Dominion… Read More
By David Foxwell The contract for the trencher builds on a long-term partnership between the two companies, following the deployment of the Osbit-delivered trencher Swordfish, which has been operating successfully in the field since 2022. Due to be delivered to the company by the end of 2026, and enter operation in 2027, the Crayfish trencher… Read More
