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Navios Maritime Holdings Announces $550 Million of Debt Financing

Cayman Islands

GRAND CAYMAN, Cayman Islands, Dec. 14, 2021 (GLOBE NEWSWIRE) — Navios Maritime Holdings Inc. (“Navios Holdings”) (NYSE: NM), a global seaborne shipping and logistics company, today announced that it entered into agreements providing Navios Holdings with a total of $550 million of debt financing. The proceeds of this financing together with available cash will be… Read More

Newark port project named finalist, in contention for up to $100M in federal funding

NJ, United States

Smart Port Regional Growth Cluster project, led by city and NJIT, advances to next round of $1B Build Back Better Regional Challenge The proposed Greater Newark Smart Port Regional Growth Cluster is both a supply chain accelerator and job multiplier that will spur short- and long-term economic development throughout the region. It is also now… Read More

Q&A—Part 1: Blue Sky Maritime on net zero emissions for shipping

United States

In Part 1 of a two-part Q&A series with Blue Sky Maritime Coalition President David Cummins, Marine Log finds out what the organization is all about and how it hopes to strategically accelerate the transition of waterborne transportation in Canada and the U.S. toward net zero greenhouse gas emissions. Cummins, who is also an independent… Read More

Opening of Florida Flood Hub to help St. Pete become a mecca for marine science

FL, United States

Beginning in January, the University of South Florida St. Petersburg will feature a center of excellence dedicated to mitigating flood risks by bringing together the brightest minds in the field from across the state and country. The creation of the Florida Flood Hub for Applied Research and Innovation arose from Senate Bill 1954, which the… Read More

With critical infrastructure at risk due to sea level rising, San Clemente approves coastal resiliency plan

CA, United States

With rising sea levels potentially wreaking havoc on California coastlines in the decades ahead, San Clemente officials this week approved a Coastal Resiliency Plan to address shoreline erosion, coastal flooding and other consequences of potential rising sea levels. The plan is part of the city’s Local Coastal Program, which is partly funded by the California… Read More

Beach Nourishment Projects Set for Pickering Beach, Kitts Hummock, Bowers, South Bowers, and Slaughter Beach

DE, United States

The Department of Natural Resources and Environmental Control (DNREC) Shoreline and Waterway Management Section expects to begin beach nourishment work in the Pickering Beach, Kitts Hummock, Bowers, South Bowers, and Slaughter Beach communities in early January 2022. Beach nourishment projects introduce sand into the shoreline system to offset the effects of erosion. The beach and… Read More

Great Lakes Sediment and Nutrient Reduction Program has awarded almost $10mm in grants with $1.5 mm in new 2021 awards

TX, United States

About GLSNRP The Great Lakes Sediment and Nutrient Reduction Program provides grants to local and state units of government and nonprofit organizations to install erosion and sediment control practices in the Great Lakes basin. Projects funded under the program are selected on a competitive basis and benefit the Great Lakes states and congressional districts. Since… Read More

Boskalis launches new edition of its Creating New HORIZONS magazine; issue focuses on Suez Canal and Evergiven

Netherlands

Boskalis has published a brand new edition of its online magazine (boskalis.com/magazine). The magazine offers fresh perspectives from experts and showcases projects and approaches that stretch operational and technological boundaries. In this new edition we return to the Suez Canal in late March where the mega container vessel Ever Given ran aground and take a… Read More

Maersk Training partners with Saudi Electric Services Polytechnic for upskilling of Saudi Arabia’s renewable energy sector’s workforce

United Arab Emirates

Over the next 6 years 3,000 trainees will undergo capability building program that aims to support the Kingdom’s ambition of increasing renewable energy production in Kingdom of Saudi Arabia as a part of Vision 2030 Dubai: Maersk Training on Sunday, 5th December 2021, formed a collaboration with Saudi Electric Services Polytechnic to create a technical… Read More

Saudi Global Ports awarded concession to operate Riyadh dry port ecosystem

United Arab Emirates

Saudi Global Ports (“SGP”), the container terminal operator in King Abdul Aziz Port Dammam (“Dammam Seaport”), has been awarded a concession by Saudi Railway Company (“SAR”) to develop and operate the Riyadh Dry Port Ecosystem (“RDP”), comprising three facilities in Riyadh and Dammam, following a public private partnership tender process under the authority of the… Read More

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