South Korean conglomerate Hanwha Group is reportedly planning a major investment for improvements at its recently acquired Philly Shipyard, with plans to produce the U.S.-built LNG carriers. According to Korean newspaper JoongAng Ilbo, the $72 million investment will help transform the U.S. shipyard into a high-tech facility capable of producing up to 10 vessels annually by… Read More
The Shipbuilders Council of America (SCA), the national association representing the U.S. shipbuilding, maintenance, and repair industry, today announced Conrad Industries, Inc, parent company of Conrad Shipyard, received SCA’s annual “Excellence in Safety” Award which is given for performance for the 2024 calendar year, honoring the shipyard for its enhancement of operations and promotion of safety and… Read More
Uber Freight announces the launch of the industry’s first scaled AI logistics network, powered by its proprietary logistics-specific large language model (LLM) and embedded directly into its transportation management system (TMS) and logistics platform. With this launch, Uber Freight is reimagining how shippers of all sizes manage transportation—placing AI at the center to drive better decisions,… Read More
Revenue stood at $13.3 billion in the first quarter of 2025, driven mostly by the Group’s maritime shipping business. EBITDA totalled $3.1 billion, 29.1 per cent higher than in the first quarter of 2024. EBITDA margin came in at 23.3 per cent, up 3.1 points. In Q1 2025, CMA CGM carried 5.8 million TEUs, a 4.2 per cent increase year-on-year… Read More
Dredging and coastal protection company Great Lakes Dredge & Dock (NASDAQ:GLDD) announced better-than-expected revenue in Q1 CY2025, with sales up 22.3% year on year to $242.9 million. Its non-GAAP profit of $0.49 per share was 86.7% above analysts’ consensus estimates. Great Lakes Dredge & Dock (GLDD) Q1 CY2025 Highlights: Revenue: $242.9 million vs analyst estimates of… Read More