St. Johns Ship Building, located in Palatka, Florida, has just landed two exciting contracts worth around $17 million. These projects involve crafting a cutting-edge Crew Transfer Vessel (CTV) and two sleek aluminum cruise ships. This achievement highlights the shipyard’s ongoing success and its reputation for producing top-notch vessels tailored for various maritime needs. The new… Read More
Alternative Fuel-Powered Tug Anticipated to Be Operational in 2026 Houston, Texas — Caterpillar Marine today announced it has entered a memorandum of understanding (MOU) with SAAM Towage to assess and implement alternative power solutions, including electrification and alternative fuels such as methanol and ethanol, for its tugboat fleet. The first SAAM Towage tugboat powered by… Read More
Abu Dhabi, UAE – AD Ports Group (ADPORTS:ADX), a leading global enabler of trade, transport, industry, and logistics, issued its 2024 Annual Report, which chronicled a year of record revenue and profit growth, as the Group consolidated two major acquisitions, and drove forward its profit-enhancing international expansion. The report highlights the ongoing expansion of the… Read More
PANAMA CITY, FLORIDA — The U.S. Army Corps of Engineers joined contractors Eastern Shipbuilding Group and Royal IHC on April 4, 2025, in Panama City, FL for a steel cutting ceremony, kicking off construction of a Medium Class Hopper Dredge (MCHD) to replace the Dredge McFARLAND of the Army Corps’ Philadelphia District. The event was attended by… Read More
APM Terminals (APMT) has acquired the Panama Canal Railway Company (PCRC) from Canadian Pacific Kansas City Limited and the Lanco Group/Mi‑Jack. PCRC operates a 76-kilometre single-line railway adjacent to the Panama Canal that mainly facilitates cargo movement between the Atlantic and Pacific Oceans. In 2024, the PCRC generated revenue of $77 million and $36 million in EBITDA. “The Panama… Read More
