TOTE Group Announces New Chief Financial Officer
TOTE Group, a leader in transportation and logistics, announced the appointment of Jason Grear, CPA, as its Chief Financial Officer (CFO), effective today, July 24, 2025. Grear brings over 20 years of accounting and finance experience to the organization.“Beyond Jason’s impressive credentials, what stood out most was his collaborative approach, people-first mindset, and shared commitment to our values,” said Tim Nolan, President and CEO of TOTE Group.
Mitigating Deadly Maritime Risk: Inside AWO’s Falls Overboard Prevention Report
Falls overboard remain the leading cause of fatalities in the U.S. tugboat, towboat, and barge industry, a sobering reality that the American Waterways Operators (AWO) has been working to reverse for decades. Now, with the release of its comprehensive Falls Overboard Prevention Report, AWO and its partner are charting a data-driven path to help reduce this risk.The report, produced under the Coast Guard–AWO Safety Partnership…
Shipbuilding Powers General Dynamic Profit, Revenue
General Dynamics' second-quarter profit and revenue topped analyst estimates, driven by robust orders in its marine segment from Columbia- and Virginia-class submarine programs, boosting shares 5% in early trading.The defense company's nuclear-powered submarine-making marine systems segment produced 22.2% more revenue. The unit is now expected to generate 2025 revenue of $15.6 billion with a 7% margin.During the quarter…
Shipbuilding is a Leverage Point in South Korea's Trump Tariff Negotiations
South Korea and the United States havehttps://www.marinelink.com/news/hanwha-build-usflagged-lng-carrier-528214 been discussing a shipbuilding tie-up that could include investments to modernize U.S. shipyards and more help to repair the U.S. naval fleet as Seoul seeks better tariff terms, government and industry sources said.U.S. President Donald Trump, who has made revitalizing the aging U.S. shipbuilding industry a priority to keep up with China…
USCG: Communication is Key when Completing a Declaration of Inspection
A recent oil spill on the Delaware River starkly underscored the critical need for effective communication when completing the required Declaration of Inspection (DOI) prior to an oil transfer in accordance with Title 33, Code of Federal Regulations (CFR), §156.120 (33 CFR156.120). Prior to the incident, the facility person in charge (PIC) filled out their section of the DOI and sent the checklist in a bucket hoist to the barge PIC who subsequently completed their portion.
MAURIC Sets Sail For Southeast Asia With Singapore-Based Representation
Naval architecture firm MAURIC has reached a new milestone in its development plan by establishing its presence in Southeast Asia. Marin Guillo, newly appointed Business Developer for MAURIC, has taken up residence at Changi Business Park, Singapore, positioning himself closer to clients and prospects across both commercial and naval sectors. His mission encompasses developing relationships with regional shipyards and shipowners…
Shots Fired at Livestock Carrier in Red Sea Near Yemen
People in a wooden boat opened fire on a Comoros-flagged livestock carrier in the Red Sea near Yemen on Thursday, and the vessel was detained by the Yemeni Coast Guard, according to the United Kingdom Maritime Trade Operations (UKMTO).A maritime security official in the Yemeni government told Reuters the vessel was released after being held on suspicion, with naval forces concerned because its AIS…
MENCK to Supply Pile-Driving Tool for UK Offshore Wind Farm Installation
MENCK, a brand in marine energy and infrastructure services company Acteon, has secured a contract to supply advanced pile-driving equipment and operational services for the installation of the Hornsea 3 offshore wind farm.Acteon will supply its MENCK MHU4400S hydraulic hammer, along with a pile sleeve and anvil designed for monopiles of up to 11 meters in diameter.The MHU4400S submersible is a high…
Corsica Linea Cuts Ferry Fuel Use by 22% with Wärtsilä Retrofit
French ferry operator Corsica Linea has achieved up to 22% fuel savings on its RoPax ferry Pascal Paoli following the installation of a retrofit package delivered by Finnish technology group Wärtsilä.The upgrade, completed in late 2024, included the installation of a twin screw controllable pitch propeller (CPP) system optimized for the ship’s operating profile, an EnergoProFin energy-saving propeller cap…
Great Lakes Launches First US Subsea Rock Installation Vessel
Great Lakes Dredge & Dock Corporation, the largest provider of dredging services in the United States, has launched the first U.S. flagged, Jones Act-compliant subsea rock installation (SRI) vessel, named Acadia, at Hanwha Philly Shipyard.The Acadia vessel is engineered to transport and precisely install up to 20,000 metric tons of rock on the seabed.The rock provides critical scour protection for subsea infrastructure including subsea cables for power transmission…
Poor Welding Blamed after Rudder Falls off Bulk Carrier
A cargo ship narrowly avoided grounding after its rudder fell off, and New Zealand’s TAIC report highlights the need for careful oversight and quality assurance during installation of safety-critical components and for strong international safety standards.On 24 July 2023, the cargo ship Achilles Bulker, fully loaded and under pilotage, was outbound from Tauranga.The ship deviated from the center of the channel shortly after clearing the harbor entrance.
U.S. House Approves Coast Guard Authorization Act
The U.S. House of Representatives has approved bipartisan legislation to strengthen, support and authorize funding through 2029 for the United States Coast Guard.The Coast Guard Authorization Act of 2025 authorizes appropriations for the Service through fiscal year 2029. These authorizations will support Coast Guard operations and the continued recapitalization of its historically underfunded cutter fleet, aviation assets, shoreside facilities and IT capabilities.
Green Hydrogen Retreat Poses Threat to Targets
Green hydrogen developers are cancelling projects and trimming investments around the world, raising the prospect of longer than targeted reliance on fossil fuels.The challenges facing the sector have exposed its initial ambitions as unrealistic.Hard-to-electrify industries that were seen as ideal candidates for green hydrogen, such as steelmaking and long-distance transportation, have found that transition…
Report: Iran Warns US Destroyer
Iran warned a U.S. destroyer on Wednesday to change course after it approached waters being monitored by the Islamic Republic, leading the U.S. ship to turn away, Iranian state media reported.The U.S. Navy and U.S. Central Command, which overseas U.S. forces in the Middle East, had no immediate comment on the report.The reported incident follows U.S. strikes last month on Iranian nuclear facilities that Washington says were part of a program geared towards developing nuclear weapons.
First LPG Tanker Docks at New Texas Terminal
A liquefied petroleum gas tanker moored at the Enterprise Products Partners terminal along the Neches River in Texas, ship tracking data showed on Wednesday, the first vessel to arrive for loading at the facility.Energy research firm Vortexa said the mooring signaled the commissioning of the plant. Enterprise did not immediately reply to a request for a comment.Enterprise, one of the top U.S. ethane producers and exporters…
Saipem Shares Financial Results for First Half of 2025
Saipem achieved a semester of further growth, confirming the constant progression in operating and financial performance over the last three years which enabled, in the month of May, the distribution of the largest dividend in the company's history.Revenue stood at USD$8.47 billion (€7.2 billion), and EBITDA reached USD$898 million (€764 million), the latter growing by 35% compared to the first six months of last year.
Exail Reports 52% Rise in Q2 Sales
French high-tech industrial group Exail Technologies on Wednesday reported a 52% rise in second-quarter sales, as geopolitical tensions fuel military spending in Europe.The underwater drone maker reported quarterly revenue of 126 million euros ($148 million), boosted by programmes to counter mines and solid navigation system deliveries."The defense sector is making a significant contribution to commercial expansion, with the signing of numerous sovereign programs during the quarter, particularly
HDR Announces New Global Maritime Director
Blair Garcia, a longtime leader in the maritime industry, has joined HDR as the global maritime director. He will build on the firm’s strong foundation of maritime and coastal engineers, scientists and experts, while adding new services and geographies to drive HDR’s continued growth in this global market.Garcia has spent three decades in the ports and maritime industry, helping port and intermodal rail clients on six continents and at most of the deep-water ports in the U.S.
RAD Propulsion Introduces New Partnerships Across Three Key Regional Markets
RAD Propulsion, a leader in electric marine propulsion systems, announced the expansion of its international dealer network with new strategic partnerships in the Netherlands, India and Japan. Energyboats will serve as RAD's official dealer in the Netherlands, focusing specifically on the Benelux region. Energyboats specializes exclusively in 100 percent electrically powered boats and works only with manufacturers that take the electric motor as their starting point.
Dong Fang Offshore Orders Huisman Cable Lay System
Huisman has signed a contract with Dong Fang Offshore (DFO) for the delivery of a modular cable lay system, specifically designed for deployment across range of vessels.Huisman’s 30mt cable lay system will be suitable for deployment for DFO’s newbuild Construction Service Operation Vessels (CSOVs) and Offshore Construction Vessels, built by Vard.This marks Huisman’s first cable lay system, built on…
