Fairbanks Morse Defense (FMD), a portfolio company of Arcline Investment Management, is launching a 45,000-square-foot training and service center campus in Chesapeake, Va. The defense contractor will move its existing service center
Andrea L. Williams has been named Operations Division chief at the U.S. Army Corps of Engineers Memphis District. In that role she is responsible for the operation and maintenance of the district’s
The world’s largest cruise company, Carnival Corporation & plc (NYSE/LSE: CCL;NYSE: CUK) has released its 12th annual sustainability report, detailing the key initiatives and progress made in 2021 toward its 2030 sustainability
Kentucky Gov. Andy Beshear has announced that four Kentucky riverports have been awarded $500,000 in grants for needed infrastructure improvements and equipment upgrades. “Our Kentucky riverports play a unique role in our
CIT, a division of First Citizens Bank, today announced that its Maritime Finance business provided $80 million to refinance two Korean-built containerships operated by Seamax Capital. Founded in 2012 to make investments
TOTE Services and Philly Shipyard yesterday celebrated the cutting of steel for the third National Security Multi-Mission Vessel (NSMV), which is set for delivery to Maine Maritime Academy by the end of
Mobile, Ala., based Austal USA today celebrated the start of construction on its first steel ship: a U.S. Navy Navajo Class Towing, Salvage, and Rescue Ship (T-ATS 11). The milestone was observed
Rhode Island Gov. Dan McKee has signed into law legislation that seeks to expand the state’s offshore wind energy resources. The new law requires a market-competitive procurement for between 600 and 1,000
Huntington Ingalls Industries (NYSE: HII) reports that its Newport News Shipbuilding division has reached a significant milestone in the compartment and systems construction of aircraft carrier John F. Kennedy (CVN 79). The
Finnish propulsion solution specialist Steerprop has made two key appointments at its newly established Houston-based subsidiary Steerprop, Inc. As we reported previously, Steerprop has set up the new subsidiary to meet its