Morgan City, La.-headquartered shipbuilder Conrad Industries, Inc. (OTC Pink: CNRD) has reported 2024 results that included net income of $11.2 million and income per diluted share of $2.24 for the twelve months
Yesterday, OpenTug, a maritime logistics software platform, announced a $2.2 million strategic investment led by TMV, an early-stage venture firm investing in the world’s leading entrepreneurs reshaping legacy industries through tech-enabled innovation. This
Fairbanks Morse Defense (FMD), an Arcline Investment Management company, reports that it has created a new blueprint to accelerate engine maintenance that is helping the U.S. Navy reduce deferred maintenance and increase
Crowley is enhancing the resiliency of its Isla Grande logistics terminal in San Juan, Puerto Rico, by installing a microgrid fueled by liquefied natural gas (LNG). It says that the innovative energy
The new field support vessel (FSV) being built by Crist S.A. in Gdynia, Poland, to operate on the Grand Banks off the coast of Newfoundland and Labrador, Canada (see earlier story), will
The Virginia Pilot Association has taken delivery of a new high-speed, pilot boat from Gladding-Hearn Shipbuilding, Duclos Corporation. It’s the Virginia pilots’ tenth launch built by the Somerset, Mass., shipyard since 1983.
ClassNK reports that the world’s first commercial-use ammonia-fueled tugboat, Sakigake, has successfully completed a three-month demonstration voyage, during which it engaged in tugboat operations in Tokyo Bay and achieved a GHG-emission reduction
Last week, Marine Log’s TTB 2025 (Tugs, Towboats & Barges) conference in Mobile, Ala., attracted nearly 250 vessel owners, operators, C-suite executives, suppliers, and shipyards. The event, which took place on March
Best Maritime Practices (BMP) for maritime security have been around and evolving since at least the time that Somali pirate hijackings were in the headlines. Now, with new threats continuing to evolve,
Waterways Council Inc. (WCI) has welcomed a new member to its team. She is Miranda Lang, who will serve as operations manager. She will work in concert with Amber McClay, WCI’s office