JUNE 29, 2012 — BAE Systems has begun construction on the MV Magdalen, an 8,500 cubic yard capacity trailing suction hopper dredge for Weeks Marine, Inc. Executives from the two companies gathered
JUNE 8, 2012 — Jones Act containership operator Horizon Lines, Inc. (OTCQB: HRZL) reports that Sam Woodward has joined the company as President and Chief Executive Officer (CEO) and has been appointed
JUNE 7, 2012 — BAE Systems has begun construction on the MV Magdalen, an 8,500 cubic yard capacity trailing suction hopper dredge for Weeks Marine, Inc. Executives from the two companies gathered
United Maritime Group, LLC, Tampa, FL, announced that it has entered into a definitive agreement to sell its wholly owned subsidiary U.S. United Bulk Terminal, LLC, to Bulk Handling USA, Inc., an
U.S.-flag containership operator Horizon Lines, Inc. (OTCQB: HRZL) has reported financial results for the fiscal first quarter ended March 25, 2012 and revealed that it will be drydocking three of its vessels
Horizon Lines, Inc. (OTCQB: HRZL) says that it has completed transactions with more than 99 percent of its noteholders, and with Ship Finance International Limited, to substantially deleverage the company’s balance sheet
Publicly traded Rand Logistics, Inc., New York, NY, completed the acquisition of its fifth vessel this year, a Jones Act compliant, self-unloading articulated tug/barge unit. Concurrent with the closing, Rand Logistics placed
Matson Navigation is again to become a separate company. Although the phrase “spin off” was never used, Alexander & Baldwin, Inc. (NYSE:ALEX) today announced that its Board of Directors has unanimously approved
Maritime unions are up in arms and calling for the resignation of U.S. Maritime Administrator David Matsuda, following the release of a MarAd report that compares the costs of U.S.-flag and foreign-flag
Hornbeck Offshore Services, Inc. (NYSE:HOS) reports that its Board of Directors has approved a new vessel construction program for its wholly-owned subsidiary, Hornbeck Offshore Services, LLC. The company is now in the
