Iberdrola Sells Stake in East Anglia One to GIG
Spanish public multinational electric utility company Iberdrola has entered into an agreement with Green Investment Group (GIG), part of Macquarie Group, to sell a 40% share in the East Anglia One offshore wind farm.The group will continue to be the majority shareholder, with 60% of this offshore wind farm, which will be one of the largest in the world when it enters into operation.According to transaction terms and conditions the entire value of EAO amounts to £4.1 billion and when the wind farm is operational in 2020…
Port of Boston Sets New Record
The Massachusetts Port Authority (Massport) announced another record year for the Port of Boston’s Paul W. Conley Container Terminal.From July 2018 through June 2019, Conley handled 307,331 twenty-foot equivalent units (TEUs) – an 8% increase in cargo volumes over FY2018 and a new all-time record for the fifth consecutive year. Total imports also rose by 12% over FY18 to 152,960 TEUs in advance of pending tariffs.“We are proud of Conley’s continued growth and success, which reflect the region’s strong economy and Conley’s high levels of productivity…
Connecticut Port Authority: the future is now
2019 brings new missions, strategies and new optimism for this three-port Northeast gateway.The Connecticut Port Authority began operations in 2016. The quasi-public agency’s mission is to grow Connecticut’s economy and create jobs by strategically investing in the state’s three deepwater ports and small harbors. In a nutshell, the Connecticut legislature teamed up with the governor to create the Connecticut Port Authority by statute in 2014.When it fully stood up, CPA’s first full time employee was none other than Evan Matthews, CPA’s Executive Director. He got right to work.
Massport Board Appoints New CEO
The Massachusetts Port Authority (Massport) picked its port director, Lisa Wieland, to be its next Chief Executive Officer(CEO), bypassing the other finalist, a member of the city's power elite, for one of the most influential public-sector jobs in the state.Board of Directors voted to offer Wieland the position of CEO and Executive Director for a five-year term. Contract negotiations will occur at a later date.The search firm Isaacson, Miller sought a diverse candidate pool for the position and more than 100 applications were received.
MBL Wins MIT Solve Challenge
Maritime Blockchain Labs (MBL) and BLOC participated in Massachusetts Institute of Technology's (MIT) Solve challenge, where tech entrepreneurs to address the world’s most pressing problems."BLOC and MBL participated in the challenge on coastal communities on how to mitigate and adapt to climate change while developing and prospering," said a press release."We are extremely proud to be part of the Solver class of this challenge, and are looking forward to the future collaboration with MIT…
Over 1,650 Cadets Graduate from American Maritime Academies
The American Maritime Partnership (AMP) — the voice of the domestic maritime industry — congratulates the more than 1,650 young men and women who have graduated from the seven U.S. maritime academies this Spring. Applauding them for their dedication and commitment to pursuing a career that supports our nation in times of both peace and war, AMP is proud to welcome a new generation to the workforce. Generations of retirement have created a shortage of mariners, making this and future classes of cadets all the more important.“A strong U.
Fitch Assigns 'AA' to Massport Bonds
Fitch Ratings has assigned a 'AA' rating to the Massachusetts Port Authority's (Massport) approximately $460 million series 2019-B and C senior lien revenue bonds. The Rating Outlook is Stable. Key Rating DriversThe 'AA' revenue bond rating reflects a very strong revenue risk profile anchored by the solid Boston service area, which has supported Logan Airport's (the airport) large, resilient traffic base of over 19 million enplanements and the Port of Boston's (the port) stable container and cruise activity.
Big Cash Boost at Boston Port
A new report from the Massachusetts Port Authority (Massport) shows the Port of Boston contributed $8.2 billion in economic activity in 2018, up from $4.6 billion in 2012.Smart investments and partnerships have led to growth in jobs, business revenues, and tax contributions, it said.“The finding that the Port of Boston contributed $8 billion in just one year to the regional economy underscores the important role transportation infrastructure plays in the vitality of an area,”…
DNV GL Appoints New Digital Solutions CEO
Kenneth Vareide has been appointed the CEO of DNV GL’s Digital Solutions business area, which is a provider of solutions for managing risk and improving asset performance.Its services are used primarily by the oil & gas, energy, renewable and maritime industries and it consists of close to 1,000 digital experts. Vareide joined DNV GL as a trainee in 1996 and most recently held the position of Digital Director in business area Maritime.“DNV GL has been a digital pioneer since the 1960s and it is an exciting and challenging time to pick up the CEO’s baton…
Thad Allen Joins HudsonAnalytix
HudsonAnalytix, announced that Admiral Thad Allen, U.S. Coast Guard retired, has joined their operation as a Senior Executive Advisor.Admiral Allen served as the 23rd Commandant of the Coast Guard from 2006 to 2010. He will be focusing on risk management for the global maritime transportation sector served by Hudson. Focus areas include regulatory and policy issues, crisis response and disaster management, environmental compliance, and cyber risk to shipping, ports, and supply chains.
U.S. DOT Announces New MTSNAC Members
U.S. Transportation Secretary Elaine L. Chao today announced the appointment of 29 members to the Maritime Transportation System National Advisory Committee (MTSNAC).Established in 2010, the MTSNAC is made up of leaders from commercial transportation firms, trade associations, state and local public entities, labor organizations, academia, and environmental groups that advise the Secretary on policies to ensure that the marine transportation system can respond to projected trade increases.“This advisory committee will help strengthen and modernize our nation’s maritime capabilities…
$35M for Boston Harbor Dredging Project
The Massachusetts Port Authority announced that $35 million has been secured to help fund the ongoing Boston Harbor Dredging Project. The project is approximately 30 percent complete, and this funding will enable the project to continue on schedule.The project is a $350 million partnership between the U.S. Army Corps of Engineers, the Commonwealth of Massachusetts and Massport. The maintenance dredging of the inner harbor was completed in December of 2017. The deepening of the main ship channels began in July 2018 to accommodate the large container vessels calling today and in the future.
Konecranes RTGs to Massport
The Massachusetts Port Authority (Massport) in the USA will take delivery of four Konecranes RTGs in 2019.The Massachusetts Port Authority (Massport) will operate four more Konecranes RTG by the end of 2019. The cranes will be delivered to Conley Terminal in Boston, where Massport will operate a fleet of twelve Konecranes RTGs. The order was booked in 2018.The Konecranes RTGs on order are 16-wheel machines lifting 40-ton containers 1-over-5, at six container rows wide plus truck lane. They will be equipped with the Konecranes Active Load Control (ALC) system, which eliminates container sway.
Saia Opens New Massachusetts Terminal
American trucking company Saia announced that Saia LTL Freight has opened its newest Northeastern terminal in Wrentham, Massachusetts. This is the 11th facility the company has launched in the region since 2017."Our expansion in the Northeast continues as we remain committed to providing more direct shipping points to our customers,” said Executive Vice President of Operations Paul Peck. “We are excited to be in Wrentham, which is just north of Providence, as we welcome our newest employees to the Saia family.
Mass. Maritime Honors IRI's Gallagher
William Gallagher, President of International Registries, to be named Massachusetts Maritime Academy's Maritime Person of the Year.Since 1995, Massachusetts Maritime Academy has been honoring leaders with a renowned career of excellence, innovation and service to the maritime industry with the Emery Rice Medal at their Salute to the Maritime Person of the Year events. This year they will honor Mr. William Gallagher the President of International Registries, Inc. for his distinguished support and expertise…
Conley Box Terminal Breaks TEU Record Again
The Port of Boston’s Paul W. Conley Container Terminal set a new all-time record in 2018 for volume for the fourth year in a row. The Port of Boston is the main artery of Massachusetts’ consumer economy, with imports and exports serving as vital catalysts for growth, investment and opportunity. More than 1,600 businesses across New England use the Port of Boston for importing and exporting goods.Conley Terminal handled 298,036 TEUs during 2018, serving as an efficient alternative to other U.S. East Coast ports for New England cargo.
Joey Farrell: Born to Marine Salvage
Boys are coaxed into cleanliness at bath time playing with boats. But it was never a game for Joseph Farrell, III, instinctively realizing he was ballasting and salvaging ships, unlike the typical Mr. Bubbles kid. The scion of Resolve Marine Group may have been born to lead the global emergency response company founded by his father with a single tug 38 years ago, but he’s never taken dangerous wreck removal lightly.Before turning 15, Joey had two close calls on and around ships that guide him today, at 34.
Crowley Awards Scholarships to Two Williams-Mystic Students
Two Williams-Mystic Maritime Studies Program students have been awarded scholarships by Crowley Maritime Corporation. Molly Tucker and Colby Weik were each chosen for their academic excellence, high morale and community involvement. The students also exhibited strong leadership qualities and were identified as articulate spokespeople for maritime education.Tucker is a sophomore at Pomona College in California, where she studies environmental analysis. Weik is a sophomore business major at Wheaton College in Massachusetts.
“Your nation needs you … now more than ever in our history”
The words of General Darren McDew rang true to Massachusetts Maritime Academy's nearly 400 graduates on a beautiful, albeit rain soaked, Saturday this past June.General McDew, who received an honorary doctorate at the 2018 Commencement, leads the United States Transportation Command and, in that role, oversees our nation’s projection of force wherever it is required in the world. Joining General McDew in receiving honorary doctorates were Dr. James S.J. Chao, Foremost Group Founder…
IMTRA Announces New Hires and Promotions
IMTRA, manufacturer and importer of solutions and products for the marine, energy and transportation markets, has announced new hires and promotions. The company has hired Brad Norton and Van Noorden and promoted Kinder Woodcock and Nate Cabral.Brad Norton has joined IMTRA’s service team in a product technical support role. With over 20 years as a licensed yacht captain, Norton will use his vast, hands-on knowledge of the workings and operation of boats supporting IMTRA customers who need technical and application assistance.
Port Houston Taps Moseley as CCO
Port Houston’s senior director of trade development John Moseley has been appointed to succeed retiring chief commercial officer Ricky Kunz.Moseley, the port’s senior director of trade development since 2010, will take the lead in developing and executing Port Houston’s commercial strategy. He is responsible for Port Houston’s real estate, trade development, economic development, marketing/external communications and media relations departments and the administration of Harris…
Port Canaveral Welcomes Mass Maritime Training Ship
Massachusetts Maritime Academy’s 540-foot training vessel, TS Kennedy, arrived at Port Canaveral Thursday. The ship has 275 Texas A&M Maritime Academy cadets plus their faculty and crew on board for a required sea term.In welcoming the Kennedy’s Capt. Michael Campbell, an alumnus of the Massachusetts Maritime Academy, Captain Murray presented the captain and crew with a traditional plaque to commemorate the vessel’s inaugural visit to the Port.“The hands-on training and learning…
Obituary: Maritime Industry Icon Jack Gallagher
John “Jack” J. Gallagher, a maritime industry veteran and environmental services pioneer, passed away on Monday at the age of 89.Jack’s greatest professional passion was his work as a Spill Manager/Qualified Individual, a role in which he had few peers. Jack was known to be fiercely committed to doing everything morally possible to protect his clients, while at the same time doing all within his power to protect the environment. He attended and helped shape the outcome of more maritime casualties and oil spills than can be remembered.Over the course of his long and fruitful career…
Stolt-Nielsen Names Grüner-Hegge CFO
Stolt-Nielsen Limited announced Jens F. Grüner-Hegge has been appointed as its new Chief Financial Officer, effective from April 2, 2018. Grüner-Hegge, who has served as Vice President, Corporate Finance since 2007, succeeds longtime CFO Jan Chr. Engelhardtsen, who will retire from his executive role and has been appointed to fill a vacancy on the company’s board of directors. With the addition of Engelhardtsen as a director, the SNL Board now has seven members, four of which are independent.
Mariners Warned of Strong Storm in US Northeast
The U.S. Coast Guard is warning mariners and the public Tuesday to exercise caution along the coasts of Rhode Island and Massachusetts Wednesday into Thursday as a strong winter storm is forecast in the area. Conditions are expected to deteriorate Wednesday night, with hazardous wind and sea conditions throughout Southern New England waters. Operation for any craft in the maritime environment will be dangerous, as there is high marine impact expected with 50 knot wind gusts and 20+ foot seas Wednesday into Thursday.
Massachusetts Maritime Academy Launches Third Master's Degree
MMA Launches Third Graduate Degree, M.S. Maritime Business Management. The Massachusetts Maritime Academy has announced the launch of their third Graduate Degree, the Master of Science in Maritime Business Management. MMA developed the MSMB over a four-year period as a campus-wide collaborative effort with the Academic Dean, the Dean of Graduate & Continuing Education, the undergraduate International Maritime Business Department faculty and input gathered from employers, prospective students, the Graduate Education Council, and MMA graduate and undergraduate alumni.