Maritime

Genesis Energy, L.P. to Present at the 2020 Citi One-on-One Midstream / Energy Infrastructure Virtual Conference

Wednesday, August 12, 2020 - 11:00am

Genesis Energy, L.P. (NYSE: GEL) announced today that it will participate in the 2020 Citi One-on-One Midstream / Energy Infrastructure Virtual Conference.

Key Points: 
  • Genesis Energy, L.P. (NYSE: GEL) announced today that it will participate in the 2020 Citi One-on-One Midstream / Energy Infrastructure Virtual Conference.
  • Genesis Energy, L.P. is a diversified midstream energy master limited partnership headquartered in Houston, Texas.
  • Genesis operations include offshore pipeline transportation, sodium minerals and sulfur services, onshore facilities and transportation and marine transportation.
  • Genesis operations are primarily located in the Gulf Coast region of the United States, Wyoming and the Gulf of Mexico.

Kansas City Southern Declares Dividends on 4% Non-Cumulative Preferred Stock and Common Stock

Tuesday, August 11, 2020 - 10:00pm

Kansas City Southerns (KCS) (NYSE:KSU) Board of Directors on August 11, 2020 declared a regular dividend of $0.25 per share on the outstanding KCS 4% non-cumulative preferred stock.

Key Points: 
  • Kansas City Southerns (KCS) (NYSE:KSU) Board of Directors on August 11, 2020 declared a regular dividend of $0.25 per share on the outstanding KCS 4% non-cumulative preferred stock.
  • The dividend is payable on October 6, 2020 to preferred stockholders of record at the close of business on September 14, 2020.
  • The Board of Directors also declared a regular dividend of $0.40 per share on the outstanding KCS common stock.
  • Headquartered in Kansas City, Mo., Kansas City Southern (KCS) (NYSE: KSU) is a transportation holding company that has railroad investments in the U.S., Mexico and Panama.

U.S. Navy Awards BAE Systems Modernization Contract for USS Carney and USS Winston S. Churchill

Tuesday, August 11, 2020 - 8:00pm

BAE Systems has received an $83.5 million contract from the U.S. Navy to modernize the guided-missile destroyers USS Carney (DDG 64) and USS Winston S. Churchill (DDG 81).

Key Points: 
  • BAE Systems has received an $83.5 million contract from the U.S. Navy to modernize the guided-missile destroyers USS Carney (DDG 64) and USS Winston S. Churchill (DDG 81).
  • View the full release here: https://www.businesswire.com/news/home/20200811005766/en/
    BAE Systems will modernize the guided-missile destroyers USS Carney (DDG 64) and USS Winston S. Churchill (DDG 81) at its shipyard in Jacksonville, Florida.
  • (Photo credit: BAE Systems)
    The USS Carney will be first in the shipyard, arriving in September 2020.
  • The USS Winston S. Churchill is named after the renowned British prime minister and was commissioned in 2001.

Tideworks Technology Introduces Mainsail 10 and Announces Go-Live at MIT

Tuesday, August 11, 2020 - 3:00pm

Tideworks Technology Inc. (Tideworks), a full-service provider of comprehensive terminal operating system (TOS) solutions, today announced the go-live of its new marine TOS solution, Mainsail 10 at Manzanillo International Terminal (MIT) in Panama.

Key Points: 
  • Tideworks Technology Inc. (Tideworks), a full-service provider of comprehensive terminal operating system (TOS) solutions, today announced the go-live of its new marine TOS solution, Mainsail 10 at Manzanillo International Terminal (MIT) in Panama.
  • Tideworks engineered Mainsail 10 to provide terminal operators with increased flexibility and a TOS solution that can seamlessly integrate and scale to adapt to changing operational needs.
  • We are thrilled to introduce our next-generation TOS that will offer a strategic advantage to terminal operators worldwide, said Thomas Rucker, president of Tideworks.
  • The successful go-live of Mainsail 10 at MIT is the first deployment of our latest marine TOS and signifies another milestone in our long-term partnership with MIT.

DSV Air & Sea and Augury Extend Machine Health Ecosystem to Enable Diagnostics-Driven Parts and Logistics Management

Tuesday, August 11, 2020 - 2:05pm

Together the companies have created an industry-first offering that delivers Machine Diagnostics and Parts Logistics as an integrated service for industrial and manufacturing companies.

Key Points: 
  • Together the companies have created an industry-first offering that delivers Machine Diagnostics and Parts Logistics as an integrated service for industrial and manufacturing companies.
  • Customers utilizing both offerings can now have the predictive diagnostics alerts from Augurys Machine Health solution trigger the delivery of required replacement parts via DSVs global network.
  • The new solution from DSV and Augury helps meet these needs, letting customers gain benefits of Machine Health-as-a-service and outsource logistics for parts delivery and supply chain management.
  • DSV Air & Sea is a Danish transport and logistics company offering transport services globally by road, air, sea and train.

Yamaha Rightwaters™ Powers Keep the Tennessee River Beautiful Work Boat

Tuesday, August 11, 2020 - 2:00pm

Yamaha Rightwaters joined forces with Anderson Marine to re-power Keep the Tennessee River Beautifuls (KTNRBs) 25-foot aluminum work boat with a V MAX SHO 90 outboard.

Key Points: 
  • Yamaha Rightwaters joined forces with Anderson Marine to re-power Keep the Tennessee River Beautifuls (KTNRBs) 25-foot aluminum work boat with a V MAX SHO 90 outboard.
  • View the full release here: https://www.businesswire.com/news/home/20200811005477/en/
    Kathleen Gibi, Executive Director, Keep the Tennessee River Beautiful, and volunteers use a Yamaha V MAX SHO-powered work boat to remove trash and debris from the Tennessee River.
  • Yamaha Rightwaters began its support of Keep the Tennessee River Beautiful after meetings during the 2019 Bassmaster Classic in Knoxville, Tenn. Yamaha Rightwaters also sponsors KTNRBs Ripple Effect Awards, which recognize the many individuals, groups, companies and organizations that work hard to improve and protect the Tennessee River and its tributaries.
  • The Tennessee River is in Yamahas backyard, both in Tennessee and Georgia, said John OKeefe, Senior Specialist, Government Relations, Yamaha Marine U.S. Business Unit.

Sypris Wins Contract With Leonardo DRS

Tuesday, August 11, 2020 - 1:00pm

Sypris Electronics, LLC, a subsidiary of Sypris Solutions, Inc. (Nasdaq/GM: SYPR), announced today that it has received an initial contract award from the Leonardo DRS Naval Electronics business unit to manufacture and test electronic assemblies for a shipboard system.

Key Points: 
  • Sypris Electronics, LLC, a subsidiary of Sypris Solutions, Inc. (Nasdaq/GM: SYPR), announced today that it has received an initial contract award from the Leonardo DRS Naval Electronics business unit to manufacture and test electronic assemblies for a shipboard system.
  • Sypris Electronics has extensive experience working on mission critical Navy programs, said Jim Long, Vice President & General Manager of Sypris Electronics.
  • Leonardo DRS is an industry leader in Naval Electronics and the opportunity to support them on this program is an honor for Sypris Electronics.
  • We are excited to support Leonardo DRS on this program and to expand our relationship with Leonardo DRS.

Convoy Launches Factoring and Fuel Card to Carriers Nationwide

Tuesday, August 11, 2020 - 10:00am

Convoy now offers qualified carriers access to immediate payment, at a rate of 0% with QuickPay for Convoy loads and 1% - 2.99% with factoring for non-Convoy loads.

Key Points: 
  • Convoy now offers qualified carriers access to immediate payment, at a rate of 0% with QuickPay for Convoy loads and 1% - 2.99% with factoring for non-Convoy loads.
  • Additionally, Convoy launched a new fuel card which helps address the single biggest cost to carriers on the road.
  • Today, Convoy addresses one of the largest expenses for carriers with the introduction of the Convoy fuel card.
  • With carriers consuming more than 18,000 gallons per year, the discount offered by the Convoy fuel card can save carriers more than $12,000 per truck per year.

Eagle LNG and Crowley Celebrate 100th LNG Bunkering for CONRO Ships at JAXPORT

Monday, August 10, 2020 - 1:00pm

Last Friday, Eagle LNG Partners (Eagle LNG) celebrated the 100th bunkering event of liquefied natural gas (LNG) from its Talleyrand LNG Bunker Station, located at Jacksonville Port Authority (JAXPORT), with Crowley Maritime (Crowley).

Key Points: 
  • Last Friday, Eagle LNG Partners (Eagle LNG) celebrated the 100th bunkering event of liquefied natural gas (LNG) from its Talleyrand LNG Bunker Station, located at Jacksonville Port Authority (JAXPORT), with Crowley Maritime (Crowley).
  • Eagle LNG is proud of this accomplishment having delivered on its weekly LNG bunkering commitment regardless of COVID-19 constraints or shipping challenges.
  • Eagle LNG is proud of the safety practices jointly created with the U.S. Coast Guard Sector Jacksonville, the Jacksonville Fire and Rescue Department, Crowley and JAXPORT practices that are now a standard for others in the LNG industry.
  • Eagle LNG is also supplying LNG to ISO tank containers for distribution into the Caribbean for power and industrial users.

AERO Corporation Co Ltd Awards Integrated Defense and Security Solutions (IDSS) Contract for DETECT™ 1000 Dual Energy Computed Tomography Checkpoint Baggage Screening Systems

Monday, August 10, 2020 - 1:00pm

Today, Integrated Defense and Security Solutions (IDSS) announced that AERO Corporation Co Limited (AERO) has awarded a contract for DETECTTM 1000 Advanced Computed Tomography Checkpoint systems in support of the Suvarnabhumi International Airport located in Bangkok, Thailand.

Key Points: 
  • Today, Integrated Defense and Security Solutions (IDSS) announced that AERO Corporation Co Limited (AERO) has awarded a contract for DETECTTM 1000 Advanced Computed Tomography Checkpoint systems in support of the Suvarnabhumi International Airport located in Bangkok, Thailand.
  • The Suvarnabhumi International Airport is one of the airports managed and operated by Airports of Thailand Public Company Limited (AOT).
  • The operation and service of the DETECTTM 1000 systems deployed earlier this year, demonstrates its capability to enhance efficiencies and the passenger experience while improving security.
  • Integrated Defense and Security Solutions is a small business which develops and manufactures security technology systems based in Boxborough, Massachusetts.