JPMorgan Chase is investing $24 million to expand shipbuilding, workforce training, and submarine manufacturing in Philadelphia.
gCaptain Article: JPMorgan Chase Commits $24 Million to Boost Shipbuilding and Submarine Supply Chain in Philadelphia
Port of Oakland Article: Port of Oakland Cargo Volumes Rise in June on Import and Export Growth
The Port of Oakland moved 181,356 TEUs in June, up 7.7% year over year, as loaded imports and exports both posted double-digit gains.
WorkBoat Article: MARAD Simplifies Citizenship Filings for Vessel Owners
MARAD has simplified citizenship documentation requirements for vessel owners and maritime businesses participating in federal programs. The final rule, effective June 4, reduces paperwork, removes certain personal-information disclosures, and eliminates notarization, though it leaves underlying citizenship standards and foreign-ownership rules unchanged.
gCaptain Article: TOTE Wins $2.2 Billion Contract to Manage U.S. Navy Medium Landing Ship Program
TOTE Services lands the Navy’s first-ever construction-manager contract, a $2.2 billion role steering the Medium Landing Ship program.
Splash247 Article: Burns Harbor Brings Ocean Boxes to Chicago’s Doorstep
America’s third-largest city is finally getting an all-water container gateway of its own.
Maritime Executive Article: US to Pay Anchorage $180M to Settle Long-Running Port of Alaska Litigation
A $180 million settlement clears the way to finally modernize Alaska’s busiest inbound-cargo port
gCaptain Article: NOAA Warns El Niño Could Rank Among Strongest on Record, Raising Shipping Concerns
NOAA forecasters say the strengthening El Niño could become one of the strongest on record, with an 81% chance of reaching “very strong” status—raising fresh concerns for Panama Canal transits and global shipping.
WorkBoat Article: Labor Department Awards $40 Million to Expand Shipbuilding Apprenticeship Programs
The Port of Bellingham secures $23.5 million in federal BUILD funds to rebuild and modernize its North Pier shipping terminal.
Container News Article: Port of Coos Bay Executes INFRA Grant for Pacific Coast Intermodal Port
The Port of Coos Bay has executed a US$25 million federal INFRA grant, matched by NorthPoint Development, to advance the Pacific Coast Intermodal Port. The combined US$50 million will fund permitting and engineering for the West Coast’s first ship-to-rail container gateway.
Maritime Executive Article: Maersk and Seaspan Launch Vessel Upgrade Program to Improve Efficiency
Maersk and Seaspan are rolling out a major fleet upgrade program, committing at least $75 million to retrofit 18 chartered vessels. The flagship project targets four 13,000 TEU ships with efficiency-boosting technology expected to lower slot costs by up to 13 percent.