Tag: investment


Ocean Installer brand makes comeback

January 19, 2023

Via: Splash 247

Marine construction contractor Havfram Subsea is reclaiming the Ocean Installer brand. Havfram’s subsea business was known as Ocean Installer from the company’s inception in 2011, with the 2020 name change reflecting its diversification into the offshore wind industry. The relaunch […]

Impact & Regulations

USDOT Unveils Five Year $5B Research Plan

January 13, 2023

Via: AASHTO Journal

The U.S. Department of Transportation recently released a research plan for fiscal years 2022-2026 that will guide $5 billion worth of funding provided via the $1.2 Infrastructure Investment and Jobs Act or IIJA enacted in November 2021. The U.S. Department […]


Maersk to speed up eFuel development with latest investment in US startup

September 23, 2021

Via: Offshore Energy

Danish shipping giant A.P. Moller – Maersk has made an investment in US-based startup company Prometheus Fuels focused on developing cost-efficient, carbon-neutral eFuels for shipping. This investment is made through Maersk Growth, the corporate venture unit of A.P. Moller – […]


CMA CGM, AD Ports to build new terminal at Khalifa Port

September 9, 2021

Via: Offshore Energy

Under the deal, the new terminal will be established at Khalifa Port, the first semi-automated container port in the GCC region. It will be managed by a joint venture owned by CMA CGM’s subsidiary CMA Terminals (with a 70 percent […]


Louisiana announces participation in United for Infrastructure Week, urges investment for state’s transportation system

May 12, 2021

Via: Transportation Today

The Louisiana Department of Transportation and Development (DOTD) is participating in United for Infrastructure Week now through Friday. United for Infrastructure Week highlights the need for prioritizing crucial investments in our nation’s infrastructure. It is aimed at the public and […]


GM to invest $1B to build electric vehicles in Mexico

April 30, 2021

Via: FreightWaves

General Motors (NYSE: GM) announced Thursday it will invest $1 billion in a manufacturing complex in Ramos Arizpe, Mexico, that will build electric vehicles by 2023. “This investment will serve to prepare the complex for an expansion in the assembly […]


Biden’s Infrastructure Proposal Includes $17 Billion for Ports and Waterways

April 2, 2021

Via: gCaptain

President Biden on Wednesday announced a more than $2 trillion jobs-creating infrastructure proposal which the administration says will add millions of jobs and position the United States to out-compete China. “It’s a once-in-a-generation investment in America, unlike anything we’ve seen […]


GM, Microsoft Lead $2 Billion Funding Round for Cruise

January 19, 2021

Via: Transport Topics

General Motors Co. and Microsoft Corp. are leading a $2 billion investment round in self-driving car startup Cruise in a deal that will bring the software giant’s cloud and edge-computing capabilities to the venture. The new funds will raise Cruise’s […]


US Fuel Cell Truck Startup Hyzon Gets Investment From French Oil Giant

October 9, 2020

Via: Transport Topics

Total SE is making an investment as part of a small funding round in U.S. fuel cell truck startup Hyzon Motors, an effort by the French oil giant to boost development of cleaner energy sources. The strategic investment was made […]


Wilhelmsen Ship Management takes 50% stake in Ahrenkiel Steamship

July 21, 2020

Via: Offshore Energy

The joint venture will operate under the brand Wilhelmsen Ahrenkiel Ship Management in Hamburg and Rhoon, while supported by Wilhelmsen’s global network. As informed, the new company will have around 100 employees and will manage a fleet of currently 72 […]


Self-Driving Startup Argo Completes $2.6 Billion Tie-Up With VW

June 2, 2020

Via: Transport Topics

Argo AI, the self-driving startup tightly aligned with Ford Motor Co., completed an expected tie-up with Volkswagen AG involving a $2.6 billion investment from the German automaker. VW’s investment includes a $1 billion cash infusion and the folding of its […]

Infrastructure, Travel & Public Transit

Public transit investment in large metro areas reap a better return, study finds

November 13, 2019

Via: Metro Magazine

Public transportation investments in large metropolitan areas reap a better return, with more passengers adopting public transport, than those in smaller cities, according to a study conducted by researchers from the University of Sydney. The research analyzed data collected from […]

Travel & Public Transit

Public transit’s impact in Missouri exceeds $3.67B, study finds

October 23, 2019

Via: Metro Magazine

The direct and indirect impact of public transit in Missouri this year exceeds $3.67 billion, according to the findings of a new study by Citizens for Modern Transit. The six-month study was designed to quantify the economic impact of public […]


US to Inject USD 292 Mn into Its Ports

June 13, 2019

Via: World Maritime News

According to the U.S. Department of Transportation (DOT), the new program aims to support public coastal ports by improving the safety, efficiency, or reliability of goods movement into, out of, or within a port. “This major investment in the Port […]


Ocean Yield Eyes More Ship Investments

December 29, 2017

Via: World Maritime News

Norwegian shipowner Ocean Yield unveiled that it is currently in negotiations related to further investment in modern vessels with long term charters. The final decisions with respect to these investments is expected to be made during the next few weeks. […]