Maritime

Mar 16, 2018

N.C. Ports Recovers From Hanjin Bankruptcy, Gets Fitch Upgrade

By Christina Haley O'Neal, posted Mar 16, 2018

N.C. Ports experienced a quick and full recovery after the bankruptcy of Hanjin Shipping Co., its largest customer, according to a March report by Fitch Ratings. Increased shipping lines that have led to increased throughput at the ports were some of the key drivers cited as Fitch Ratings upgraded N.C. Ports’ $38.2 million senior lien port facilities rev ...

Jan 31, 2018

New Cranes, Said To Boost Business, En Route To Wilmington Port

By Christina Haley O'Neal, posted Jan 31, 2018

N.C. Ports is expecting the arrival of two neo-Panamax cranes this spring, building upon the port’s ongoing infrastructure improvements that officials have said will increase its global marketability. The two cranes were constructed by Shanghai Zhenjua Heavy Industry Co., the same company that built the port’s current post-Panamax cranes, according to Bethan ...

Dec 15, 2017

2017 Top Stories: No. 4 - Port Of Wilmington Adds New Service Lines

By Christina Haley O'Neal, posted Dec 15, 2017

The Port of Wilmington is seeing new growth, recovering business after the upheaval of global ocean carrier Hanjin Shipping Co. in mid-2016.   The port saw nearly 231,000 TEUs (20-foot equivalent unit containers) in its 2017 fiscal year from July to June, down from about 284,700 in the 2016 fiscal year, according to numbers released by N.C. Ports.   Officials ...

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What’s the Penalty Applied by Medicaid for Gifts or Transfers?

Posted Jun 1, 2018
When seniors and their families are planning for long-term care, a common question that arises is, Why can’t we just start giving our money or assets to our loved ones or family members now? 

In a common scenario, a parent may decide to give real estate – like a primary residence or a family beach house – to family members with the belief that divesti...read entire article
Dec 12, 2017

Corps’ Hurricane Relief Work Continues

By Terry Reilly, posted Dec 12, 2017

With hurricane season ending on Nov. 30, thoughts of violent tropical storms have been replaced by holiday season plans for most Cape Fear residents. But not everyone.   Lisa Parker recently spent weeks in the U.S. Virgin Islands helping with the islands recover from the double barrel blasts from Hurricane Irma and Hurricane Maria that devastated the three main isla ...

Dec 11, 2017

N.C. Ports Secures USDA Cold Treatment Certifications

By Christina Haley O'Neal, posted Dec 11, 2017

N.C. Ports has secured certifications that will allow more direct imports of produce across the Americas and other countries, port officials announced Monday. The port now has both Phase 1 and 2 of the U.S. Department of Agriculture’s Southeast In-Transit Cold Treatment Pilot program. Cold treatment is a process whereby perishable fruits have their pulp brought to ...

Dec 4, 2017

Developer Plans 300,000 SF Industrial Facility Near Wilmington Port

By Christina Haley O'Neal, posted Dec 4, 2017

Jacksonville, Florida-based industrial and office developer Chesterfield has plans to construct a 300,000-square-foot industrial facility near the Port of Wilmington, officials with the company said Monday. The main 23-acre site is located on port property across the street from Vertex Railcar Corp., in the 200 block of Raleigh Street, and about 0.9 mile away from the m ...

Nov 15, 2017

N.C. Ports Positioning Growth As A Cold Chain Gateway

By Christina Haley O'Neal, posted Nov 15, 2017

N.C. Ports is positioning itself to be a more competitive cold chain gateway. That gateway, which encourages the use of the port as a temperature-controlled market option for more imports and exports, was the focus of morning presenters at the first N.C. Ports Cold Chain Summit at the Wilmington Convention Center on Wednesday.   The event took a look at expanding ...

Nov 3, 2017

New Container Service Scheduled To Begin At Port

By Christina Haley O'Neal, posted Nov 3, 2017

A new service line that Port of Wilmington officials said could impact the textiles and legacy apparel industry across the Southeastern U.S. will call the port in late-November. Crowley Maritime Corp. will offer weekly, fixed-day, full and less-than-container-load shipping and logistics services between the Port of Wilmington, Guatemala and Honduras, ...

Oct 11, 2017

Enviva Completes Wilmington Terminal Drop-down Acquisition

By Christina Haley O'Neal, posted Oct 11, 2017

Enviva Partners LP recently announced that the firm has completed the acquisition of Enviva Port of Wilmington LLC from Enviva Wilmington Holdings LLC, a joint venture between Enviva Holdings LP, Hancock Natural Resource Group Inc. and other affiliates of John Hancock Life Insurance Co. The Maryland-based company agreed in May to the purchase for $130 million pursuant t ...

Sep 27, 2017

Norfolk Firm Acquires Waters Shipping Co. In Wilmington

By Christina Haley O'Neal, posted Sep 27, 2017

A Norfolk, Virginia-based freight forwarder and customs broker has acquired a Wilmington company, merging two family-operated businesses that will serve importers and exporters in an office next to the Port of Wilmington. CV International (CVI) announced this week that it has completed the acquisition of Wilmington-based Waters Shipping Company, according to a ...

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In The Current Issue

Berry Farms Weather The Ups And Downs

The weather might have made the 2018 growing season challenging for local berry farmers thus far, but it has not slowed demand for straight-...


Mirimichi Looks To Changing Landscape

Russ Britton started his sustainable landscape products company with a star-studded partnership and plans to continue to grow Mirimichi Gree...


Construction Zone: Updates On 4 Commercial Projects

Current commercial building activity in Wilmington includes retail and office space, with more planned in the coming years throughout the ar...

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2018 Power Breakfast: The Main Event
2018 WilmingtonBiz Expo - Keynote Lunch with Eric Dinenberg, Rouse Properties
2017 Health Care Heroes