Wilmington-based NextBoat reported record revenue from its second-quarter earnings last week. NextBoat, a tech-focused boat marketplace company, formerly operated as Off the Hook Yachts before rebranding earlier this year to signal a new phase of growth. The company, founded by UNCW graduate Jason Ruegg in 2012, went public in November following a $15 million IPO.& ...

The Port of Wilmington added new fumigation capabilities to support a pilot program earlier this year aimed at reducing bottlenecks in the transport and treatment of grapes grown in Chile. Led by global integrated logistics firm Maersk, the pilot program, which included collaboration with produce supplier Oppy, was developed in response to concerns from Maersk customers ...

North Carolina Ports plans to use $9.8 million in recently awarded federal funds to construct a new off-terminal access and parking facility, along with a pedestrian bridge and shuttle connections at the Port of Wilmington. The U.S. Department of Transportation (USDOT) announced $1.73 billion in federal grants for 127 projects, including the one at the Port of Wilmingto ...

The U.S. Army Corps of Engineers announced Thursday the publication of its final reports on the proposed deepening of Wilmington’s harbor.  The proposed project led by the U.S. Army Corps of Engineers (USACE) and the N.C. State Ports Authority would deepen Wilmington’s harbor from 42 feet to 47 feet, along with extending and deepening navigation ch ...

A Wilmington-based publicly traded company focused on the buying and selling of boats has changed its name from Off the Hook Yachts to NextBoat Inc. NextBoat’s ticker symbol on NYSE American will change from OTH to NXB, effective May 29, according to a news release. The rebranding announcement follows the company’s first-quarter earnings report, whic ...

Roughly two months after receiving objections from state officials, the U.S. Army Corps of Engineers (USACE) is working to revise its report on the proposed deepening of Wilmington’s harbor. North Carolina’s Division of Coastal Management issued an objection in February to the proposed project that would deepen Wilmington’s harbor from 42 feet to 47 fe ...

North Carolina Ports aims to become the cold gateway of the Mid-Atlantic by 2031, Brian Clark, N.C. Ports' executive director said Thursday during the organization’s annual Cold Chain Summit. “We will build a leading customer-trusted cold chain gateway for perishables and temperature-sensitive goods serving the Mid-Atlantic,” Clark said. “Wit ...

The Wilmington Boat Show has been discontinued.  Jacqueline McGuinness, the founder and president of JBM & Associates, the firm that organized the show, said the decision was made several months ago due to ongoing weather-related disruptions and limited exhibit space.  "It was quite a hard decision, but, you know, we could see that it wasn't go ...

State review of a project that would deepen Wilmington’s harbor from its current 42-foot depth to 47 feet is currently paused. The N.C. Department of Environmental Quality’s Division of Coastal Management (DCM) paused its review at the request of the U.S. Army Corps of Engineers (USACE) in coordination with the N.C. State Ports Authority, according to a news ...

Jennifer Bushman sees oysters as a “phenomenal” opportunity to help engage investors in the blue economy. Bushman is the co-founder and executive director of Fed by Blue, which aims to bolster support for a responsible blue food system. She said it’s key not to silo the blue economy but instead to help the public and potential investors understand how ...