Off the Hook Yachts has acquired Sloop Point Marina, a boat storage facility in Hampstead.  With 235 dry slips, the dry storage facility will transition back to a leasing model under the new ownership. Last year, Sloop Point Marina began offering its slips for sale, and about 90 in total were sold, according to an Off the Hook Yachts release. Owner Jason Ruegg p ...

Next week, a new carrier will make its inaugural call to the Port of Wilmington.  United Kingdom-based Ellerman City Liners has announced Wilmington as a stop among its new service line, the U.S. Express Service (USX).  The bi-weekly service will expand the port’s access to Northern European markets. The USX service will operate with a port rotation f ...

Amid a tumultuous period of international supply chain disruptions, overall volumes at the Port of Wilmington haven’t slowed, officials said.    As consumer spending remains persistent in the face of rising interest rates and pessimistic economic forecasts, a consistent stream of goods has continued to flow through the Port of Wilmington.    & ...

The U.S. Department of Transportation has announced a tranche of grant awards, including $18 million headed to the Port of Wilmington for a rail enhancement project.  On Thursday, the DOT named awardees that were granted a combined $2.2 billion from the Rebuilding American Infrastructure with Sustainability and Equity (RAISE) program – designed to assist comm ...

Port City Logistics leaders have had their eyes on Wilmington for a few years. The Savannah-based logistics company announced it had plans to expand into Wilmington earlier this week, and CEO Eric Howell said the markets' similarities helped officials make their decision.  “Wilmington reminds us of Savannah 15, 20 years ago, before Savannah kind of p ...

Gov. Roy Cooper announced on Tuesday a third-party logistics provider will create 75 new jobs in New Hanover County.  Port City Logistics plans to construct a 150,000-square-foot “high velocity” transload facility with cross-dock doors located near the Port of Wilmington. This buildout will cost around $16 million and will introduce a warehouse storage ...

After years of inactivity due to storm damage, the Port of Wilmington once again has an operating wood chip facility with the opening of Basaga International.  The company exported its first major shipment filled with 36,000 short tons of wood chips on July 24, headed to Turkey. Aboard a roughly 650-foot vessel, Basaga International loaded roughly $2.5 million wort ...

Bald Head Island Ltd. has cemented a purchase agreement with a Raleigh-based private equity firm to sell the island’s ferry transportation infrastructure and other lingering assets of the George Mitchell estate.  The $67.7-million deal with SharpVue Capital announced Tuesday is partially contingent upon the approval of the transaction by the N.C. Utilities Co ...

Rights to plan two wind farms off the coast of Southeastern North Carolina were provisionally awarded to two companies Wednesday, fetching $315 million in combined bids.  The Bureau of Ocean Energy Management’s (BOEM) auction began Wednesday morning for two lease areas in the Wilmington East Wind Energy Area, totaling nearly 110,100 acres. With each area ...

Bald Head Island Ltd., the parent company of the island’s ferry transportation enterprise, is asking state regulators to disregard the Village of Bald Head Island’s request for additional oversight on the company's other transportation-related services.  Last month, the village formally asked the N.C. Utilities Commission to regulate Bald Head Islan ...