Orion Reports Fourth Quarter and Full Year 2020 Results; on flat revenues income jumped from $5mm net loss to $20 mm net gain


Top Stories
$1bn Houston Ship Channel development scheme expected to start this year

$1bn Houston Ship Channel development scheme expected to start this year

TX, United States

The Port of Houston, America’s busiest port, is expected to begin tendering work packages for its estimated $1bn project to widen and deepen the 58-mile Houston Ship Channel after the US Army Corps of Engineers (USACE) gave it a “new start” designation and $19.5m in federal funds to get going. Called “Project 11” because it’s… Read More

Port of Oakland names Julie Lam CFO

Port of Oakland names Julie Lam CFO

CA, United States

Key architect of COVID-19 response that eased pandemic crunch A key architect of the Port of Oakland’s COVID-19 response has been named the agency’s Chief Financial Officer. The Port said today that Julie Lam ascended to the post Feb. 8.  She had been Acting CFO for the past 10 months. According to the Port, Ms…. Read More

CIT sole lead arranger on $45 million Mangrove Partners deal

CIT sole lead arranger on $45 million Mangrove Partners deal

NY, United States

CIT Group Inc. (NYSE: CIT) reports that its Maritime Finance business served as sole lead arranger on a $45 million financing for a portfolio of seven containerships. The financing was arranged on behalf of a fund managed by Mangrove Partners, a New York City-based value-oriented investment manager with substantial expertise is shipping assets. All seven… Read More

Supreme delivers new deep/digging clamshell dredge to Ohio USA plant

Supreme delivers new deep/digging clamshell dredge to Ohio USA plant

OH, United States

Breaking News from DredgeWire Thursday, February 18, 2021 — Western OH: Construction is underway on a new Supreme Manufacturing, Inc. (SMI) floating clamshell dredge at a sand and gravel operation in Western OH, USA. The new SMI machine is a gantry style dredge with a 16yd3 (12.2m3) bucket (model MD-16).  Designed specifically for this operation’s stony deposit, the MD-16 will utilize the latest… Read More


Company & People News/Dredge Mining

Congratulations – Mr. Byron Williams Galveston District DPM

TX, United States

It gives me great pleasure to announce the selection of Mr. Byron Williams, PMP, as the new Galveston District Deputy District Engineer for Programs and Project Management following a long and thorough selection process. Byron has been serving as the Acting DPM for SWG since September 2020, where he oversees projects and services in an… Read More

Orion Reports Fourth Quarter and Full Year 2020 Results; on flat revenues income jumped from $5mm net loss to $20 mm net gain

Houston , TX, United States

HOUSTON–(BUSINESS WIRE)–Feb. 24, 2021– Orion Group Holdings, Inc. (NYSE:ORN), a leading specialty construction company, today reported net income of $3.7 million ($0.12 diluted earnings per share) for the fourth quarter ended December 31, 2020. Fourth quarter highlights are discussed below. For full year results please refer to the financial statements starting on page 7. Fourth… Read More

Sembcorp Marine books loss and expects trend to continue

Singapore

After reporting a higher net loss in FY2020 compared to FY2019 impacted by decreasing revenues due to lower activity and project stoppages and delays caused by Covid-19, Singapore’s offshore construction specialist Sembcorp Marine expects losses to continue. In its financial report on Tuesday, Sembcorp Marine emphasised that no existing projects were cancelled due to the… Read More

CIT sole lead arranger on $45 million Mangrove Partners deal

NY, United States

CIT Group Inc. (NYSE: CIT) reports that its Maritime Finance business served as sole lead arranger on a $45 million financing for a portfolio of seven containerships. The financing was arranged on behalf of a fund managed by Mangrove Partners, a New York City-based value-oriented investment manager with substantial expertise is shipping assets. All seven… Read More


Events & Conferences

Avon Beach Nourishment, the Future of N.C. 12, and New Dredge Highlighted in State of the County 2021 Presentation

NC, United States

Dare County Board of Commissioners (BOC) Chairman Bob Woodard summarized the highlights of an otherwise bleak 2020, and touched on projects that the county is focused on in the months to come, in the annual State of the County presentation on January 27. Held virtually with just a handful of Dare County Commissioners in attendance,… Read More

WEDA has issued Volume 19 of its Technical Journal of Dredging

United States

WEDA Journal of Dredging (Vol 19 No 1) Source: westerndredging


Port News

US House Transportation Leaders Press Biden for Ports Funding

United States

The leadership of the transportation committee at the U.S. House of Representatives is calling on the White House to prioritize a fund used to back maintenance projects at the country’s ports. Transportation and Infrastructure Committee Chairman Peter DeFazio (D-Ore.) and ranking member Sam Graves (R-Mo.) proposed in a joint statement that President Joe Biden call… Read More

JAXPORT marks LNG bunkering milestone

FL, United States

JAX LNG and TOTE Services recently completed their first ship-to-ship liquefied natural gas (LNG) bunkering of a foreign-flagged vessel at the Jacksonville Port Authority (JAXPORT). Crews loaded 1,800 cubic meters (450,000 gallons) of LNG from North America’s first LNG bunker barge, the Clean Jacksonville, to the LNG-powered vehicle carrier, Siem Confucius, at JAXPORT’s Blount Island… Read More

Port of Corpus Christi Honored for Excellence in Financial Reporting

TX, United States

Corpus Christi, TX, USA – Government Finance Officers Association of the United States and Canada (GFOA) has awarded the Certificate of Achievement for Excellence in Financial Reporting to the Port of Corpus Christi for its Comprehensive Annual Financial Report (CAFR) for the fiscal year ending December 31, 2019. The report was judged by an impartial panel… Read More

$1bn Houston Ship Channel development scheme expected to start this year

TX, United States

The Port of Houston, America’s busiest port, is expected to begin tendering work packages for its estimated $1bn project to widen and deepen the 58-mile Houston Ship Channel after the US Army Corps of Engineers (USACE) gave it a “new start” designation and $19.5m in federal funds to get going. Called “Project 11” because it’s… Read More


Product and Technical Innovation

Water Injection Dredger (WID) Osprey

NC, United States

Van der Leun America successfully installed and delivered the electrical installation for the “Osprey” Water Injection Dredger (WID) of IHC America. Shipyard St Johns Shipbuilding contracted by IHC America Customer North Carolina State Port Authorities (NCSPA) The dredger is built at St Johns Shipbuilding in Palatka, Florida and will be operating in Wilmington, North Carolina.The… Read More

Harbor Beach buys new pump for sewer

MI, United States

The Harbor Beach City Council voted to purchase a new pump for its sewer and sell a piece of formerly foreclosed land during its Feb. 16 meeting. The city council approved the purchase a larger pump for the rebuild of the DPW sewer machine. At a former meeting, DPW Supervisor Mike Jurgess had requested the… Read More

Supreme delivers new deep/digging clamshell dredge to Ohio USA plant

OH, United States

Breaking News from DredgeWire Thursday, February 18, 2021 — Western OH: Construction is underway on a new Supreme Manufacturing, Inc. (SMI) floating clamshell dredge at a sand and gravel operation in Western OH, USA. The new SMI machine is a gantry style dredge with a 16yd3 (12.2m3) bucket (model MD-16).  Designed specifically for this operation’s stony deposit, the MD-16 will utilize the latest… Read More


Project Updates & Industry Developments

Rhode Island Holding Election March 2 Question 2 Includes Funding for Dredging

United States

Something unusual is happening next month. For the first time in decades, Rhode Island is holding a statewide election without any candidates on the ballot. Money is on the ballot March 2, when voters will be asked to weigh in on seven referendums that would approve a combined $400 million in state borrowing for a broad swath of public projects. Adding interest over the 20-year… Read More

Bay Head seeks emergency NJ permit to fix storm-battered dunes

NJ, United States

BAY HEAD – As the sea continues to carve into the storm-battered dunes on Bay Head’s beach, Mayor Bill Curtis says he hopes an emergency permit to make repairs will soon be approved by the state Department of Environmental Protection. The borough plans to use one of its on-call contractors to lower the slope of eroded dunes that Curtis… Read More

Gov. Walz’s bonding bill doesn’t include Fountain Lake dredging

MN, United States

Although Gov. Tim Walz’s $518 million bonding bill focused on infrastructure in Minnesota, funds for the final year of dredging on Fountain Lake were not included. Companion bills before the Legislature — filed by Rep. Peggy Bennett, R-Albert Lea, and Sen. Gene Dornink, R-Hayfield — would provide the $7.5 million to complete the work and… Read More

La. coastal authority plans to spend $887M next fiscal year

LA, United States

The Louisiana Coastal Protection and Restoration Authority expects to spend $887 million next fiscal year if the money is available, according to a draft plan CPRA’s director presented Friday to the board. Of that total, $633 million, or 71%, would be spent on construction. Other uses involve planning, design, maintenance and general operation costs. Estimated… Read More


Upcoming Projects/Contracts/Tenders

Congratulations – Mr. Byron Williams Galveston District DPM

TX, United States

It gives me great pleasure to announce the selection of Mr. Byron Williams, PMP, as the new Galveston District Deputy District Engineer for Programs and Project Management following a long and thorough selection process. Byron has been serving as the Acting DPM for SWG since September 2020, where he oversees projects and services in an… Read More

Corps of Engineers seeks input on Reno Bottoms forest restoration project

MI, United States

ST. PAUL, Minn. –The U.S. Army Corps of Engineers, St. Paul District, seeks public input on a potential forest restoration project to enhance and restore habitat in the 14,000-acre Reno Bottoms area, located in Pool 9 of the Mississippi River. In lieu of hosting a public scoping meeting, the Corps has both a narrated presentation… Read More

Newport News awarded $3 billion CVN 74 refueling contract

VA, United States

Huntington Ingalls Industries’ Newport News Shipbuilding Division, Newport News, Va., has been awarded a $2,994,237,224 cost-plus-incentive fee contract for the USS John C. Stennis (CVN 74) Refueling Complex Overhaul (RCOH). “We are pleased to be awarded the contract to execute this extensive construction and engineering project,” said Todd West, Newport News’ vice president, in-service aircraft… Read More

K2 Management Wins Offshore Wind Contract in Maryland

MD, United States

K2 Management has been appointed owner’s engineer on US Wind’s offshore wind project in Maryland. K2 Management will be supporting US Wind with project management during the development of the project’s first phase with an installed capacity of 270 MW. The scope also includes design and engineering and package management, including tender and negotiation support…. Read More


USACE

Congratulations – Mr. Byron Williams Galveston District DPM

TX, United States

It gives me great pleasure to announce the selection of Mr. Byron Williams, PMP, as the new Galveston District Deputy District Engineer for Programs and Project Management following a long and thorough selection process. Byron has been serving as the Acting DPM for SWG since September 2020, where he oversees projects and services in an… Read More

Corps of Engineers seeks input on Reno Bottoms forest restoration project

MI, United States

ST. PAUL, Minn. –The U.S. Army Corps of Engineers, St. Paul District, seeks public input on a potential forest restoration project to enhance and restore habitat in the 14,000-acre Reno Bottoms area, located in Pool 9 of the Mississippi River. In lieu of hosting a public scoping meeting, the Corps has both a narrated presentation… Read More

Shannon named Operations Project Manager at Table Rock Lake

MO, United States

BRANSON, Mo. – Dennis Shannon was recently named the operations project manager at Table Rock Lake for the U.S. Army Corps of Engineers, Little Rock District.  Shannon replaces Rebecca Shortt who became the deputy director, USACE Critical Infrastructure Cybersecurity Mandatory Center of Expertise. In his new position, Shannon will lead a team that supports the… Read More

U.S. Army Corps of Engineers uses virtual reality to visualize New Lock at the Soo project

MI, United States

CHIPPEWA COUNTY, Mich., (WPBN/WGTU) — The U.S. Army Corps of Engineers is using a new tool to help visualize the New Lock at the Soo. Lock operators and design members are using virtual reality to see what the new lock will look like from a new perspective. Virtual Reality image standing in lock chamber of… Read More


Videos/C-Suite Interviews

Port of Baltimore releases 5min video on beneficial reuse of dredged material

Baltimore , MD, United States

 Dredging is essential to ensure the shipping channels are clear of material to allow the safe passage for cargo and cruise vessels. The Port is one of the largest economic generators in the State of Maryland. Dredge material can be used to restore environmental habitats, along with other uses. Source

GIW shares video about Georgia plant expansion

GA, United States

 GIW Industries is expanding its manufacturing complex to increase capacity. This video provides an inside look at the project and the progress that has been made.

2min Video shows Mississippi River bottom during Corps lock restoration

IA, United States

Rare glimpse at the Mississippi River bottom at Lock & Dam 14 as Army Corps of Engineers performs scheduled maintenance Built in the 1930s, Lock & Dam 14 is one of 12 locations managed by the Rock Island District of the Army Corps of Engineers PLEASANT VALLEY, Iowa — The Army Corps of Engineers has… Read More

40 second video on Louisiana marsh restoration

LA, United States

 Source: linkedin

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