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Great Lakes Dredge & Dock Co. (NASDAQ:GLDD – Get Rating) CEO Lasse Petterson bought 10,000 shares of the firm’s stock in a transaction dated Friday, August 5th. The stock was acquired at an average cost of $9.65 per share, with a total value of $96,500.00. Following the transaction, the chief executive officer now owns 1,003,630 shares of… Read More
Caterpillar Inc. (NYSE: CAT) announced second-quarter 2022 sales and revenues of $14.2 billion, an 11% increase compared with $12.9 billion in the second quarter of 2021. The increase was primarily due to favorable price realization and higher sales volume. Operating profit margin was 13.6% for the second quarter of 2022, compared with 13.9% for the… Read More
With nearly 20 years of naval architecture and marine engineering experience, Jors has served in previous leadership roles on complex projects, involving vessel design and development, construction, structural analysis, conversion and modification. Since joining Crowley in 2010, Jors has played an active role expanding the company’s engineering services capabilities for maritime partners and customers. Most… Read More
Intact Insurance Group USA, doing business under the brand Intact Insurance Specialty Solutions, has announced that it has completed the acquisition of Highland Insurance Solutions, the US construction division of Tokio Marine Highland, from Tokio Marine Kiln. “We are pleased to officially welcome RIck Girden, Kaileigh Bowe and the entire Highland team to Intact,” said T. Michael Miller,… Read More
Great Lakes Dredge & Dock Corporation (“Great Lakes” or the “Company”) (Nasdaq: GLDD), the largest provider of dredging services in the United States, today reported financial results for the quarter ended June 30, 2022. Second Quarter 2022 Highlights Revenue was $149.4 million in the second quarter Total operating loss was $0.3 million in the second quarter… Read More
HOUSTON, July 28, 2022 (GLOBE NEWSWIRE) — Kirby Corporation (“Kirby”) (NYSE: KEX) today announced net earnings attributable to Kirby for the second quarter ended June 30, 2022 of $28.5 million or $0.47 per share, compared with earnings of $10.2 million, or $0.17 per share for the 2021 second quarter. Excluding one-time non-recurring items in the 2022 second quarter, net earnings attributable to Kirby were $29.8 million or $0.49 per share. Consolidated revenues… Read More
Industrial Service Solutions (ISS) announced that it has entered into a strategic alliance agreement with Zeeboat, LLC (“Zeeboat™”) to develop a pipeline of maritime decarbonization projects for design and implementation of fully electric and hybrid diesel-electric powered vessels and port electrification. ISS will serve as general contractor for the projects and provide the necessary design,… Read More
CEO projects new lower full year 2022 EBITDA guidance with margin enhancement initiatives underway Orion Group Holdings, Inc. (NYSE:ORN) Q2 2022 Results Conference Call July 28, 2022 10:00 AM ET Company Participants Francis Okoniewski – Vice President, Investor Relations Austin Shanfelter – Interim Chief Executive Officer Craig Owen – Chief Financial Officer Advisor Conference Call… Read More
At its Summit & Expo in Houston, Texas, the Western Dredging Association awarded Paul Fuglevand its 2022 Lifetime Achievement Award in recognition of his lifetime of outstanding work supporting the dredging community and the Western Dredging Association. After receiving both a B.S. and M.S. in Civil Engineering, Mr. Fuglevand joined Hart Crowser in Seattle, WA,… Read More
Crowley, through the achievements of the captains and crews of 95 company owned or managed vessels, has been recognized for their safe operations with Jones F. Devlin Awards by the Chamber of Shipping of America (CSA). “Receiving the Devlin Awards exemplifies our commitment to safety and serves as a testament for the responsible and diligent… Read More
The U.S. Army Corps of Engineers, St. Paul District, will host a change of command ceremony at the historic Landmark Center in St. Paul, Minnesota, today, July 28, at 10 a.m. Col. Eric R. Swenson will assume command of the St. Paul District from Col. Karl D. Jansen and become the district’s 67th commander and… Read More
Singapore-headquartered C-LNG Solutions has selected Brooklyn, N.Y., based American Ship Repair (ASR) to serve as its official representative in the United States. This new alliance continues ASR’s longstanding tradition of partnering with innovative solutions providers to meet the challenges faced by today’s ship owners. Based in Singapore, with fabrication facilities in China, C-LNG leverages cutting edge engineering… Read More
Highlights from the 2021 Sustainability Report, Bravely Advancing What’s Possible, include: Rigorous short- and long-term efforts to decarbonize operations. Crowley aims to reduce overall greenhouse gas emissions across the entire business by more than 3.7 million metric tons per year, pursuing a path aligned with the latest climate science to limit global warming to 1.5… Read More
Great Lakes Dredge & Dock Corporation (NASDAQ: GLDD) today announced that it will release the financial results for its three and six months ended June 30, 2022 on Tuesday, August 2, 2022 at 7:00 a.m. C.D.T. A conference call with the Company will be held the same day at 9:00 a.m. C.D.T. Investors and analysts… Read More
In an Assumption of Command Ceremony held on July 22, at the Renasant Convention Center in downtown Memphis, Col. Brian D. Sawser assumed command of the U.S. Army Corps of Engineers (USACE) Memphis District. Mississippi Valley Division Commander and Mississippi River Commission President Maj. Gen. Diana M. Holland presided over the ceremony. The assumption of… Read More