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Veterans Honored on Capitol Hill After Long Voyage for Recognition WASHINGTON —Today, the American Merchant Marine Veterans (AMMV) commended the 10 veterans of the U.S. Merchant Marine awarded the Congressional Gold Medal for their service during World War II. The Congressional Gold Medal is the highest honor bestowed by the U.S. Congress. The veterans received the Congressional… Read More
Conrad Industries, Inc. (OTC Pink: CNRD) announced today its first quarter 2022 results. For the quarter ended March 31, 2022, Conrad had net loss of $116,000 and loss per diluted share of $0.02 compared to net income of $705,000 and income per diluted share of $0.14 during the first quarter of 2021. Net income in the first quarter of 2021 included $2.9 million in other income… Read More
Today, Ørsted announced that it has agreed to acquire Ford County Wind, a 121 MW onshore wind farm in Ford County, Illinois, from funds managed by Ares Management Corporation’s Infrastructure Opportunities strategy (‘Ares’). The wind farm is located in Midwest Independent System Operator’s (MISO) territory, further strengthening Ørsted’s presence in the region. Ørsted acquired the… Read More
AMP Secretary and Treasurer Sara Fuentes interviews Jason Atwell, Principal Advisor of Global Intelligence at Mandiant to discuss the rapidly-evolving cybersecurity threat landscape, with particular attention on the maritime industry.
A DredgeWire Exclusive By Judith Powers Based on conversations with Prof. Miedema and Robert Ramsdell Dr.ir. Sape Andries Miedema will retire in June after 42 years of involvement in dredging as an MSc student, then PhD and finally professor of dredging engineering at Delft University of Technology (DUT) in the Netherlands. At DUT he is… Read More
TUESDAY, MAY 17, 2022 AT 10:00 AM WASHINGTON – On Wednesday, May 18, 2022, World War II Merchant Mariners – the supply line to American and allied forces during WWII – will be presented with the Congressional Gold Medal in Statuary Hall by congressional leaders. Due to Capitol Hill protocols, media access will be limited for this ceremony;… Read More
President Joe Biden’s pick to be the next Coast Guard commandant, Adm. Linda Fagan, was confirmed Wednesday, clearing the way for her to become the first woman to be the top officer in one of the military services. The Senate approved Fagan’s promotion, along with those of five other senior Coast Guard officers, by unanimous… Read More
Rick Sporrer, currently VP sales Americas at Danfoss Power Solutions, has been appointed the next president of Danfoss North America, effective July 1. He succeeds John Galyen, who has announced his retirement from Danfoss later this summer. Over the next several months, Galyen and Sporrer will work together to ensure a successful transition. Sporrer brings… Read More
Richard Balzano took over as CEO and executive director of the Dredging Contractors of America in December 2020. And while he says he’s “still fairly new to the [dredging] industry”, he certainly knows his way around the business, having held a number of prominent roles over the course of more than 30 years in the… Read More
HOUSTON–(BUSINESS WIRE)– Tidewater Inc. (NYSE:TDW) announced today revenue for the three months ended March 31, 2022 of $105.7 million compared with $83.5 million for the three months ended March 31, 2021. Tidewater’s net losses for the three months ended March 31, 2022, were $12.2 million ($0.29 per common share) compared with $35.3 million ($0.87 per… Read More
As the Saverys family continues to contest a merger of Euronav into Frontline, billionaire shipping investor John Fredriksen has taken a significant stake in another tanker giant, New York City headquartered International Seaways (NYSE: INSW). A May 4 filing with the SEC by Frediksen-associated Famatatown Finance, showed that following its most recent purchases, it owned 8,166,856 shares… Read More
The U.S. Senate has voted to confirm Rear Admiral Ann C. Phillips USN (Ret.) to serve as the Administrator of the Department of Transportation’s Maritime Administration. The Senate voted 75-22 in favor of confirmation, making her the first woman to hold the position. The DOT’s Maritime Administration is the agency responsible for the United States’ waterborne transportation system and… Read More
Dan-Bunkering (Connecticut) LLC is pleased to announce that effective 1st May 2022, Sara Brady has been promoted to Team Leader, Senior Bunker Broker & Trader. Sara commenced her career in the bunker industry in 2004 when joining LQM Petroleum Services LLC as a Bunker Broker. Sara joined Dan-Bunkering in October 2021 following the company’s merger… Read More
Houston, TX. April 28, 2022. Dredge and Offshore Marine services supplier, Neptune Americas & Marine Corp., has announced that Greg Swift has joined their company as the National Sales Manager for North America. Greg has more than 15 years of sales and commercial experience in the marine and offshore sectors. He comes to us from… Read More
Caterpillar Inc. (NYSE: CAT) has acquired Tangent Energy Solutions, a Kennett Square, Pennsylvania, U.S.-based energy-as-a-service (EaaS) company. The amount of the deal was not disclosed. Led by Dean Musser, president and chief executive officer, Tangent Energy provides customers with solutions for reducing energy costs, increasing energy efficiency, reducing emissions, monetizing electric grid support and providing resiliency for customer… Read More