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First quarter 2022 earnings per share of $0.29 Marine transportation impacted by the COVID-19 Omicron variant in January and February, reducing earnings by approximately $0.10 per share Inland marine experienced significant market improvement in March with barge utilization increasing above 90% since mid-March Increased oil and gas demand sequentially boosted distribution and services results despite… Read More
MADISONVILLE, La.–(BUSINESS WIRE)–Guice Offshore (GO), widely considered to be the U.S. flag leader in operating dynamically positioned mini supply and medium-sized multi-purpose vessels in the specialty market, has added three new vessels to its fleet, including another 170 ft. DP1 multi-purpose vessel and two 205 ft. DP2 platform support vessels. The vessels will operate as… Read More
Ørsted’s Board of Directors has taken final investment decision (FID) on onshore wind farm Sunflower Wind in Kansas. The 201 MW wind farm will be located in Marion County, mid-Kansas, and will become Ørsted’s fourth onshore wind farm in the Southwest Power Pool (SPP) energy market. The project was acquired together with Lincoln Land Wind… Read More
WASHINGTON, April 29, 2022 /PRNewswire/ — Robert W. Murray has been selected to lead the National Association of Waterfront Employers (NAWE) as its next president effective May 19, 2022. Rob has long served as a bipartisan relationship builder and will be a key advocate for NAWE’s membership of US-based marine terminal operators and stevedores. Mr…. Read More
Since the beginning of May, Royal IHC has been busy replacing the propulsion gearbox mountings on the HNLMS De Ruyter. This work is part of a maintenance programme for the Air Defence and Command Frigates (LCF). Royal IHC will replace the mountings on all four LCF-frigates for the Royal Netherlands Navy. Annemieke Selbach, Head of… Read More
Earnings call today at 1000 Eastern time HOUSTON–(BUSINESS WIRE)–Apr. 27, 2022– Orion Group Holdings, Inc. (NYSE: ORN) (the “Company”), a leading specialty construction company, today reported a net loss of $4.9 million ($0.16 diluted loss per share) for the first quarter ended March 31, 2022. Excluding non-recurring items, adjusted net loss was $3.2 million ($0.10… Read More
Corpus Christi, TX, USA – The Port of Corpus Christi Authority has named Marcelo “Yudi” Takizawa as its Director of Trade Development. Takizawa has more than 20 years of commercial business and market development leadership experience in the energy and marine transportation space. He comes to the Port of Corpus Christi from Vopak. In his new… Read More
DP World has announced it has completed construction of the first industrial building in the South Carolina Gateway Logistics Park. The news marks a major milestone in the partnership between the terminal operator, Orangeburg County, and the State of South Carolina for the continued economic development of the planned 6 million square foot industrial park…. Read More
Oregon State University has selected an alumna and the head of San Francisco State University’s marine science center to lead Oregon Sea Grant, a program that supports marine research, education and outreach. Karina Nielsen, who earned a doctorate in zoology from OSU in 1998, will start on June 1 and oversee a staff of about… Read More
PASCAGOULA, MISS., April, 22, 2022 — All-domain defense and technologies partner HII (NYSE:HII) hosted U.S. Reps. Rob Wittman, R-Va.; Mike Gallagher, R-Wis.; and Trent Kelly, R-Miss., last week in a demonstration of immediate production capacity at Ingalls Shipbuilding, a division of America’s largest shipbuilder. The lawmakers are members of the House Armed Services seapower and… Read More
PASCAGOULA, MISS., April, 23, 2022 – All-domain defense and technologies partner HII (NYSE:HII) announced today that Kimberly Aguillard has joined its corporate communications team as a manager of media relations. She will serve as HII’s spokesperson for Ingalls Shipbuilding, a division of America’s largest shipbuilder, and report to HII’s corporate director of public affairs. “Kimberly… Read More
Bordelon Marine LLC announced yesterday that it has renewed the charter agreement with Oceaneering International Inc. for the 257’x52’x18′ Brandon Bordelon —a DP-2 Jones Act-compliant ultra-light intervention vessel — for an additional two-year term. The charter agreement renewal began in February 2022. The vessel is mobilized with two Oceaneering Millennium Plus work class remotely operated vehicles (ROVs) and Oceaneering survey… Read More
Arnold Donald Named Vice Chair, Josh Weinstein Named President & CEO of Carnival Corporation & plc MIAMI, April 26, 2022 /PRNewswire/ — Carnival Corporation & plc (NYSE/LSE: CCL;NYSE: CUK), the world’s largest cruise company, today announced that effective August 1st, Arnold Donald, currently President and Chief Executive Officer, is being appointed Vice Chair and member of… Read More
Corpus Christi, TX, USA – The Port of Corpus Christi Authority has named Marcelo “Yudi” Takizawa as its Director of Trade Development. Takizawa has more than 20 years of commercial business and market development leadership experience in the energy and marine transportation space. He comes to the Port of Corpus Christi from Vopak. In his… Read More
The Navy requires a powerful fleet to contend with the current threat landscape as well as unpredictable future adversaries. A modern, electric-drive naval fleet not only means extra power, but also more efficient uses of existing power, and more unique power qualities. Many approaches, such as stored energy, hybrid electric hard drives, power modules, and… Read More