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HOUSTON–(BUSINESS WIRE)–Mar. 2, 2022– Orion Group Holdings, Inc. (NYSE: ORN) (the “Company”), a leading specialty construction company, today reported a net loss of $8.8 million ($0.29 diluted loss per share) for the fourth quarter ended December 31, 2021. Fourth quarter highlights are discussed below. For full year results please refer to the financial statements starting… Read More
Offshore wind farms have the potential to become future production hubs for green hydrogen, a development that could be accelerated by the maritime industry embracing the clean fuel due to declining prices, the American Bureau of Shipping (ABS) has said. In a new whitepaper, the classification body says that incorporating the production of green hydrogen… Read More
RESERVE, LOUISIANA – 2021 has been a formidable year for us all. In a year where everyone was eager to put COVID-19 in their rearview mirror and looked forward to returning to normal from lockdowns, and global turmoil, the reality was anything but. As a company that provides a public service directly connected to the nation’s infrastructure, DSC Dredge’s staff was quickly identified as an “essential” workforce. In Uncle Ben’s words… Read More
Offshore support and subsea services provider Bordelon Marine, Lockport, La., has promoted Trenton Pitre, an industry veteran with over 10 years experience has been promoted to director of operations. Pitre has served in Bordelon Marine’s operations department for the past seven years, most recently, as senior operations manager. Prior to joining Bordelon, Pitre had previous… Read More
Arctic Canadian Diamond Company (“Arctic”) and IHC Mining have reached an important milestone in the development of an underwater remote mining (URM) system for the extraction of diamondbearing kimberlite ore from deep open pits at the Ekati Diamond Mine in the Northwest Territories of Canada. The URM system consists of a floating platform, an underwater… Read More
– Gallaudet, Former NOAA Acting Administrator and Oceanographer of the Navy, is CEO of Ocean STL Consulting and Host of the American Blue Economy Podcast – Shepherd, Former President of the American Meteorological Society, is Director of the University of Georgia Atmospheric Sciences Program and Member of the National Academy of Sciences BOSTON, Feb. 16,… Read More
Iberdrola has made a multi-billion dollar pledge to invest in three offshore wind projects totalling 2800MW in Massachusetts. The Spanish firm will invest US$10bn (€8.8bn) in the development of the sites Iberdrola chairman Ignacio Galán (pictured:left) agreed at a meeting held today with the Governor of Massachusetts Charlie Baker (pictured:right). Galan also explained the group’s growth… Read More
Fourth quarter net income of $24.7 million Fourth quarter adjusted EBITDA of $48.2 million Full year net income of $49.4 million Full year adjusted EBITDA of $127.4 million Backlog of $551.6 million at December 31, 2021 HOUSTON, Feb. 16, 2022 (GLOBE NEWSWIRE) — Great Lakes Dredge & Dock Corporation (Nasdaq:GLDD), the largest provider of dredging… Read More
President Joe Biden’s nominee to serve on the Federal Maritime Commission recently was confirmed by the U.S. Senate. Max Vekich received 51 favorable votes and 43 opposing votes for a confirmation to become a commissioner through 2026. His membership on FMC shifts the five-member board to a 3-2 majority for Democrats. Vekich is a former… Read More
BATON ROUGE — The Coalition to Restore Coastal Louisiana, a statewide nonprofit dedicated to addressing coastal land loss in Louisiana, has named its board membership and leadership for 2022. The organization, which was founded in 1988, has helped craft science-based solutions to restore Louisiana’s coastal wetlands, which have been vanishing since the 1930s. The nonprofit… Read More
On January 31, family-owned Hendry Marine Industries appointed Richard McCreary as president of its Gulf Marine Repair shipyard in Tampa, Fla. The shipyard’s core business focuses on repair, conversion and modification of large ocean-going commercial vessels, tugs and barges, dredges, small ships, harbor tugs, and U.S. Coast Guard, MARAD, Corps and NOAA vessels. The yard,… Read More
MAITLAND, Fla. — Feb. 14, 2022 — Bonnier has revealed the winners of its second-annual Best Elex Awards, which honors standout marine electronics and technology products that have been reviewed and approved by the editorial team behind the leading titles in marine media: Boating, Yachting, Cruising World, Marlin, Sailing World, Sport Fishing and Salt Water Sportsman. Over… Read More
Crowley has started the management and operation of its new bulk fuel storage facility in North Pole, near Fairbanks, Alaska, which provides key energy services to the U.S. military. The facility, owned and operated by Crowley, will provide 21 million gallons of storage of aviation turbine fuel to the U.S. Defense Logistics Agency Energy (DLA… Read More
The American Maritime Partnership (AMP), the umbrella organization for the U.S. domestic maritime industry, today announced the election of new leadership. Jennifer Carpenter Ku’uhaku Park, senior vice president of government and community relations at the Matson Navigation Company takes the helm as president. He is joined by new vice president Jennifer Carpenter, president and CEO… Read More
Offshore wind crew transfer vessel (CTV) owner and operator American Offshore Services LLC (A-O-S) has formed a strategic partnership that will see Orion Infrastructure Capital provide financing to build a series of CTVs at Blount Boats in Warren, R.I. Formed in 2020, A-O-S is a joint venture between European CTV operator, Northern Offshore Services (N-O-S),… Read More