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JACKSONVILLE, Fla., April 12, 2022 /PRNewswire/ — Continuing to demonstrate their commitment to decarbonization of the maritime sector, Crowley and Shell Trading (US) Company (“Shell”) have entered into a memorandum of understanding (“MOU”) with the aim of supporting alternative energy solutions for the future of shoreside and terminal operations. The MOU follows an ongoing joint… Read More
Austal USA hosted a curtain drop ceremony today to celebrate the opening of the company’s state-of-the-art steel facility in front of over two hundred guests, including representatives from the U.S. Navy, Coast Guard, federal, state and local government, and the Embassy of Australia. The addition of steel shipbuilding capability compliments the company’s well-established aluminium shipbuilding… Read More
Manson was awarded and recognized for two projects in Texas on March 29th at the AGC of America Build America Awards ceremony. Manson won three project category awards for the Pier 8 Replacement project and the Concrete Sill Removal project. The Build America Awards honor AGC members who build the nation’s most impressive construction projects,… Read More
The River Discovery Center in Paducah, Ky., has chosen Polly Brasher as its second executive director. Julie Harris, the center’s first director, had announced that she is retiring this summer after 21 years in the position. Brasher expects to start in her new role in mid-June, while Harris stays on in an advisory capacity for… Read More
British Columbia, April 6, 2022. SAAM Towage Canada announces the acquisition of Standard Towing Ltd. and Davies Tugboat Ltd. Both companies provide Harbour, Shipdocking and Towage services on the West Coast of Canada. The acquisition contributes to SAAM Towage’s drive to continue to consolidate its leadership position on the West Coast. “Through these acquisitions we… Read More
Alabama Shipyard, LLC is pleased to announce the appointment of Greg Wagner as the new Chief Executive Officer (CEO). Wagner is joining the Alabama Shipyard team from the position of CEO at Navarro Capital Partners LLC., an oil and gas industry marine and subsea construction support services provider. Mr. Wagner is a graduate from the… Read More
DredgeWire Reports on Shakeup at Orion This past week Orion Marine Group unexpectedly separated their long-time CEO Mark Stauffer, issued their Annual Proxy statement, and appointed an interim CEO. Over the last 12 mos, Orion’s stock price has declined over 50% from approximately $5.50 per share to $2.50. Recently Orion reported disappointing earnings: “ In… Read More
Mark R. Stauffer to Step Down as President and CEO Company Reaffirms Previously Stated Financial Guidance HOUSTON–(BUSINESS WIRE)–Apr. 7, 2022– Orion Group Holdings, Inc. (NYSE: ORN), a leading specialty construction company, today announced that Austin J. Shanfelter, Chairman of the Board of Directors, has been named interim Chief Executive Officer. Mark R. Stauffer has stepped down… Read More
President Biden has nominated Adm. Linda L. Fagan to serve as the 27th commandant of the U.S. Coast Guard. On confirmation, she would be the first woman to serve as commandant of the Coast Guard. Previously, she served as commander of the Coast Guard Pacific Area overseeing operations from the Rocky Mountains to the waters… Read More
TMEIC Corporation Americas, a subsidiary of Toshiba Mitsubishi-Electric Industrial Systems Corporation (TMEIC), has completed the acquisition of the Ports and Terminals Division of Orbita Ingeniería, S.L. (Orbita) through its wholly owned subsidiary, TMEIC Port Technologies, S.L. TMEIC has a large footprint in crane controls and automation. It has supplied systems for ASCs in the USA,… Read More
~Acquires Superyacht Management Company Based in the South of France~ ~Strengthens Position as World’s Largest Superyacht Services Provider~ ~Committed to Growing Higher Margin Businesses~ ~Acquisition Expected to be Accretive in First Full Year~ CLEARWATER, Fla.–(BUSINESS WIRE)– MarineMax, Inc. (NYSE: HZO), the world’s largest recreational boat and yacht retailer, today announced that it has acquired Superyacht… Read More
Columbia, Ill., based marine contractor Luhr Bros, Inc., has merged with Crosby Enterprises LLC’s Jefferson, La., based subsidiary Bertucci Contracting LLC to create Luhr Crosby LLC. Luhr Bros is a third-generation family-owned business and Bertucci is a 145-year-old subsidiary of Crosby Enterprises. Luhr Crosby will be one of the largest marine rock contractors in the… Read More
MORGAN CITY, La., March 31, 2022 /PRNewswire/ — Conrad Industries, Inc. (OTC Pink: CNRD) today announced its 2021 results and backlog. The Company had net income of $6.5 million and earnings per diluted share of $1.29 for the twelve months ended December 31, 2021 compared to net loss of $4.0 million and loss per diluted share… Read More
Caterpillar Marine is investing in methanol-fueled engine technologies. It says the commitment supports the development of decarbonization efforts in the marine industry by offering cost effective methanol-powered solutions without sacrificing the value that its customers expect from Caterpillar. “In order to continue supporting our customers with their climate-related goals Caterpillar Marine will continue exploring combustion… Read More
April 1, 2022 – Fort Lauderdale, FL – Resolve Marine, a global leader in ship and vessel salvage, rescue, emergency response, and specialized marine services, today announced that Joseph Farrell, III has been appointed deputy CEO, a transition role to CEO, from his current position as director, business development. Mr. Farrell has more than two… Read More