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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
South Fork Wind, a 50-50 joint venture between Ørsted and Eversource, has taken final investment decision (FID) on the project that will be New York’s first offshore wind farm. The final investment decision codifies the companies’ commitment to the 130 MW offshore wind project. Today’s announcement comes as US Secretary of the Interior Deb Haaland,… Read More
Mr. Brad Lyons, P.E., has joined Infrastructure Alternatives, Inc. (IAI), as Senior Engineering Manager for the firm’s Engineering & Technical Services (ETS) Division. Brad’s responsibilities in this role will include oversight of water and wastewater facility assessments, funding assistance efforts, process design, regulatory permitting, and preparation of construction documents, as well as coordinating with IAI’s… Read More
“Large scale decommissioning of the world’s offshore oil and gas infrastructure is here. An estimated $400 billion is expected to be spent in offshore decommissioning through 2050,” says Steve Williams, founder and CEO of the Houma, La.-based Alliance Energy Group, an offshore energy infrastructure services company that specializes in decommissioning and reclamation. “The work we… Read More
The marine repair business is taking over property in Commodores Point near Downtown. Fincantieri Marine Systems North America posted signs at the Commodores Point property Downtown where it will take over the site previously leased by North Florida Shipyards at 2060 E. Adams St. along the north bank of the St. Johns River. “Fincantieri Marine… Read More
Michael Phelps – Promoted to Vice President, Practice Leader at WSP USA Rajesh A V R P – Appointed as Senior Marine Structures Engineer at Jacobs James Olivarez – Appointed as Director Of Marine Operations at SR Trident, Inc. Merijn Terlou – Appointed as Manager Dredging Operations at Royal Smals Anko Bos – Promoted to… Read More
Copenhagen, Denmark: A.P. Moller – Maersk announces the intended acquisition of Pilot Freight Services (Pilot), a leading U.S.-based first, middle and last mile as well as border crossing solutions provider, specializing in the big and bulky freight segment in North America for B2C and B2B distribution models, from ATL Partners, a sector-focused Private Equity firm in… Read More