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By Megan Eckstein PANAMA CITY, Fla. — Eastern Shipbuilding Group transformed its shipyard and its business practices to win its first-ever U.S. Coast Guard construction program. But now, after suffering extensive damage from Hurricane Michael in 2018, the yard is awaiting word on whether it can keep that deal. In 2016, Eastern Shipbuilding shocked many in the… Read More
Sino-Global Shipping America, Ltd. (NASDAQ: SINO) announced that Mr. Lei Cao, Chairman and Chief Executive Officer of Sino-Global, plans to step down from his role as Chief Executive Officer effective November 1, 2021. He will remain Chairman of the Board, ensuring a smooth transition, having served as Chief Executive Officer since founding the Company in… Read More
Summary Climate Finance Partnership passes $500 mln target France, Germany, Japan all invest in novel fund EM investment a key issue at COP26 climate talk GLASGOW/BOSTON, Nov 2 (Reuters) – BlackRock Inc (BLK.N) told Reuters it has raised a target-beating $673 million for an infrastructure fund with backing from the French, German and Japanese governments… Read More
Crowley has been named a 2021 Top Company for Women to Work For in Transportation by Redefining the Road, the official magazine for Women in Trucking Association (WIT). As an honoree, Crowley embodies characteristics that distinguish the award-winning companies: corporate cultures that foster gender diversity; competitive compensation and benefits; flexible hours and work requirements; professional… Read More
SAN FRANCISCO, Nov. 2, 2021 /PRNewswire/ — Sofar Ocean, the world’s largest ocean intelligence platform, announced today it has secured a $39 million Series B syndicate round with Union Square Ventures (USV) and the Foundry Group. With this funding, Sofar will further scale its technology platform and grow its team across key regions worldwide. The funding… Read More
A DredgeWire Exclusive By Heidi Payne I was honored and humbled that DredgeWire reached out to me to tell something about my personal journey. Captain Beau Payne founded P & L Towing and Transportation, Inc. in 1993. When Capt. Beau passed away suddenly in 2017, his children were only 16 and 19 years old. Although… Read More
Third quarter net income of $13.8 million Third quarter adjusted EBITDA of $32.2 million Backlog of $598.5 million at September 30, 2021 HOUSTON, Nov. 02, 2021 (GLOBE NEWSWIRE) — Great Lakes Dredge & Dock Corporation (“Great Lakes”) (Nasdaq:GLDD), the largest provider of dredging services in the United States, today reported financial results for the quarter… Read More
Saltchuk Group member Foss Maritime reports that its Seattle shipyard is permanently closed, effective today, October 30, 2021. Foss says the closure does not does not affect any other area of its operations and that “the difficult decision is a result of Foss Maritime’s regular evaluation of business lines and follows the company’s diligent effort… Read More
The Galveston Bay Foundation (GBF) recently acquired 4,714 acres of coastal habitat along Halls Bayou and West Galveston Bay in Brazoria and Galveston Counties, to be named The Chocolate Bay Preserve. The preserve will be forever protected as open space and natural habitat. This acquisition brings the total amount of land conserved by the Galveston… Read More
EMERALD ISLE — This week, Carteret County hired an engineer from Moffatt & Nichol Engineers to provide temporary services to the County Shore Protection Office. The move will keep the office running until a permanent replacement can be found for the office manager, Greg Rudolph, who resigned earlier this month, effective Friday, Nov. 12, after nearly… Read More
With their entire Louisiana staff affected by Hurricane IDA, DSC estimates that close to 40% of their workforce sustained significant damage from the storm. But that did nothing to stop the generosity from colleagues, who immediately began reaching out to one another before damage was able to be assessed. “Most of us remained in touch… Read More
DredgeWire Exclusive Heiko Osterchrist, Associate Publisher of DredgeWire, recently sat with Russell Zimmerman, SVP, Project & Operations of the Southeastern Region, and David Johanson, SVP, Project & Area Operations Gulf of Mexico, to discuss GLDD’s culture of safety and the role it plays in the company. DW: When did GLDD first start to make a… Read More
Siemens Energy was awarded its first offshore grid connection project in the United States. In a consortium with Aker Solutions, the company will supply the high-voltage direct current (HVDC) transmission system that will bring green energy from Sunrise Wind, New York’s first utility-scale offshore wind project, to the mainland. It’s the first offshore wind project in the… Read More
Siemens Gamesa Renewable Energy is celebrating the first offshore wind turbine blade facility in the United States with a launch ceremony with government officials and wind industry partners in Virginia. Siemens Gamesa will develop more than 80 acres at the Portsmouth Marine Terminal in Portsmouth, Va., upon execution of a firm order for the 2.6… Read More
Offshore wind supports manufacturer Gazelle Wind Power opened its first U.S. office in Austin, Texas. This is the company’s first office in the United States as it moves to capitalize on the country’s emerging offshore wind market. Gazelle Wind Power’s floating wind platform was designed to be lighter and more flexible than other offshore platforms…. Read More