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Houston-headquartered Kirby Corporation (NYSE: KEX) today reported third quarter results that beat analysts’ expectations. Net earnings were $39.1 million or $0.65 per share. Total revenues were $745.8 million, up 25% compared to the 2021 third quarter with steady gains in both marine transportation and distribution and services. Inland marine results included a 35% year-over-year increase in revenues with… Read More
Your supply chain’s well-being is our top priority. We at Maersk aim to provide you the most relevant and up-to-date information to help you navigate this period of heightened volatility. Ocean Update Volumes remain relatively unchanged since September. The U.S. East and Gulf Coasts continue to outpace the West Coast in terms of overall year-over-year… Read More
Seapeak LLC (Seapeak) and Jaccar Holdings (Jaccar) today announced that they have entered into a sale and purchase agreement whereby Seapeak will acquire Greenship Gas Trust and Greenship Gas Manager Pte. Ltd. and their subsidiaries (collectively, Evergas) from Jaccar in an all-cash transaction with an enterprise value of approximately $700 million. Evergas owns and operates… Read More
Great Lakes Dredge & Dock Corporation (NASDAQ: GLDD) today announced that it will release the financial results for its three and nine months ended September 30, 2022 on Tuesday, November 1, 2022 at 7:00 a.m. C.D.T. A conference call with the Company will be held the same day at 9:00 a.m. C.D.T. Investors and analysts… Read More
HOUSTON, Oct. 26, 2022 (GLOBE NEWSWIRE) — Orion Group Holdings, Inc. (NYSE: ORN) (the “Company”), a leading specialty construction company, today reported net income of $0.2 million ($0.01 diluted earnings per share) for the third quarter ended September 30, 2022. Excluding non-recurring items, adjusted net income was $0.8 million ($0.02 diluted earnings per share). Third Quarter 2022 Highlights The Company has enhanced the capabilities of its… Read More
The Mark W. Barker came to life at Fincantieri Bay Shipbuilding in Sturgeon Bay, Wisconsin marking the first self-propelled, self-unloading cargo vessel built for the Great Lakes maritime trade in over 35-years. The 639-foot bulk carrier was constructed with U.S. steel from U.S. iron ore mines in Minnesota and Michigan and transported by U.S. vessels… Read More
The quest for a regional dredge to serve York County’s coastal communities got the okay Wednesday, Oct. 19, from York County Commissioners. The vote to expend $1.54 million in federal American Rescue Plan Funds for a dredge that would provide much-needed sand to replace what erodes away and help keep channels open was 3-2. Commissioner… Read More
Speaking at the 48th Annual South Carolina International Trade Conference on the “Customer Strategy Post Pandemic” panel, Narin Phol – Maersk North America’s Regional Managing Director recommended building resiliency into supply chains, developing technology solutions and decarbonization solutions. The messages underlined this year’s conference theme “Elevating the importance of Supply Chains.” “Supply chain disruption is a constant,” observed… Read More
Ørsted closed a transaction with Energy Capital Partners (ECP), a leading energy transition-focused investor, to divest a 50 % ownership stake in a portfolio consisting of three onshore wind farms and one solar farm in the US. The value of the transaction is approx. USD 410 million. The portfolio, comprised of the onshore wind farms… Read More
Crowley has promoted Meaghan Atkinson to be Vice President of Sustainability. In her new role, Atkinson will lead Crowley’s sustainability journey, and especially drive action to decarbonize across the company’s operations and value chain to reach net-zero emissions by 2050. As vice president, she will lead the company’s efforts to build partnerships across its industries… Read More
Some of the employees from HII’s office near the Navy Yard, in Washington, D.C., will move to a new space at National Landing in Arlington, Virginia, in summer of 2023. HII will retain office space in the Navy Yard to facilitate the close working relationship with HII’s largest customer, the U.S. Navy. HII’s corporate headquarters… Read More
The University of Wisconsin-La Crosse (UWL) and J.F. Brennan Company, Inc. (Brennan) formally announce their partnership. The agreement between Brennan and UWL will further the educational opportunities for students studying environmental science, equipping them to start on the job right after they graduate. Brennan is partnering with UWL to support student research and curriculum, and to… Read More
STAMFORD, Conn.–(BUSINESS WIRE)–Equinor today announced that Molly Morris will serve as the new President of Equinor Wind US, effective January 1, 2023, succeeding Siri Espedal Kindem, who will take on a new exciting opportunity within Equinor. Morris joined Equinor in 2008 and has since taken on a variety of important roles in the company. Currently… Read More
Today at the American Clean Power Association’s Offshore WINDPOWER 2022 conference and exhibition, Bureau of Ocean Energy Management (BOEM) Director Amanda Lefton announced the final sale notice for the Department of the Interior’s (DOI) first-ever offshore wind lease sale on America’s West Coast. The wind energy lease areas are in two regions on the Outer… Read More
Global design and technology firm, Arcadis IBI Group Inc. (“Arcadis IBI” or the “Company”), has been awarded a multi-year contract for its traveler information system, Travel-IQ, adding to a growing list of states, cities, provinces and countries currently leveraging Arcadis IBI’s Software-as-a-Service solution. Resident and visitors of New Hampshire, Maine and Vermont will now be able to… Read More