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Fourth quarter income from continuing operations of $10.6 million Fourth quarter adjusted EBITDA from continuing operations of $29.4 million Full year income from continuing operations of $66.1 million Full year adjusted EBITDA from continuing operations of $151.1 million Backlog of $559.4 million at December 31, 2020 Cash position of $216.5 million at December 31, 2020… Read More
La Crosse, Wis., headquartered J.F. Brennan Company reports that it has entered a Small Business Administration (SBA) 8(a) certified joint venture with Ahtna Marine & Construction Company LLC (AMCC). The Ahtna – J.F. Brennan JV partnership establishes a mentor protégé relationship between Brennan and Alaska Native Corporation subsidiary AMCC. Together, Brennan and AMCC will bid… Read More
Bremerton, Wash., based aluminum boats specialist SAFE Boats International reports that Mark Stott has joined it as Business Development Director for the U.S. Western Region for government customers and private/commercial customers worldwide. Stott began his professional career in electronics and telecommunications before entering the maritime industry. He has served as an engineer on large, private… Read More
Beloit, Wis., headquartered engine manufacturer Fairbanks Morse has opened its 8,000-square-foot Mayport Service Center at 950 10th Street, Building B in Jacksonville Beach, Fla. The facility represents a $350,000 investment and places Fairbanks Morse in closer proximity to core customers such as Mayport Naval Station, Naval Submarine Base Kings Bay, and other U.S. Navy and… Read More
Bringing extensive Capitol Hill experience to the job, Dustin Davidson has been named Director, Government Relations of Waterways Council, Inc. Davidson most recently served as professional staff member for the House of Representatives’ Select Committee on the Climate Crisis, addressing energy, environment, and resiliency issues. At the same time, he served as legislative assistant to… Read More
Great Lakes Dredge & Dock operates the largest dredging fleet in the United States, with vessels at work all around the world. And during Capt. Chris Harvey’s almost 40 years with the company, he has worked on just about every one of the company’s hopper dredges. A native of Ulster County, N.Y., Harvey had an… Read More
According to a recent filing with the US Securities and Exchange Commission, Dimensional Fund Advisors LP of Austin, TX has recently raised its percentage of ownership of Orion to 7.4%. http://oriongroupholdingsinc.gcs-web.com/node/12411/html Dimensional was founded by billionaire David Booth, who has been recognized for making one of the largest gifts ever to an American university, pledging… Read More
DSC Dredge Ends 2020 Strong and Hits the Ground Running in 2021 – Dredge Launches, Ground Breaking Technology, and More! RESERVE, LOUISIANA – As the world was reshaped by Covid-19, it is safe to say that 2020 was “one for the history books.” Like most companies around the world, DSC Dredge, LLC (DSC) had to quickly… Read More
As shipbuilder Fincantieri Marinette Marine prepares to start construction of the Navy’s newest class of ships — the Constellation class (FFG 62) guided-missile frigate — several key leaders were in Marinette, Wis., February 9 to mark the groundbreaking for the largest building in Marinette Marine history. “Building 34 is a key element to our Constellation-class… Read More
The U.S. Navy and Ameresco Inc. have broken ground on a project at Norfolk Naval Shipyard (NNSY), Portsmouth, Va., that is being performed under a $173 million energy savings performance contract (ESPC) and will expand on-site generation, strengthen reliability, and enhance resiliency at the yard. Because ESPC’s leverage the savings that they guarantee in order… Read More
Aiming to provide a single-source solution for U.S. offshore wind companies, Crowley is partnering with Pittsburg, Kan., headquartered transportation service and logistics specialist Watco Companies LLC to create a terminal and supply chain management solution to support the emerging offshore wind industry. “This partnership will provide turnkey services for the offshore wind industry in the… Read More
Crystal Lake, Ill.-based Torqeedo Inc. has appointment Patrick Bucci as senior director for business development for its electric and hybrid propulsion systems. In this new position, Bucci will have responsibility for driving sales growth for Torqeedo’s project sales segment in North America, focusing on r]opportunities primarily for the company’s high-power Deep Blue product line. He… Read More
Irving Shipbuilding, Halifax, Nova Scotia, has appointed Kevin Mooney as president. He succeeds former Naval Sea Systems Command (NAVSEA) commander Vice-Admiral Kevin M. McCoy, who will return to his family in Maine in April 2021. “Kevin McCoy has been President of Irving Shipbuilding since August 2013 and has done a great job building the organization… Read More
Excerpted from the WSJ, Feb 8, 2021 By Costas Paris Some container lines and their importing customers are looking for alternate paths to get around bottlenecks at the main U.S. trade gateways in Southern California, where an armada of cargo vessels is anchored offshore at the congested seaports. Shipping lines have started moving some operations… Read More
HOUSTON, Feb. 10, 2021 (GLOBE NEWSWIRE) — Great Lakes Dredge & Dock Corporation (NASDAQ: GLDD) today announced that it will release the financial results for its three and twelve months ended December 31, 2020 on Wednesday, February 17, 2021 at 7:00 a.m. C.S.T. A conference call with the Company will be held the same day… Read More