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Second quarter net income of $2.1 million First half net income of $10.9 million Second quarter adjusted EBITDA of $20.2 million First half adjusted EBITDA $47.1 million HOUSTON, Aug. 03, 2021 (GLOBE NEWSWIRE) — Great Lakes Dredge & Dock Corporation (Nasdaq:GLDD), the largest provider of dredging services in the United States, today reported financial results… Read More
CHARLESTON, S.C., Aug. 3, 2021 /PRNewswire/ — PORT 32 Marinas LLC (“PORT 32” or the “Company”), a leading owner, operator, developer and acquirer of Class A coastal marinas, today announced the successful recapitalization of the Company led by New York-based Fireside Investments alongside key members of management and with participation from several institutional investors including funds… Read More
Pivotal LNG’s newest liquefied natural gas (LNG) facility, Towanda LNG, marks the company’s first expansion into the Northeast and Mid-Atlantic market. Entering service in January 2021, Towanda LNG has already produced more than one million gallons of LNG and has supported a wide range of customers across Pennsylvania and the broader region. Even before its… Read More
The Department of the Interior’s Bureau of Ocean Energy Management (BOEM) keeps upping the momentum for U,S. offshore wind development. Last Wednesday, BOEM announced two actions advancing the federal wind leasing process offshore California. The following day, it announced that it will conduct an environmental review of a proposed wind energy project offshore North Carolina…. Read More
Jeremy J Lowe – Promoted to VP Global Sales & Marketing at Chelsea Technologies Ltd
Manson Construction Co. and Keppel AmFELS, Inc. reached another on-time milestone on Monday, Aug. 2, 2021, celebrating with a Keel Laying Ceremony for the hopper dredge FREDERICK PAUP. The keel laying represents the official commencement of construction of a maritime vessel in its final build position, in this case the starboard half of Hopper Bay No…. Read More
HOUSTON, Aug. 02, 2021 (GLOBE NEWSWIRE) — Great Lakes Dredge & Dock Corporation (“Company”) (NASDAQ: GLDD), the largest provider of dredging services in the United States, announced that Earl Shipp was appointed to its Board of Directors. His appointment as a new independent director was effective July 29, 2021. In addition, upon his appointment, the Board was increased… Read More
Lloyd Register’s global sustainability manager, Katharine Palmer has been appointed as the United Nations Climate Change High-Level Climate Champions’ Shipping Lead to support the shipping industry’s drive to decarbonization. As the HLCC’s Shipping Lead, Palmer’s main focus will be to mobilize industry commitment and action needed to achieve 5% zero-carbon fuels in international shipping by… Read More
America’s largest tank barge operator, Houston-headquartered Kirby Corporation (NYSE: KEX) today reported results for the second quarter ended June 30, 2021 that included net earnings of $10.2 million, or $0.17 per share, compared with earnings of $25.0 million or $0.42 per share for the 2020 second quarter. Consolidated revenues for the 2021 second quarter were… Read More
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The US Environmental Protection Agency (EPA) approved Konecranes’ new hybrid technology in April 2021 after a comprehensive testing protocol conducted by West Virginia University (WVU) at South Carolina Ports’ Wando Welch Terminal. Konecranes partnered with WVU to test and measure RTG exhaust emissions using the new hybrid power packs, with WVU concluding: “Carbon monoxide emissions… Read More
RALEIGH — A new state law that eliminates a requirement local governments get three bids before signing a contract for large dredging projects without first readvertising for new bids got a big thumbs-up Monday from Carteret County Shore Protection Office Manager Greg Rudolph. In an interview, Mr. Rudolph, whose office oversees dredging and beach nourishment… Read More
Jeroen Veraart – Hired as Accountmanager bij Danfoss Power Solutions Jorge Lacruz – Promoted to Waterfront Engineer at Damen Naval Pieter Becker – Hired as Sales | Business Development | Maritime | Energy | Offshore William Shephard – Promoted to VP – Construction & Engineering at LVI Associates
DredgeWire Along With Everyone in the Dredging Industry Mourns the Loss of Ben Cottrell V this past Week. Benjamin Gray Cottrell V, 62, passed away on Friday, July 16, 2021 surrounded by his loving family and close friends. He battled cancers and heart issues for 13 years and finally succumbed to complications from sepsis. Known… Read More