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Morgan City, La., headquartered shipbuilder Conrad Industries, Inc. (OTC Pink: CNRD) yesterday reported its third quarter and nine months 2020 financial results and backlog at September 30, 2020. For the quarter ended September 30, 2020, Conrad had net loss of $3.6 million and loss per diluted share of $0.72 compared to net income of $983,000… Read More
Cashman Dredging & Marine Contracting Company, LLC Promotes Norman Bourque to Senior Vice President. He has more than 30 years of Marine Transportation, Dredging and Construction experience. Norman is a strong leader with motivational management style and reputation for training and retaining highly motivated project teams. He is a results-oriented achiever with excellent track record… Read More
Grön Fuels LLC, a portfolio company of Fidelis Infrastructure is studying the feasibility of a renewable fuel complex at the Port of Greater Baton Rouge. With expansions and associated projects, the complex could involve up to $9.2 billion of total investment over several phases. A final investment decision is expected in 2021, which will determine… Read More
The US Ocean Exploration Cooperative Institute (OECI), funded by NOAA’s Office of Ocean Exploration and Research (OER) recently signed a purchase contract to acquire a DriX Unmanned Surface Vessel (USV) from high-tech company iXblue. Signed over the summer, this contract consists of one DriX USV along with a novel custom-designed Universal Deployment System able to… Read More
Orion Group Holdings Inc., a leading specialty construction company, had net income of $11.8 million, or $0.39 diluted earnings per share, for the third quarter, the company announced October 28. The numbers are increases from the $4 million or $0.14 per share reported for the same quarter of 2019. Contract revenues for the quarter, however,… Read More
Ingram Barge Company LLC reported today that its wholly-owned subsidiary, Houston Fleeting Services LLC, has entered into an agreement to acquire the business assets of Houston-based Cheryl K LLC and San Jacinto River Fleet, LLC. The move is intended to strengthen Ingram Barge’s position in the inland marine industry by expanding its reach and capabilities… Read More
At its virtual meeting held yesterday, the National Waterways Foundation (NWF) elected the following trustees to three-year terms expiring in 2023: Dan Mecklenborg, Ingram Barge Company Matt Woodruff, Kirby Corporation Dr. Craig Philip, Vanderbilt University Rev. Mark Nestlehutt, Seamen’s Church Institute Rodney Weinzierl, Illinois Corn Growers Association Brian Mueller, Heartland Companies Karl Jefferson, LIUNA (newly… Read More
The U.S. Army Corps of Engineers, Philadelphia District, is issuing a draft Environmental Assessment (EA) titled: New Jersey Intracoastal Waterway – Beneficial Use of Dredged Material at East Pool- Edwin B Forsythe National Wildlife Refuge. The purpose of this document is to evaluate the placement of approximately 10,000 cubic yards of sandy and fine-grained sediment… Read More
DredgeWire congratulates these four industry individuals who have received important promotions or new jobs: Jim Kyles Dir of Strategic Planning & Growth at Sevenson Enbironmental Services Dave Huggler EVP at Mobile Dredging Mike Gerhardt Formerly of Dredging Contractors of America, now the new SVP, Government Affairs at Cashman Dredging & Marine Contracting Sam Robinson President,… Read More
Company Donates Full Transportation to Honor Veterans and Military During Holidays (JACKSONVILLE, Fla.; Nov. 9, 2020) – Continuing its dedication to honoring and serving the U.S. military and veterans, Crowley will be the official sponsor at the Puerto Rico National Cemetery for National Wreaths Across America Day in December. Crowley will donate the ocean and… Read More
HOUSTON — (BUSINESS WIRE) — Nov. 9, 2020 — Orion Group Holdings, Inc. (NYSE: ORN) a leading specialty construction company, today announced contract awards totaling approximately $52 million. The Company’s Concrete segment has been awarded three separate contracts to provide concrete and associated paving services for projects in Texas. All three projects call for the construction… Read More
Jan De Nul Group is present all over the world and in various activities. Discover all about it in our new corporate video. Enjoy the beautiful images, exclusive stories and unique glimpse behind the scenes. Over the past week you could not ignore the hype with some snippets of our new corporate video on our… Read More
Oilfield services player Baker Hughes is acquiring a pioneering technology development company Compact Carbon Capture (3C). The agreement includes all intellectual property, personnel and commercial agreements. With this move Baker Hughes aims to provide solutions for carbon-intensive industries, including oil and gas and broader industrial operations. 3C technology can address CO2 capture from different emission… Read More
Jeanerette, La., based shipbuilder Metal Shark has been selected to receive the President’s “E” Award for Exports, the highest recognition any U.S. entity can receive for making a significant contribution to the expansion of U.S. exports. “Metal Shark’s achievements have undoubtedly contributed to national export expansion efforts that support the U.S. economy and create American… Read More
Third quarter income from continuing operations of $12.5 million Third quarter adjusted EBITDA from continuing operations of $32.2 million Backlog of $661.3 million at September 30, 2020 Cash position of $229.7 million at September 30, 2020 Company moving headquarters to Houston, Texas OAKBROOK TERRACE, Ill., Nov. 04, 2020 (GLOBE NEWSWIRE) — Great Lakes Dredge &… Read More