Tonight, U.S. Senators Todd Young (R-Ind.) and Mark Kelly (D-Ariz.) joined Special Report on Fox News to discuss their bill to restore our nation’s shipbuilding capabilities and make American ships again. Source
Industry leader Josh Cheshier has been named vice president of operations for the Crowley Fuels business unit, which provides energy distribution and supply chain solutions throughout Alaska. With more than two decades of expertise in the energy sector, Cheshier brings a strong focus on operational efficiency, safety and strategic growth to Crowley. Cheshier has held… Read More
First quarter net income of $33.4 million First quarter Adjusted EBITDA of $60.1 million Dredging backlog of $1 billion at March 31, 2025 HOUSTON, May 06, 2025 (GLOBE NEWSWIRE) — Great Lakes Dredge & Dock Corporation (“Great Lakes” or the “Company”) (Nasdaq: GLDD), the largest provider of dredging services in the United States, today reported… Read More
The Executive Office of the President, Office of Managment and Budget (OMB) sent letters to the House and Senate on Friday, May 2, 2025, recommending discretionary funding levels for fiscal year (FY) 2026. Provided therein, is over $1 Billion in cuts from the Harbor Maintenance Trust Fund. The OMB, as an agency, has a long… Read More
Mud Cat would like to congratulate (from left to right) DuWayne Richert, Regional Sales Manager, for 40 years of service, Mike Ziegler, Assembly Lead, for 35 years of service and Todd “The Todd” Johannsen, Parts & Service, for 40 years of service. A combined 115 years of service between these experts in the field of… Read More
The Dutra Group, a leading provider of dredging and marine construction services, has acquired Hanford ARC, a general engineering and landscape contractor specializing in ecological restoration projects with an emphasis on stream and floodplain construction, soil bioengineering, vegetation management, park construction, and erosion control. This strategic acquisition broadens Dutra’s capacity for restoration and adaptive infrastructure… Read More
First quarter 2025 earnings per share of $1.33 Inland marine experienced improved market conditions with a sequential increase in spot market prices and operating margins around 20% despite an increase in delay days Kirby repurchased 1,258,031 shares at an average price of $99.16 for $124.7 million year-to-date through April 30, 2025 Acquired 14 barges, including four specialty barges, and four high… Read More
The keynote speaker for WODCON XXIV will be Major General Jason E. Kelly, Deputy Commanding General for Civil and Emergency Operations for the U.S. Army Corps of Engineers (USACE). “We are honored to have Major General Kelly open the 24th World Dredging Congress and Exposition. WEDA’s partnership and work with the Army Corps of Engineers is… Read More
Paul De Maria Named CEO and Chairman of United States Maritime Alliance (USMX) NORTH BERGEN, NJ – In mid-April, United States Maritime Alliance (USMX) Board of Directors announced the selected of F. Paul De Maria to be CEO and Chairman of USMX. De Maria served as the organization’s chief negotiator in the latest Master Contract… Read More
MIAMI — Royal Caribbean Group (NYSE: RCL) today reported first quarter Earnings per Share (“EPS”) of $2.70 and Adjusted EPS of $2.71. These results were better than the company’s guidance due to stronger than expected pricing on close-in demand and lower costs mainly due to timing. The company is increasing its full-year 2025 Adjusted EPS guidance to $14.55 to $15.55. The increase… Read More
HOUSTON — Great Lakes Dredge & Dock Corporation (NASDAQ: GLDD) today announced that it will release the financial results for its three months ended March 31, 2025, on Tuesday, May 6, 2025, 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, April 29, 2025 (GLOBE NEWSWIRE) — Orion Group Holdings, Inc. (NYSE: ORN) (the “Company”), a leading specialty construction company, today reported its financial results for the first quarter ended March 31, 2025. Highlights for the quarter ended March 31, 2025: Contract revenues increased 17.4% to $188.7 million versus the prior year period GAAP net loss of $1.4 million or $0.04 per diluted share compared to a… Read More
VIENNA, Va.– Spire Global, Inc. (NYSE: SPIR), a global provider of space-based data, analytics and space services, completed the previously announced sale of its maritime business to Kpler for approximately $233.5 million, before adjustments, plus a $7.5 million agreement for services over a twelve-month period, post close. Spire used the proceeds of the sale to retire all outstanding debt…. Read More
Christopher J Wiernicki has announced he will step down as chairman and chief executive and retire at the end of this year, after 14 years at the helm of ABS. Mr Wiernicki made the announcement at the ABS Annual Members Meeting. After thanking the ABS board of directors, the employees and his family for their… Read More
The American Waterways Operators (AWO) has awarded Crowley mariners serving on the Crowley-managed containership Potomac Express and the company’s LNG-powered container/roll on-roll off vessel El Coqui with the Honor & Excellence in Rescue Operations (HERO) Awards. The U.S. domestic industry mariners were recognized for their heroic efforts in ensuring the safety and security of others… Read More