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Covington, Louisiana — Hornbeck Offshore Services, Inc. (“Hornbeck Offshore” or the “Company”) announced today that the United States Department of the Navy Office of Small Business Programs recently approved a Mentor Protégé Agreement between the Company and Next Generation Logistics, LLC (“NGL”). Small businesses, including Veteran/Service-Disabled Veteran-Owned small businesses, Historically Underutilized Business Zone small businesses, Small… Read More
US-based fleeting and shifting firm Turn Services on Tuesday (30 July) announced its plans to acquire Marine Fueling Service, Inc. (MFS), a company with 65 years of service in the Golden Triangle area and the Intracoastal Waterway (ICWW) in Texas. Owned by the Bean family for over six decades, MFS provides bunkering, fleeting, shifting, towing,… Read More
HOUSTON — Great Lakes Dredge & Dock Corporation (NASDAQ: GLDD) today announced that it will release the financial results for its three and six months ended June 30, 2024 on Tuesday, August 6, 2024 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… Read More
As global shipping proves buoyant, Saltchuk Resources announced its plan to purchase Overseas Shipholding Group (“OSG”) in an all-cash deal that values the company at an aggregate equity value of approximately $653 million. Saltchuk is a privately-owned family of diversified freight transportation, marine service, and energy distribution companies, while OSG focuses on transportation services for crude… Read More
Heidelberg Materials North America has entered into a definitive purchase agreement to acquire Carver Sand & Gravel, an aggregates producer in the New York, US, area. Carver Sand & Gravel has an annual sales volume of approximately 1.8 million tonnes (t) of materials, with a production capacity of around three million tonnes per year. Carver… Read More
KANSAS CITY, Mo. — In historic military tradition, command of the Kansas City District, U.S. Army Corps of Engineers transferred today from Col. Travis Rayfield to Col. Andrew Niewohner. In a ceremony at the National World War I Museum and Memorial in Kansas City, Missouri, Niewohner received the traditional guidon from Rayfield through Brig. Gen…. Read More
BALTIMORE — Col. Francis Pera became the 70th commander and district engineer of the U.S. Army Corps of Engineers (USACE), Baltimore District, during a change of command ceremony at the Washington Aqueduct in Washington D.C., July 25, 2024. Pera assumed command from Col. Estee Pinchasin, who had served in the role since July 2021. A graduate… Read More
Helmerich & Payne, Inc. (NYSE: HP) (“H&P” or the “Company”) and KCA Deutag International Limited (“KCA Deutag”) today announced a definitive agreement under which H&P will acquire KCA Deutag for $1.9725 billion in cash. KCA Deutag is a diverse global drilling company. The company has a significant land drilling presence in the Middle East, which… Read More
MEMPHIS, Tenn., July 29, 2024 – The U.S. Army Corps of Engineers Memphis District promoted Shane Callahan to the engineering and construction division chief role. In this role, he is responsible for flood risk management, engineering and construction, navigation, ecosystem restoration, and water supply projects within the Memphis District’s boundaries, including portions of Mississippi, Tennessee, Arkansas,… Read More
HOUSTON and SABAH, Malaysia, July 29, 2024 /PRNewswire/ — McDermott and TAS Institute of Oil and Gas (TAS), the first integrated oil and gas training institute in Sabah, Malaysia, jointly announce the signing of a Memorandum of Understanding (MoU) for cooperation on research and development, training, capacity building, and institutional development. McDermott is the first large multinational energy service… Read More
RYE, N.H. — Two people were thrown into the ocean after a humpback whale landed on their fishing boat off the New Hampshire coast on Tuesday morning, and the entire incident was caught on video. “We didn’t see him for a couple of minutes, and then the next thing we knew, he popped up and landed… Read More
Weeks Marine Superintendent Kenneth Machacek was selected as a recipient of the 2024 Western Dredging Association’s (WEDA) Dredger on Deck Award! Each year, the Dredger on Deck Award is awarded to on-site operating and/or supervisory personnel overseeing dredging operations. The award recognizes the recipient’s contributions and value to the dredging community over the years. Kenneth… Read More
Corpus Christi, TX, USA – Port of Corpus Christi customers moved 50.1 million tons through the Corpus Christi Ship Channel in the second quarter of 2024, a 1.7 percent increase over the same period in 2023. In Q2 2024, the Port of Corpus Christi saw increases in crude oil, break bulk and agricultural commodity shipments through… Read More
HOUSTON, July 24, 2024 (GLOBE NEWSWIRE) — Orion Group Holdings, Inc. (NYSE: ORN) (the “Company”), a leading specialty construction company, today reported its financial results for the second quarter ended June 30, 2024. Highlights for the quarter ended June 30, 2024: Contract revenues of $192.2 million GAAP net loss of $6.6 million or $0.20 per diluted share Adjusted net loss of $5.2 million or $0.16 per diluted share Adjusted EBITDA… Read More
ATLANTA–(BUSINESS WIRE)–CRH today announced the acquisition of Ary Corporation, a leading provider of building materials solutions headquartered in Canon City, Colorado. This acquisition expands CRH’s Americas Materials Solutions business in the state of Colorado, enhancing its ability to provide integrated solutions to customers in Colorado and surrounding states. Ary Corporation complements CRH’s Americas Materials Solutions… Read More