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Orion Marine Group (NYSE: ORN) reported Q1 EPS of $0.04, $0.02 better than the analyst estimate of $0.02. Revenue for the quarter came in at $153.3 million versus the consensus estimate of $155.1 million. First Quarter 2021 Highlights: Operating income was $2.1 million for the first quarter of 2021 compared to operating income of $4.4… Read More
ITC Global joins the Marlink Group, strengthening its leading position as provider of smart network solutions on land and at sea Oslo/Paris/Houston TX, 03 May 2021: On Friday April 30, Marlink Group, the leading provider of smart network solutions, closed the transaction of acquiring ITC Global, strengthening its position as the global leader in business-critical… Read More
America’s largest tank barge operator, Houston-headquartered Kirby Corporation (NYSE: KEX) today announced a net loss for the first quarter ended March 31, 2021, of $3.4 million, or ($0.06) per share, compared with a loss of $347.2 million or $5.80 per share for the 2020 first quarter. Excluding one-time items in the 2020 first quarter, net… Read More
Michael Beton – Promoted as Manager, R&D and Production Engineering at Great Lakes Dredge & Dock Company, LLC Nikos Psomas, MSc – Hired as Director Global Business Development at Technonaval
HOUSTON–(BUSINESS WIRE)–Apr. 28, 2021– Orion Group Holdings, Inc. (NYSE: ORN) (the “Company”), a leading specialty construction company, today reported net income of $0.9 million ($0.03 diluted earnings per share) for the first quarter ended March 31, 2021. First Quarter 2021 Highlights Operating income was $2.1 million for the first quarter of 2021 compared to operating… Read More
EMERALD ISLE — After almost exactly three months, the 9.4-mile-long Emerald Isle beach nourishment projected ended early Monday morning, with the exception of planting vegetation on new dunes, which is set to commence next week. The Liberty Island, one of two Great Lakes Dredge and Dock Co. vessels working on the project, delivered its last… Read More
A DredgeWire exclusive DredgeWire Publisher Peter Bowe and Associate Publisher Heiko Osterchrist just sat down (virtually) with the founders of the new maritime services company Proxima Innovation, Rafael Habib and Rafael Vorcaro, to hear their story. Here’s their very first exposure to the maritime community. Peter: How would you describe your new business to someone… Read More
Gerrit Kamerman – Gerrit Kamerman, now Commercial a Technical Director at VOSTA LMG. Gerrit Was previously with Vosta for over a decade and has now returned after twelve years with other companies including Royal IHC and HollandMT Wasantha Karunaratne – Hired as Maritime Work Superintendent at Damen Marine Components noe flores – Promoted to Dredge… Read More
WASHINGTON – Today, the U.S. Department of Transportation’s Maritime Administration (MARAD) announced $19.6 million in grant awards to 31 small shipyards in 15 states through the Small Shipyard Grant Program. The funds will help awardees modernize, increase productivity, and expand local employment opportunities while competing in the global marketplace. Since 2008, MARAD’s Small Shipyard Grant Program has awarded $262.5… Read More
Morgan City, LA: Conrad Shipyard hosted a Keel Laying Ceremony for Great Lakes Dredge & Dock Company (GLDD) at its Deepwater shipyard in Amelia, Louisiana. The keel is for a 6,500 cubic yard Trailing Suction Hopper Dredge. Delivery is scheduled before the end of Q1 in 2023. Addressing an audience of Conrad and GLDD executives,… Read More
Louisiana Green Fuels, a subsidiary of Strategic Biofuels LLC, plans to develop a renewable diesel plant in Caldwell Parish. Located on a 171-acre site at the Port of Columbia, the plant would produce up to 32 million gallons of renewable fuel annually through established refinery processes with wood waste as the feedstock, a news release… Read More
At March’s TTB 2021, Jonathan Zier, manager-business development of offshore services for Crowley Maritime, spoke on tug and barge opportunities for U.S. offshore wind installations. Last month, Zier told us more. Marine Log (ML): Crowley has recently partnered with Watco and Esvagt on U.S. offshore wind related projects. Can you tell us more about these… Read More
MSD enters into an agreement to purchase energy from the Armadillo Solar Center in Navarro County, Texas. With the PPA, Ørsted is extending its industrial customer base to the pharmaceutical industry. The Center is expected to be operational by early 2023. MSD, a biopharmaceutical company known as Merck & Co. Inc., Kenilworth New Jersey, in… Read More
Huntington Ingalls Industries (NYSE:HII) reports that its Ingalls Shipbuilding division has received a contract modification from the U.S. Navy worth $107 million to provide long-lead-time material and advance procurement activities for amphibious assault ship LHA 9. “The amphibious warship production line is a critical component of our nation’s defense industrial base,” Ingalls Shipbuilding President Kari… Read More
Bollinger Shipyards, a privately-held leading designer and builder of steel military and commercial vessels for the past three quarters of a century, has acquired Gulf Island Fabrication, Inc.’s Shipyard facilities, expanding Bollinger’s new construction and repair capacity and capabilities to better serve its key defense and commercial customers. Financial terms of the transaction were not… Read More