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DredgeWire Report This past week both publicly traded US dredging companies, Great Lakes Dredge & Dock (GLDD) and Orion Marine Group (ORN), made presentations at the NobleCon17 Virtual Investor Conference. Mark Marinko CFO together with CEO Lasse Petterson presented for Great Lakes. Here is DredgeWire’s list of bullet points of key comments made, along with… Read More
HOUSTON–(BUSINESS WIRE)–Jan. 21, 2021– Orion Group Holdings, Inc. (NYSE: ORN) a leading specialty construction company, today announced contract awards totaling approximately $27 million. The Company’s Concrete segment has been awarded several contracts to provide concrete and associated paving services. In the Central Texas region, the Company has been awarded an $11.6 million contract to construct a large tilt-wall distribution center. The… Read More
Germany’s engine manufacturer MAN Energy Solutions has decided to acquire almost 99% of the shares in H-Tec Systems, a compatriot electrolysis technology company. Subject to approval by the competition authorities, MAN Energy Solutions has purchased the shares of the previous majority shareholder, GP Joule, adding to the 40% stake it previously took in the company in 2019…. Read More
U.S. and Canadian ports in the Great Lakes-St. Lawrence Seaway system reported that overall tonnage during the 2020 navigation season was down just 1.7% compared to the 2019 navigation season, despite facing a challenging year. “The Seaway’s 62nd navigation season was one of the most remarkable in history,” said Craig Middlebrook, Deputy Administrator of the… Read More
EDPR NA Distributed Generation will focus exclusively on downstream generation and energy efficiency services Houston, TX, Jan. 19, 2021 (GLOBE NEWSWIRE) — EDPR Renewables North America LLC (EDPR NA) announces the acquisition of a majority interest in C2 Omega LLC, the distributed solar platform of C2 Energy Capital LLC (“C2”). The new company, EDPR NA… Read More
New Orleans headquartered Turn Services—one of the largest independent barge fleeting and shifting companies in the U.S.—reports that it has now completed its acquisition of the assets and business of Bayou Fleet (see earlier story). Located at Mile 125.5 on the Lower Mississippi River (LMR) in Hahnville, La., Bayou Fleet provides fleeting, shifting and dry… Read More
Royal Caribbean Group (NYSE: RCL) reports that it has entered into a definitive agreement to sell its three-ship Azamara brand to Sycamore Partners, a private equity firm specializing in consumer, retail and distribution investments, in an all-cash carve-out transaction for $201 million, subject to certain adjustments and closing conditions. Sycamore Partners will acquire the entire… Read More
WASHINGTON — The U.S. Army Corps of Engineers (USACE) delivered to Congress its Fiscal Year 2021 (FY 2021) Work Plan for the Army Civil Works program on January 19, 2021.On December 27, 2020, President Trump signed into law the Consolidated Appropriations Act, 2021, Public Law 116-260, of which Division D is the Energy and Water… Read More
ACOPNE welcomes Lori Brownell, P.E., D. NE as a new member of the ACOPNE Board of Trustees. Ms. Brownell will serve as the navigation engineering representative on the Board thru October 2023. Currently, as Port Houston‘s Director of Channel Improvement, Ms. Brownell leads the team to focus on the next generation of widening and deepening improvements to the Port… Read More
Martijn Luth General Manager at Infrastructure Alternatives, Inc. Rockford, Michigan, United States MORE INFO Jason Marchioni General Manager at North American Aggregates Cranford, New Jersey, United States
Coastal States Organization (CSO) has hired Derek Brockbank to be their new Executive Director. CSO represents the nation’s coastal States, Territories, and Commonwealths on ocean, coastal, and Great Lakes resource and policy issues. Brockbank brings two decades of experience in coastal adaptation policy and organizational development, most recently serving as Executive Director of American Shore… Read More
In what looks to have been one of her last official acts before stepping down from the Trump Administration, then Secretary of Transportation Elaine L. Chao promoted U.S. Merchant Marine Academy (USMMA) Superintendent, Rear Adm. Jack Buono, to Vice Admiral in the U.S. Maritime Service (USMS) at a small ceremony held Monday, January 11, in… Read More
HOUSTON–(BUSINESS WIRE)–Jan. 13, 2021– Orion Group Holdings, Inc. (NYSE: ORN) (the “Company”), a leading specialty construction company, today announced that its CFO Robert Tabb and VP of Investor Relations Francis Okoniewski, will present at NobleCon17, Noble Capital Markets’ Seventeenth Annual Investor Conference, on Tuesday, January 19, 2021 at 12:00 pm EST. The conference is virtual,… Read More
New York City-based New Fortress Energy has lined up a $5 billion deal to acquire Hygo Energy Transition and Golar LNG Partners. New Fortress Energy, an energy infrastructure company, will become the leading gas-to-power company in Brazil. With the acquisition of Hygo, a joint venture between Golar and Stonepeak Infrastructure Partners, it will acquire an… Read More
