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Second quarter income from continuing operations of $9.0 million Year to date income from continuing operations of $42.9 millionSecond quarter adjusted EBITDA from continuing operations of $28.1 millionYear to date adjusted EBITDA from continuing operations of $89.5 millionCash position of $233.5 million at June 30, 2020 OAK BROOK, Ill., Aug. 04, 2020 (GLOBE NEWSWIRE) —… Read More
Houston headquartered Kirby Corporation (NYSE: KEX) reported net earnings for the quarter ended June 30, 2020 of $25.0 million, compared with $47.3 million for the 2019 second quarter. Consolidated revenues for the quarter were $541.2 million compared with $771.0 million in the 2019 second quarter. “The dramatic economic slowdown associated with the COVID-19 pandemic in… Read More
New Orleans, La., headquartered Harvey Gulf International Marine has hired Ed Galloway, formerly of Subsea7/i-Tech7, to build and manage its new subsea venture company, Harvey Subsea Services. At SS7/i-Tech7, Galloway was Director of GOM Region, where he ran the company’s IMR business, including related charters and engineering solutions. Prior to this, he spent 23 years… Read More
Investment Boom Continues; Callan Marine Announces Next State-of-the-Art Cutter Suction Dredge Washington, D.C.–July 31, 2020. Yesterday, Callan Marine of Galveston, Texas announced that a fifth cutter suction dredge (CSD), the General Bradley, will be added to the company’s fleet next year. The new dredge is a 28”, 341-foot long, diesel electric powered CSD with three… Read More
Although Comal Energy Services (CES) may be new to the inland marine market, those spearheading the oil and gas services company’s expansion have decades of experience repairing and maintaining marine vessels. Company president Allan Nichols previously worked in the marine division of Mustang Cat. Jake Burkhart, marine sales manager, is part of the family that… Read More
General Bradley Targets Maintenance and Capital Dredging Projects GALVESTON, TX – July 30, 2020 – Callan Marine announces construction commencement of the General Bradley, a new 28” dredge that will join the fleet in 2021. The General Bradley is diesel-electric driven and will have three ABC 12DZC engines installed with a total of 9,260 horsepower. At… Read More
The U.S. Army Corps of Engineers Philadelphia District has received a request to amend the Mitigation Banking Instrument for the Stipson’s Island wetland mitigation bank in Dennis Township, Cape May County, New Jersey. The Stipson’s Island wetland mitigation bank is approved to provide compensatory mitigation credits for Department of the Army permits. More details are… Read More
Hub’s Landing Marina has bought and taken delivery of a Mud Cat model 115 Dredger. The marina is based off the Mississippi river in Minnesota USA, and will use the dredge for slip maintenance and access channel maintenance.
HOUSTON–(BUSINESS WIRE)–Jul. 29, 2020– Orion Group Holdings, Inc. (NYSE: ORN) (the “Company”), a leading specialty construction company, today reported net income of $2.0 million ($0.07 diluted earnings per share) for the second quarter ended June 30, 2020. Second quarter highlights are discussed below. Second Quarter 2020 Highlights Contract revenues were $183.7 million, up 10.7% from… Read More
After an extensive local and national search, the Port of Portland has named Antoinette Chandler its new chief financial officer. She will oversee accounting, capital finance and debt management, budget, financial planning and analysis, audit and risk functions. Chandler has more than 20 years of banking and investment experience in both the private and public… Read More
DredgeWire has been working hard to become YOUR leading media publication serving the maritime, dredging, ports, shipbuilding and navigation sectors. We are pleased to brief our constituencies with this update. New Sponsors — DredgeWire is excited to announce the following companies have signed on as new sponsors: IHC America | Smith Marine & Towing |… Read More
DETROIT — Lt. Col. Scott Katalenich assumed command of the U.S. Army Corps of Engineers, Detroit District, today, Friday, July 24, in a Change of Command ceremony rich with symbolism and heritage. Katalenich comes to Detroit after receiving a Doctor of Philosophy in Civil & Environmental Engineering – Atmosphere/Energy from Stanford University under the Army’s… Read More
DredgeWire Exclusive On June 9, 2020, Maryland Governor Larry Hogan announced the appointment of William P. Doyle, Chief Executive Officer of the Dredging Contractors of America, (DCA) as the new Head of the Maryland Port Administration and Executive Director of the Port of Baltimore. Mr. Doyle agreed to an exclusive interview with DredgeWire during his… Read More
The prominent attorney and community leader represents Orleans Parish on the seven-member board Gov. John Bel Edwards has appointed Walter J. Leger Jr. to the Board of Commissioners of the Port of New Orleans (Port NOLA). Leger was sworn in during the July board meeting and will serve a five-year term succeeding Arnold B. Baker… Read More
Robert (Bobby) Olvera, Jr., the international vice president (mainland) of the International Longshore and Warehouse Union, was recently appointed to the Harbor Commission, which oversees operations at the Port of Long Beach. Olvera began his 30-year history with the ILWU in 1989 as a third-generation longshoreman and has held several leadership roles within the organization…. Read More