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DSC Dredge, LLC, one of the industry’s leading global suppliers of customized dredging equipment, has joined forces with Teledyne Marine and Trimble to create DSC VISION – a highly innovative, easy to operate 3D guidance and visualization system that allows operators to stop dredging in the dark. This revolutionary combination of DSC Dredge and Teledynesoftware,… Read More
Philly Shipyard, Inc., the sole operating subsidiary of Philly Shipyard ASA (Oslo: PHLY), has announced the unexpected death of Chief Financial Officer, Brian Leathers, age 60. Leathers joined Philly Shipyard in early 2019 as the company’s Strategy and Compliance Officer before assuming the CFO role in July 2019. Steinar Nerbovik, Philly Shipyard President and CEO,… Read More
The no sail orders imposed in response to the coronavirus pandemic continue to put the cruise industry under huge financial pressure. Royal Caribbean Group (NYSE: RCL) today reported a U.S. GAAP net loss for the second quarter of $1.6 billion compared to income of $472.8 million in the 2019 second quarter, The 2020 results include… Read More
Eagle LNG Partners (Eagle LNG) and Crowley Maritime on Friday celebrated the 100th bunkering of a Crowley LNG fueled ConRo at Eagle’s Port of Jaxonville, Fla., Talleyrand LNG Bunker Station. Eagle LNG says it has delivered on its weekly LNG bunkering commitment to Crowley regardless of COVID-19 constraints or shipping challenges. “Since March, our operations… Read More
Morgan City, La., headquartered Conrad Shipyard, LLC reports that Robert A. Socha has joined the company as Vice President of Sales and Marketing. In this role, Socha will lead the company’s sales and marketing efforts. He will work collaboratively with other Conrad business groups, including Business Development, Engineering and Product Development, Contracts, Estimating and Operations…. Read More
Here is DredgeWire’s exclusive coverage of the highlights from the second quarter earnings call with Great Lakes Dredge & Dock on Tuesday, August 4. CEO Lasse Petterson (LP) and CFO Mark Marinko (MM) conducted the call and fielded questions. Here is link to the DW story on earnings report itself. New dredge Investment GLDD confirmed… Read More
Houston-based LNG exporter Cheniere Energy reported a jump in profit for the second quarter and the first six months of 2020. Cheniere reported a net income of $197 million for the quarter, which compared to $114 million loss in the corresponding period in 2019. For the first half of the year, Cheniere reported a net… Read More
U.S.-flag tank vessel operator Overseas Shipholding Group, Inc. (NYSE: OSG) reported second quarter results that included net income of $6.4 million, compared with a net loss of $1.7 million for the second quarter of 2019. Shipping revenues were $114.5 million, up 29.5% compared with last year’s second quarter 2019. Time charter equivalent (TCE) revenues were… Read More
American Commercial Barge Line (ACBL) and its board of directors have named Mike Ellis, as the company’s new CEO and a member of its board of directors, effective August 17, 2020. The announcement follows an earlier announcement that Mark Knoy will retire from his positions as president and CEO and member of the board. “Following… Read More
Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH) today reported financial results for the second quarter ended June 30, 2020. The company’s second-quarter GAAP net loss was $715.2 million or $2.99 per share compared to net income of $240.2 million or $1.11 per share in the prior year. Adjusted net loss was $666.4 million or $2.78… Read More
Director Sullivan bought 10,000 shares of common stock at $2.90 per share on August 7 and now owns 154,168 shares of the Company. Orion SEC filing Source: oriongroupholdingsinc
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Author: Dan Ginolfi WaterLog August 2020 Source: waterlog.net
IHC America, continues to expand its market in N. America with the multiple deliveries of refurbished & customized Dragheads. These pictured refurbished Dragheads were recently delivered to two N. American customers who commented that IHCA delivered their Dragheads back like new, with superior quality and timely delivery. Dragheads are of critical importance to the entire… Read More
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