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Categories for Company & People News | Dredge Mining
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Canada Steamship Lines sells self-unloader for green recycling in Turkey

Canada

Canadian shipping company Canada Steamship Lines, a division of the CSL Group, has sold the 35,656 dwt self-unloader MV Salarium for demolition in Turkey. According to the company, the decommissioning of the bulk carrier comes after “a long and productive 41-year career with the Canada Steamship Lines fleet”. As explained, the long-serving vessel reached the… Read More

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DredgeWire’s exclusive Interview with Adriano Fernandes, Regional Director of IHC Americas

Houston , TX, United States

IHC Americas is headquartered in Houston, TX and is a subsidiary of Royal IHC, The Netherlands DredgeWire: Adriano, could you provide us with a brief summary of IHC Americas and yourself? Adriano/IHCA: IHC Americas is the combination between a US based subsidiary of Royal IHC, Netherlands and many business and partnerships in the Latin America… Read More

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USACE’s Portland District now commanded by Helton

OR, United States

Col. Michael D. Helton recently took over as commander of the U.S. Army Corps of Engineers’ Portland District. He oversees approximately 1,500 federal employees responsible for serving residents in most of Oregon and southwestern Washington. The district operates locks and dams along the Columbia River, operates dams in the Willamette Valley for flood risk management,… Read More

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Stop Dredging in The Dark

United States

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

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Philly Shipyard reports sudden passing of CFO

PA, United States

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

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RCL posts $1.6 billion second quarter loss

FL, United States

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

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Eagle LNG and Crowley celebrate landmark LNG bunkering

FL, United States

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

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Robert Socha Joins Conrad Shipyard

LA, United States

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

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Great Lakes Dredge & Dock Q2/2020 Earnings Call, Key Points

IL, United States

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

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Cheniere swings to Q2 profit

TX, United States

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

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OSG reports profitable second quarter

NY, United States

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

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Mike Ellis named American Commercial Barge Line CEO

IN, United States

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

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Norwegian Cruise Line has no plans to shed any ships

FL, United States

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

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Orion Director Mary Sullivan Buys 10,000 shares of Orion

DC, United States

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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