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It's on us. Share your news here.
Leading speciality construction company Orion Group Holdings Inc (NYSE:ORN) has seen its stock price jump after yesterday announcing contract awards worth approximately $17 million. The company has been awarded contracts to provide dredging services in the Corpus Christi Ship Channel in Corpus Christi, Texas and a marine terminal facility for a private client. Both contracts… Read More
This week we completed the production of two bow couplings for our valued customer Great Lakes Dredge & Dock Corporation This installation is designed for efficient beach and land reclamation. It realizes the connection between ship and floating hose line. Proud detail: We are the inventor of the bow coupling which became the standard in… Read More
Alphabulk, part of AXS Marine, has launched a withering attack on the poor financial performance of US-listed dry bulk companies over the past decade. With most companies still in the red in Q1 and likely for Q2, Alphabulk has run the numbers on nine US-listed dry bulk companies from 2011 to the present day. In… Read More
By Helen Brohl, Executive Director, US Committee on the Marine Transportation System Wednesday: The Federal Maritime Commission formally initiated its investigation of pending Canadian ballast water regulations alleged to be unfavorable and detrimental to U.S. flag Laker vessels and will issue a “Notice of Investigation and Request for Comments”. The Notice specifies how interested parties… Read More
S23 Holdings and affiliate East Coast Repair and Fabrication will create 332 jobs Published June 16, 2020 by Kate Andrews S23 Holdings LLC, a maritime company focused on ship repair and manufacturing, plans to locate its corporate and industrial campus in Newport News, Gov. Ralph Northam announced Tuesday. The company, which includes among its affiliates… Read More
ST Engineering North America, Inc. says that Robert (Bob) L. Merchent has been named President and CEO of VT Halter Marine Inc. (Halter Marine) effective yesterday. Merchent joins Halter Marine with extensive shipbuilding and major program management experience. “We welcome Bob and look forward to his leadership of Halter Marine during this time of growth,”… Read More
In this edition of Listen Up!, we talk to Chad Verret. He is the fourth generation of his family to work in the maritime industry, and is president of Q-LNG Transport, chairman of the board of the Society for Gas as a Marine Fuel (SGMF) and executive vice president of Harvey Gulf International Marine. Q-LNG… Read More
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Greenwich, Conn., based Diamond S Shipping Inc. (NYSE: DSSI) and Hellerup, Denmark based Norden A/S (CPH:DNORD) have formed a strategic partnership called DiaNor. It brings together two of the world’s largest product tanker operators to facilitate the commercial consolidation of the sector. Diamond S will initially contribute 28 medium range (MR2) product tankers to the… Read More
Canadian NEAS Group has become the latest shipowner to join Green Marine, a voluntary environmental program for North America’s maritime industry. NEAS operates principally in the Canadian Arctic’s eastern and western regions, as well as polar and remote High North regions, primarily to provide essential resupply services to northern communities. The group is committed to… Read More
DURING the height of the global pandemic, Canadian Premium Sand (CPS) released its Plan B for its proposed frac-sand mine and processing facility on the east side of Lake Winnipeg. Quite frankly, Plan B is even worse than its original plan. In a late-March press release, CPS announced that its new preliminary feasibility study had… Read More
New York-based private energy and infrastructure development company Glenfarne Group confirmed it stands behind the acquisition of the Magnolia LNG project in Louisiana. Glenfarne noted the acquisition of the project was completed through its newly formed unit Magnolia LNG Holdings. Magnolia LNG is an 8 million tonnes per annum (mtpa) LNG export project that has… Read More
Selects Port Executive Director, State Highway Administrator ANNAPOLIS, MD—Governor Larry Hogan today announced the appointment of new leaders at the Maryland Department of Transportation Maryland Port Administration (MDOT MPA) and State Highway Administration (MDOT SHA). Transportation Secretary Greg Slater appointed William P. Doyle, a former United States Federal Maritime Commissioner, to lead the Port of… Read More
HOUSTON–(BUSINESS WIRE)–Jun. 8, 2020– Orion Group Holdings, Inc. (NYSE: ORN) (the “Company”) a leading specialty construction company, today announced it has entered into an amendment to its existing credit agreement with Regions Bank and other lenders, providing for a new $20 million revolving credit facility to supplement its existing $50 million revolver. The new revolver… Read More
Huntington Ingalls Industries’ (NYSE: HII) Ingalls Shipbuilding division moved destroyer Delbert D. Black (DDG 119) to Pier Four on the east bank of the Pascagoula River today, signifying the reopening of a facility hit hard by Hurricane Katrina in 2005. The newly reactivated, 187-acre east bank features covered construction areas to improve safety and optimize… Read More
Houston-headquartered SEACOR Marine Holdings Inc. (NYSE: SMHI) reports that it has entered into a definitive sale and purchase agreement to acquire the remaining 50% of the equity interests in SEACOSCO Offshore LLC, its joint venture with China’s COSCO Shipping Group. As a result of the purchase, SEACOR Marine will own 100% of SEACOSCO, consolidating its… Read More