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In 2019 Mobile Dredging & Video Pipe, Inc. (MDVP) was awarded a contract to increase the depth of the entrance of the channel at the South Benson Marina Channel in Fairfield, CT., due to shoaling. The project was challenging as the Town of Fairfield required the dredged material to be placed on Jennings Beach adjacent… Read More
Oilfield services provider Baker Hughes booked a huge impairment charge in the first quarter of the year resulting in a $10 billion loss for the quarter amid a significant decline in oil and gas prices and coronavirus pandemic. In its 1Q 2020 report on Wednesday, Baker Hughes said that its orders in the quarter were… Read More
HOUSTON–(BUSINESS WIRE)–Orion Group Holdings, Inc. (NYSE: ORN) (the “Company”), a leading specialty construction company, today announced that it will issue its financial results for the first quarter ended March 31, 2020 on Wednesday, April 29, 2020, after the close of the stock market. ORN’s management will conduct a conference call on Thursday, April 30, 2020… Read More
Classification society ABS is now able to conduct almost all classification annual surveys remotely on eligible vessels. Launching 10 additional remote survey options today, ABS offers a total of 28 surveys and audits that can be delivered remotely. “The industry is telling us they want our services delivered remotely, particularly in the current challenging environment,… Read More
MILWAUKEE, Wis. – The Water Council announced the election of five new members to its board of directors. The recently elected board members bring expertise from various aspects of the water cycle as well as business development. The new board members include Ken Bockhorst, Karen Dettmer, Melissa (Missy) Hughes, Elizabeth Koehler and Mark Roehl. “We… Read More
First up, we’ll look at what ROCE is and how we calculate it. Next, we’ll compare it to others in its industry. Then we’ll determine how its current liabilities are affecting its ROCE. Understanding Return On Capital Employed (ROCE) has suggested that a high ROCE can indicate that ‘one dollar invested in the company generates… Read More
U.S. offshore vessel operator Hornbeck Offshore has entered into a restructuring support agreement for comprehensive balance sheet restructuring. Hornbeck’s deal with lenders and noteholders will provide it $100 million of new equity capital upon emergence from Chapter 11 bankruptcy. Hornbeck Offshore said on Tuesday that the company and certain of its subsidiaries had entered into… Read More
Tax credits are available for propane forkliftsfor 2018 – 2020. WASHINGTON (April 13, 2020) – The Propane Education & Research Council is encouraging propane forklift users to take advantage of the Alternative Fuel Tax Credit, which was recently passed by the U.S. Congress as part of the Further Consolidated Appropriations Act, 2020. Businesses operating propane… Read More
As offshore wind moves up the coast of New England, efforts are underway to make sure the region’s fishing interests have a seat at the table early in project development. An alliance of industry and academic stakeholders is promoting the need for research and best practices as offshore wind takes hold in waters where fishing… Read More
New York-based shipping and logistics company Sino-Global Shipping America has decided to acquire a majority stake in Mandarine Ocean (MO), a Shanghai-based shipping company registered in the Marshall Islands. As informed, Sino-Global signed a share purchase agreement with Kelin Wu, the 88.5 per cent shareholder of MO. Under the deal, Sino-Global will acquire a 75… Read More
H2H Geoscience Engineering is pleased to announce that it has acquired Innovative Mapping Technologies (IMT) of Vero Beach, FL and Troy, NY adding to its suite of survey and mapping tools used in fixed and mobile mapping platforms. IMT provided high-end survey and mapping equipment for terrestrial, waterway and aerial related mapping services throughout the… Read More
A Massachusetts hospital staff member demonstrates a piece of equipment as Matthew Tessier, Emily Pottier of the U.S. Army Corps of Engineers, New England District and other hospital staff look on. The demonstration was part of a site assessment to address possible conversion of existing buildings into alternate care facilities (ACF) in Massachusetts, March 25,… Read More
The National Maritime Center has issued a notice outlining operational changes due to COVID-19. All 17 Regional Examination Centers (REC) and 3 Monitoring Units (MU) remain closed to the public until further notice. A transition to telework and shift-work is being implemented to balance mission-essential credential services with the need for a safe, “social distance”… Read More
HOUSTON, April 02, 2020 (GLOBE NEWSWIRE) — Kirby Corporation (“Kirby”) (NYSE: KEX) today announced that it has completed the acquisition of Savage Inland Marine’s (“Savage”) inland barge fleet. Savage is an operator of tank barges and towboats participating in the inland tank barge transportation industry in the United States. The total consideration paid was approximately… Read More