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Nevada Irrigation District’s Combie Reservoir Sediment and Mercury Removal Project team members were winners of the 2018 Small Project of the Year award, presented by the American Society of Civil Engineers, Sacramento Section, according to a release. The goal of the three-year pilot project is to remove sediment from Combie Reservoir while introducing an innovative… Read More
First quarter net income from continuing operations $20.5 million First quarter adjusted EBITDA from continuing operations $43.8 million Cash borrowings reduced to zero; Cash position of $123 million OAK BROOK, Ill., April 30, 2019 (GLOBE NEWSWIRE) — Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD), the largest provider of dredging services in the United States, today… Read More
Maersk-owned carrier Hamburg Süd has announced the naming of its newest container vessel, introducing the “Polar Mexico” at the Port of Veracruz. Hamburg Süd has been active in Mexico for approximately 50 years and is one of the three largest shipping companies serving the Mexican market, connecting ports in Altamira, Veracruz and Progreso with European… Read More
Great Lakes Dredge & Dock (NASDAQ:GLDD) is scheduled to announce Q1 earnings results on Tuesday, April 30th, before market open. The consensus EPS Estimate is $0.07 (+146.7% Y/Y) and the consensus Revenue Estimate is $180.2M (+22.9% Y/Y). Over the last 2 years, gldd has beaten EPS estimates 0% of the time and has beaten revenue… Read More
Sale of Hong Kong-based firm that had run the terminal for three decades to Chinese state-owned Cosco in 2017 raised concerns among US security agencies Share price of OOIL rises as sale of second largest port in the US is expected to net a US$1.29 billion gain A Hong Kong-based company has been forced to… Read More
Today’s #MeetUsMonday introduces you to our corporate leadership team, who just invested a solid day of team building & leadership training (last Friday) at the newly opened TopGolf. Company culture is important. It’s what commits people to the company cause and it’s what encourages people when things get tough. When a team can work well… Read More
Congratulations to Manson-Kiewit Joint-Venture winners of the 2019 Associated General Contractors of America’s Marvin M. Black Partnering Excellence Awards. “Two great U.S.-Flag dredging and marine construction companies getting the job done ahead of schedule and under budget,” said William P. Doyle, CEO & Executive Director of the Dredging Contractors of America. “Mason and Kiewit have… Read More
J.F. Brennan Company participated in the ribbon cutting ceremony for the beneficial use dredging project at Quonochontaug “Salt” Pond, bordering Charlestown and Westerly, Rhode Island, on Wednesday, April 24, 2019. U.S. Senators from Rhode Island, Jack Reed and Sheldon Whitehouse visited the site and surveyed the project’s success. Senator Jack Reed speaking at the ribbon… Read More
Millennium Management LLC acquired a new stake in Great Lakes Dredge & Dock Co. (NASDAQ:GLDD) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 339,046 shares of the construction company’s stock, valued at approximately $2,244,000. Millennium Management LLC owned approximately 0.54% of Great Lakes… Read More
ZAGREB, April 24, 2019 – Finance Minister Zdravko Maric told Croatian Radio that over the next few weeks the state will pay between 400 and 500 million kuna to cover the enforced guarantee for the Pula-based Uljanik shipyard, adding that the government would do everything so that the company that commissioned the construction of a… Read More
ENR Texas & Louisiana’s August 5 print issue will feature our annual Top Contractors ranking. We’ll be ranking the region’s top contractors by revenue, by state and by sector. Responding firms include those doing business in Arkansas, Louisiana, Mississippi, Oklahoma and Texas. Below you’ll find a preview of just some of the firms you can… Read More
Ross Labs, LLC has upgraded its 825C single beam sounder to include Ethernet transmission of echograms — digitized analog data — to the HYPACK Single Beam Editor program. “This feature allows the transfer of the echogram data to Hypack Survey in real-time so it can be displayed, time-synced and stored along with the other raw… Read More
WASHINGTON, April 18, 2019 /PRNewswire/ — The members of the American Waterways Operators, the national tugboat, towboat and barge industry association, elected a new slate of leaders earlier this month during the association’s annual Spring Convention held in Washington, D.C. Scott Merritt, former Chief Operating Officer for Foss Maritime Company, LLC, was elected Chairman. Arthur… Read More
On Wednesday, d’Amico Shipping Italia pleaded guilty to concealing the illegal discharge of oil in violation of MARPOL regulations. The crew of the d’Amico tanker Cielo di Milano admittedly bypassed the vessel’s oily water separator by discharging bilge water and oily waste from the vessel’s engine room through its sewage system into the sea. The… Read More
Over the objections of some tenants who had requested a national search to fill the prominent position, the board that oversees Ventura Harbor chose a new leader from within. During a special meeting Thursday, Ventura Port District commissioners voted 4-1 to name Brian Pendleton the next general manager. He will succeed Oscar Peña, whose contract… Read More