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Great Lakes Dredge & Dock (GLDD) Corporation reported financial results for the second quarter ended March 31. Chief Executive Officer Lasse Petterson said, “The first quarter of 2019 was an exceptional quarter driven by strong project performance, resulting in net income from continuing operations of $20.5 million and an adjusted EBITDA from continuing operations of… Read More
The Coast Guard Foundation, a non-profit organization committed to the education and welfare of all Coast Guard members and their families, recently recognized Chairman and CEO Tom Crowley Jr. and Crowley Maritime Corporation for more than 30 years of support at its 25th Tribute to the Coast Guard Seventh District event in Fort Lauderdale, Fla…. Read More
Brings an Extensive Record of Ocean Carrier Sales and Port Experience NORFOLK, VA – Tony Salino is The Port of Virginia’s® new director of ocean carrier sales bringing to the position extensive experience in transportation industry, having worked for multiple ocean carriers and most recently, one of Virginia’s U.S. East Coast peer ports. The announcement… Read More
General Marine Services (GMS) Baton Rouge, La., recently christened the M/V Syble Fay at McKinney Salvage & Heavy Lift’s fleet. Named for company owner Gene Moore’s late mother, the towboat is General Marine Services’ fourth vessel. “She was the heart and soul of our family,” Moore said of his mother, who died in 2012. The… Read More
MarketResearchNest.com adds “Global Dredger Market 2019 by Manufacturers, Regions, Type and Application, Forecast to 2024”new report to its research database. The report spread across in a 121 pages with table and figures in it. This comprehensive Dredger Market research report includes a brief on these trends that can help the businesses operating in the industry… Read More
We kick-off Construction Safety Week (May 6-10), with the latest issue of our company newsletter, Manson Navigator, focused on safety issues and topics around the Company. Our cover photo was selected from the overwhelming feedback we received from our LinkedIn community to one of our Photo of the Day submission by Manson’s dredge engineer, Source: Manson… Read More
Millennium Management LLC purchased a new stake in Great Lakes Dredge & Dock Co. (NASDAQ:GLDD) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 339,046 shares of the construction company’s stock, valued at approximately $2,244,000. Millennium Management LLC owned about 0.54% of Great Lakes… Read More
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