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Global Market Trends Global economic activity maintains momentum, with 2024 growth projected at 2.7%. In the U.S., we expect a 2.7% increase, driven by strong consumer spending, although a rising savings rate could impact this. Europe faces volatile inflation and geopolitical tensions, keeping Euro-area growth at 0.7%, despite a Q3 retail sales rebound. Germany narrowly… Read More
Vulcan Materials Company (NYSE: VMC), the nation’s largest producer of construction aggregates, today announced that it has entered into a definitive agreement to acquire Superior Ready Mix Concrete, L.P. This value-enhancing acquisition will add six aggregates operations with more than 50 years of quality aggregates reserves to Vulcan’s California franchise. California ranks as the most populous state in… Read More
HOUSTON, Dec. 9, 2024 /PRNewswire/ — McDermott International, Ltd (McDermott) today announced it has completed the sale of its CB&I storage business (CB&I) to a consortium of financial investors led by Mason Capital Management. Under the terms of the agreement announced October 7, 2024, McDermott will receive $475 million of proceeds before taxes and transaction expenses. “This transaction… Read More
THE WOODLANDS, Texas, Dec. 9, 2024 /PRNewswire/ — CB&I, the world’s foremost designer and builder of storage facilities, tanks and terminals for energy and industrial markets, today announced the completion of its acquisition by a consortium of financial investors led by Mason Capital Management LLC (“Mason”) in partnership with IES Holdings, Inc. (Nasdaq: IESC), Nut Tree Capital Management,… Read More
Konya Silica has officially completed the acquisition of Southern Ohio Sands and Beaver Pike Enterprises, marking a significant step in its strategy to become a leading supplier of premium silica products in the industrial and energy sectors. This acquisition, effective immediately, will allow Konya Silica to better serve markets across Ohio, West Virginia, Pennsylvania, New… Read More
PASCAGOULA, Miss., Dec. 10, 2024 (GLOBE NEWSWIRE) — HII (NYSE: HII) announced today that Jennifer Childs has been named vice president of quality and engineering of the company’s Ingalls Shipbuilding division, effective Jan. 6, 2025. She succeeds Brian Blanchette, incoming vice president of HII and president of Ingalls Shipbuilding. Childs, a former Navy surface warfare… Read More
Mobile, Ala. (December 6, 2024) – Silver Ships has been named a Best Companies to Work for in Alabama. 2024 marks the first year Silver Ships has participated in the Best Companies program. In total, 35 Alabama companies were honored. Silver Ships is recognized in the small to medium category (15-299 employees). This annual program was created to… Read More
The Bureau of Ocean Energy Management (BOEM) today announced the publication of its Tribal Nation and Indigenous Peoples Engagement Strategy and its Tribal Consultation Guidance as part of the Bureau’s efforts to build and grow lasting relationships with Tribal Nations and Indigenous Peoples based on mutual trust and respect and meaningful engagement. BOEM’s engagement strategy is a… Read More
The Dutra Group is thrilled to announce that Bill Dutra, Executive Chairman of The Dutra Group, has been named the recipient of the 2025 Contractor Achievement Award! This prestigious honor recognizes Bill’s incredible contributions to the marine construction and dredging industry. For over 50 years, Bill has led with vision, determination, and innovation. His leadership… Read More
The County Dredge program started in 1996 with the purchase of the first cutterhead suction dredge Cod Fish I which was in service for most of the program’s years. The Sand Shifter was added in 2017 followed by the Cod Fish II in 2019, both of which are cutterhead suction dredges. Demand for dredging on… Read More
Port of Seattle Commissioners adopted the 2025 budget and 2025–2029 Capital Improvement Plan today. The budget, proposed plan of finance, and Port tax levy were presented to Commissioners in multiple Commission meetings this fall and through a public hearing at its November 12 meeting. With annual operating expenses of $678 million and a five-year capital plan… Read More
On Tuesday we hosted a ribbon cutting at our Bayou La Batre facility to commemorate our arrival in the South Alabama region and the recently announced $37 million expansion. The ceremony brought together the Mobile Chamber, Birdon board members from Australia, Bayou La Batre City Council, U.S. Coast Guard Program Office Members, the Azalea Trail Maids… Read More
FINAL November 2024 Year in Review
BATON ROUGE, La. – The U.S. Senate Energy and Natural Resources Committee today passed Senate Bill 373, known as the Reinvesting In Shoreline Economies and Ecosystems Act of 2023 (RISEE Act), unanimously by voice vote. The bipartisan bill was authored by Sen. Bill Cassidy (R-LA) and Sen. Sheldon Whitehouse (D-RI) and cosponsored by Sen. John Kennedy… Read More
The location for our 2025 Q1 Meeting has been booked. The Q1 meeting will be held in Baton Rouge, Louisiana on Wednesday, February 19, 2025 One of the many agenda items will be the implementation of the updated USACE 385-1-1and USACE ENG forms for SSHO’s and Qualified or Compentent Person. (ENG 6282) A complete agenda… Read More