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Mercury Marine is laying off nearly 300 workers in Fond du Lac and making workforce “adjustments” at other facilities. The boat engine builder says the layoffs are a result of a decrease in boat sales. “I think when you look at the overall economy — not only the state of Wisconsin, but throughout the nation… Read More
HOUSTON, June 17, 2024 /PRNewswire/ — McDermott has been awarded an Early Contractor Involvement (ECI) agreement from Abraxas Power Corporation for the Exploits Valley Renewable Energy Corporation (EVREC) project located in Central Newfoundland. The project represents Canada’s first commercial green hydrogen and ammonia production facility and will include the development of up to 530-turbine wind… Read More
WATSONVILLE, Calif.–(BUSINESS WIRE)–Jun. 12, 2024– Granite (NYSE:GVA) has executed a long-term lease with the Port of Woodland for a new construction materials facility. The facility will be on a 25-acre site next to the Columbia River, reinforcing Granite’s commitment to the Southwest Washington area home market. Key Highlights: Location: The facility will be near Woodland, WA, providing construction materials into the Southwest Washington area construction market…. Read More
Ivan comes to Moffatt & Nichol with more than 22 years of experience in waterfront design and construction comprising a wide range of responsibilities, from long-term planning and permitting, to technical design, logistical management, and construction management. He has managed multidisciplinary design teams for projects of values in excess of $40 million and has been… Read More
SUGAR LAND, Texas /PRNewswire/ — Noble Corporation plc (“Noble”) (CSE: NOBLE) (NYSE: NE) and Diamond Offshore Drilling, Inc (“Diamond”) (NYSE: DO) announced today that they have entered into a definitive merger agreement under which Noble will acquire Diamond in a stock plus cash transaction. As part of the transaction, Diamond shareholders will receive 0.2316 shares… Read More
The American Waterways Operators has produced a new video showcasing the American Waterways Honor & Excellence in Rescue Operations (HERO) Award. The HERO Award, established on March 1, 2023, documents and recognizes rescues undertaken by AWO member company employees that demonstrate selflessness, skill and bravery. The two-minute video, The American Waterways HERO Award: Honoring Industry’s Heroic Mariners,… Read More
Gov. Ron DeSantis reappointed a Jacksonville attorney to the Jacksonville Port Authority board of directors and appointed another local lawyer to a first term. Dan Bean, counsel at Smith Gambrell & Russell and CEO of K9s for Warriors, was appointed to the board by DeSantis in 2023. He is currently board chair. Bean also is… Read More
Midway scored another headquarters lease at its $2.5 billion East River mixed-use development in central Houston. Construction engineering firm Orion Group Holdings has leased 63,500 square feet across two buildings along the Buffalo Bayou River, in East River’s 26-acre first phase, at 100 Jensen Drive, the Houston Business Journal reported. Orion’s lease fills up the last… Read More
Notice is given to prospective Bidders that The Nature Conservancy (TNC) intends to advertise for bids by qualified Contractors to construct the “The Lower Perdido Islands Restoration Project.” The following information is provided for consideration and general planning by prospective Bidders; however, TNC reserves the right to change quantities and project features as may be… Read More
RESERVE, LOUISIANA – DSC Dredge LLC (DSC) is proud to announce the promotion of Waldon Meyers to the position of General Manager. Waldon’s extensive experience and dedication makes him an invaluable asset to our team. Waldon began his journey with DSC at the young age of 18 in 1991. After gaining invaluable experience in the oil… Read More
Bristol Harbor Group, Inc. (BHGI) has welcomed Brandon Foy, P.E. as a naval architect to its naval architecture and marine engineering firm. Foy holds a master’s degree in Naval Architecture and Marine Engineering from the University of Michigan and a bachelor’s degree in Naval Architecture and Marine Engineering from the Coast Guard Academy. He is… Read More
Hornblower Group (“Hornblower” or the “Company”) today announced that the U.S. Bankruptcy Court for the Southern District of Texas has confirmed the Company’s Plan of Reorganization (the “Plan”). Hornblower expects to successfully complete its financial restructuring and emerge from the Court-supervised process in the coming weeks. Hornblower has used this process to position the business… Read More
Ocean and Key Ports Update As shared in our 6 May advisory, the complexity of the situation in Red Sea and the ripple effects on global supply chains have intensified in recent months causing industry-wide disruptions. We now expect that these disruptions will continue into the third quarter of 2024. Despite hopes that the situation would… Read More
APM Terminals continues its growth strategy with large investments in terminal equipment. Investment in 240 pieces of new equipment we agreed over the past months to meet the needs of expansions at APM Terminals Maasvlakte II, APM Terminals MedPort Tangier, Côte d’Ivoire Terminal, APM Terminals Lazaro Cardenas, Suez Canal Container Terminal and the upcoming terminal in Suape, Brazil. APM Terminals has made… Read More
APM Terminals’ operations featured six times in the top 10 most efficient container terminals in the world, as ranked in The Container Port PERFORMANCE INDEX 2023 published this week by the World Bank and S&P Global Market Intelligence. The CPPI, developed by the World Bank and S&P Global Market Intelligence, is based on an extensive… Read More