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Massachusetts Maritime Academy (MMA), a top-ranked public university with undergraduate degree programs focusing on science, engineering, technology, math, and business that blend academics and experiential learning, honored Liz Burdock, president and CEO of Oceantic Network, with the Emery Rice Medal as the 2024 Maritime Person of the Year during an October 26th event held on the Academy’s… Read More
In a significant leap forward for the St. Paul District’s maintenance and repair mission, the new Manitowoc 165, also known as Crane Barge 3129, is set to enhance operational efficiency and safety in the field. “This is the first time we have a barge custom tailored exactly for the maintenance and repair mission for today… Read More
Voters in Louisiana voted “yes” for one constitutional amendment on the Nov. 5 ballot. The amendment read: “Do you support an amendment to require that federal revenues received by the state generated from Outer Continental Shelf alternative or renewable energy production be deposited into the Coastal Protection and Restoration Fund?” Seventy-three percent, or 1,367,790 of… Read More
This quarter, analysts were expecting Great Lakes Dredge & Dock’s revenue to grow 57.6% year on year to $184.6 million, a reversal from the 26% decrease it recorded in the same quarter last year. Adjusted earnings were expected to come in at $0.18 per share. Third quarter net income of $8.9 million Third quarter adjusted… Read More
CAMDEN, N.J. – New Jersey American Water today completed its acquisition of the wastewater collection system of the Borough of Manville, N.J. for $6.5 million. This municipally owned system serves approximately 4,300 customers, most of whom already receive water service from New Jersey American Water. On September 24, 2024, the New Jersey Board of Public Utilities approved… Read More
New Webinar Series: Powering the Future: Sustainable Solutions for Maritime Operations This winter, AWO is hosting an informative and dynamic three-installment webinar series on sustainability topics, with something for every company’s sustainability journey. The sessions will cover sustainability planning, efficiency, and innovation. Join us for one or all at these dates and times: Crafting a… Read More
It’s been a couple of years since we’ve covered the USA’s icebreaker saga, so let’s catch up. First of all, let’s see what our nation’s #1 competitor is up to in the far north. The People’s Republic of China is not an Arctic nation, but it’s certainly not acting that way. China’s Ministry of Transport has announced that it… Read More
JACKSONVILLE, Fla. — One person was taken to the hospital in critical condition after a ship fire in the Mayport Basin Saturday afternoon, according to the Jacksonville Fire and Rescue Department. JFRD said crews responded to a fire on a dredging ship. Crews were able to put out the fire, JFRD confirmed. Members of the… Read More
HOUSTON, Oct. 31, 2024 /PRNewswire/ — McDermott’s heavy-lift and rigid pipelay vessel, the Derrick Lay Vessel 2000 (DLV2000), has been awarded the SUSTAIN-1 classification from the American Bureau of Shipping (ABS). This marks the first time a marine construction vessel in its class has achieved this sustainability certification. The SUSTAIN-1 classification recognizes the DLV2000 for its environmental performance,… Read More
35% contract revenue growth, 62% Adjusted EBITDA growth HOUSTON, Oct. 30, 2024 (GLOBE NEWSWIRE) — Orion Group Holdings, Inc. (NYSE: ORN) (the “Company”), a leading specialty construction company, today reported its financial results for the third quarter ended September 30, 2024. Highlights for the quarter ended September 30, 2024: Contract revenues of $226.7 million GAAP net income of $4.3 million or $0.12 per diluted share Adjusted… Read More
Maersk Asia Pacific October Market Update has the latest information to stay updated and keep your cargo moving. As we enter the final quarter of 2024, the global economy is showing resilience, with strong market demand for both ocean and airfreight across major markets. In this monthly Market Update, we introduce the latest updates on… Read More
FLAGLER BEACH, FL, UNITED STATES — Maritime Construction Inc., a leader in Florida’s marine construction industry, has been honored with the 2024 Best of Florida Award, recognizing their unwavering commitment to excellence and customer satisfaction over the past 25 years. Specializing in the design, permitting, and construction of custom marine structures, Maritime Construction Inc. has earned… Read More
We are pleased to announce the appointment of Jim Sorenson as Vice President of Government Sales. Sorenson will spearhead all government-related sales efforts and report directly to Joe Rella, President of St. Johns Ship Building. Welcome to the team Jim! Source
Orion Group has reported to the SEC that another New York based investment group has acquired a substantial reportable interest in its shares. The securities acquired, representing over 4.6% of its outstanding shares, are beneficially owned by one or more registered investment companies or other managed accounts that are investment management clients of Royce &… Read More
Today the U.S. Environmental Protection Agency awarded nearly $3 billion to 55 recipient projects in 27 states and U.S. territories. These grants are from the agency’s Clean Ports Program, which was enacted by Congress in 2022 as part of the Inflation Reduction Act. The agency received more than $8 billion in project applications. Today’s awards… Read More