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HOUSTON, April 30, 2024 (GLOBE NEWSWIRE) — Great Lakes Dredge & Dock Corporation (NASDAQ: GLDD) today announced that it will release the financial results for its three months ended March 31, 2024 on Tuesday, May 7, 2024 at 7:00 a.m. C.D.T. A conference call with the Company will be held the same day at 9:00… Read More
Sunrise Wind today received its Record of Decision (RoD) from the US Department of the Interior’s Bureau of Ocean Energy Management (BOEM), crossing a critical milestone in the federal environmental review process for the offshore wind project serving New York. Additionally, Ørsted and Eversource today announced they have jointly taken a final investment decision on… Read More
AWO Celebrates, Thanks Lynn Muench for 23 Years of Outstanding Service By Jennifer Carpenter, AWO President & CEO Lynn Muench, AWO’s Senior Vice President – Regional Advocacy, will retire on May 3 after 23 years of outstanding service to AWO members and the tugboat, towboat and barge industry as a whole. I invite all AWO… Read More
One of Baltimore’s most famous residents is celebrating his tenth birthday this weekend. Mr. Trash Wheel, the googly-eyed, solar-powered trash interceptor who sits where the Jones Falls meets the Inner Harbor, has been gobbling garbage for 10 years. The Healthy Harbor Initiative and the Waterfront Partnership are celebrating his 10th anniversary with a sold-out party Saturday… Read More
Funds managed by affiliates of Apollo (NYSE: APO) will buy frac sand provider U.S. Silica Holdings Inc. (NYSE: SLCA) for $1.21 billion, the latest in a wave of acquisitions in the shale industry. U.S. Silica investors will receive $15.50 in cash for each share of common stock, the company said in a statement. The purchase price represents an 18.7… Read More
SUPERIOR, WI – Fraser Industries, a historic maritime company with subsidiaries Fraser Shipyards, Lake Assault Boats, and Northern Engineering, located in Superior, Wisconsin, and Portsmouth, Virginia, has successfully closed a bond financing deal that will pave the way for a sustainable and robust maritime workforce for future generations. Founded in 1890, the company has been… Read More
HOUSTON, April 24, 2024 (GLOBE NEWSWIRE) — Great Lakes Dredge & Dock Corporation (“Great Lakes” or the “Company”) (NASDAQ: GLDD), the largest provider of dredging services in the United States, announced that it has entered into a $150,000,000 5-year, senior secured second-lien credit agreement (“Second Lien Credit Agreement”) with Guggenheim Credit Funding, LLC, on behalf of one… Read More
HOUSTON, April 24, 2024 (GLOBE NEWSWIRE) — Orion Group Holdings, Inc. (NYSE: ORN) (the “Company”), a leading specialty construction company, today reported its financial results for the first quarter ended March 31, 2024. Highlights for the quarter ended March 31, 2024: Contract revenues of $160.7 million GAAP net loss was $6.1 million or $0.19 per diluted share Adjusted net loss was $4.0 million or $0.12 per diluted share Adjusted EBITDA… Read More
The U.S. logistics industry has been battling with financial distress this year with companies filing for Chapter 7 bankruptcy to liquidate, Chapter 11 reorganization, downsizing operations or just shutting down operations. In some cases, lawsuits can force companies to file bankruptcy to impose an automatic stay against any legal actions while the bankruptcy commences. J.J…. Read More
Proficient Auto Logistics is hoping to raise $100m through an initial public offering (IPO) to acquire five other automotive logistics firms, which would expand its fleet to around 1,130 trailers. The Delaware-based FVL trucking firm is seeking to combine with Delta Automotive Services, Deluxe Auto Carriers, Sierra Mountain Group, Proficient Auto Transport and Tribeca Automotive,… Read More
On April 19th, 2024, Muddy Water Dredging, LP, held the christening ceremony of their groundbreaking Marlin Class dredge at the Port of New Orleans. The event was attended by many esteemed business leaders, media personnel, and distinguished dignitaries. “We are happy to unveil the Vaneta Marie dredge. After many hours of collaboration between Muddy Water and… Read More
Our office in Singapore is right at the junction of global trade. Every year, about 140,000 vessels call the port heading from Asia to all parts of the world. And of course, we have Tanjung Pelepas located right across the border in Malaysia. I cannot help but think that the upcoming years will be some… Read More
Brunswick Corporation (NYSE: BC) today named Jerry Newton president of its Venture Boat Group division effective immediately. Newton will be responsible for the overall business performance, strategic growth and operational execution of the Venture Boat Group portfolio including brands Bayliner, Heyday, Quicksilver, and Uttern in North America, Europe, and Australia. Newton brings nearly 30 years of… Read More
Richmond, VT and Pottstown, PA – April 18, 2024 – Greensea IQ, a pioneer in marine technology development, and VideoRay, a global leader in underwater robotics, have announced the extension of their strategic partnership. The renewed five-year, multi-million dollar agreement underscores both companies’ dedication to improving the performance and dependability of their products, as well as… Read More
As part of our commitment to provide you with the most up-to-date and relevant information on the logistics industry, we share our Market Update on the Latin American market. You will find information and interesting data on the update of the state of the ports, the most important transport routes and relevant news. We hope… Read More