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McDermott International, Ltd (“McDermott” or the “Company”) today announced that it has completed the transactions contemplated by the Transaction Support Agreement (“TSA”), including the successful conclusion of the interrelated Dutch and UK legal processes that support the TSA, full resolution of the Reficar arbitration award related liabilities, and the amendment and extension of McDermott’s letter… Read More
Coast Guard Authorization Bill Passes Committee, Advances to House Floor. The House Transportation and Infrastructure Committee reported out H.R. 7659, the Coast Guard Authorization Act of 2024, by a bipartisan vote on March 20. Included in the bill was language giving Coast Guard OCMIs flexibility to issue Certificates of Inspection for reduced engine room manning aboard… Read More
The Monmouth University Urban Coast Institute (UCI) recently presented State, Coastal and Ocean Leadership awards to four individuals who have worked for several years to assure both safety and accessibility on state waterways and the protections and restoration of critical coastal habitats, parks and refuges. UCI Director Tony MacDonald honored the recipients at a March… Read More
The U.S. Army Corps of Engineers Nashville District welcomed Craig Carrington as the new deputy district engineer March 26 during an Assumption of Responsibility Ceremony at the Nashville Public Library in Nashville, Tennessee. The deputy district engineer serves as the senior civilian in the organization and is responsible for directing water resource, navigation and regulatory… 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
Weeks Marine selects Arc Surveying & Mapping to provide hydrographic and geophysical surveying services after winning $62 million Alabama Harbor Deepening & Widening Dredging Project. Weeks Marine Inc., Covington, Louisiana, has contracted with Arc Surveying & Mapping, Inc. of Jacksonville, Florida to provide hydrographic and geophysical surveying services after the awarded of a $62,055,622 ACOE… Read More
Baltimore’s Francis Scott Key Bridge World Lens by WTCI Listen on Apple Podcasts: https://podcasts.apple.com/us/podcast/baltimores-francis-scott-key-bridge/id1731053560?i=1000650707030 For more reporting about the impact of the bridge collapse on American supply chain and logistics, see this Washington Post article: The collapse of the Francis Scott Key Bridge in Baltimore on Tuesday cut off access to much of the city’s port… Read More
BALTIMORE — U.S. Army Corps of Engineers (USACE), Baltimore District has activated its Emergency Operations Center, clearing the way for more than 1,100 engineering, construction, contracting and operations specialists to provide support to local, state and federal agencies following the collapse of the Francis Scott Key Bridge, March 26, 2024. In accordance with USACE’s federal authorities,… Read More
Selection will help advance Ørsted’s e-methanol facility in Texas, decarbonize hard-to-electrify maritime sector, and create U.S. clean energy jobs in new industry HOUSTON – March 25, 2024 – Ørsted, a leading U.S. clean energy developer, announced today it has been selected by the Department of Energy (DOE) Office of Clean Energy Demonstrations to begin award… Read More
HOUSTON–(BUSINESS WIRE)–On Friday, March 22, 2024, Houston Mayor John Whitmire administered the oath of office to Thomas Jones, Jr., to serve a two-year term as a Port Commissioner of the Port of Houston Authority. Commissioner Jones will attend his first Port Commission meeting in this capacity on Tuesday, March 26. “Port Houston is the busiest… Read More
Hapag-Lloyd’s annual report for 2023 and financial results for Q4 reveal exactly how challenging the ocean container market has been for the largest steamship lines. The report, which the German container ship line released Thursday, notes that Liner Shipping revenues dropped 48.5% to 17.7 billion euros ($19.2 billion) from 2022 to 2023, and earnings before… Read More
HOUSTON, March 25, 2024 (GLOBE NEWSWIRE) — Orion Group Holdings, Inc. (NYSE: ORN) (“Orion” or the “Company”), a leading specialty construction company, announced today that Richard L. Daerr, Jr., who has served as an independent member of the Company’s Board of Directors (the “Board”) since 2007 and was Chairman of the Board from 2007 to 2020 as well as Lead… Read More
Retired Gen. Alfred M. Gray Jr., a former sergeant and Vietnam combat veteran who became the 29th commandant of the Marine Corps, passed away early Wednesday, the service announced. He was 95. “Today I mourn with all Marines, past and present, the loss of our 29th Commandant, Gen. Gray,” Gen. Eric Smith, 39th Commandant of… Read More
Today, the Board of Commissioners of the Port of New Orleans (Port NOLA) selected new officers with the election of Walter J. Leger Jr. to serve as Board Chairman, James J. Carter Jr. as Vice Chairman, and Sharonda R. Williams as Secretary-Treasurer for a nine-month term. With the alignment of the Port NOLA and the… Read More
Hawaiian Dredging is one of three companies driving the modernization of Dry Dock 5 at the Pearl Harbor Naval Shipyard. It’s the largest construction project in Navy history. The local legacy company built the original dock 100 years ago. Its credits also include the Ala Moana Shopping Center — then the largest in America — Honolulu Harbor… Read More