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Dorian LPG Ltd., an operator of very large gas carriers (VLGCs), reported a net income of $51.3 million for the three months ended June 30, 2024, down from $51.7 million for the three months ended June 30, 2023. In a media release, Dorian LPG said that its revenues for the second quarter of 2024 reached… Read More
U.S. Sen. Tim Kaine, D-Va., was honored with the “Maritime Leadership Award” during the Shipbuilders Council of America annual membership meeting in Washington, D.C. The SBA is the national association representing the U.S. shipbuilding, maintenance, and repair industry. The award “is given annually to national leaders who demonstrate outstanding dedication and support for the U.S. shipbuilding and… Read More
John Waterhouse has announced his hashtag#retirement after 40 years of hashtag#dedication, hashtag#innovation and hashtag#leadership not only to Elliott Bay Design Group but to the entire maritime industry. His expertise has steered countless vessel design and engineering projects, creating a profound impact on the landscape of naval architecture and marine engineering. John’s influence will continue to… Read More
Ocean and Key Ports Update Highlights from our Q2 2024 Interim Report At A.P. Moller – Maersk, we increased momentum in Q2 2024 on the back of strong market demand with increased volumes, higher rates, and continued cost control. We continued our efforts in optimizing our network and achieved a utilization of 97% (91%), 6… Read More
The collapse of the Francis Scott Key Bridge and the Port of Baltimore’s subsequent closure showed the world how valuable this region’s port operations are to the rest of the world. Port Of Baltimore Executive Director Jonathan Daniels sat down with World Trade Center Institute CEO Eddie Resende to discuss just how much the port… Read More
Bringing the marsh to your backyard. The Bucktown Marsh Restoration and Living Shoreline is a partnership with Jefferson Parish to revitalize the lakefront. This project is rebuilding a previously existing intertidal marsh and adding multiple lines of defense to the levees along this area of Lake Pontchartrain. Nine rock breakwaters were installed to decrease wave… Read More
Greensea IQ, a leader in advanced technology for ocean robotics, is proud to announce the launch of two groundbreaking products: IQNS and IQNS Mini. These advanced edge processing systems are designed to elevate the capabilities, scale, and scope of underwater robots in defense applications using EOD Workspace with superior GNCC (Guidance, Navigation, Command, and Control)… Read More
AWO has produced a new video showcasing the American Waterways Honor & Excellence in Rescue Operations (HERO) Award. The HERO Award, established in March 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, highlights the bravery of… Read More
In a recent op-ed for the DC Journal, AWO President & CEO Jennifer Carpenter emphasized the importance of the Jones Act and its critical impact on national security. “The Jones Act is fundamental to maintaining a fleet of American-built, -crewed and -owned vessels undergirding our nation’s economy and serving as a bulwark against China’s expansionism,” she explained…. Read More
Download PDF OCI Global (“OCI”) has entered into a binding equity purchase agreement for the sale of 100% of its equity interests in OCI’s 1.1 million metric tonnes Clean Ammonia project under construction in Beaumont, Texas (“OCI Clean Ammonia” or the “Project”), (the “Transaction”) to Woodside Energy Group Ltd (“Woodside”), following a competitive process. Purchase… Read More
HOUSTON– Cheniere Energy, Inc. (“Cheniere” or the “Company”) (NYSE: LNG) announced today that its subsidiary Cheniere Marketing, LLC (“Cheniere Marketing”), entered into a long-term liquefied natural gas (“LNG”) sale and purchase agreement (“SPA”) with Galp Trading S.A. (“Galp”), a subsidiary of Galp Energia, SGPS, S.A. (“Galp Energia”). Under the SPA, Galp has agreed to purchase… Read More
In response to the rapidly increased demand in America’s maritime electrification sector, Echandia has chosen to set up a production facility in Washington State, where it will begin producing its advanced maritime battery system. It is the safest, most resilient, and longest-lasting maritime battery system on the market. The U.S. government, shipowners, and operators are… Read More
Gunderson Marine & Iron (GM&I) is pleased to announce a pivotal shift in its leadership structure. Dee Burch, a veteran leader and marine industry trailblazer, is now the sole proprietor of Gunderson Marine & Iron. Recently acquiring all shares of GM&I, Burch assumes the active role of President, managing day-to-day operations. His deep industry knowledge… Read More
Second quarter net income of $7.7 million Second quarter adjusted EBITDA of $25.8 million Dredging backlog of $807.9 million at June 30, 2024 HOUSTON, Aug. 06, 2024 (GLOBE NEWSWIRE) — Great Lakes Dredge & Dock Corporation (Nasdaq: GLDD), the largest provider of dredging services in the United States, today reported financial results for the second… Read More
National Environmental Engineering Firm Is Pleased To Announce Marine and Coastal Practice Lead Has Joined The Firm ~ Matrix New World Engineering expands on its success with new hire Stephen Famularo ~ Florham Park, NJ — Matrix New World Engineering (Matrix) is pleased to announce Stephen Famularo, PE, BC.PE, has joined the firm as the… Read More