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Fairbanks Morse Defense (FMD), a portfolio company of Arcline Investment Management (Arcline), has acquired American Fan, a leader in axial and centrifugal fan technology. Located in Fairfield, Ohio, American Fan’s breakthroughs in aerodynamics, acoustics, vibration control, and motor performance over the past 50 years position the company as a trusted maritime defense supplier and an essential addition for… Read More
Crowley has named offshore wind veteran Christy Guthman as vice president of business development for its Wind Services business as the company grows in the clean, sustainable energy sector. Guthman most recently served as executive general manager of sales and commercial operations for GE Offshore Wind. During her tenure there, she built the company’s North American sales, marketing and… Read More
Callan Marine Ltd., Galveston, Texas, was awarded a $34,605,893 modification (P00010) to contract W912HY-20-C-0009 to construct a redesigned revetment. Work will be performed in Corpus Christi, Texas, with an estimated completion date of Feb. 24, 2025. Fiscal 2023 non-federal Port of Corpus Christi funds; and fiscal 2020 and 2023 civil construction funds in the amount… Read More
Ports America, the nation’s largest marine terminal operator and stevedore, recently appointed Rob Kusiciel as its new Chief Commercial Officer. In this role, Rob will oversee all aspects of the company’s commercial operations and strategy including leading sales, marketing, and business development teams, and identifying new market opportunities. Rob joins Ports America from Cargomatic and… Read More
Norwegian oil and gas major Equinor has recognised $300m in impairments to its renewables business in a third quarter earnings statement that recorded a net income of $2.5bn, down from $9.4bn in the same quarter of 2022. Equinor said its offshore wind projects on the US north-east coast had been negatively impacted by cost inflation… Read More
ITASCA, Ill.–(BUSINESS WIRE)–Global supply chain solutions leader, AIT Worldwide Logistics, has opened two new locations in Southeast Asia, one in Penang, Malaysia, and another in Singapore. With the addition of these offices, AIT’s geographic footprint in Asia has expanded to six countries, supporting customers that continue to diversify sourcing of components and finished goods. According… Read More
HME Construction,* Vancouver, Washington, was awarded a $10,887,500 firm-fixed-price contract for maintenance dredging and material transportation services. Bids were solicited via the internet with three received. Work will be performed in Redwood City, California, with an estimated completion date of May 17, 2024. Fiscal 2023 civil operation and maintenance funds in the amount of $10,887,500… Read More
David Simonelli, Great Lakes retired Chief Operating Officer was honored with the Distinguished Achievement Award from the University of Rhode Island (URI) College of Engineering. The Distinguished Achievement Awards honor alumni, corporations, and friends who personify URI’s tradition of excellence in professional achievement, leadership contributions, community service, and philanthropic endeavors, thereby bringing distinction to themselves… Read More
Lt. Col. Robert Nahabedian reflects on his career as he assumes command as the 90th Charleston District engineer. As he grew into a ‘self-described’ academic nerd with athletic abilities at New Fairfield High School, where he played baseball, Robert Nahabedian discovered his true passion was for science, technology, engineering, and mathematics. He knew early on… Read More
HOUSTON, Oct. 25, 2023 (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, 2023. Highlights for the quarter ended September 30, 2023: Contract revenues of $168.5 million GAAP net loss was $0.7 million or $0.02 per… Read More
Three Offshore Wind and 22 Land-Based Renewable Energy Projects Totaling 6.4 Gigawatts Will Power 2.6 Million New York Homes and Deliver 12 Percent of New York’s Electricity Needs in 2030 Projects Expected to Create Approximately 8,300 Family-Sustaining Jobs and Bring $20 Billion in Economic Development Investments Statewide, Including Developer-Committed Investments to Support Disadvantaged Communities Advances… Read More
Seaside LNG and Polaris New Energy have christened the LNG bunker barge Clean Everglades at Fincantieri Bay Shipbuilding in Sturgeon Bay, Wisconsin. The vessel will serve as the sister ship to the largest Jones Act-compliant LNG bunkering barge, Clean Canaveral, which was delivered by FBS two years ago and has successfully completed over 65 LNG bunker deliveries based out… Read More
TotalEnergies has sold its minority stake in the 3GW Attentive Energy offshore wind project to Corio Generation, an offshore wind developer, and Rise Light & Power, a New York-based electricity producer. The French oil and gas giant has sold 27.7% and 16.3% stakes in the project to Corio and Rise respectively, for a total of $420m (€395m). The… Read More
The Mid-Atlantic Clean Hydrogen Hub has received an invitation from the Department of Energy for negotiations to receive awards of up to $750 million for its programs across several states, after its application was among seven nationally picked for funding. MACH2 is part of the Mid-Atlantic Hydrogen Hub (MAHH), a coalition of more than 60… Read More
Flexport founder Ryan Petersen said in September — in the wake of his hand-picked CEO’s sudden departure — that the logistics company needed to get its house in order. It started with Petersen rescinding dozens of employment offers and looking to lease out the company’s office space as it looks to get costs under control. Now, the… Read More