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Orion Group Holdings, Inc. (NYSE:ORN) Q4 2023 Results Conference Call February 29, 2024 9:00 AM ET Company Participants Margaret Boyce – Investor Relations Travis Boone – Chief Executive Officer Scott Thanisch – Chief Financial Officer Conference Call Participants Joe Gomes – Noble Capital Julio Romero – Sidoti and Company Dave Storms – Stonegate Capital DeForest… Read More
Biden Administration Announces Actions to Strengthen Maritime Security; Coast Guard Releases Cybersecurity NPRM. On February 21, Deputy National Security Advisor for Cyber and Emerging Technologies Anne Neuberger announced that President Biden has issued an Executive Order to bolster the Department of Homeland Security’s authority to directly address maritime cyber threats. DNSA Neuberger observed that America’s marine transportation system… Read More
Philadelphia-based Enviri Corp., whose business units are Harsco Corp., Harsco Rail and Clean Earth, has reported a 2023 fourth quarter diluted loss per share from continuing operations of 17 cents. The company cites “strategic expenses and other unusual items” for the loss. That per share figure compares with a fourth quarter 2022 generally accepted accounting… Read More
Mediterranean Shipping Company (MSC) has combined two existing container services, resulting in additional direct port calls between the Jacksonville Port Authority (JAXPORT) and the West Coast of South America. The improved service now makes weekly calls to Jacksonville, opening up additional connections to Ecuador, Peru, Panama, and Costa Rica ports. MSC’s new Ecuador-NWC and Scan… Read More
Arcadis, a leading global design and consultancy organization for natural and built assets, today announced the start of the Arcadis Pathways to Engineering Afterschool Program, a partnership with the University at Buffalo (UB). In collaboration with UB’s School of Engineering and Applied Sciences, the program aims to provide high school students with the opportunity to… Read More
Since the Covid-19 pandemic began four years ago, logistics companies have been dealing with a number of challenges that have impacted their businesses, including supply chain issues and a shortage of truck drivers to go along with thousands of truck driver job openings that are going unfilled. These challenges often impact logistic company revenue and can force the firms… Read More
In a strategic move to expand their global footprint, #Dragflow and Technosub Group are thrilled to announce the launch of DRAGFLOW USA🤝. This collaboration, driven by a commitment to respond to the growing demand for advanced pumping and dredging solutions across the nation, allows Dragflow and Technosub Group to offer the American industrial and mining markets the most comprehensive range… Read More
France-based Unseenlabs has raised 85 million euros ($92 million) behind plans to double its maritime surveillance constellation to 25 nanosatellites for tracking vessels in near real-time. The company has now raised 120 million euros since being founded nine years ago, CEO and cofounder Clément Galic said Feb. 27. As well as expanding a fleet of… Read More
GTT, Ascenz Marorka’s mother company, announces the acquisition of the Danish company VPS (Vessel Performance Solutions), specialised in vessel performance management. VPS is based in Copenhagen, with a sales office in Athens (Greece). This company, founded in 2014 by specialists in naval architecture and data science, today counts 12 employees. This acquisition completes the Group’s expertise in… Read More
HOUSTON, Feb. 28, 2024 (GLOBE NEWSWIRE) — Orion Group Holdings, Inc. (NYSE: ORN) (the “Company”), a leading specialty construction company, today reported its financial results for the fourth quarter and full year ended December 31, 2023. Highlights for the quarter ended December 31, 2023: Contract revenues of $201.6 million GAAP net loss was $4.4 million or $0.13 per diluted share Adjusted net income was $2.6 million or $0.08 per diluted… Read More
Funds managed by FourWorld Capital Management have filed a complaint in a US District Court regarding Compagnie Maritime Belge’s (CMB) offer to purchase all outstanding ordinary shares of Euronav from US holders. The Saverys family-controlled company said that FourWorld, an investment adviser firm, has increased its stake in Euronav from just under 1% to 2.41%… Read More
APM Terminals today unveiled a significant upgrade of its terminal operations fleet to electric vehicles (EVs). The terminal has invested nearly USD 1 million to replace 28 internal combustion engine vehicles with new, all electric Volkswagen ID.4s. Electrification of its passenger vehicle fleet is another step in aligning Pier 400’s operations with APM Terminals’ sustainability… Read More
Our teams continue to closely monitor the situation around the Red Sea / Gulf of Aden. In the interest of safety for our vessels, crew, and customers’ cargo, all vessels previously due to transit the area have been diverted south around the Cape of Good Hope for the foreseeable future. While we hope for a sustainable… Read More
2023 wasn’t just another year at the Port of Seattle. It was a year of tangible progress, bold innovation, and unwavering commitment to building a more sustainable future for our operations and our region. Our dedicated environment and sustainability teams charted a course to meet ambitious goals, demonstrating that a major port can advance sustainability… Read More
The shipbuilding industry is undergoing a significant transformation, driven by technological innovation and environmental concerns. We have hand-picked some of the new shipbuilding companies at the heart of this change. They are focusing on the development of renewables-powered autonomous cargo ships, unmanned defense vessels, container ships utilizing DynaRig and green hydrogen technologies. Additionally, these companies… Read More