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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
The last time I wrote on (NASDAQ:GLDD), I saw some signs of recovery, but it was still looking dicey in the short term. However, I think now might be the right time to enter the stock. As the macroeconomic conditions are way better, GLDD looks cheap now, valuation-wise. So, I am assigning a buy rating to… Read More
When it comes to Damen Shipyard’s commitment to being customer-centric, one if its most prominent aspects is Damen’s Technical Cooperation (DTC) programme. In operation now for over 45 years, it has worked with shipyards around the world, giving them the assistance they need to build Damen vessels to Damen standards. In that time, over 1500 vessels have… Read More
Following the integration of the former TSX-listed IBI Group Inc., things are going well for Dutch-owned Arcadis and its US-based design arm CallisonRTKL, after Arcadis acquired IBI last fall. According to Mansoor Kazerouni, former director and executive vice-president of IBI Group, and the newly named global director of architecture and urbanism for Arcadis NV, Arcadis currently… Read More
Cummins Inc. (NYSE: CMI) announced today the appointment of four leaders to the role of vice president, effective March 1 – Ricardo Roman, Michelle Probst, Gbile Adewunmi and Matt McQueen – in addition to Ashwath Ram, who was appointed Vice President in January. “These leaders each demonstrate, in their own unique ways, a commitment to… Read More
THE MARITIME ASSOCIATION OF THE PORT OF NEW YORK AND NEW JERSEY ANNOUNCES 2024 INTERNATIONAL MARITIME HALL OF FAME HONOREES Award presentation slated for May 15th in New York City New York, February 20, 2024— The Maritime Association of the Port of New York and New Jersey (MAPONY/NJ) announces the 30th International Maritime Hall of Fame (IMHOF) award dinner… Read More
JOINT BASE ELMENDORF-RICHARDSON — Lula Cole assumed duties as the equal employment opportunity manager for the U.S. Army Corps of Engineers – Alaska District in December. In her new position, Cole provides leadership and direction in creating and sustaining a diverse workforce and an environment free of discrimination at the district. She will facilitate the goals… Read More
Great Lakes Dredge & Dock Corporation (GLDD) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, GLDD’s 50-day simple moving average crossed above its 200-day simple moving average, known as a “golden cross.” Considered an important signifier for a bullish breakout, a golden cross… Read More
Armada Technologies, is pleased to announce its collaboration with Cool Company Ltd (CoolCo), a leading LNG carrier company, as they jointly work towards a more sustainable future. Under this partnership, Armada will design, engineer, procure, and provide support for the installation and commissioning of its innovative air lubrication system on a CoolCo vessel scheduled to… Read More
Texas LNG, a subsidiary of Glenfarne Energy Transition, has entered into a significant agreement with Gulf LNG Tugs of Texas, selecting them to construct, deliver, and operate state-of-the-art tugboats for the LNG export facility set to be established in the Port of Brownsville. The long-term partnership aims to provide reliable marine assistance to LNG carriers… Read More