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Lake Restoration Solutions CEO Ryan Benson paid his own consulting group tens of thousands of dollars before walking away from money owed to vendors, attorneys and an ecology professor when he declared the dredging company broke last month. During a brief creditors hearing Wednesday, Benson acknowledged LRS had paid his Stag Consulting group $20,000 a month… Read More
Todd P. Murphy has been appointed to the Board of Commissioners of the Port of New Orleans. Murphy was appointed by Gov. John Bel Edwards to replace Jack C. Jensen as a representative of Jefferson Parish on the board. Murphy is chief operating officer of M Wealth Advisors — Raymond James. For nearly a decade, he… Read More
Arc Surveying & Mapping, Inc. has been selected by Curtin Maritime to provide hydrographic and geophysical surveying services on the Jacksonville District US Army Corps of Engineers San Juan, Puerto Rico channel improvement project. San Juan Harbor Maintenance & Construction Dredging The work consists of construction and maintenance dredging in designated areas of the Federal… Read More
Karenthia A. Barber has been appointed by Maryland Governor Wes Moore to serve on the Maryland Port Commission, making her the first black woman to hold this position. The Maryland Port Commission (MPC) is responsible for developing policies that aim to enhance the competitive standing of the Port of Baltimore in the global maritime industry…. Read More
U.S. Army Colonel Calvin A. Kroeger assumed command of the U.S. Army Corps of Engineers, Fort Worth District, during an Assumption of Command ceremony, Aug. 3, 2023, at the Fort Worth Club. Kroeger took command from Maj. Joshua Haynes, who led the district since June 2023. Haynes will return to his assignment as the deputy… Read More
Colonel Ron Sturgeon took command of the U.S. Army Corps of Engineers, Savannah District, from Col. Joseph Geary, in a formal ceremony at 10 a.m., today, Aug. 4, 2023. Brig. Gen. Daniel Hibner, commander of the U.S. Army Corps of Engineers’ South Atlantic Division, officiated at the formal change of command ceremony in The DeSoto, Cumberland Ballroom, in… Read More
Maj. Gen. William Graham, deputy commanding general for Civil Works and Emergency Operations, U.S. Army Corps of Engineers, presents the Engineer Regiment flag to Col. Nicholas Melin, the incoming Pittsburgh District commander, during the district’s change of command ceremony at the Senator John Heinz History Center in Pittsburgh, Aug. 4, 2023. The change of command… Read More
Shares of Great Lakes Dredge & Dock (GLDD) popped more than 12% today after the company reported very favorable Q2 results this morning. Specifically, while analysts had been projecting contract revenues to decline just 1.8% for the period to $146.7 million, no one appears to have really been that surprised by the larger 11.2% year-over-year… Read More
Moran Shipping Agencies announced the sudden passing of its President and CEO James “Jim” Black following a brief illness. In addition to his longtime role as owner and leader of the company, which became the largest independent steamship agency in North America, Black is remembered as an advocate for the shipping industry and the Port… Read More
Usually, when one insider buys stock, it might not be a monumental event. But when multiple insiders are buying like they did in the case of Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD), that sends out a positive message to the company’s shareholders. Although we don’t think shareholders should simply follow insider transactions, we would consider it… Read More
The hopper dredge FREDERICK PAUP is officially on the water. The vessel was transferred from the erection site site at the AmFELS (a member of Seatrium Group) shipyard to floating dry dock Solomon P. Ortiz. Once complete, the self-propelled hopper dredge will be the largest in the U.S.A. Transfer of Manson Hopper Dredge FREDERICK PAUP,… Read More
On July 20th, the U.S. Senate Appropriations Committee passed the FY24 Energy & Water Development Appropriations Bill which provides funding for the U.S. Army Corps of Engineers and the Operations and Maintenance of the Waterway. The Senate bill report with individual project allocations can be found here. As reported last month, the U.S. House of Representatives… Read More
JOINT BASE ELMENDORF-RICHARDSON – James Sauceda assumed duties as the chief of the Engineering, Construction and Operations Division for the U.S. Army Corps of Engineers – Alaska District in June. In his new position, Sauceda leads a team of more than 200 personnel responsible for the execution of engineering, construction and operations activities across Alaska… Read More
In the time-honored tradition of passing the unit flag, Col. Kathryn P. Sanborn assumed command of the U.S. Army Corps of Engineers, Seattle District, here, Tuesday. Sanborn replaces Col. Alexander “Xander” Bullock as the district’s 53rd commander. She joins the district after serving as the South Pacific Division’s deputy commander in San Francisco, California. Col. Sanborn leads a team… Read More
HII (NYSE: HII) announced today that its Board of Directors has declared a quarterly cash dividend of $1.24 per share, payable on Sept. 8, 2023, to shareholders of record as of the close of business on Aug. 25, 2023. About HII HII is a global, all-domain defense provider. HII’s mission is to deliver the world’s… Read More