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The Dutra Group, a leading provider of dredging and marine construction services, has acquired Hanford ARC, a general engineering and landscape contractor specializing in ecological restoration projects with an emphasis on stream and floodplain construction, soil bioengineering, vegetation management, park construction, and erosion control. This strategic acquisition broadens Dutra’s capacity for restoration and adaptive infrastructure… Read More
First quarter 2025 earnings per share of $1.33 Inland marine experienced improved market conditions with a sequential increase in spot market prices and operating margins around 20% despite an increase in delay days Kirby repurchased 1,258,031 shares at an average price of $99.16 for $124.7 million year-to-date through April 30, 2025 Acquired 14 barges, including four specialty barges, and four high… Read More
The keynote speaker for WODCON XXIV will be Major General Jason E. Kelly, Deputy Commanding General for Civil and Emergency Operations for the U.S. Army Corps of Engineers (USACE). “We are honored to have Major General Kelly open the 24th World Dredging Congress and Exposition. WEDA’s partnership and work with the Army Corps of Engineers is… Read More
Paul De Maria Named CEO and Chairman of United States Maritime Alliance (USMX) NORTH BERGEN, NJ – In mid-April, United States Maritime Alliance (USMX) Board of Directors announced the selected of F. Paul De Maria to be CEO and Chairman of USMX. De Maria served as the organization’s chief negotiator in the latest Master Contract… Read More
MIAMI — Royal Caribbean Group (NYSE: RCL) today reported first quarter Earnings per Share (“EPS”) of $2.70 and Adjusted EPS of $2.71. These results were better than the company’s guidance due to stronger than expected pricing on close-in demand and lower costs mainly due to timing. The company is increasing its full-year 2025 Adjusted EPS guidance to $14.55 to $15.55. The increase… Read More
HOUSTON — Great Lakes Dredge & Dock Corporation (NASDAQ: GLDD) today announced that it will release the financial results for its three months ended March 31, 2025, on Tuesday, May 6, 2025, at 7:00 a.m. C.D.T. A conference call with the Company will be held the same day at 9:00 a.m. C.D.T. Investors and analysts… Read More
HOUSTON, April 29, 2025 (GLOBE NEWSWIRE) — Orion Group Holdings, Inc. (NYSE: ORN) (the “Company”), a leading specialty construction company, today reported its financial results for the first quarter ended March 31, 2025. Highlights for the quarter ended March 31, 2025: Contract revenues increased 17.4% to $188.7 million versus the prior year period GAAP net loss of $1.4 million or $0.04 per diluted share compared to a… Read More
VIENNA, Va.– Spire Global, Inc. (NYSE: SPIR), a global provider of space-based data, analytics and space services, completed the previously announced sale of its maritime business to Kpler for approximately $233.5 million, before adjustments, plus a $7.5 million agreement for services over a twelve-month period, post close. Spire used the proceeds of the sale to retire all outstanding debt…. Read More
Christopher J Wiernicki has announced he will step down as chairman and chief executive and retire at the end of this year, after 14 years at the helm of ABS. Mr Wiernicki made the announcement at the ABS Annual Members Meeting. After thanking the ABS board of directors, the employees and his family for their… Read More
The American Waterways Operators (AWO) has awarded Crowley mariners serving on the Crowley-managed containership Potomac Express and the company’s LNG-powered container/roll on-roll off vessel El Coqui with the Honor & Excellence in Rescue Operations (HERO) Awards. The U.S. domestic industry mariners were recognized for their heroic efforts in ensuring the safety and security of others… Read More
(NEW YORK) ABS presented a Lifetime Achievement Award to Dr. James S. C. Chao, Founder and Chairman of the Foremost Group. The first ABS award of its kind, the honor was presented by ABS Chairman and CEO Christopher J. Wiernicki at the 163rd ABS Annual Members Meeting recognizing Dr. Chao’s contributions to shipping and his legacy of… Read More
(HOUSTON) The 163rd ABS Annual Members Meeting highlighted that ABS has never been stronger, with substantial growth and industry-leading safety performance reported. ABS continued to perform strongly in 2024, with the fleet growing to 300 million gross tons. The company also maintained the number one position among class organizations in global new order share with 22 percent. Across… Read More
Coldwater Consulting, LLC manages the cleanout of several GeoPool® Dewatering Systems at the City of Loraine’s Black River Dredge Material Reuse Facility. Each Model V12 GeoPool is being emptied in 2.5 days of pass paint filter truckable material. The material was dredged from the Black River using a 16 inch (400mm) barge clean-out dredge pumping… Read More
Effective from 1 May 2025, Ørsted expands its Group Executive Team and appoints two new members, reporting to Group President and CEO, Rasmus Errboe. With today’s appointments, the full offshore wind value chain, including development, construction, and generation, will be represented in Ørsted’s Group Executive Team. Amanda Dasch is appointed Chief Development Officer (CDO) and… Read More
We’re proud to share that our President and CEO, Travis Boone , has been named a finalist in the EY Entrepreneur Of The Year® 2025 in the Gulf South region! Travis has led Orion (NYSE: ORN) with purpose and grit, pushing boundaries and driving progress across our Marine, Concrete, and Engineering segments. This recognition is… Read More