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Categories for Company & People News | Dredge Mining

Dragflow and Technosub Group launch DRAGFLOW USA

United States

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

Investors inject $92 million into French maritime surveillance constellation Unseenlabs

FL, United States

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

Ascenz Marorka’s mother company acquires Danish VPS

World ,

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

Orion Group Holdings Reports Fourth Quarter and Full Year 2023 Results

TX, United States

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

CMB’s takeover of Euronav hit by investor hurdle in the US

World ,

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

Pier 400 Los Angeles Accelerates Sustainability with Terminal Fleet Electrification

CA, United States

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

Maersk North America Market Update – February 2024

United States

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: Forging a Green Future, Step by Innovative Step

United States

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

10 New Shipbuilding Companies Making the Next Wave of Oceanic Vessels

World ,

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

Great Lakes Dredge & Dock: A Good Opportunity With Minimal Downside Risk

TX, United States

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

Damen Technical Cooperation – built in your country, for your country, by your domestic yards

World ,

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

Canadian projects continue strong following Arcadis acquisition of IBI

Canada

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 promotes five to VP positions

IN, United States

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

Maritime Association of the Port of NY & NJ Announces 24′ Maritime Hall of Fame Honorees

New Jersey , NY, United States

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

District welcomes Lula Cole as equal employment manager

AK, United States

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

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