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DownloadPDF Format (opens in new window) Full-Year 2023 Guidance Forecasted revenue for 2023 of approximately $900 million, an increase of 39.0% compared to full-year 2022 revenue of $647.7 million Forecasted 2023 vessel operating margin of approximately 50.0%, an increase of 11.9 percentage points compared to full-year 2022 vessel operating margin of 38.1% Full-Year 2022 Highlights… Read More
Arcadis DPS Group, a global engineering, procurement, construction management and validation firm serving high-tech process industries, today announced it has hired Patrick Traver, AIA, NCARB as its Process Architect Subject Matter Expert (SME). In his new role, Patrick will serve as a top-level technical or functional expert, often working on multiple projects and programs that support… Read More
David Helfrich is a name familiar to personnel at the Scott Air Force Base resident office. He was in that role for five years since he began his career with the U.S. Army Corps of Engineers, January 2018. Helfrich takes the helm as Scott AFB Area Engineer from Jay Fowler, who retired December 2022. “My… Read More
DSC Dredge, a global leader in manufacturing customized dredges, after two decades of service announced the retirement of Chris Webre with its organization. Chris joined the DSC team in 2003 as a Millwright Tech III and over the years continued to master his skills. At his retirement luncheon on Wednesday 8th February, co-workers were asked… Read More
HOUSTON, Feb. 23, 2023 (GLOBE NEWSWIRE) — Orion Group Holdings, Inc. (NYSE: ORN) (the “Company”), a leading specialty construction company, today announced that it will issue its financial results for the fourth quarter and full year ended December 31, 2022 on Tuesday, March 14, 2023, after the close of the stock market. A conference call and audio webcast with analysts and investors… Read More
Gov. Andy Beshear has been elected by the Tennessee-Tombigbee Waterway Development Authority to serve as its chairman for 2023, with members citing the Governor’s tremendous support of the Tenn-Tom Waterway and the inland waterway system during his time in office. Gov. Beshear helped implement the Kentucky Lake Research Project, an experimental system of netting, pumping,… Read More
Last chance to register for Great Lakes Day 2023 featuring the annual Great Lakes Day Congressional Breakfast Reception on Thursday, March 9, sponsored by the Great Lakes Commission and Northeast-Midwest Institute. This event includes dialogue on Great Lakes priorities by regional leaders and members of Congress who play a critical role in shaping Great Lakes policies. Online registration closes Friday,… Read More
Construction consultancy business Arcadis has signed a deal to collaborate with a tech start-up that provides a drone-based digital asset management service. Niricson, based in Canada, uses robotics, computer vision and acoustic technology combined with AI, to provide predictive asset management and condition assessments. The service is designed to monitor the condition of bridges and… Read More
St. Johns Ship Building has appointed Nick Nelson as its first HSE (Health, Safety and Environment) officer. “I am proud to accept my new role as HSE officer within St Johns Ship Building,” said Nelson, who has more than a decade of service with the Palatka, Fla., shipyard, most recently serving as yard safety manager…. Read More
Every single voyage starts by making a decision about which is the right ship or the right cargo. Shipping professionals need the highest visibility into market information. Making the right choice is supported by knowing what has happened, what is happening and having the best view of what is likely to happen next. To do… Read More
Port of Palm Beach commissioners Thursday chose its business development director, Michael Meekins, to serve as its executive director, a position that could pay as much as $280,000 a year. That is the amount that has been budgeted but what Meekins will receive has yet to be determined. Meekins said he is hopeful that a contract… Read More
Ports of Indiana has named Jody Peacock as the new chief executive officer for the statewide port authority which operates three ports on the Ohio River and Lake Michigan. The action was approved during today’s meeting of the Ports of Indiana Commission. Peacock has served in various leadership positions for the Ports of Indiana since… Read More
Fourth quarter net loss of $31.2 million Fourth quarter negative adjusted EBITDA of $24.2 million Full year net loss of $34.1 million Full year adjusted EBITDA of $17.0 million Net loss and adjusted EBITDA include $8.1 million charge for retirement of the Terrapin Island hopper dredge in Q4 Dredging backlog of $377.1 million at December… Read More
Newport News, Va., headquartered Ockerman Automation Consulting has named Jon Holvik as executive vice president for sales, overseeing business expansion activities for the design and integration of a wide variety of propulsion, power conversion, advanced energy storage and automation systems for hybrid and all-electric vessels. Born in Norway, Holvik spent a significant amount of his career with Kongsberg… Read More
The shipyard, located adjacent to Naval Base San Diego, will provide full-service repair, maintenance, and modernization services for small surface combatants, unmanned and autonomous vessels, and auxiliary ships. Since finalizing an agreement for the property over a year ago, Austal USA has invested over $100 million in facility upgrades and a new floating dry dock to… Read More