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Seldom do we have an opportunity to stop an environmental crisis before it begins. This is one of those opportunities. The mining industry is on the brink of excavating the deep ocean, creating a new environmental disaster with irreversible consequences for our ocean and climate. We urgently need a deep-sea mining moratorium to thoughtfully assess the… Read More
Third quarter net loss of $9.9 million Third quarter adjusted EBITDA of $1.3 million Dredging Backlog of $452.6 million at September 30, 2022 HOUSTON, Nov. 01, 2022 (GLOBE NEWSWIRE) — Great Lakes Dredge & Dock Corporation (“Great Lakes” or the “Company”) (Nasdaq: GLDD), the largest provider of dredging services in the United States, today reported… Read More
Amogy’s proprietary ammonia-to-power system will be integrated into a tank barge, enabling Southern Devall to demonstrate the operational benefits and scalability of the technology for optimizing inland barge applications. This first commercial maritime deployment of Amogy’s technology will expedite the Company’s market entry. Amogy’s powerpack enables optimized ammonia tank pressures onboard the barge, increasing the… Read More
Crowley has named Erika Graziuso as its new Chief Information Officer, a key step in the company’s commitment to providing customers with efficient and sustainable digital solutions, supporting supply chain integrity and maintaining global competitiveness alongside its partners. In her role, Graziuso will lead Crowley’s information technology and digital transformation strategy with a key focus… Read More
Mirae Asset Global Investments Co. Ltd. bought a new position in Great Lakes Dredge & Dock Co. (NASDAQ:GLDD – Get Rating) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 19,777 shares of the construction company’s stock, valued at approximately $259,000. Other large investors have also… Read More
Antoinette R. Gant was promoted to the rank of brigadier general today in a traditional military ceremony at her alma mater, Prairie View A&M University in Prairie View, Texas. Vice Chief of Staff of the Army, Gen. Randy George, conducted the promotion ceremony. Brig. Gen. Gant is the first African American female, active-duty engineer to… Read More
Takeover of business operations by investor consortium on November 1, 2022 An investor consortium consisting of three German sand and gravel mining companies will take over the business operations of the Mannheim-based manufacturer ROHR-IDRECO Bagger GmbHon November 1, 2022. After the takeover, the company will operate under the name Rohr Bagger GmbH and employ around… Read More
This year, Betchel recognized GLDD for work together. Businesses were selected for this award based on overall performance, ability to deliver quality services, and meeting or exceeding expectations in aspects of safety, performance, technical expertise, and environmental compliance. GLDD team definitely stepped up to deliver, and were honored to be recognized by Bechtel and to… Read More
Houston-headquartered Kirby Corporation (NYSE: KEX) today reported third quarter results that beat analysts’ expectations. Net earnings were $39.1 million or $0.65 per share. Total revenues were $745.8 million, up 25% compared to the 2021 third quarter with steady gains in both marine transportation and distribution and services. Inland marine results included a 35% year-over-year increase in revenues with… Read More
Your supply chain’s well-being is our top priority. We at Maersk aim to provide you the most relevant and up-to-date information to help you navigate this period of heightened volatility. Ocean Update Volumes remain relatively unchanged since September. The U.S. East and Gulf Coasts continue to outpace the West Coast in terms of overall year-over-year… Read More
Seapeak LLC (Seapeak) and Jaccar Holdings (Jaccar) today announced that they have entered into a sale and purchase agreement whereby Seapeak will acquire Greenship Gas Trust and Greenship Gas Manager Pte. Ltd. and their subsidiaries (collectively, Evergas) from Jaccar in an all-cash transaction with an enterprise value of approximately $700 million. Evergas owns and operates… Read More
Great Lakes Dredge & Dock Corporation (NASDAQ: GLDD) today announced that it will release the financial results for its three and nine months ended September 30, 2022 on Tuesday, November 1, 2022 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, Oct. 26, 2022 (GLOBE NEWSWIRE) — Orion Group Holdings, Inc. (NYSE: ORN) (the “Company”), a leading specialty construction company, today reported net income of $0.2 million ($0.01 diluted earnings per share) for the third quarter ended September 30, 2022. Excluding non-recurring items, adjusted net income was $0.8 million ($0.02 diluted earnings per share). Third Quarter 2022 Highlights The Company has enhanced the capabilities of its… Read More
The Mark W. Barker came to life at Fincantieri Bay Shipbuilding in Sturgeon Bay, Wisconsin marking the first self-propelled, self-unloading cargo vessel built for the Great Lakes maritime trade in over 35-years. The 639-foot bulk carrier was constructed with U.S. steel from U.S. iron ore mines in Minnesota and Michigan and transported by U.S. vessels… Read More
The quest for a regional dredge to serve York County’s coastal communities got the okay Wednesday, Oct. 19, from York County Commissioners. The vote to expend $1.54 million in federal American Rescue Plan Funds for a dredge that would provide much-needed sand to replace what erodes away and help keep channels open was 3-2. Commissioner… Read More