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Hornblower Group reports that its subsidiary, Hornblower Energy, has received an $8 million grant from the U.S. Department of Energy (DOE) to design, construct and operate a green hydrogen maritime fueling station. Fueling is expected to be available in 2024 and thereafter. Naval architecture and marine engineering firm Glosten is leading the design of the… Read More
DredgeWire exclusive Excerpt from earnings call transcript Analyst Alex Rygiel “…..then turning over to the heavy civil Marine segment. Backlog there of $317 million isn’t all that shabby over the last handful of years, solid number. Can you talk a little bit about mix there because mix is a big driver to the margin profile… Read More
Fairbanks Morse Defense (FMD), a portfolio company of Arcline Investment Management, is pleased to announce that Crystal Brent has been promoted to the position of Chief Marketing Officer. At FMD, Brent oversees all marketing and branding strategies and initiatives to ensure a smooth integration of new products and services as the company grows into a… Read More
EBDG has partnered with Silverback Marine to design a compact yet mighty tugboat that can be transported by truck over the road. The truckable tug has an overall length of 25′ – 10 ⅞”, a beam of 14′ – 6″ and a draft of 3′ – 4″. This vessel design offers a tug that can… Read More
Copenhagen, Denmark and Florham Park, New Jersey USA – A.P. Moller-Maersk (Maersk) has announced the completion of its acquisition of Pilot Freight Services, a leading U.S.-based international and domestic supply chain provider with cross-border solutions into Canada and Mexico. Pilot Freight Services will be rebranded to Pilot – A Maersk Company. The strategic and highly… Read More
Cashman is excited to announce we are a recipient for the 2021 AEU Safety Award! For two consecutive years, we received this award in recognition of our commitment to keeping our employees out of harm’s way while on the job, and able to return to their families safe and sound each day. #AEUSafetyAwards Source
DredgeWire exclusive Great Lakes Dredge & Dock CEO Lasse Petterson offered these insights during their Q1 earnings conference call: 1. “ US Army Corps of Engineers has received record funding.” 2. The Russian invasion of Ukraine has stimulated the LNG market in ways which will be helpful to the Dredging market. And this final teaser…… Read More
Arc Surveying & Mapping, Inc. of Jacksonville Florida has over thirty-five (35) years of surveying experience in Puerto Rico and the US Virgin Islands, specializing in dredging projects. In addition to performing condition, pre and post dredge surveys, Arc also provides geophysical surveys describing the subsurface on maintenance and new work dredging projects. During June… Read More
To view the awards ceremony, visit https://lnkd.in/e7GUK8up. Established in 1978, the Presidential Rank Award is given to members of the Senior Executive Service, Senior-Level, and Scientific and Professional corps. It is one of the most prestigious awards in the federal career civil service. This year, 230 winners from 37 federal agencies were selected by the… Read More
LA CROSSE, Wis., May 3, 2022 ― Specialty construction firm J.F. Brennan Company (Brennan) formally announces its acquisition of California-based Harbor Offshore, Inc (HOI). HOI specializes in commercial diving, marine construction, maritime security barriers, and submarine cable installation. Not only does the acquisition brings submarine cabling and maritime security barrier expertise to Brennan; it expands Brennan’s… Read More
On a windy day last week, a Maine company made history when it launched a prototype of the first-ever completely solar-powered powerboat on a Waldo County lake. “I’m pretty blown away by it,” Dan Miller, the owner of Belmont Boatworks, said Wednesday of the launch of Solar Sal 24 on Lake St. George in Liberty. “It was… Read More
Huisman has announced the award of a contract from USA-based Great Lakes Dredge & Dock Company, LLC (GLDD), for the delivery of rock installation equipment. The equipment, which is to be installed on the company’s newbuild rock installation vessel, will support the development of offshore renewable energy production in US waters. Huisman is committed to… Read More
First quarter 2022 earnings per share of $0.29 Marine transportation impacted by the COVID-19 Omicron variant in January and February, reducing earnings by approximately $0.10 per share Inland marine experienced significant market improvement in March with barge utilization increasing above 90% since mid-March Increased oil and gas demand sequentially boosted distribution and services results despite… Read More
MADISONVILLE, La.–(BUSINESS WIRE)–Guice Offshore (GO), widely considered to be the U.S. flag leader in operating dynamically positioned mini supply and medium-sized multi-purpose vessels in the specialty market, has added three new vessels to its fleet, including another 170 ft. DP1 multi-purpose vessel and two 205 ft. DP2 platform support vessels. The vessels will operate as… Read More
Ørsted’s Board of Directors has taken final investment decision (FID) on onshore wind farm Sunflower Wind in Kansas. The 201 MW wind farm will be located in Marion County, mid-Kansas, and will become Ørsted’s fourth onshore wind farm in the Southwest Power Pool (SPP) energy market. The project was acquired together with Lincoln Land Wind… Read More