HOUSTON, Oct. 31, 2024 /PRNewswire/ — McDermott’s heavy-lift and rigid pipelay vessel, the Derrick Lay Vessel 2000 (DLV2000), has been awarded the SUSTAIN-1 classification from the American Bureau of Shipping (ABS). This marks the first time a marine construction vessel in its class has achieved this sustainability certification. The SUSTAIN-1 classification recognizes the DLV2000 for its environmental performance,… Read More
Denmark’s Orsted said on Wednesday it had agreed to sell a 12.45% minority stake in four of its operational British offshore wind farms to Brookfield in a transaction worth 1.75 billion pounds ($2.28 billion). “Today’s transaction is an important milestone in the farm-down programme as part of our business plan, supporting our significant re-investment in… Read More
35% contract revenue growth, 62% Adjusted EBITDA growth HOUSTON, Oct. 30, 2024 (GLOBE NEWSWIRE) — Orion Group Holdings, Inc. (NYSE: ORN) (the “Company”), a leading specialty construction company, today reported its financial results for the third quarter ended September 30, 2024. Highlights for the quarter ended September 30, 2024: Contract revenues of $226.7 million GAAP net income of $4.3 million or $0.12 per diluted share Adjusted… Read More
Athens, Greece – Seanergy Maritime Holdings Corp. (“Seanergy” or the “Company”) (NASDAQ: SHIP) today issued the following statement regarding the decision by the High Court of the Republic of the Marshall Islands dismissing the litigation brought by Economou through his entity Sphinx Investment Corp., and with it Sphinx’s motion for a temporary restraining order which… Read More
Maersk Asia Pacific October Market Update has the latest information to stay updated and keep your cargo moving. As we enter the final quarter of 2024, the global economy is showing resilience, with strong market demand for both ocean and airfreight across major markets. In this monthly Market Update, we introduce the latest updates on… Read More