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Top offshore drilling company Transocean beat earnings predictions by 25 percent in the second quarter, another sign that the offshore market is heating up after years of contraction and consolidation. The $100-plus price of oil is certainly helping, according to CEO Jeremy Thigpen. “While we have experienced volatility, commodity prices have remained within a range… Read More
Global offshore wind leader Ørsted today inaugurated the Ørsted Taiwan Offshore Wind Farms Operations and Maintenance (O&M) Hub. Located at the Port of Taichung, the O&M hub is the first operations facility with green design and the largest in terms of size and offshore service capacity in the Asia-Pacific region. It’s built with the aim… Read More
U.S. Army Corps of Engineers, South Atlantic Division Commander, Brig. Gen. Jason E. Kelly, signed the South Atlantic Coastal Study Final Report this week during a virtual, online ceremony July 25, 2022. The four-year, $18.4 million, comprehensive regional study was designed to identify the risks and vulnerabilities of tidally influenced areas to increased hurricane and storm… Read More
The US Senate has approved the Water Resources Development Act, which includes a $31bn project to build a coastal barrier that would help protect the industrial plants along Galveston Bay and the Houston Ship Channel. The project, called the coastal spine or the Ike Dike, is a large-scale coastal storm risk management and ecosystem restoration project that… Read More
U.S. Senators Kevin Cramer (R-ND), Ranking Member of the Transportation and Infrastructure Subcommittee, and Jeff Merkley (D-OR) introduced a bill to establish a Western Water Cooperative Committee. The Western Water Cooperative Committee would ensure the U.S. Army Corps of Engineers (Army Corps) flood control projects in Western States are operated consistent with congressional directives and… Read More
Story and photos by Judith Powers The 2022 Western Dredging Association Annual Dredging Summit and Expo broke all attendance and exhibitor records in its 43-year history. With 780 attendees and 90 guests, visiting more than 150 exhibition booths, the event was a harbinger of a robust North American dredging industry able to handle a future… Read More
The ongoing surge in demand for sand has made it a scarce commodity. This natural resource is commonly used in computer microchips, construction, and is an active ingredient in cosmetics. But the current supply of this material has not been able to keep up with the speed of global urbanization. Now, sand is approaching a cost… Read More
HOUSTON, July 28, 2022 (GLOBE NEWSWIRE) — Kirby Corporation (“Kirby”) (NYSE: KEX) today announced net earnings attributable to Kirby for the second quarter ended June 30, 2022 of $28.5 million or $0.47 per share, compared with earnings of $10.2 million, or $0.17 per share for the 2021 second quarter. Excluding one-time non-recurring items in the 2022 second quarter, net earnings attributable to Kirby were $29.8 million or $0.49 per share. Consolidated revenues… Read More
Industrial Service Solutions (ISS) announced that it has entered into a strategic alliance agreement with Zeeboat, LLC (“Zeeboat™”) to develop a pipeline of maritime decarbonization projects for design and implementation of fully electric and hybrid diesel-electric powered vessels and port electrification. ISS will serve as general contractor for the projects and provide the necessary design,… Read More
Today, the Baker-Polito Administration announced nearly $10.8 million in Seaport Economic Council grants for 19 projects. The grants will help coastal communities advance projects that benefit commercial maritime industries, improve resident and visitor access to waterfront assets, mitigate the impacts of climate change, and advance future dredging. The grants were approved at today’s meeting of… Read More