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THIRD-QUARTER HIGHLIGHTS Revenue level stable compared to the first half of the year Dredging: strong utilization of trailing suction hopper dredgers Offshore Energy: good contribution from both contracting and services Salvage: continued high activity level Order book: EUR 4.4 billion Strong net cash position further improved OUTLOOK FOR 2020 Dredging: stable market picture with COVID-19… Read More
HOUSTON — (BUSINESS WIRE) — Nov. 9, 2020 — Orion Group Holdings, Inc. (NYSE: ORN) a leading specialty construction company, today announced contract awards totaling approximately $52 million. The Company’s Concrete segment has been awarded three separate contracts to provide concrete and associated paving services for projects in Texas. All three projects call for the construction… Read More
HOUSTON — (BUSINESS WIRE) — Nov. 9, 2020 — Orion Group Holdings, Inc. (NYSE: ORN) a leading specialty construction company, today announced contract awards totaling approximately $52 million. The Company’s Concrete segment has been awarded three separate contracts to provide concrete and associated paving services for projects in Texas. All three projects call for the construction… Read More
PHUKET: A government project to start dredging the Koh Kaew Canal, linking Royal Phuket Marina and Boat Lagoon Marina with Phang Nga Bay, will not begin until 2022, the senior official in charge of the regional channel development has revealed. Thada Wannapruk, Director of the Channel Development and Maintenance Bureau Region 3 of the Marine… Read More
By TIM FAULKNER/ecoRI News staff Local demand for offshore wind power continues to grow, as Rhode Island recently announced plans to buy up to 600 megawatts of new offshore wind energy to meet its renewable-energy targets. The offshore power grab aligns with Gov. Gina Raimondo’s goal to source 100 percent of the state’s energy from… Read More
In the new year, the first offshore wind farm in the United States will shut off its turbines, and its customers on nearby Block Island in Rhode Island will revert to diesel generation. The rocky saeabed around Block Island has been worn away by tides and storms, sometimes exposing high-voltage cables in a popular swimming… Read More
UMass Dartmouth recently announced a $4.2 million grant from the Office of Naval Research (ONR) to fund new research projects through the Marine and UnderSea Technology research program (MUST) in partnership with the Naval Undersea Warfare Center Division Newport (NUWC). This latest award follows a $4.6M grant from the Office of Naval Research in February… Read More
Third quarter income from continuing operations of $12.5 million Third quarter adjusted EBITDA from continuing operations of $32.2 million Backlog of $661.3 million at September 30, 2020 Cash position of $229.7 million at September 30, 2020 Company moving headquarters to Houston, Texas OAKBROOK TERRACE, Ill., Nov. 04, 2020 (GLOBE NEWSWIRE) — Great Lakes Dredge &… Read More
On signing photo from left to right: Vincent Maes (Sales Manager Benelux Damen), Kommer Damen (Chairman Damen), Gerbrand Schutten (Chief Executive Officer Aqualiner) and Maurice Swets (Chief Executive Officer Swets ODV Maritiem) during the contract signing On the 2rd of November, Damen Shipyards signed a contract with the Dutch ferry joint venture Aqualiner-Swets for a… Read More
Beathan Report published a new report, titled, “Dredging Services Market.” The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter’s Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain thorough understanding of the industry… Read More