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The grant will help bolster stone barriers along Route 1A in North Hampton and Rye in Rockingham County to reduce flooding. New Hampshire is getting a $20 million federal grant to help reconstruct coastal seawalls eroded by storms and flooding and received a disaster aid declaration to recuperate costs from a storm in January, officials said Monday…. Read More
HOUSTON, April 24, 2024 (GLOBE NEWSWIRE) — Orion Group Holdings, Inc. (NYSE: ORN) (the “Company”), a leading specialty construction company, today reported its financial results for the first quarter ended March 31, 2024. Highlights for the quarter ended March 31, 2024: Contract revenues of $160.7 million GAAP net loss was $6.1 million or $0.19 per diluted share Adjusted net loss was $4.0 million or $0.12 per diluted share Adjusted EBITDA… Read More
Globally, offshore wind energy development has seen explosive growth. By the end of 2022, total global offshore wind capacity in operation had reached 64.3GW. The US offshore wind market has been developing at a more measured pace. By Mike Rodgers, Lauren Bachtel, Diana Jeschke, and Will Kim, Linklaters LLP. Such global growth is predicted to continue over the next decade,… Read More
Japan recorded a trade deficit for the third straight fiscal year as the costs of energy and other imports rose and the yen remained weak. The deficit was 5.89 trillion yen ($38 billion) for the fiscal year that ended in March, according to Finance Ministry data released Wednesday. The biggest trade deficits were in the… Read More
A new federal report proposes the buildout of interregional offshore wind transmission but looming rule changes must minimise development risks to drive the plan forward. As offshore wind developers deploy the first large arrays along the U.S. East Coast, plans are in motion to create an offshore grid network. The first large offshore wind farms,… Read More
DLA Piper advised Katoen Natie on an approximately US$103 million term financing facility to Terminal Cuenca del Plata S.A. to fund the expansion of the Port of Montevideo. IDB Invest and Banco Bilbao Vizcaya Argentaria participated in the financing. An additional US$340 million in financing was provided by a syndicate of commercial banks with the… Read More
The City Council’s dredging update during its Monday, April 15, meeting brought the body up to speed about the project affecting Hueneme Beach. The project includes key partners, the Port of Hueneme, the Harbor, the Army Corps of Engineers, the United States Navy, BEACON, and others, which advocate for the project. In the 1960s, Congress… Read More
The economic centre of gravity is slowly refocusing on regional developments in South America and Asia, and seeing the mature consumer markets lose out to the emerging economies, but that long-term change is slow and far from linear. Global economic growth forecasts remain on the low side, but regionally the catch up of Asian economies… Read More
The Maritime International Advisory Panel (IAP) held its third annual meeting on 16 April 2024, during the Singapore Maritime Week 2024. This year, the Maritime IAP held in-depth discussions on the key developments in the maritime sector, including decarbonisation, green financing, digitalisation and cybersecurity. It also welcomed five new members (see Annex A for list of members… Read More
This article is part of an Earth Month series exploring environmental issues, climate initiatives and community stakeholders throughout Providence and Rhode Island. Last month, South Fork Wind Farm — located off the coast of Rhode Island — began producing power, making Rhode Island home to the country’s first utility-scale wind farm. The wind farm, which provides power… Read More