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DETROIT — The President’s Budget for Fiscal Year 2024 (FY24) includes more than $7.4 billion in discretionary funding for the U.S. Army Corps of Engineers Civil Works program, with just over $159 million set aside for Detroit District projects. Of great regional significance is $3 million for the Great Lakes Coastal Resiliency Study, a project that… Read More
Offshore wind partners Ørsted and Eversource submitted a proposal for an 884-megawatt project called Revolution Wind 2 in response to Rhode Island’s newest wind power solicitation, promising “unprecedented investments in port improvements and shipbuilding.” “Ørsted and Eversource are leading the buildout of a homegrown American offshore wind industry, and Revolution Wind 2 will further advance… Read More
DP World and Grupo Puntacana have announced a joint effort to develop a new air cargo logistics hub in Punta Cana, Dominican Republic, boosting the country’s position as the largest trade and logistics centre in the Caribbean. The new facility is being created through an agreement between DP World and the Punta Cana Free Trade… Read More
The Southwestern Division, U.S. Army Corps of Engineers, continues steady progress in delivering projects under its $5 billion Hurricane Harvey Supplemental Program. As part of the division’s program, 40 regional projects were identified and divided into short-term and long-term portfolios funded by the 2018 Bi-Partisan Budget Act. Total obligations across both long-term and short-term portfolios… Read More
FORD CITY, Pa. – They may just look like large hunks of metal, but the new hoists installed at Crooked Creek Lake will go hard at work to reduce the risk of floods in the greater Pittsburgh region for the next 75 years or longer. The hoists – weighing 38,000 pounds apiece – work to… Read More
HOUSTON, March 14, 2023 (GLOBE NEWSWIRE) — Orion Group Holdings, Inc. (NYSE: ORN), a leading specialty construction company, today reported its financial results for the fourth quarter and full year ended December 31, 2022. Highlights for the quarter ended December 31, 2022: Contract revenues increased 20.9% to $196.2 million from $162.3 million in the fourth quarter last year Operating loss… Read More
By: Heiko Osterchrist DredgeWire recently sat down with Ken Cirillo, the Director of the Barnstable County (Ma.) dredging program, to discuss the challenges that he and many of the towns they dredge for on CapeCod are experiencing. Ken has been in the maritime industry for over 30 years. Prior to becoming Director at Barnstable Ken… Read More
The State of Maine recently published the final version of its Maine Offshore Wind Roadmap, sending a strong market signal that the state is increasingly ready for commercial-scale floating offshore wind development in the Gulf of Maine. The Roadmap, which I first wrote about in November, makes a series of recommendations to advance commercial scale-floating offshore wind… Read More
Wetlands—now known for their biodiversity, flood protection, and water purification—were once thought to be unproductive lands brimming with disease. They’ve long been drained to pave the way for cities, croplands, and pasture, but researchers haven’t had a good estimate of how much of the world’s wet and wild places have disappeared since preindustrial times. Now,… Read More
The Georgia Center of Innovation, a strategic arm of the Georgia Department of Economic Development (GDEcD), hosted more than 800 attendees at the 2023 Georgia Logistics Summit, where experts offered insights on the intersection of the economy, technology, and growth of Georgia’s ports. Now in its 14th year of bringing together all aspects of the logistics industry, the Georgia… Read More