Business & Finance
Business & Finance
ORN reports strong growth in profitability
Orion Group Holdings, Inc. (ORN) yesterday reported net income of $3.7 million ($0.12 diluted earnings per share) for the fourth quarter ended December 31, 2020. According to Mark Stauffer, Orion’s Chief Executive Officer, the company delivered strong growth in profitability and cash flow for the fu
Business & Finance
Another exceptional year for GLDD
Great Lakes Dredge & Dock Corporation (GLDD), one of the largest provider of dredging services in the United States, today released financial results for the quarter and year ended December 31, 2020. Great Lakes had another exceptional year financially as the company continued to act on their long t
Business & Finance
$40.8M for marsh creation project in Plaquemines Parish (LA)
Plaquemines Parish officials have announced another coastal restoration project award from Coastal Wetlands Planning, Protection and Restoration Act (CWPPRA). The project is located in Breton Sound Basin, Plaquemines Parish, west of Delacroix along Bayou Gentilly in Louisiana. “Allocating these fund
Business & Finance
Callan Marine wins Corpus Christi contract
Callan Marine has won the long-term contract for maintenance and dredging of the Port of Corpus Christi. “The Port of Corpus Christi is a vital piece of our waterway infrastructure and Callan Marine is honored to be a part of maintaining it,” stated Maxie McGuire, President of Callan Marine. “Keepin
Business & Finance
Chesapeake Bay region gets funding
The U.S. Army Corps of Engineers, Baltimore District, has received an additional $56.02 million boost for fiscal 2021, including funds for beach renourishment in Ocean City, the dredging and south jetty rehabilitation of Fishing Creek in Calvert County, completion of engineering and design work to r
Business & Finance
Fact.MR: Dredging market gradually recovering
Despite witnessing a downfall in 2020 due to the onset of the COVID-19 pandemic, the dredging market is gradually recovering, and is projected to exhibit steady growth over the coming years, reports the Fact.MR. For example, the United States passed the Coronavirus Aid, Relief, and Economic Security
Business & Finance
Further $1.5M to improve boating facilities throughout WA
The Government of Western Australia is allocating more than $1.5 million to major upgrades, replacements and planning for future works that will improve boating facilities throughout the region. Round 25 of the Recreational Boating Facilities Scheme (RBFS), managed by the Department of Transport (Do
Business & Finance
USACE releases work plan for fiscal 2021
The U.S. Army Corps of Engineers delivered to Congress its Fiscal Year 2021 (FY 2021) Work Plan for the Army Civil Works program on January 19, 2021. On December 27, 2020, President Trump signed into law the Consolidated Appropriations Act, 2021, Public Law 116-260, of which Division D is the Energy
Business & Finance
Great Lakes awarded $60.9 million in dredging work
Great Lakes Dredge & Dock Corporation (GLDD) announced today the receipt of several major dredging contracts totaling $60.9 million which will be included in the year-end 2020 backlog number. The awarded work includes: North County Comprehensive Shore Protection Project (Coastal Protection, Florida,
Business & Finance
Van Oord appoints new member of the Supervisory Board
The Supervisory Board of Van Oord will be strengthened from 1 January 2021 with the arrival of Ms. Charlotte Insinger. She is appointed for a period of four years with the possibility of reappointment, the company reports. Ms. Insinger held management positions at Robeco Group and Royal Dutch Shell.
Business & Finance
CEDA launches new online magazine
Central Dredging Association has just announced the launch of a new online magazine – the CEDA Industry News (CIN). “CEDA has always championed the professional development and success of those in dredging and associated fields,” the organization said. “An important part of what we do is to share te
Business & Finance
$234.6M approved for coastal restoration projects in LA
Gov. John Bel Edwards yesterday announced that the Louisiana Trustee Implementation Group (LA TIG) has approved $234.6 million in funds resulting from the Deepwater Horizon oil spill settlement for restoration projects that will create and restore wetlands in Plaquemines and Terrebonne Parishes. In
Business & Finance
Orion Group reports third quarter 2020 results
Orion Group Holdings, Inc. (ORN) recently reported net income of $11.8 million ($0.39 diluted earnings per share) for the third quarter ended September 30, 2020. During the third quarter an explosion and fire occurred in the Port of Corpus Christi Ship Channel while the company’s dredge Waymon Boyd
Business & Finance
Great Lakes third quarter results
Great Lakes Dredge & Dock Corporation (GLDD) today reported financial results for the quarter ended September 30, 2020. Lasse Petterson, Chief Executive Officer and President commented, “The third quarter reflects solid project performance, resulting in strong increases in income from continuing ope