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Company News

Conrad Reports Net Loss For Third Quarter

November 21, 2021

Conrad Industries reported a net loss of $578,000, or $0.12 per share, for the third quarter, but net income of $8.7 million, or $1.74 per share for the first… Read More

New Company Float Freight Expands Project, Container Service Float Freight’s services include low-cost transshipment and direct discharge options for the project, heavy lift, bulk, breakbulk and container sectors.

New Company Float Freight Expands Project, Container Service

November 19, 2021

One of North America’s biggest and most respected tug companies has formed a new division to expand its cargo-hauling services, both project cargoes and container on barge on the… Read More

GLDD Reports Increased Third Quarter Earnings

November 8, 2021

Great Lakes Dredge & Dock Corporation (GLDD) reported third-quarter net income of $13.8 million, up from $12.5 million for the third quarter of 2020. Revenue was $168.6 million for… Read More

Hawaii Exit, Hurricane Ida Impact Kirby Earnings

November 2, 2021

Kirby Corporation announced a third-quarter net loss of $264.7 million or $4.41 per share October 28, although the bottom-line number was impacted by significant one-time items. Excluding the one-time… Read More

Orion Group Holdings Reports Net Loss But Larger Backlog

November 2, 2021

Orion Group Holdings Inc. reported a net loss of  $10.2 million ($0.33 diluted loss per share) for the third quarter. The operating loss was $8.7 million for the quarter, compared… Read More

Industry People On The Move – October 2021

October 19, 2021

Reinhardt Monica Reinhardt has been named chief financial officer of Inland Marine Service (IMS), Hebron, Ky. She joined IMS in 2017 as the controller of the accounting team. Read More

Ian-Conrad Bergan Rebrands With New Leadership

October 18, 2021

Ian-Conrad Bergan LLC, Pensacola, Fla., has announced a rebranding, new leadership and a new direction. Now called Bergan Marine Systems under new president and CEO Kyle Durden, the… Read More

New Executive Director Charts Future Of Chicago Port Varela Chicago port

New Executive Director Charts Future Of Chicago Port

October 8, 2021

The Illinois International Port District (IIPD), located on Chicago’s south side, recently named Erik Varela as its executive director. Alongside IIPD’s board of directors, Varela will work to “solidify” the port district as an important… Read More

CPP Investments To Acquire Remaining Stake In Ports America

October 2, 2021

The Canada Pension Plan Investment Board (CPP Investments) announced September 29 that it has entered into a definitive agreement to become the 100 percent owner of Ports America, North… Read More

Industry Veteran Jim Fletcher Retires, Team Services Remains A ‘Family-Run Business’

September 27, 2021

Jim Fletcher, a longtime leader in the maritime industry and founder of Baton Rouge, La.-based Team Services LLC, retired from his full-time role with the company at the end… Read More

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