Interview: John Batten, CEO, Twin Disc
How have major events such as the U.S./China trade war, oil price fall and COVID-19 impacted Twin Disc’s commercial marine business to date, and what adjustments have you made in response?These are the three things that I’ve been highlighting in employee communications and with investors over the last few months. For us, COVID was just the third punch after the other two. China is typically our second largest market after the U.S., and we lost lots of orders to our competitors as the trade war started to affect us. It’s rebounding a little, but it definitely impacted our sales into China.
US Shipyards: Always on the Job Hunt
American shipyards form an important economic engine, supporting nearly 400,000 jobs, $25.1 billion of labor income and $37.3 billion in gross domestic product (GDP), according to figures from the U.S. Department of Transportation’s Maritime Administration (MARAD).It’s a good thing, then, that U.S. shipyards were deemed essential businesses amid COVID-19 and have remained up and running throughout the pandemic. And it’s even better that most yards have been able to keep their workers employed despite less than stable market conditions…
Great Lakes Dredge & Dock Moving Its HQ to Houston
Great Lakes Dredge & Dock Co. announced Thursday it is moving its corporate headquarters to Houston, positioning the nation’s largest dredging services provider nearer to major regional projects and opportunities. The firm will also open regional offices in Jacksonville, Fla., and Staten Island, N.Y.The move to Houston from from Oak Brook, Ill., which stems in part from changing industry dynamics, places the company closer to key regional customers and new markets, especially along the Gulf Coast and the Mississippi River…
MARAD Awards $220 Mln in Port Infrastructure Grants
More than $220 million in discretionary grant funding has been awarded to improve U.S. port facilities in 16 states and territories through the Maritime Administration’s (MARAD) Port Infrastructure Development Program, U.S. Department of Transportation Secretary Elaine L. Chao announced Thursday.“This $220 million in federal grants will improve America’s ports with nearly half the projects are located in Opportunity Zones, which were established to revitalize economically distressed communities,” said U.S. Secretary of Transportation Elaine L.
Tidewater Names Degodny CCO
Tidewater Transportation and Terminals said it recently added Aaron Degodny as its new Vice-President and Chief Commercial Officer. As part of Tidewater’s executive leadership team, Degodny will focus on establishing strategic partnerships in new markets, expanding and strengthening client relationships, and extending the regional and global footprint of Tidewater, the largest barge transportation and terminal network on the Columbia-Snake River system. He will have direct oversight and responsibility for business development, sales and marketing, public relations and media.
US Shipyards See Big Business Shifts
The American shipbuilding scene, filled with participants constructing all manner of vessels, has been navigating through stormy times (lately, yards along the Gulf Coast have literally been dealing with storms). The orders for newbuild, repair and conversion projects continue to flow in—albeit at a reduced pace—and the boats and ships go down the ways into the water, but the overall panorama has seen tremendous sea changes as the business has shifted.Maritime businesses worldwide have been grappling with currents both internal and external.
New Self-unloading Bulker Delivered to Algoma
Canadian shipping company Algoma Central Corporation announced it has taken delivery of its second Equinox 650-foot Class self-unloading dry-bulk carrier, Algoma Intrepid.The new vessel, the ninth Equinox Class vessel to join the Algoma fleet, has begun her voyage across the Atlantic to Canada from the 3 Maj Shipyard in Croatia to Canada where she is expected to begin trading on the Great Lakes in November.Algoma Intrepid is the sister ship to the Algoma Innovator, which entered…
Marine Travelift Hatch Crane Installed on VTB's New Barge
Fincantieri Bay Shipbuilding (FBS) in Sturgeon Bay, Wis., recently installed a Marine Travelift HTC 150D Hydraulic Hatch Crane on the Michigan Trader self-unloading barge delivered to VanEnkevort Tug & Barge.The Michigan Trader features an overall length of 740 ft X 78 ft beam X 45 ft depth. Once in service, it will serve the Great Lakes region by hauling bulk commodities including iron ore, stone and more.“It was nice to partner with a local supplier, Marine Travelift, to provide the lifting solutions for the Michigan Trader…
Bay Shipbuilding Delivers Self-unloading Barge to VTB
Fincantieri Bay Shipbuilding has delivered a newly built self-unloading barge to VanEnkevort Tug & Barge for operation on the Great Lakes.The new barge, named Michigan Trader, measures 740 feet in length, 78 feet in beam, and 45 feet in depth. The barge has a 265-foot unloading boom and capacity for up to 37,000 long tons of cargo.David Groh, president of VanEnkevort Tug & Barge, said Michigan Trader will be the fourth self-unloading barge in the company's Great Lakes fleet. The barge will be the 10th in the VTB fleet…
Eastern Lays Keel for Weeks Marine's New Hopper Dredge
Eastern Shipbuilding Group conducted the keel laying for the new trailing suction hopper dredge (TSHD) it is building for Weeks Marine.This new U.S. flag dredge R.B. Weeks, ordered by Weeks Marine in April, is be constructed at Eastern’s Allanton Shipyard in Panama City, Fla., for scheduled delivery in early 2023. Steel cutting commenced on August 19.R.B. Weeks is the second TSHD Eastern is building for the Cranford, N.J.-based marine construction and dredging contractor, following the Magdalen delivered in December of 2017.The R.B. Weeks is named in honor of Richard B.
Great Lakes Wins Jacksonville Harbor Dredging Contract
Great Lakes Dredge & Dock Corporation has been awarded a $105 million Base and Option B contract award on the Jacksonville Harbor Construction Dredging, 47-Foot Contract C Cut-42 Project, the U.S.' largest dredging services provider announced Friday.Great Lakes said it expects the U.S. Army Corps of Engineers to award additional option work items on the contract by mid-2021 with a value of $11.5 million, resulting in a total contract award of $116.5 million.Dredging is scheduled…
Charleston Will be the Deepest Harbor on the US East Coast
This September, the U.S. Army Corps of Engineers, Charleston District awarded the final two dredging contracts on its harbor deepening project, which will make Charleston’s harbor the deepest on the East Coast.The contract awards also coincided with the arrival September 20 of the CMA CGM Brazil, a 15,072-TEU containership stretching 1,200 feet long, and the largest containership to ever call on the East Coast and Charleston harbor.Charleston was the last stop on its East Coast itinerary…
Phase Two Contract Awarded for New Soo Lock Project
The second phase construction contract for the New Lock at the Soo has been awarded to Kokosing Alberici LLC of Westerville, Ohio, U.S. Army Corps of Engineers officials announced Thursday.The much-anticipated mega-project will require three phases of construction. Kokosing Alberici's $111 million contract to complete the second phase will stabilize the existing approach walls, allowing modern vessels to tie up and wait their turn to pass through the new lock. Construction will…
Manson Orders US' Largest Hopper Dredge
Manson Construction Co. signed a contract with Keppel AmFELS to build a new hopper dredge at the shipbuilder's facility in Brownsville, Texas, the Seattle-based marine contractor announced Monday. The new dredge is scheduled to be fully operational by spring 2023 and continues a dredge building boom currently underway in the U.S.The self-propelled trailing suction hopper dredger (TSHD) Frederick Paup will be the largest in the United States, representing Manson’s single biggest investment in its 115 year history, the company said.
Fit for Fight: Navies challenged by COVID at sea, ashore
Despite the COVID-19 pandemic, navies adjusted how they operate at home and while deployed, to keep their forces ready for any missions as they keep their Sailors, families, communities, as well as allies and partners safe from the coronavirus.Navies have taken a number of prudent preventative measures to limit outbreaks, mitigate cases of infection and reduce the community spread of the virus.Speaking during his May 29 “On The Horizon: Navigating the European and African Theaters” podcast, Admiral James G. Foggo III, Commander of U.S. Naval Forces Europe and Africa, said The U.S.
GLDD Reports $118.8 Million in New Dredging Contracts
Great Lakes Dredge & Dock Corporation has secured several major dredging awards totaling $118.8 million, the U.S.' largest dredging services provider announced on Wednesday.The awarded deepening, coastal protection, and maintenance dredging work includes projects in South Carolina, North Carolina, Texas, Mississippi, Louisiana and New York.The Post 45 Contract 4 Charleston Lower Harbor New Work Dredging Project (Capital, S.C., $52.9 million) consists of maintenance and new work dredging of material from the Charleston Lower Harbor to Hugh Leatherman Terminal.
Grain Shipments via St. Lawrence Seaway Climb
Canadian grain shipments through the Great Lakes-St. Lawrence Seaway trade corridor are up 20% in response to continuing world demand for wheat and canola, the latest figures show.Year-to-date shipments of grain (from April 1 to August 31) totaled 5.2 million tonnes, as ships transported Prairie wheat and canola and Ontario wheat and soybeans for both domestic use and for export to markets around the world.The rush of grain, which is carry over from last year’s crops, has helped to offset continuing pandemic-related declines in other key cargoes such as iron ore (down 23%)…
New Legislation Aims to Boost Great Lakes Icebreaking Capacity
New legislation introduced by U.S. Senators Tammy Baldwin (D-Wis.), Todd Young (R-Ind.) and Gary Peters (D-Mich.) will codify the U.S. Coast Guard’s icebreaking mission on the Great Lakes and increase the icebreaking capacity of the Great Lakes fleet.The Great Lakes Winter Commerce Act aims to increase Great lakes icebreaking capacity, which the lawmakers say will help the businesses and workers that rely on the maritime industry to transport their goods to market and grow the regional economy.“In recent years…
Interview: Lasse Petterson, CEO and President, Great Lakes Dredge & Dock
The dredging market in the U.S. is strong and growing, a bright spot for U.S. shipyards, with increased funding for critical infrastructure projects and port dredging at the federal and state levels. Great Lakes Dredge & Dock, the country’s largest dredging company, has invested mightily in new dredgers at U.S. yards. Lasse Petterson, CEO and President, shares insights on the strategy ahead.You have sat at the helm of Great Lakes Dredge and Dock for just over three years. What…
Interview: Heavy Lifting with John DiMartino and Tandemloc
Starting from his father’s basement in Bayport, New York, John DiMartino and his brother Bill have built a custom, heavy lift powerhouse in Tandemloc. It’s a story of building something from nothing; a story of plotting a path and adjusting for multiple course changes along the way. Ultimately, it’s a story of engineering ingenuity and heavy lift success.When John DiMartino graduated from SUNY Maritime in 1980 with a BS Marine Transportation Management, his career path started as projected…
Shipping through the Pandemic: Perfect Storm or Wake up Call?
The global pandemic news has been horrific and certainly an historic moment in domestic and worldwide shipping. For many businesses, the action was simple; hang the “closed” sign, furlough or layoff staff and wait for the approval to re-open. Or not, depending how long the virus will linger and continue to cause hundreds or thousands of deaths and rising numbers of cases. Make no mistake, there will be many businesses associated with our industry that will not return. The damages will be far beyond bars and restaurant businesses.
Canada Steamship Lines Decommissions 41-Year-old Bulker
Canada Steamship Lines' 41-year-old self-unloading bulk carrier Salarium has reached the end of its service life and will be dismantled at a ship recycling yard in Turkey, CSL Group announced.The long-serving 35,656 DWT bulker made its final voyage at the end of 2019, loading salt in Bécancour, Que. on December 19 for discharge it in Oshawa, Ont. on December 27. The vessel was then laid up in Toronto until April 2020 when it was moved to Montreal.A CSL Group spokesperson told MarineLink the company will finalize the ship recycling yard in Turkey next week…
Bay Shipbuilding Gearing Up to Support Navy Builds
Fincantieri Bay Shipbuilding (FBS) says it will upgrade its shipyard equipment and facilities this year as it prepares to assist with work on the Navy’s new guided-missile frigate FFG(X) program.FBS is partnering with its sister shipyard Fincantieri Marinette Marine, who was awarded the $795 million contract for the Navy’s first-in-class frigate April 30, 2020. Building a quality ship in Wisconsin will afford the Navy the opportunity to exercise options on the original contract for nine additional ships and services valued at $5.5 billion.