Kirby christens first plug-in diesel hybrid electric towboat in U.S.$43.5 million Canal Street Ferry Terminal project completed.Master Boat Builders to build Waterways Commerce Cutter superstructures.VIDEO: Port Newark ship fire extinguished.Burning car carrier towed to new location.Suez Canal Authority raises sunken tugboat.VIDEO: Cargill-chartered Pyxis Ocean is first ship to sail with WindWings.Mærsk Mc-Kinney Møller Center signs up Sea as new knowledge partner.Top Glory Marine names Cathrin Prikker joint managing director.Putin’s oil exports capped at $60/barrel: Now what?.Dynagas LNG Partners ice class LNG carrier awarded new Equinor time charter.Maersk’s record breaking year ends on a muted note.Containership deliveries reach a record high.Traffic resumes after Suez Canal collision.IP Code adoption sets new standard for industrial personnel carriage.EU ETS revision sends IMO a message on maritime decarbonization.Offshore Energy Security Act aims to get offshore oil and gas lease sales moving.Europe’s FuelEU aims to kick start shift to greener fuels.Bought 2 tankers, broke Iran sanctions, gets prison term.CMA CGM reaches settlements with EPA on VGP violation claims.Coast Guard cracks down on illegal charter boat activity.Inchcape Shipping Services names new regional CEO for the Americas.Zelensky: Second ship safely out of Odesa.Fire safety systems on passenger ferries.Insights into the changing landscape of cyber insurance.And while continued significant weather delays on several projects in the Northeast and the unfavorable shift in mix from the higher-margin capital projects to more lower-margin maintenance jobs had GLDD go from earning 17 cents in the prior-year quarter to losing 6 cents, this too was much better than the loss of 17 cents analysts had been projecting thanks to the swift and proactive actions the company has taken in the last six months on reducing costs and adjusting its fleet. Specifically, contract revenues of $158.0 million for Q1 were down 18.7% from the prior year, but exceeded the consensus estimate by $10.3 million as higher maintenance and rivers/lakes project activity helped stem the decline in domestic capital and coastal protection project work. On what proved to be an ugly day for equities overall, shares of Great Lakes Dredge & Dock (GLDD) held up fairly well today after the company reported a better-than-anticipated start to 2023 this morning.

A smaller-than-feared loss in Q1 and a promising pickup in bidding activity for more lucrative projects have Great Lakes Dredge & Dock (GLDD) poised to return to profitability later this year.

Great lakes dredge and