Arcosa Marine to shutter its Louisiana shipyard

COVINGTON, La. (AP) — Arcosa Marine Products is closing its Louisiana shipyard, which will mean its remaining 100 workers will soon be out of work.

Arcosa Marine Products is a subsidiary of Dallas-based Arcosa, which already laid off 66 workers at the shipyard in Madisonville several months ago, The Times Picayune/The New Orleans Advocate reported.

The newest round of layoffs is expected to begin in May and continue through September, according to a letter sent to the Louisiana Workforce Commission. Account managers, process operators, welders, mechanics, pipe fitters and the plant manager are expected to be among those laid off.

The shipyard once employed 300 people, building barges used to ferry products up and down the Mississippi Rover and other waterways. Arcosa had spent $7.5 million to reopen the idled barge manufacturing facility in 2019 and promised to create 149 jobs, the news site reported.

Arcosa told investors that its barge business was significantly impacted by the coronavirus pandemic. The company projected it would only generate $35 million in adjusted profits, down from $78 million in 2020.

“Liquid barge demand remains depressed by reduced demand for refined products and petrochemicals, which began declining during the COVID pandemic and has not recovered to pre-pandemic levels,” according to a news release. “We are optimistic about a recovery, but that is unlikely to occur in time for 2021 production.”

The company also reduced capacity in all of its shipyards, which included those in Missouri and Tennessee.

For copyright information, check with the distributor of this item, The Times-Picayune/The New Orleans Advocate.

Crime

Three injured in Sunday shooting

Business

New trial date set in dispute involving Capital One Tower

Crime

10/3: Calcasieu Parish Sheriff announces arrest list

Crime

Mitchell convicted in murder of Baton Rouge man whose body was found on DeQuincy road

Crime

Sulphur man accused of sexual battery

National News

Feds vow major aid for Ian victims amid rescues

Local News

Ada O’Quain: Being able to give back has never felt like work

Local News

World War II vet Edward Carter will celebrate a century of life on Tuesday

Jim Beam

Jim Beam column:Juvenile Justice making news

life

Kiwanis Club of Lake Charles wants this year’s Coats for Kids Drive to be the best ever

life

Walk aims to end bullying in and out of schools

Business News

Venezuela releases 7 jailed Americans; US frees 2 prisoners

Local News

BREAKING: Woman, three dogs killed in Moss Bluff house fire

life

Rosary Around the Lake to be recited in three languages

life

Opening of Community Kitchen celebrated

life

Expect carnival rides, games, food and more at Jeff Davis Parish Fair

Crime

Two female students accused of battery against teacher

Local News

Ian lashes South Carolina as Fla. toll climbs

life

SW La. school lunch menus Oct. 3-7

life

Bourbon, Bacon, Brisket and Brims: It’s an evening of eating, drinking and wearing wild hats

life

McNeese Preview Day set for Saturday

life

PHOTO GALLERY: Stearman Fly-In

Crime

Former CEO of health clinic convicted of Medicaid fraud

Local News

McNeese to offer help with FAFSA applications, present financial aid workshops