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.

SportsPlus

McNeese Sports

Baseball Preview: Putting pieces in place

McNeese Sports

Shumate rallies Cowboys by ETAM

Business

Trump raises tariffs on aluminum and steel to 25%

Crime

Sheriff issues warrant for Texas man accused of theft

Local News

Parish facility management team strengthening building infrastructure

Crime

LC woman killed in crash with intoxicated driver

Local News

If FEMA didn’t exist, could states handle the disaster response alone?

life

Program uses locally grown produce to help students with healthier eating habits

Crime

2/10: Calcasieu Parish Sheriff announces arrest list

Local News

Trump says he has directed US Treasury to stop minting new pennies, citing rising cost

Local News

Eagles deny Chiefs a three-peat

Local News

Trump says he is serious about Canada becoming 51st state

Business

Names in the News: People shaping the future of Lake Area business

Local News

Crime & punishment: Amendment would allow more juveniles to be tried as adults

Local News

Guest commentary: Executive orders pivot US energy workers from defense to offense

McNeese Sports

Garcia, Parker lead Cowboys

McNeese Sports

Lady Demons drop McNeese

Local News

Lottery registration for Louisiana Fortify Homes Program grants open Feb. 12

Local News

10 honored for contributions to music during Black History Month Breakfast

life

SW La. school lunch menus Feb. 10-14

Local News

Moss Bluff bicyclist killed in late-night collision

Jim Beam

Jim Beam column:Landry tries to pull fast one

Informer

The Informer: Historic Arcade Theater destroyed in 1985 Thanksgiving Day fire

Crime

33-year-old LC man accused of indecent behavior