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ACQUISITION ESTABLISHES ENCORE AS A PREMIER DREDGING AND MARINE INFRASTRUCTURE SERVICES PLATFORM HOUSTON–(PR Distribution)—January 5, 2021—Encore Dredging Partners, LLC. a newly formed premier specialty dredging and marine infrastructure services firm today announced the acquisition of Inland Dredging Company, LLC for an undisclosed purchase price. EDP completed the transaction with the support of AV Capital who… Read More
The Kitty Hawk offshore wind farm can be expected to deliver substantial economic growth and employment to Virginia and North Carolina, according to the project’s economic impact study (EIS), with nearly 1,000 jobs to be created once the wind farm is operational. Along with the USD 2 billion in economic impact between 2021 and 2030,… Read More
Oil major ExxonMobil has stated that it would have to write down assets up to $20 billion regardless of higher oil and gas prices and improved chemical margins. Exxon stated in a regulatory filing that higher prices and margins would aid fourth-quarter results, but that the gains would be overshadowed by the write-down. The oil… Read More
Source: linkedin
Marks the Company’s largest acquisition to date, further expanding its presence in Florida BUFORD, Ga., Jan. 04, 2021 (GLOBE NEWSWIRE) — OneWater Marine Inc. (NASDAQ: ONEW) (“OneWater” or “the Company”) announced today that it has completed the acquisition of Walker Marine Group, marking the largest acquisition in the Company’s history, further expanding its presence in… Read More
Thomas Schäfer Managing Partner / Geschäftsführer bei SL Pumping Solutions GmbH Bochum, North Rhine-Westphalia, Germany Tyler Roy Executive VP at U.S. Aqua Services Lafayette, Louisiana, United States Kasey Eckstein Sales at Ingram Barge Company Houston, Texas, United States Manuel López Managing Director en KSB de México Querétaro, Mexico
NEW YORK, Dec. 21, 2020 (GLOBE NEWSWIRE) — Genco Shipping & Trading Limited (NYSE:GNK) the largest U.S. headquartered drybulk shipowner focused on the transportation of major and minor bulk commodities globally, today announced that it has entered into an agreement to acquire three modern, eco Ultramax vessels in exchange for six older Handysize vessels. The… Read More
STAMFORD, Conn., Dec. 22, 2020 (GLOBE NEWSWIRE) — Eagle Bulk Shipping Inc. (NASDAQ: EGLE) (“Eagle Bulk”, “Eagle” or the “Company”), one of the world’s largest owner-operators within the Supramax / Ultramax drybulk segment, today announced that it has become a signatory to the Sea Cargo Charter (the “Charter”). The Charter, which was launched in October… Read More
George Chartouni, U.S. Army Corps of Engineers (USACE) Chicago District, was awarded the USACE Cost Engineer of the Year award at a virtual national awards ceremony on Nov. 12, 2020, hosted by Lt. Gen. Scott A. Spellmon, 55th Chief of Engineers and Commanding General. Each year, USACE recognizes a small number of the many outstanding… Read More
WASHINGTON (December 22, 2020) – Dredging Contractors of America (DCA) praised Congressional passage of the Water Resources Development Act (WRDA) of 2020 as part of the FY 2021 omnibus spending bill and urged President Trump to sign it into law. DCA CEO Richard Balzano made the following statement in support of WRDA’s passage: “For the first time,… Read More
The National Ocean Industries Association (NOIA) says it is “ready to work with” Representative Deb Haaland, who will be President-elect Joe Biden’s nominee as the next Secretary of the Interior. Two key offshore industry agencies are part of the Department of the Interior: The Bureau of Ocean Energy Management and the Bureau of Safety and… Read More
With yards in both Canada and the U.S., MetalCraft Marine brings a unique perspective to bear on the markets in which it specializes: High-speed fireboats, patrol craft and workboats. We asked the company’s Contracts Manager Bob Clark to give us some insights into the company, its product lines, and what it sees ahead. Marine Log… Read More
Easton, Pa., headquartered mechanical pipe-joining solutions specialist Victaulic reports that Dr. Rick Bucher will succeed Dr. John F. Malloy as CEO, effective January 31, 2021. Bucher was named President of Victaulic in April of 2020, following his June 2019 appointment as Chief Operating Officer. Prior to joining Victaulic in 2009 as Vice President of Engineering,… Read More
DredgeWire exclusive DredgeWire has obtained new information about small ($150,000 and under) emergency loans granted to US companies involved in the dredging industry. After Congress in early March deemed the coronavirus outbreak a disaster, that allowed businesses to access to the Economic Injury Disaster Loans program (EIDL) administered by the Small Business Administation. The federal… Read More