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HOUSTON, June 30, 2020 /PRNewswire/ — McDermott International Ltd. (“McDermott” or the “Company”) today announced that the Company has successfully completed its restructuring process. The comprehensive balance sheet restructuring equitizes nearly all of McDermott’s $4.6 billion of funded debt. The Company emerges with $2.4 billion in letter of credit capacity and $544 million of funded… Read More
With the improved accuracy and integrity of un-augmented GPS over the last several years, and with the introduction of the U.S. operated satellite-based augmentation system known as Wide Area Augmentation System (WAAS), the maritime community no longer has a mission requirement for DGPS. GPS now provides sufficient positional accuracy to meet international navigation requirements for… Read More
Submitted by the Chief, Office of Navigation Systems (CG-NAV) On June 30, 2020 the Coast Guard switched off the last Differential Global Positioning System (DGPS) signals after more than 25 years of service. With the improved accuracy and integrity of un-augmented GPS over the last several years, and with the introduction of the U.S. operated… Read More
U.S. engineering and construction services company McDermott International has completed its restructuring process by shedding nearly all of the company’s $4.6 billion of funded debt. McDermott said on Tuesday that it emerges from bankruptcy with $2.4 billion in letter of credit capacity and $544 million of funded debt. Exiting bankruptcy, which the company filed for… Read More
DSC Dredge joined forces with Teledyne Marine and Trimble to create DSC Vision, a 3D guidance and visualization system that allows operators to stop “dredging in the dark.” According to the company, the combination of DSC Dredge and Teledyne software, Trimble GNSS positioning and Teledyne Marine sonar technology delivers a single, powerful package that allows… Read More
Dr. Shana Hirsch has become associate director of the University of Washington’s Pacific Marine Energy Center (PMEC). In this role, Hirsch will work with PMEC on university-industry collaboration in the marine energy industry in the US. PMEC is a consortium of three universities which focus on the responsible advancement of marine renewable energy. It includes… Read More
Lt. Col. Eli Adams assumes command of the U.S. Army Corps of Engineers Buffalo District from outgoing commander Lt. Col. Jason A. Toth. The formal change of command ceremony took place at the Buffalo District reservation, Buffalo, NY, June 26, 2020. The change of command is a time-honored ?U.S. Army tradition dating back before the… Read More
ST. PAUL, Minn. – The U.S. Army Corps of Engineers, Mississippi Valley Division, recently selected St. Paul District Channels and Harbors Section Supervisor and Lewiston, Minnesota, resident Steve Tapp as the division’s nominee for the national Outstanding Civilian of the Year Award. The award recognizes a civilian’s contributions and support to the Corps of Engineers,… Read More
The mining industry is under threat from cyber attacks aimed at exploiting its strategic position in global supply chains. Early in our explorations within this sector we discovered that the risks and opportunities for exploitation are very large, yet there seems to be extreme reluctance in talking about it. What we are dealing with here… Read More
HOUSTON, June 24, 2020 /PRNewswire/ – Gulf Stream Marine, Inc. (“GSM”) announced today that it will be expanding its footprint with two additional terminals, namely the Care terminal at the Port of Houston in Texas and the Port of Pascagoula in Mississippi, through an asset acquisition from Coastal Cargo of Texas Inc. and Gulf Coast… Read More
New York — On June 25, 2020, Col. Matthew W. Luzzatto assumed command of the U.S. Army Corps of Engineers, New York District, during a change of command ceremony held at the District’s Caven Point Marine Terminal in Jersey City, N.J. Col. Luzzatto succeeds Col. Thomas Asbery, who commanded the New York District for the… Read More
Darryl Berger has been elected chairman of the Board of Commissioners of the Port of New Orleans, which chose new officers on Thursday for the next fiscal year. In addition, William Langenstein III was elected vice chairman, while Charles Ponstein was appointed secretary-treasurer during the monthly board meeting. Port commissioners also serve as directors of… Read More
Louisville, KY — Col. Eric D. Crispino assumed command of the U.S. Army Corps of Engineers Louisville District during a ceremony at the McAlpine Locks and Dam in Louisville, Kentucky, today. Col. Antoinette R. Gant passed the district colors to Col. Crispino symbolizing her relinquishment of command after serving three years as the commander. Maj…. Read More
WEDA’s 2020 President’s Report June 16, 2020 On behalf of the Western Dredging Association, I would like to wish you, your families and colleagues the very best during the unprecedented times we are currently enduring. With the ongoing stresses of the COVID virus and civil strife we are all adapting to a new way of… Read More
Dear Customer, At Xylem, we are committed to working together to solve our customers’ wide range of problems related to water. Tideland Signal has been a part of Xylem since 2016, and has provided world leading aids to navigation solutions, products, services and customer care, with innovation, safety and compliance at its core. Our more… Read More