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Besides building emergency hospitals in response to COVID-19, the U.S. Army Corps of Engineers does so much more. The U.S. Army Corps of Engineers (USACE) has erected a temporary hospital at the Javits Convention Center in Manhattan, and now the Corps is in the process of constructing one at Chicago’s McCormick Place. In a press… Read More
US-based tanker company Overseas Shipholding Group (OSG) has closed on a USD 33,150,000 loan to finance its new oil and chemical articulated tug barge (ATB). The 204,000 barrel US Flag ATB barge and its identical sister vessel are being built by Greenbriar Marine’s Gunderson Marine shipyard in Oregon and are set to be delivered in… Read More
TAMPA, Fla.–(BUSINESS WIRE)–Seven Seas Water, a leader in Water-as-a-Service® (“WaaS®”) solutions, today announced that it has been acquired by funds managed by Morgan Stanley Infrastructure Partners (“MSIP”). Seven Seas Water is a former operating segment of AquaVenture Holdings Limited (NYSE:WAAS), which was acquired by Culligan earlier today. Olaf N. Krohg, CEO of Seven Seas Water,… Read More
ENCOMPASS CAPITAL ADVISORS LLC bought a fresh place in Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD). The institutional investor bought 980.7 thousand shares of the stock in a transaction took place on 12/31/2019. In another most recent transaction, which held on 12/31/2019, PRINCIPAL GLOBAL INVESTORS LLC bought approximately 785.7 thousand shares of Great Lakes Dredge… Read More
NEWPORT NEWS, Va., March 26, 2020 (GLOBE NEWSWIRE) — Huntington Ingalls Industries (NYSE: HII) announced today that it has closed on the previously announced acquisition of Hydroid Inc., a leading provider of advanced marine robotics to the defense and maritime markets. In conjunction with the transaction, HII and Kongsberg Maritime have established a strategic alliance… Read More
“Caterpillar is continuing to run the majority of its U.S. domestic operations and plans to continue operations in other parts of the world, as permitted by local authorities,” the company writes in a press release. “However, due to uncertain economic conditions resulting in weaker demand, potential supply constraints and the spread of the COVID-19 pandemic… Read More
Dredging Industry Veteran to Contribute to Callan’s Growth and Leadership GALVESTON, TX – March 25, 2020 – Callan Marine, LTD. is proud to introduce Arie van den Adel as their new Chief Operating Officer. A 30-year veteran of the dredging industry, van den Adel has served as a Dredging Operations Consultant since 2018, managing a… Read More
Odfjell Terminals US (OTUS), jointly owned by Norwegian terminal operator Odfjell SE and Candian Northleaf Capital Partners, has closed a new five-year, USD 250 million revolving credit facility. The loan is aimed at refinancing existing debt and funding investments in the existing infrastructure and new growth projects. The facility also includes potential additional funding of… Read More
ST. PAUL, Minn. – The U.S. Army Corps of Engineers, St. Paul District, selected Tom Novak as one of its three Civil Servants of the Year for 2019. The St. Paul District presents this award annually to the top three or four employees of its nearly 700-person staff. Novak, recently retired with more than 31… Read More
ST. PAUL, Minn. – The U.S. Army Corps of Engineers, St. Paul District, selected Paul Machajewski as one of its three Civil Servants of the Year for 2019. The St. Paul District presents this award annually to the top three or four employees of its nearly 700-person staff. Machajewski, with 30 years of service with… Read More
Originally Posted On – August 01, 2019 DredgeWire Publisher Peter Bowe sat with Robert Hagler-President, David Hagler – VP of Sales & Marketing and Lee Henry-Program Mgr of Hagler Systems during the Chicago WEDA (Western Dredging Association) conference for a wide ranging and exclusive interview. The Hagler’s were expansive and candid and positive about the outlook… Read More
Caterpillar Marine has reported on collaboration for the next generation of tugs in the US and provided further details of its first Advanced Variable Drive tug built in Turkey. Caterpillar Marine has announced a collaboration with Brusco Tug & Barge involving a Cat marine solutions package for two newbuilding RAL RAmparts 2500 tugs built by… Read More
NAVSEA reports that Puget Sound Naval Shipyard & Intermediate Maintenance Facility has started producing isopropyl alcohol-based hand sanitizer in its accredited laboratory. It is scheduled to be available in work areas throughout the shipyard starting next week. While the solution contains the appropriate alcohol content consistent with FDA, CDC, and WHO guidance, and is consistent… Read More
Due to the COVID-16 scare, the U.S. Army Corps of Engineers Pittsburgh District has announced the closure of its Downtown offices in the William S. Moorhead Federal Building until further notice. All district-managed campgrounds have undergone orderly shutdowns. Individuals with paid reservations will be contacted and full refunds will automatically be processed by Recreation.com with… Read More
Jeffersonville, Ind.-headquartered American Commercial Lines Inc. reports that the U.S. Bankruptcy Court for the Southern District of Texas, Houston Division has confirmed the company’s “pre-packaged” plan to recapitalize the business. The company expects to complete its recapitalization and successfully emerge from Chapter 11 in the coming weeks. On emergence, the company will receive $200 million… Read More