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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
LA CROSSE, Wis., December 21, 2020 ― J.F. Brennan Company (Brennan) officially announces the asset acquisition of New England-based Specialty Diving Services, Inc (SDS). The acquisition combines two established union companies that specialize in commercial diving and heavy marine construction. Founded in 1986, SDS is headquartered at the Port of Davisville in North Kingstown, Rhode Island… Read More
HOUSTON–(BUSINESS WIRE)– Orion Group Holdings, Inc. (NYSE: ORN) a leading specialty construction company, today announced contract awards totaling approximately $20 million. The Company’s Marine segment has been awarded two contracts for projects in Florida. The first project, valued at approximately $10.7 million, is for the City of St. Petersburg, Florida, and requires the demolition, removal… Read More
WELLFLEET — Two spotter scopes sit on a desk in the harbormaster building on the town pier. When necessary, Harbormaster Michael Flanagan will bring a scope upstairs to get a better read on what’s going on in the harbor. Flanagan has kept an eye on the busy harbor for the last 22 years. He’ll take his… Read More
New Orleans headquartered Turn Services—one of the largest independent barge fleeting and shifting companies in the U.S.—reports that it has entered into a definitive agreement to acquire the assets and business of Bayou Fleet. Located at Mile 125.5 on the Lower Mississippi River (LMR) in Hahnville, La., Bayou Fleet provides fleeting, shifting and dry cargo… Read More
STAMFORD, Conn., Dec. 16, 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 purchased a high-specification 2015-built SDARI-64 scrubber-fitted Ultramax bulkcarrier for a purchase price of USD 16 million. The… Read More
A company that makes marine structures from barges to bridge tressels is expanding and moving from Chesapeake to Perquimans County. East Coast Steel Fabrication will be the only large manufacturer in the county and the first in at least 20 years. The company will add 28 jobs and invest $482,000 in new buildings and equipment…. Read More
ASL Marine reported another quarterly loss, But revenues and margins were up in its dredging component division. Overall revenues and income were down v the comparable first quarter last year. ASL Marine’s fiscal year starts June 30 and Q1 ends Sept 30. In reporting its earnings ASL said: “The COVID-19 pandemic has severely disrupted global… Read More
Washington, DC, December 11, 2020 — The Dredging Contractors of America (DCA), the national trade association whose members are leading providers of dredging services for navigation, coastal protection, environmental restoration and shoreline resilience in the United States, announce today that Richard A. Balzano has been named Chief Executive Officer and Executive Director. For more than… Read More
SEACOR Holdings Inc. (NYSE:CKH) reports that it has entered into a definitive agreement to take the company private. The agreement, signed with an affiliate of New York-based private equity firm American Industrial Partners (AIP) values SEACOR at approximately $1 billion. The deal will see SEACOR Executive Chairman and CEO Charles Fabrikant step from his executive… Read More
Mobile, Ala., based Cooper Marine & Timberlands (CMT) has promoted Strickler Adams to Director of Marine Logistics and has hired Alan Dodd as Director of Business Development. As Director of Marine Logistics, Adams will lead the Cooper Marine & Timberlands vessel and barge logistics team, coordinating the movement of the company’s 400-plus barges and 20… Read More