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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
Gamal Elsaeed has been running SADCO Engineering, based in Cairo, for over two decades, succeeding his father, Helmy, who founded the business in 1972. Gamal has multiple degrees in engineering from Texas A&M. His company has represented Ellicott Dredges for many decades, but also Great Lakes Dredge & Dock, a US Contractor, so he is… Read More
Great Lakes Dredge Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On March 12, 2020, Lasse J. Petterson, Chief Executive Officer of Great Lakes Dredge & Dock Corporation (the “Company”), assumed the… Read More
Connecticut-based shipping company Chembulk Tankers has signed commercial management agreements for its entire fleet of owned and chartered stainless-steel chemical tankers to enter commercial pools managed by Singapore’s Womar Logistics. Together with several current Chembulk chartering and operations professionals, the fleet will transition to commercial management by Womar in an ‘orderly’ manner, considering voyage completions… Read More
DredgeWire has learned that top management insiders at Orion continue to buy stock in the business, showing faith in the future of the business. HOUSTON–(BUSINESS WIRE)– Orion Group Holdings, Inc. (NYSE: ORN) (the “Company”) a leading specialty construction company, today announced contract awards totaling approximately $24 million. The Company’s Marine segment has been awarded two… Read More
US-based tanker company Overseas Shipholding Group (OSG) has completed the purchase of three US-flagged crude oil carriers, finalizing the acquisition of Alaska Tanker Company (ATC), the operator of the vessel trio. As a result, ATC has become a wholly-owned subsidiary of OSG. Specifically, the Alaskan Explorer, Alaskan Legend, and Alaskan Navigator have been bough from… Read More
CLX96: The motor yacht — reinvented — is coming Florida. — (March 11, 2020) — CL Yachts will officially announce an envelope-pushing project that has been in the works for several years: CLX96. A new breed of boat, the premium performance SAV (Sea Activity Vessel) reinvents the motor yacht. An official announcement of the SAV… Read More
Due to the impact of the ongoing oubreak of the coronavirus on the cruise industry, Royal Caribbean Cruises has increased its revolving credit capacity by USD 550 million bolstering the company’s liquidity. The cruise giant said it was going to cut capital expenditures, operating expenses and take other actions to improve liquidity by at least… Read More
Dual roles held as Legislature considers future oversight for DEP. Department of Environmental Protection Secretary Noah Valenstein will take on the responsibilities of Chief Resilience Officer while continuing to hold his current position within the administration. “Secretary Valenstein will continue to prioritize coastal resilience in Florida and prepare for the effects of sea-level rise,” said… Read More
C-Job Naval Architects is opening a new office in Athens, Greece. The global independent ship design and engineering company is planning to launch the new office this spring, headed by long-time ‘C-Jobber’ Nikos Papapanagiotou. “C-Job has seen significant growth over the past few years in both the industry as well as in the demand for… Read More
A major provider of subsea cable installation and maintenance services to the telecommunications, offshore renewables, utility and oil & gas markets worldwide has been acquired. Private equity firm J.F. Lehman & Company (JFLCO) has completed the acquisition of Global Marine Group (GMG) from HC2 Holdings for an enterprise value of US$250m. Ian Douglas, CEO at… Read More
Then and now: GLDD started building the 68th Street Crib in 1892 for the Chicago Water Works. For many years, the crib helped purify drinking water for millions of Chicagoans. #dredging#dredgelife#dredginghistory Source: linkedin.com