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Since The Shearer Group is celebrating 10 years of being in business this year, who better to feature in the CEO Spotlight than two its head guys—Gregory Beers and Cory Wood. Back in 2010, both men purchased the assets of Shearer & Associates Inc. from Ed Shearer to form The Shearer Group Inc., which provides… Read More
Specialist insurer Beazley has appointed Chris Hill as an underwriter within its U.S. marine team. He will be based in New York and will underwrite a U.S.-wide book of marine hull and liability risks. Hill joins Beazley from Berkley Offshore Underwriting Managers where he spent more than seven years, most recently as vice president in… Read More
Crowley Maritime Corp. has awarded a Thomas B. Crowley Sr. Memorial Scholarship to senior Keith Baker at the Great Lakes Maritime Academy. Baker, of Traverse City, Mich., earned the scholarship based on academic performance, financial need and interest in pursuing a career at sea. A member of a family with a history of U.S. Coast… Read More
ASSIUT, EGYPT – Orascom Construction PLC (OC:NASDAQ Dubai), one of the top ten engineering, procurement and construction contractors in Africa, recently commissioned a custom-built radio remote controlled Mud Cat MC 25EC E-Series dredge at Assiut Supercritical Steam Power Station in Assiut, Egypt. Assiut Supercritical Steam Power Station is a 650-megawatt power station located within the vicinity… Read More
BALTIMORE–(BUSINESS WIRE)–Today, US Wind Inc. announced that it has named Jeffrey Grybowski as Chief Executive Officer. Grybowski will lead US Wind as the company embarks on development of a major offshore wind project off the coast of Maryland. In August, funds managed by affiliates of Apollo Global Management, Inc. (NYSE: APO) committed to invest up to $265 million in… Read More
Brennan is pleased to announce the asset acquisition of Rhode Island-based Specialty Diving Services (SDS). Over the past 34 years, SDS has built a great reputation throughout New England as a top-notch marine construction and commercial dive contractor. Our teams have many similarities, from the types of work that we pursue to the corporate culture… Read More
— Represents critical step forward for US renewables and offshore wind industry — State-of-the-art vessel design in cooperation with Ulstein — First step in establishing US-based rock supply chain for the offshore wind industry — Vessel to be built by US shipyard and expected to be operational as early as Q1 2024 HOUSTON, Dec. 3, 2020 /PRNewswire/… Read More
Offshore drilling contractor Seadrill Partners has filed voluntary petitions under Chapter 11 of the Bankruptcy Code to preserve value and to continue the operation and marketing its assets. Seadrill Partners said on Tuesday that it has been in negotiations with an ad hoc group of lenders under the company’s Term Loan B credit facility regarding… Read More
Oil major ExxonMobil will make an impairment charge of $17 billion to $20 billion in the last quarter of the year after removing certain dry gas assets from its development plan and reduce spending plans for the next year. ExxonMobil said on Monday it has completed a review of its forward business plans. Under the… Read More
Canada’s Davie Shipbuilding reports that Vard Marine Inc. and Serco Canada Marine have become partners in its polar icebreaker program, which is the flagship project at Davie’s National Icebreaker Center (NIC). Canada’s current Polar Icebreakers have far exceeded their life expectancy. CCGS Louis S. St-Laurent is now in its sixth decade of operation. CCGS Terry… Read More
Washington D.C. – The American Wind Energy Association (AWEA) today released the following statement on Vineyard Wind’s selection of GE’s Haliade-X 13MW wind turbines to power the Vineyard Wind 1 Farm. “Today’s announcement from Vineyard Wind and GE Renewable Energy is an exciting step forward for American offshore wind energy, putting the domestic clean power industry on the… Read More
DredgeWire Exclusive While Dredge Yard has just reported on LinkedIn that it sold a small electric Dredger for potash mining in Canada, DredgeWire has learned more about the buyer and the interesting mining project application. Milestone Phase I Project Western Potash has developed a Final Engineering Report along with Amec Foster Wheeler and Agapito Associates… Read More
HOUSTON–(BUSINESS WIRE)–Nov. 30, 2020– Orion Group Holdings, Inc. (NYSE: ORN) (the “Company”) a leading specialty construction company, today announced a change in the position of Board Chair effective at the end of the year. As the next step in the Company’s Board refreshment process, effective December 31, 2020, Richard Daerr will be retiring as Chair… Read More
The U.S. engineering and consulting solutions provider NV5 has secured an $8 million LNG upgrade deal. The company said in its statement the contract is for a Northeast Utility, without disclosing further information. The deal covers engineering, procurement, and construction (EPC) services to upgrade a liquefied natural gas (LNG) facility owned and operated by the… Read More
Anaheim, Calif. – Nov. 19, 2020 – Willard Marine today announced the appointment of Eugene Hanscom as General Manager. The industry veteran came to Willard in May of 2020 as the Director of Finance. Prior to that he spent the last six years with Curtin Maritime, a Long Beach-based maritime construction services company, as Vice… Read More