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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
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