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Maryland Governor Larry Hogan announced on June 9, 2020 that William P. Doyle, CEO and Executive Director of the Dredging Contractors of America (DCA) and formerly a Commissioner at the U.S. Federal Maritime Commission, has been appointed to lead the Maryland Port Administration, and Executive Director of the Port of Baltimore. “On behalf of the… Read More
Malaysian FPSO provider Yinson has revealed the amount of the settlement with PetroVietnam regarding the 2019 termination of a $1 billion FPSO charter contract. Yinson said on Monday that its PTSC CRD joint venture, consisting of Yinson Clover and PetroVietnam Technical Services Corporation (PTSC), was entitled to receive the balance amount of $33.1 million from… Read More
U.S. offshore support vessel provider Seacor Marine has completed the acquisition of the remaining 50 per cent of the equity interests in SEACOSCO Offshore from COSCO Shipping. Seacor Marine said on Monday that it would consolidate the operating results of SEACOSCO as a 100 per cent owned subsidiary from and after the closing date. Through… Read More
HOUSTON, July 6, 2020 /PRNewswire/ — BWC Terminals today announced the completion of the merger of U.S.-based liquid storage terminal providers BW Terminals, Inc. (“BW Terminals”) and Contanda LLC (“Contanda”) which have been under common ownership since December 2019. The combined company, which is renamed BWC Terminals, creates a leader in the liquid storage industry… Read More
Halter Marine Inc., Pascagoula, Miss., has launched the first two in the series of Auxiliary Personnel Lighter–Small (APL(S)) berthing barges it is building for the U.S. Navy. In other milestones in the program, the company erected modules on the third barge and laid the keel on the fourth barge. The shipbuilder received the initial contract… Read More
CONCORD, Mass. — Col. John A. Atilano II became the 38th commander of New England-based Army engineers during a change of command ceremony today at the district’s Concord headquarters. He assumed leadership from Col. William M. Conde. “I am honored to command the New England District,” Atilano said. “These are unprecedented times in our nation’s… Read More
Hi-Crush Inc. Reports Losses Of $147M In First Quarter Of 2020 A frac sand producer with four mines in Wisconsin announced it expects to declare bankruptcy after posting net negative revenues in the first quarter of 2020 and defaulting on loans. Hi-Crush Inc., which owns mines in the cities of Augusta, Whitehall, Blair and Wyeville,… Read More
According to a new SEC filing, Russell Investments Group of Seattle has disclosed a 7.7% interest in Orion. 0001193125-20-188703
Maritime Bethel at Savannah, a nonprofit organization that provides personal and practical support to seafarers who come into Georgia ports, has recently announced the appointment of John Houchens as executive director. Houchens comes to Maritime Bethel at Savannah with more than thirty years of non-profit experience. He has served organizations large and small, both in… Read More
US Coast Guard sets special buoy to commemorate the battle where the American national anthem, “The Star Spangled Banner,” was written. The Americans successfully defended against a naval bombardment by a British Fleet in the War of 1812. https://youtu.be/WJHX9DHOPPk
HOUSTON, June 30, 2020 /PRNewswire/ — McDermott International Ltd. (“McDermott” or the “Company”) today announced that the Company has successfully completed its restructuring process. The comprehensive balance sheet restructuring equitizes nearly all of McDermott’s $4.6 billion of funded debt. The Company emerges with $2.4 billion in letter of credit capacity and $544 million of funded… Read More
With the improved accuracy and integrity of un-augmented GPS over the last several years, and with the introduction of the U.S. operated satellite-based augmentation system known as Wide Area Augmentation System (WAAS), the maritime community no longer has a mission requirement for DGPS. GPS now provides sufficient positional accuracy to meet international navigation requirements for… Read More
Submitted by the Chief, Office of Navigation Systems (CG-NAV) On June 30, 2020 the Coast Guard switched off the last Differential Global Positioning System (DGPS) signals after more than 25 years of service. With the improved accuracy and integrity of un-augmented GPS over the last several years, and with the introduction of the U.S. operated… Read More
U.S. engineering and construction services company McDermott International has completed its restructuring process by shedding nearly all of the company’s $4.6 billion of funded debt. McDermott said on Tuesday that it emerges from bankruptcy with $2.4 billion in letter of credit capacity and $544 million of funded debt. Exiting bankruptcy, which the company filed for… Read More
DSC Dredge joined forces with Teledyne Marine and Trimble to create DSC Vision, a 3D guidance and visualization system that allows operators to stop “dredging in the dark.” According to the company, the combination of DSC Dredge and Teledyne software, Trimble GNSS positioning and Teledyne Marine sonar technology delivers a single, powerful package that allows… Read More