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Offshore drilling contractor Noble Corporation has filed for Chapter 11 bankruptcy protection to restructure its debt following a “severe downturn in commodity prices which has been compounded by the Covid-19 pandemic”. Noble Corporation said that it entered into a restructuring support agreement with two ad hoc groups of the largest holders of the company’s outstanding… Read More
U.S.-based Fieldwood Energy has filed for Chapter 11 bankruptcy as part of its efforts to restructure the company. Fieldwood said on Tuesday that it filed a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code in the Bankruptcy Court for the Southern District of Texas. The Gulf of Mexico-focused oil and… Read More
Underwater laser scanner and imaging systems specialist 2G Robotics has said that its founding chief executive officer Jason Gillham is stepping down from his role at the company this August. He will remain available to the board of directors and to parent company Sonardyne Group during the leadership transition period. As a result, Chris Gilson,… Read More
Subsea protection specialist Tekmar said that James Ritchie-Bland has resigned as CEO and stepped down from the board. He plans to leave the business before the end of the current financial year. Alasdair Macdonald (Ally), currently non-executive chairman of the Group, has assumed the role of executive chairman. Tekmar noted that a formal process to… Read More
Veit, a specialty contracting firm, found themselves in need of a more visual, 3D software solution dedicated to clamshell dredging, that would represent the clamshell’s position and progress in real time on an upcoming project on Superior Bay in Duluth, Minnesota. Veit is a long-time Trimble user, but was looking for a more visual, 3D… Read More
CDMCS is pleased to announce that Curtin Maritime of Long Beach, California has joined the nation’s unified safety voice for dredging and marine construction. Founded in 1997 Curtin Maritime is a leading American-owned and -operated marine solutions company providing a wide range of quality maritime services for each phase of a project, from design to… Read More
OAK BROOK, Ill., Aug. 04, 2020 (GLOBE NEWSWIRE) — Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD), the largest provider of dredging services in the United States announced that the Board of Directors has authorized a share repurchase program pursuant to which the Company may repurchase up to $75 million of its common stock. Lasse Petterson, Chief… Read More
Second quarter income from continuing operations of $9.0 million Year to date income from continuing operations of $42.9 millionSecond quarter adjusted EBITDA from continuing operations of $28.1 millionYear to date adjusted EBITDA from continuing operations of $89.5 millionCash position of $233.5 million at June 30, 2020 OAK BROOK, Ill., Aug. 04, 2020 (GLOBE NEWSWIRE) —… Read More
Houston headquartered Kirby Corporation (NYSE: KEX) reported net earnings for the quarter ended June 30, 2020 of $25.0 million, compared with $47.3 million for the 2019 second quarter. Consolidated revenues for the quarter were $541.2 million compared with $771.0 million in the 2019 second quarter. “The dramatic economic slowdown associated with the COVID-19 pandemic in… Read More
New Orleans, La., headquartered Harvey Gulf International Marine has hired Ed Galloway, formerly of Subsea7/i-Tech7, to build and manage its new subsea venture company, Harvey Subsea Services. At SS7/i-Tech7, Galloway was Director of GOM Region, where he ran the company’s IMR business, including related charters and engineering solutions. Prior to this, he spent 23 years… Read More
Investment Boom Continues; Callan Marine Announces Next State-of-the-Art Cutter Suction Dredge Washington, D.C.–July 31, 2020. Yesterday, Callan Marine of Galveston, Texas announced that a fifth cutter suction dredge (CSD), the General Bradley, will be added to the company’s fleet next year. The new dredge is a 28”, 341-foot long, diesel electric powered CSD with three… Read More
Although Comal Energy Services (CES) may be new to the inland marine market, those spearheading the oil and gas services company’s expansion have decades of experience repairing and maintaining marine vessels. Company president Allan Nichols previously worked in the marine division of Mustang Cat. Jake Burkhart, marine sales manager, is part of the family that… Read More
General Bradley Targets Maintenance and Capital Dredging Projects GALVESTON, TX – July 30, 2020 – Callan Marine announces construction commencement of the General Bradley, a new 28” dredge that will join the fleet in 2021. The General Bradley is diesel-electric driven and will have three ABC 12DZC engines installed with a total of 9,260 horsepower. At… Read More
The U.S. Army Corps of Engineers Philadelphia District has received a request to amend the Mitigation Banking Instrument for the Stipson’s Island wetland mitigation bank in Dennis Township, Cape May County, New Jersey. The Stipson’s Island wetland mitigation bank is approved to provide compensatory mitigation credits for Department of the Army permits. More details are… Read More
Hub’s Landing Marina has bought and taken delivery of a Mud Cat model 115 Dredger. The marina is based off the Mississippi river in Minnesota USA, and will use the dredge for slip maintenance and access channel maintenance.