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New York-based shipping and logistics company Sino-Global Shipping America has decided to acquire a majority stake in Mandarine Ocean (MO), a Shanghai-based shipping company registered in the Marshall Islands. As informed, Sino-Global signed a share purchase agreement with Kelin Wu, the 88.5 per cent shareholder of MO. Under the deal, Sino-Global will acquire a 75… Read More
H2H Geoscience Engineering is pleased to announce that it has acquired Innovative Mapping Technologies (IMT) of Vero Beach, FL and Troy, NY adding to its suite of survey and mapping tools used in fixed and mobile mapping platforms. IMT provided high-end survey and mapping equipment for terrestrial, waterway and aerial related mapping services throughout the… Read More
A Massachusetts hospital staff member demonstrates a piece of equipment as Matthew Tessier, Emily Pottier of the U.S. Army Corps of Engineers, New England District and other hospital staff look on. The demonstration was part of a site assessment to address possible conversion of existing buildings into alternate care facilities (ACF) in Massachusetts, March 25,… Read More
The National Maritime Center has issued a notice outlining operational changes due to COVID-19. All 17 Regional Examination Centers (REC) and 3 Monitoring Units (MU) remain closed to the public until further notice. A transition to telework and shift-work is being implemented to balance mission-essential credential services with the need for a safe, “social distance”… Read More
HOUSTON, April 02, 2020 (GLOBE NEWSWIRE) — Kirby Corporation (“Kirby”) (NYSE: KEX) today announced that it has completed the acquisition of Savage Inland Marine’s (“Savage”) inland barge fleet. Savage is an operator of tank barges and towboats participating in the inland tank barge transportation industry in the United States. The total consideration paid was approximately… Read More
Besides building emergency hospitals in response to COVID-19, the U.S. Army Corps of Engineers does so much more. The U.S. Army Corps of Engineers (USACE) has erected a temporary hospital at the Javits Convention Center in Manhattan, and now the Corps is in the process of constructing one at Chicago’s McCormick Place. In a press… Read More
US-based tanker company Overseas Shipholding Group (OSG) has closed on a USD 33,150,000 loan to finance its new oil and chemical articulated tug barge (ATB). The 204,000 barrel US Flag ATB barge and its identical sister vessel are being built by Greenbriar Marine’s Gunderson Marine shipyard in Oregon and are set to be delivered in… Read More
TAMPA, Fla.–(BUSINESS WIRE)–Seven Seas Water, a leader in Water-as-a-Service® (“WaaS®”) solutions, today announced that it has been acquired by funds managed by Morgan Stanley Infrastructure Partners (“MSIP”). Seven Seas Water is a former operating segment of AquaVenture Holdings Limited (NYSE:WAAS), which was acquired by Culligan earlier today. Olaf N. Krohg, CEO of Seven Seas Water,… Read More
ENCOMPASS CAPITAL ADVISORS LLC bought a fresh place in Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD). The institutional investor bought 980.7 thousand shares of the stock in a transaction took place on 12/31/2019. In another most recent transaction, which held on 12/31/2019, PRINCIPAL GLOBAL INVESTORS LLC bought approximately 785.7 thousand shares of Great Lakes Dredge… Read More
NEWPORT NEWS, Va., March 26, 2020 (GLOBE NEWSWIRE) — Huntington Ingalls Industries (NYSE: HII) announced today that it has closed on the previously announced acquisition of Hydroid Inc., a leading provider of advanced marine robotics to the defense and maritime markets. In conjunction with the transaction, HII and Kongsberg Maritime have established a strategic alliance… Read More
“Caterpillar is continuing to run the majority of its U.S. domestic operations and plans to continue operations in other parts of the world, as permitted by local authorities,” the company writes in a press release. “However, due to uncertain economic conditions resulting in weaker demand, potential supply constraints and the spread of the COVID-19 pandemic… Read More
Dredging Industry Veteran to Contribute to Callan’s Growth and Leadership GALVESTON, TX – March 25, 2020 – Callan Marine, LTD. is proud to introduce Arie van den Adel as their new Chief Operating Officer. A 30-year veteran of the dredging industry, van den Adel has served as a Dredging Operations Consultant since 2018, managing a… Read More
Odfjell Terminals US (OTUS), jointly owned by Norwegian terminal operator Odfjell SE and Candian Northleaf Capital Partners, has closed a new five-year, USD 250 million revolving credit facility. The loan is aimed at refinancing existing debt and funding investments in the existing infrastructure and new growth projects. The facility also includes potential additional funding of… Read More
ST. PAUL, Minn. – The U.S. Army Corps of Engineers, St. Paul District, selected Tom Novak as one of its three Civil Servants of the Year for 2019. The St. Paul District presents this award annually to the top three or four employees of its nearly 700-person staff. Novak, recently retired with more than 31… Read More
ST. PAUL, Minn. – The U.S. Army Corps of Engineers, St. Paul District, selected Paul Machajewski as one of its three Civil Servants of the Year for 2019. The St. Paul District presents this award annually to the top three or four employees of its nearly 700-person staff. Machajewski, with 30 years of service with… Read More