HOUSTON, Dec. 02, 2024 (GLOBE NEWSWIRE) — SEACOR Marine Holdings Inc. (NYSE: SMHI) (the “Company” or “SEACOR Marine”), a leading provider of marine and support transportation services to offshore energy facilities worldwide, today announced that it has entered into a new senior secured term loan of up to $391.0 million with an affiliate of EnTrust Global (the “2024 SMFH Credit Facility”)… Read More
The shipowner Great Lakes Dredge & Dock (GLDD) has filed a lawsuit against Philly Shipyard due to multiple delays in the construction of a rock installation vessel, according to iMarine. GLDD is requesting the court to issue a restraining order and preliminary injunction, claiming that the repeated postponements of the vessel’s delivery date have caused… Read More
Big Changes Coming to Electronic Chart and Local Notice to Mariners Programs AWO is working closely with the U.S. Coast Guard to prepare the maritime industry for a significant system upgrade that will transform the delivery of critical navigation safety products, including Local Notices to Mariners (LNTM) and Light Lists (LL). Scheduled for launch on December… Read More
INTERTANKO’s Council of Members confirms Tim Wilkins to succeed Katharina Stanzel as Managing Director from 1 January 2025. During a meeting of the INTERTANKO Council this week, Managing Director Katharina Stanzel confirmed she will be stepping down from the position at the end of the year. Kathi has served as MD of INTERTANKO since 2012,… Read More
NEW ORLEANS, Nov. 25, 2024 /PRNewswire/ — Maritime Partners, LLC (“Maritime Partners”) has announced the successful closing of a $750 million, first-of-its-kind warehouse facility, which will be collateralized by three wholly owned business lines within one of its managed funds with a syndicate of lenders led by ATLAS SP Partners (“ATLAS”). The initial portfolio includes Jones Act tankers, U.S…. Read More
Dredgit Corp is the prime contractor and has subcontracted a portion of the project out to Dredge America, who has mobilized their Ellicott Series 1270 dredger and booster pump for the 380,000yd3 project Rehoboth Beach DE – This past August an offshore storm badly eroded dunes protecting coastal Hwy 1 on the north side Indian River… Read More
Heidelberg Materials North America has entered into a definitive purchase agreement to acquire Giant Cement Holding Inc., an established cement producer on the US East Coast with a focus on using waste-derived fuels The acquisition includes one cement plant with an annual capacity of 800,000 tonnes of cement, two deep-water import terminals, five distribution terminals, and an… Read More
I’m happy to share that I’m starting a new position as Director of Field Engineering at CALLAN MARINE LTD! Source
Shippers are used to changing winds and having to be flexible with plans, and that will likely be a useful skill going into four more years of President Trump in the US. It’s only been a week since the US went to the polls and returned a shocking (to some) landslide for the former leader… Read More
California State University Maritime Academy (Cal Maritime) deck cadets Jake Jacobsen and Jan Johnson have been awarded Crowley’s Thomas B. Crowley Sr. Memorial Scholarships. The scholarship recognizes the cadets’ success and their dedication to a career in the maritime industry. Jacobsen, entering his final year at Cal Maritime, is studying marine engineering technology and thrives… Read More
AWO Welcomes New Members. AWO is delighted to welcome three new members: Channel Marine Services, LLC offers a wide variety of services to meet the needs of both blue and brown water clients. Areas of expertise include environmental barge cleaning, assurance, fueling, and inspection services. Gard (North America) Inc. offers a wide range of insurance coverage, expert casualty and… Read More
HOUSTON, Nov. 25, 2024 /PRNewswire/ — McDermott has received the International Organization for Standardization (ISO) 50001 certification for energy management at four of its major fabrication yards: the Batam Fabrication Yard (BFY) in Indonesia, the Jebel Ali Fabrication Yard (JAY) in the United Arab Emirates, the McDermott Qingdao Wuchuan (QMW) in China, and Qatar Fabrication Company (QFAB)… Read More
DENVER, Nov. 25, 2024 /PRNewswire/ — Summit Materials, Inc. (NYSE: SUM), (“Summit,” “Summit Materials,” “Summit Inc.” or the “Company”) a leading producer of aggregates and cement, today announced it has entered into a definitive agreement to be acquired by Quikrete Holdings, Inc. (“Quikrete”) for $52.50 per share in cash, for a total enterprise value of approximately $11.5 billion, including debt. The transaction… Read More
HOUSTON, Nov. 21, 2024 (GLOBE NEWSWIRE) — Orion Group Holdings, Inc. (NYSE: ORN) (“Orion” and “Company”), a leading specialty construction and engineering company today announced three contract awards, two in its Marine segment and one in its Concrete segment. Each of these projects is expected to start in 2025 and will be completed within 20 months. Orion Marine was awarded… Read More
ATLANTA–(BUSINESS WIRE)–CRH today announced the acquisition of Dutra Materials in San Rafael, California. This acquisition expands CRH’s Americas Materials Solutions business and enhances its ability to provide integrated solutions to customers in northern California. Dutra Materials complements CRH’s Americas Materials Solutions business in the Western U.S., bringing additional strategic aggregate reserves and asphalt production capabilities… Read More