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With global plans for offshore wind energy development accelerating, investors continue to look for new opportunities to participate in the market. In the latest development, a U.S. private investment firm, Sandbrook Capital, has acquired a majority stake in Norway’s Havfram, a recently launched offshore wind services company. The Norwegian company, which is transitioning from its… Read More
NEW YORK–(BUSINESS WIRE)–Ambac Financial Group, Inc. (NYSE: AMBC), a financial services holding company, today announced that it has acquired majority stakes in both All Trans Risk Solutions, LLC and Capacity Marine Corporation. “We are very pleased to add All Trans and Capacity Marine to our growing specialty P&C platform,” said Claude LeBlanc, CEO of Ambac. “These acquisitions add approximately… Read More
Crowley has been recognized as a 2022 Top Company for Women to Work For in Transportation by Redefining the Road, the Women in Trucking Association’s official magazine. According to the magazine, Crowley stands out for a corporate culture that fosters gender diversity, professional development opportunities and career advancement opportunities. The company is also recognized for its… Read More
Vernon, B.C., headquartered Bryton Marine Group has named Stuart McVitty as its chief operating officer. With five marine companies in the group — All American Marine, Bellingham, Wash., BRIX Marine, Port Angeles, Wash., EagleCraft, Campbell River, B.C., KingFisher Boats, Vernon, B.C., and Renaissance Marine Group, Clarkston, Wash. —family-owned Bryton has grown to over 500 employees,… Read More
We are pleased to announce Ed Taylor has joined our ROHR-IDRECO Americas Family! Ed is based in our Houston area office and will be out visiting customers, adding up airline miles, and getting to know some of the best people in the construction industry! Source
Wholly-owned subsidiaries of Shell plc (“Shell”) in Switzerland, the UK, US and Sweden (Shell (Switzerland) AG, Shell U.K. Limited, Pennzoil-Quaker State Company and Shell Aviation Sweden AB) have entered into agreements to acquire the Environmentally Considerate Lubricants (ECLs) business of the PANOLIN Group. The transaction includes the PANOLIN brand, ECL product formulations, intellectual property, technical… Read More
Almost a year ago, Sandor Mulsow told China Dialogue Ocean that the body charged with both protecting the international seabed and developing rules to govern its exploitation, the International Seabed Authority (ISA), is in fact promoting mining. Mulsow is a former head of environment and minerals at ISA. The allegation of lack of neutrality raised by Mulsow… Read More
A few of us GLDD “old timers” got together in Chicago to celebrate Dave Simonelli’s career. Congrats Dave! Source
The White House announced President Biden’s appointment of former Milwaukee port director, Adam Tindall-Schlicht, as the next Administrator of the Great Lakes St. Lawrence Seaway Development Corporation (GLSLSDC). Mr. Tindall-Schlicht resigned his position at Port Milwaukee on October 19. “The GLSLSDC is a member of the CMTS and, having known Adam for many years, we… Read More
HII (NYSE: HII) reported third quarter 2022 revenues of $2.6 billion, up 12.3% from the third quarter of 2021, primarily driven by revenue attributable to the acquisition of Alion Science and Technology (Alion) in the third quarter of 2021, as well as revenue growth at Newport News Shipbuilding. Operating income in the third quarter of… Read More
Houston-headquartered offshore services giant Tidewater Inc. (NYSE:TDW) has released third quarter results that see it report positive net income for the first quarterly period since 2017. “Our third quarter performance reinforces our previous commentary that the offshore vessel industry had reached an inflection point,” said Tidewater President and CEO Quintin Kneen. “Revenue improved by 17% sequentially,… Read More
International shipbrokers IFCHOR and Galbraiths have agreed to merge and are in the final stages of completing a share for share agreement which is expected to close in the next few weeks. The new entity will be headquartered in Switzerland and comprise of 21 offices with over 300 employees from many different backgrounds and nationalities,… Read More
In a Singapore stock exchange announcement, Singapore Technologies Engineering Ltd (ST Engineering) has announced that its subsidiaries have entered into an agreement to divest the entire issued and outstanding equity interests in its U.S. Marine subsidiaries, VT Halter Marine, Inc (Halter Marine) and ST Engineering Halter Marine and Offshore, Inc. (STEHMO) to Bollinger Shipyards Lockport LLC for a cash… Read More
Michelle Alcathie, former vice president of human resources at Kratos Defense & Security Solutions (Nasdaq: KTOS), has taken on the same position at Austal‘s U.S. ship manufacturing division. She will oversee the development and implementation of policies, programs and services related to Austal USA’s HR management and workforce development initiatives, the company said Monday. Rusty Murdaugh, president of Austal USA,… Read More
Guiding industry through the energy transition and advising on how best to minimize offshore emissions to meet sustainability objectives is a continuing focus for ABS. The new ABS Guide for Sustainability Notations is the first sustainability-related guide to address emissions and discharges from offshore assets and is based on feedback from ABS clients including ExxonMobil, SBM and… Read More