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German Landesbank NordLB may take 95 percent ownership of Bremer Landesbank (BLB), which recently announced that it may lose in the “mid-hundred millions” this year due to souring shipping loans. BLB is 54 percent owned by NordLB already, and among the recapitalization options on the table is NordLB’s purchase of (or stock swap for) the… Read More
As CMA CGM moves towards full ownership of Neptune Orient Lines, it has reconstituted NOL’s board to include several CMA representatives and emplaced a new CEO and CFO from the ranks of the French line’s executives. NOL’s board named CMA’s Group SVP of Asia-Europe Nicolas Sartini as NOL Chief Executive Officer (replacing Ng Yat Chung)… Read More
Mark Mazzanti has been selected to become the director of Programs for the Southwestern Division, U.S. Army Corps of Engineers, headquartered in Dallas. He will replace Mr. Robert E. Slockbower, who is retiring on June 30. As the director of Programs, Mazzanti will be responsible for the development and execution of Civil Works, Military, Hazardous,… Read More
Henriette H. Thygesen, currently Damco CEO for the Americas, has been appointed CEO of Svitzer with effect from Sept 1. Current CEO of Svitzer, Robert M. Uggla, is leaving A. P. Møller – Mærsk A/S to take on the position as CEO of A.P. Møller Holding. The new CEO of Svitzer, Henriette H. Thygesen, has… Read More
German state-owned lender HSH Nordbank is preparing to sell up to 3.2 billion euros’ ($3.7 billion) worth of non-performing loans as part of its bailout programme, two people familiar with the matter said. The European Commission approved a bailout of the ship financier in March and HSH recently asked investment bank UBS to find buyers… Read More
Mr A. Aboutaleb, the Mayor of Rotterdam, presented the prestigious international prize for family businesses to CEO Pieter van Oord. Rotterdam, the Netherlands, 9 June 2016 – The 2016 Leonardo da Vinci prize has been awarded to Van Oord. Mr A. Aboutaleb, the Mayor of Rotterdam, presented the prestigious international prize for family businesses to… Read More
Orion Group Holdings, Inc. (NYSE:ORN) a leading specialty construction company, today announced a contract award of approximately $10 million. The Company’s Heavy Civil Marine Construction segment, Orion Marine Group, was recently awarded a contract from the United States Army Corps of Engineers to perform dredging services in the Matagorda Ship Channel. The project entails dredging work… Read More
Ellicott Dredge Enterprises is pleased to announce that its parent, Markel Corporation, (NYSE: MKL) has earned a position on the latest Fortune 500 list, at number 476, with over $5 billion of revenues. This selection marks Markel’s first time ever on the list. Until relatively recently Markel was exclusively an insurance company. Ellicott Dredge Enterprises… Read More
DP World will build and manage Ecuador’s first deepwater port, boosting the country’s competitiveness as the Panama Canal expands. The 50-year concession will allow the ports operator to expand its footprint in South America, where it already has terminals in Argentina, Brazil, Peru and Suriname, the company said yesterday. The first phase of the multi-purpose… Read More
Arc Surveying & Mapping, Inc., Demco NV and OEMG Global join forces to provide geophysical and innovative navigational surveys worldwide. Arc Surveying & Mapping, Inc, of Jacksonville, Florida and Demco NV of Wintershoven, Belgium have announced a joint venture agreement adding two additional innovative surveying services to Arc’s roster of technologically advanced surveying systems. Under… Read More
An underwater pump able to dredge 100m below the surface gives dredging company a competitive advantage. GIW Industries, Inc., the leader in the design, manufacture, and application of heavy duty centrifugal slurry pumps, announces the successful design and installation of a unique underwater pump system for a major Chinese dredging contractor. This equipment package consists of… Read More
HvS Dredging Support BV, offshore support company located in Harlingen, Nederlands, has put its new multi-purpose DP 2 vessel Zwerver II in operation. The 35 meters long vessel mobilised to Liverpool during May for its first project. It will be involved with the mattress installation and trenching operations scope on Burbo Bank Extension offshore wind… Read More
The shareholders of Middle East container shipping group United Arab Shipping Company (UASC) back the company’s merger talks with German rival Hapag-Lloyd although there has not yet been a vote to approve a deal, UASC said on Thursday. UASC, which is owned by Gulf governments, said the merger talks were discussed at an extraordinary general… Read More
The commander of the U.S. Army Corps of Engineers’ Buffalo District – which oversees shipping on Lake Erie and at the Port of Cleveland – has been reassigned, and replaced by Lt. Col. Adam Czekanski of the Army Corps’ San Francisco District. An Army Corps spokesman said the reassignment of Lt. Col. Karl Jansen was… Read More
A change in leadership within a Fort Bragg command and new assignments for two generals with local ties were among the changes announced by the Army in late May. Army Reserve Brig. Gen. Richard K. Sele will become deputy commanding general of Fort Bragg’s U.S. Army Civil Affairs and Psychological Operations Command, according to a… Read More