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For the fourth year in a row, CITGO Petroleum Corporation has awarded eight grants to varying local government agencies and nonprofits in celebration of National Estuaries Week, which took place Sept 15-22. Through a partnership between CITGO and Restore America’s Estuaries (RAE), each grant will fund the organizations’ restoration programs, environmental clean-ups, tree plantings and… Read More
OAK BROOK, Ill., Oct. 30, 2018 (GLOBE NEWSWIRE) — Great Lakes Dredge & Dock Corporation (NASDAQ: GLDD) today announced that it will release the financial results for its three and nine months ended September 30, 2018 on Tuesday, November 6, 2018 at 7:00 a.m. C.S.T. A conference call with the Company will be held the… Read More
Cheniere Energy (NYSEMKT:LNG) says feedgas flows to its Corpus Christi export terminal reached their highest level to date as the company prepares to produce, load and ship its first cargo from the facility. Deliveries to the terminal totaled nearly 121M cf/day, the highest since flows ramped up in earnest in September and roughly double the… Read More
An increase in air passenger traffic congestion and rising privatization trends in the Asia-Pacific region are fuelling rapid growth in the advanced airport technologies market, according to a report by BCC Research. The industry expects to see a compound annual growth rate (CAGR) of 6.3% through 2023, when it is forecast to reach nearly $9.5… Read More
With the introduction of instant booking confirmation, Maersk customers can now complete their bookings within seconds compared to previous waiting times of up to two hours. Eliminating this delay, as the first in the industry, is a top priority for Maersk as the delay triggers uncertainty and extra workloads in managing supply chains for the… Read More
This informal meeting is being convened for the purpose of providing Noteholders (i) with a recap on the Group’s business climate and financial performance for the past financial year; (ii) an update on the discussions with the principal bankers on possible additional working capital lines and (iii) present the Proposal to Noteholders for their consideration…. Read More
The city has launched an ambitious 20-year plan to transform one of its rivers into a park and a business, housing and multimode transportation corridor. The project’s Greenway Promenade aspires to recreate the celebrated San Antonio Riverwalk. During an Oct. 25 press event to officially launch the initiative, Mayor Jorge Elorza called the 560-acre Valley… Read More
Previously scheduled for retirement, PCC now intends to sell the still-operating Dredge Ellicott Dredges supplied all the cutter suction dredges used in the original construction of the Panama Canal in 1907. In 1943, the Panama Canal Authority added the MINDI, also built by Ellicott, to their fleet. This dredge was a key component in the… Read More
Australia’s LNG Ltd. says it will not make a final investment decision this year on its proposed $6B Magnolia LNG terminal near Lake Charles, La., due to difficulty lining up Chinese buyers amid the U.S.-China trade dispute. The company had said it expected to announce a decision by year-end 2018, but “we made that statement… Read More
In 2008 Kiasma Group introduced the KFC System in to the HDPE discharge pipes Market developed to the dredging Sector. In 10 years these pipes have been used in Shipyards in Latin America, Europe, Africa, Middle East and India. Even today, in 2018 we keep receiving, many letters of appreciation in reference to the benefits… Read More
The Port of Corpus Christi has appointed Clark Robertson as its Chief Operating Officer, a position last held by Chief Executive Officer Sean Strawbridge. Accomplished in industrial real estate acquisitions, economic development, transportation sales and marketing, Robertson has expertise in developing and leading results-driven teams in dynamic environments with a focus on long-range growth. In… Read More
One of Baker County’s unique attractions will soon close for the season in advance of winter’s deep snows, but plans are afoot to open more of the Sumpter Dredge to visitors in the future. There is no timeline, but the long-term goal is to allow visitors to tour sections of the upper two stories of… Read More
After four years of embarking on an upstream campaign to fund a dredge of its namesake river, the Schuylkill Navy — with the help of Penn — may finally be making some headway. The city hosted a meeting on Sept. 28 with the Schuylkill Navy and seven local universities, including Penn, to discuss the possibility… Read More
J.F. Lehman & Company, a leading middle-market private equity firm focused exclusively on the aerospace, defense, maritime, government and environmental sectors, is pleased to announce that an investment affiliate has acquired International Marine & Industrial Applicators, LLC and Craft and Technical Solutions, LLC from IMIA Group, Inc. Founded in 1985, IMIA provides critical vessel preservation… Read More
Project would create first onshore location in the U.S. Gulf capable of servicing fully-laden Very Large Crude Carriers Contemplated venture creates a new Partnership where both the Port of Corpus Christi and Carlyle would jointly fund the development of the safest, most environmentally friendly marine terminal capable of handling the largest crude vessels Thousands of… Read More