By Heiko Osterchrist The Dutra Group structured with The Key Equipment and Wintrust Commercial Finance a secured senior debt secured financing to support the refinancing of its existing vessels and the finance of the construction of its new, to be built, Trailing suction hopper dredge, the Adele. With this investment, The Dutra Group joins other top dredge… Read More
New York District (NYD) is responsible for maintaining the Federal navigation channels within the Port of New York and New Jersey. Maintenance of these channels via periodic dredging to authorized dimensions is critical to safeguarding commercial and recreational navigation within the port. NYD is committed to environmentally and economically sound management of maintenance dredging material… Read More
CFlo World Limited and IHC Mining have signed a strategic partnership to jointly offer solutions to the mining market in the Oceania region. This collaboration will enable both parties to drive innovation in the strategic minerals sector, focusing on silica sands, rare earth minerals, mineral recovery from urban waste, and preconcentration of gold. CFlo specialises… Read More
Singapore-based owner Berge Bulk has revealed a considerable ownership of stock in the US dry bulk player Genco Shipping & Trading. A filing to the US Securities and Exchange Commission showed that Berge Bulk’s vehicle Kibo Investment had picked up 3.13m shares in Genco, corresponding to a 7.3% stake. The stock buy-up in the New… Read More
Lars Christian Skarsgård has resigned as CEO of Belships after six years in charge of the Norwegian dry bulk company. The decision comes after US asset management firm EnTrust Global completed its takeover of Belships, delisting it from the Oslo Bors, and shuffling the board of directors. The new chairman of the board, Ivar Hansson… Read More
