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Moody’s Investors Service has upgraded Port of Oakland bond ratings and assigned ratings on an upcoming series of refunding revenue bonds. The upgrades, announced June 9, include: – $656 million of senior lien bonds to A1 from A2; – $324 million of intermediate lien bonds to A2 from A3; and – a subordinate lien bank… Read More
Australian maritime engineering company OMC International (OMC), the recognised world leader in real-time Under Keel Clearance Management (UKCM), is celebrating its milestone 30th anniversary with a move to larger Melbourne headquarters. Founder and Executive Director Dr Terry O’Brien AM said OMC has moved from Harper St to nearby 126 Trenerry Crescent, Abbotsford to house its… Read More
NOTE: This is the official White House release from the Office of the Press Secretary regarding the administration’s stand on US infrastructure issues. “Crumbling infrastructure will be replaced with new roads, bridges, tunnels, airports, and railways gleaming across our very, very beautiful land.” – President Donald J. Trump CRUMBLING INFRASTRUCTURE: America’s infrastructure is out of… Read More
Tanzania’s government on Saturday signed a $154 million contract with the state-run China Harbour Engineering Company (CHEC) to expand the main port in the commercial capital, Dar es Salaam. Tanzania is seeking financing for infrastructure projects as part of its plans to transform the country into a regional transport and trade hub. Under the contract… Read More
Petaluma agreed to a new longterm lease with the state for the Petaluma Marina, even as the lack of river maintenance has sunk the facility’s finances. The 20-year lease with the California State Lands Commission will offer more favorable terms to the city and allow it to recoup rents from people living on their boats… Read More
The U.S. Environmental Protection Agency is extending the public comment period until Sept. 1 on its review of the cleanup of toxic contaminants from the upper Hudson River. In the review, made public last week, the agency said that while PCB levels in Hudson River fish remains high, more dredging doesn’t seem necessary for now…. Read More
A tentative dredging plan has been approved for the city marina, work that city leaders hope will enable a private ferry service to start by the end of the year and perhaps help ensure the facility’s long-term future. The dredging, needed so that boats have enough clearance to negotiate low-tide conditions, must happen before the… Read More
General Electric Co. will not be required to remove more cancer-causing PCBs from the Hudson River in the near future despite calls from New York officials and other federal agencies to do so, U.S. Environmental Protection Agency officials announced Thursday. EPA officials have determined that the dredging of 2.8 million cubic yards of polluted mud… Read More
Ellicott Dredge Technologies (EDT) introduces the new Mud Cat MC-275D as the flagship auger dredge to lead its Mud Cat product line. The modernized Mud Cat MC-275D is a modular system that offers unique cutting, pumping, and propulsion features at an affordable price. “We designed a dredge system that can work in both hard and… Read More
Another nearly $2 million will be coming to Chautauqua County for dredging two local harbors. On Friday, Rep. Tom Reed has announced an additional $675,000 in funding for Barcelona Harbor and an additional $1.19 million for Dunkirk Harbor to aid with dredging projects. “We care about supporting jobs, trade, recreation and tourism in our communities…. Read More