Redfish News

Great Lakes Dredge & Dock Corporation, a U.S.-based dredging services giant said Thursday it had secured two major dredging contracts in Texas, worth $186.6 million in total.The contracts are for Freeport Harbor Channel Improvement Project, Dredging Reaches 1, 2, and 4 ($157.4 million) and Galveston Entrance Channel and Houston Ship Channel Dredging Project ($29.2 million)The Freeport Harbor Channel Improvement Project entails deepening the channel to authorized depths of 51 to 56 feet, which will make Port of Freeport the deepest port in Texas.

The Houston Ship Channel expansion project, also known as Project 11, continues to make significant progress. Port officials announced that dredging of the first segment extending from Bolivar Roads to Redfish, known as Segment 1A, is complete. The work was completed on schedule and on budget.Project 11’s Segment 1A constitutes eleven and a half miles in the Bay. The expansion of this area is expected to help increase safety, reduce congestion, and improve vessel transit times…

Great Lakes Dredge & Dock Corporation, the largest provider of dredging services in the United States, on Wednesday announced the receipt of several major dredging awards totaling $143.5 million with open options pending award of $102.9 million.The awarded work includes:South Atlantic Division Regional Harbor Dredging 2023 Project (Maintenance, Georgia, North Carolina and South Carolina, $26.6 million)Fire Island Inlet to Montauk Point, Contract 2 Project (Coastal Protection, New York…

Research projects in New England and the Mid-Atlantic are expected to receive nearly $5.6 million in federal funding, according to an announcement made today by NOAA Fisheries. Under the Saltonstall-Kennedy Grant Program, which is administered by NOAA Fisheries, funding will be made available to provide financial assistance for research and development projects that benefit the U.S. fishing industry. Of these funds, $2.3 million would support projects to benefit the groundfish industry. Funding will be made available to projects following review by NOAA’s Office of Acquisition and Grants, which is expected to be completed shortly. “Today’s announcement is great news for fishing communities in the Greater Atlantic Region…

Offshore marine services firm Otto Marine informs it has obained a total of US$24.9 million in charter contracts for three offshore vessels – Redfish 4, Go Canopus and Go Altair. Redfish 4, an 8,000bhp Anchor Handling Tug Supply (AHTS) vessel equipped with dynamic positioning 2 capabilities will be deployed for work on long term charter in Mexico. Go Canopus, a 10,800bhp AHTS vessel built in 2009 with DP2 technology has been contracted on long term charter, also for work in the Gulf of Mexico.

Higman Marine Services of Houston, Texas, took delivery of its newest vessel, the M/V Red Fish. The vessel was built in five months by Hope Shipyard, located in Dulac, La. The pushboat is slightly larger than previous vessels built for Higman, measuring 78 ft by 32 ft with a 10 ft depth. The M/V Red Fish headed out from Hope’s fabrication yard on the Houma Navigational Waterway after a quick delivery to meet up with her first tow. The M/V Red Fish is equipped with 2,000 hp engines and the hull has tankage for 20…

Crewmembers of Coast Guard Marine Safety Office Houston-Galveston are investigating the collision between the freight ship Napoleon and a tugboat with four barges in the Houston Ship Channel Monday night. A Coast Guard watchstander at Vessel Traffic Service Houston received the report of the collision via the pilot aboard the Napolean at approximately 10:40 p.m. According to the report the collision occurred while the Napolean attempted to over take the tug Jonathan Thomas, near buoy number 54, while heading out bound in the Houston Ship Channel near Redfish Bar in Galveston Bay. The collision caused the Jonathan Thomas's tow line to brake; setting the barges adrift, injuring one crewmen and damaging one barge and the tug.

PetroCom LLC announced that an affiliate of H.I.G. Capital, a Miami-based private investment firm, has completed the previously announced acquisition of PetroCom. Headquartered in New Orleans, PetroCom is a leading cellular carrier in the Gulf of Mexico and a full-service telecommunications solutions provider for the offshore industry. Last year H.I.G., through its Bayside Capital affiliate, acquired Sola Communications, a leader in the delivery of telecommunications related services for the offshore oil and gas and emergency services markets. In connection with its acquisition of PetroCom, H.I.G. also obtained regulatory approval to combine the PetroCom and Sola businesses. PetroCom is the fifth Gulf area company in which H.I.G. has invested in the past few years.

PetroCom LLC has entered into a binding agreement to be acquired by an affiliate of H.I.G. Capital, a Miami-based private investment firm. Headquartered in New Orleans, LA, PetroCom is a leading cellular carrier in the Gulf of Mexico and a full-service telecommunications solutions provider for the offshore industry. PetroCom President Ken Wright commented, "We are thrilled to partner with a premier private equity firm as we enter our next stage of growth. H.I.G.'s investment represents an important milestone in our Company's history, and their support will enable us to significantly expand our footprint. Earlier this year H.I.G., through its Bayside Capital affiliate…

(PHA) last Thursday welcomed congressional leaders, the U.S. to further fuel the port's remarkable growth. Jim Edmonds. economy growing," he said. ribbon stretched 150 feet across the channel. guests onboard a paddlewheeler, The Colonel. today," said Tom Kornegay, Executive Director of the Port Authority. (from 400 feet) and deepening the channel to 45 feet (from 40 feet). allow slower barge traffic to navigate the channel. and widening project also helps protect water and air quality. Houston Authority and the U. precedent-setting role in improving water and air quality. Edmonds. government agencies formed in 1990. successful. Members of the BUG include Port of Houston Authority, U.S. General Land Office, Texas Parks and Wildlife Department, U.S. Environmental Protection Agency, U.S. U.S.

Unocal Corporation's Spirit Energy 76 unit said its exploration drilling successes and aggressive development program on the Gulf of Mexico shelf area in the first half of 1999 should more than offset the natural production declines for the year. "We have a long record of low drilling and operating costs on the shelf, which enables us to enjoy returns that cannot be matched by the typical shelf operator," said Roger C. Beach, Unocal chairman and CEO. Beach noted Spirit Energy's GOM shelf prospects are predominantly natural gas and deliver production quickly, making them extremely attractive in the current capital-constrained environment.