THE MARINE GROUP

Resolve Refloats Cruise Ship in Northwest Passage

  Resolve Marine Group refloated the Clipper Adventurer cruise ship recently.  The vessel had run aground on rocks in Coronation Gulf, in Canada's Northwest Passage on Friday, August 27.   The Resolve salvage team deployed four tugs at high tide, to free the stranded vessel.  The Clipper had sustained several breeches to the hull when it ran aground the rocks last month, with passengers onboard. The Canadian Coast Guard evacuated the passengers without incident before the salvage operations began. The vessel is currently underway to Port Epworth, Nunavut, where it will be stabilized and temporary repairs effected. Resolve Marine Group is a leading marine services organization with a primary focus on salvage and emergency response, worldwide.  It is headquartered in Fort Lauderdale, and has operations in New Orleans, Theodore (Mobile), London, and Singapore. Its divisions include Resolve Salvage & Fire (Americas), Inc., a Primary Resource Provider for ship owners and operators, that fulfills all U.S. Coast Guard OPA-90 requirements for marine salvage and firefighting in U.S. waters. www.resolvemarine  

Manitowoc Awarded Contract for Double-Hull Tug/Barge Unit

The Manitowoc Company, Inc. announced that Vane Line Bunkering, Inc. has awarded Manitowoc Marine Group (MMG) a contract for the construction of a 480-ft., 145,000-barrel, double-hulled hot oil tank barge and an accompanying 6,000-horsepower tug. The ocean-going articulated tug and barge (AT/B) unit is slated for delivery in fourth quarter of 2006. This contract also provides Vane Brothers with an option for an identical AT/B unit to be delivered in the third quarter of 2007

Friede Goldman In Deal To Buy Halter Marine

Friede Goldman In Deal To Buy Halter Marine In a deal that will create the U.S.’ most prolific offshore building company, Friede Goldman International Inc. announced plans earlier this week to buy ship builder Halter Marine Group Inc. The agreement is valued at about $220 million calls for each Halter share to be exchanged for 0.4614 share of Friede Goldman.

FGI And Halter Merger Activities On Schedule

Friede Goldman International stated that its activities related to its pending merger with Halter Marine Group were progressing on schedule. The company has received commitments from a group of banks led by Wells Fargo and Bank One for a credit facility that will meet the financing needs of the combined company. Response from shareholders of both companies to the proposed merger has been positive based on proxies received through October 25

Canadian Shipbuilding: East against West

According to a May 16 report from the Vancouver Sun, the Harper government is expected to release its long-term shipbuilding strategy in the coming weeks, creating two national centers to handle billions of dollars worth of contracts. The strategy could spark a high-stakes game pitting West Coast firms against East Coast companies in a winner-take-all contest. Vancouver-based Washington Marine Group and J.D. Irving on the East Coast will be asked to submit proposals to become the “center

Bay Shipbuilding to Build PSV for Tidewater

Fincantieri Marine Group (FMG) announced that its Bay Shipbuilding Company will build two 303-ft Platform Supply Vessels (PSVs) of the MMC 887 LH PSV Design from MMC Ship Design of Poland for New Orleans, La.-based Tidewater Marine, LLC, a wholly-owned subsidiary of Tidewater Inc. The Deepwater Platform Supply Vessels, to be built at FMG’s shipyard Bay Shipbuilding Company, located in Sturgeon Bay, Wis., will be state-of-the-art vessels with diesel-electric z-drive propulsion

Friede Goldman and Halter Complete Merger

Friede Goldman International, Inc. and Halter Marine Group Inc. have announced the two companies have completed their previously announced merger and the name of the combined company is now Friede Goldman Halter, Inc. The new company will begin trading on the New York Stock Exchange on November 4, under the new symbol "FGH."

Resolve Managerial Appointments

Resolve Marine Group of Fort Lauderdale, one of the US’ major Marine Emergency Response, Salvage and Fire Fighting experts, is to develop its expertise on a more global basis and has recruited a number of key personnel into its company to achieve this aim. Bob Umbdenstock, marine industry executive and consultant with international management experience in heavy salvage, wreck removal and environmental protection

US Boatbuilders File Voluntary Bankruptcy Petition

Luhrs Marine Group announces the commencement of proceedings under Chapter 11 of the Bankruptcy Code Morgan Industries Corporation, the parent company of Hunter Marine Corporation and the Luhrs Marine Group family of boat manufacturing businesses, announce that it and its U.S. subsidiaries (the "Company") filed voluntary petitions for chapter 11 business reorganization in the United States Bankruptcy Court for the District of New Jersey.

Orion to Build Caribbean Dock Facility

 Orion Marine Group, Inc., a heavy civil marine contractor serving the infrastructure sector, announced a contract award of approximately $38 million.  to design, build and dredge a new dock facility for a private customer in the Caribbean. The initial design phase of the project will commence immediately, while onsite construction will begin in the third quarter of this year and last approximately 18 months