GE Capital Corporate Finance provided $16 million in equipment financing to the Dutra Group, Inc. The funds refinance existing debt used to support the company’s marine fleet. Headquartered in San Rafael, CA, the Dutra Group focuses on dredging and marine construction along the west coast, and produces and distributes aggregate materials to support construction projects primarily in northern California. www.gecapital.com
Chet Morrison Contractors hired industry veteran Metin Gezer as Vice President of Land Construction Services. Gezer is one of several recent leadership additions who will provide support and infrastructure to foster the growth of the company’s construction services for both onshore and marine environments. Gezer brings over 25 years of planning and operations experience in the oil and gas industry, both domestically and internationally, and has a background in midstream, refining
ABG Shipyard Ltd has bagged a repeat order for construction projects from Sea Tankers Management Company Ltd. The company would construct six anchor handling tug vessels each for a price of $9.99m aggregating $59.94m, for Sea Tankers, a part of John Fredriksen's Group. The six vessels will be delivered at an interval of three months each beginning from December 2007, and ending March 2009. With this repeat order for six more vessels the company has an order for total 12 vessels from Sea
The Panama Canal Authority (ACP) officially began reviewing bids for the first construction project under the Canal's expansion program on last Friday, July 6. Submissions to perform the dry excavation of the new Pacific Locks access channel will be thoroughly reviewed and a winner will be determined in the coming weeks. In a ceremony, the ACP opened each bid submission. After reviewing them, the proposal that meets all of the project's criteria and needs, with the best price
The two-year commitment is planned to begin in January 2009 and expected to provide approximately $137 million in drilling revenues. The rig will be performing drilling services as well as assisting with various construction projects. Rowan Companies Inc. provides international and domestic contract drilling services and owns and operates a manufacturing division that produces equipment for the drilling, mining and timber industries.
Paper highlights how integrating structural steelwork and plant layout design can reduce project cost, risk and delivery time Aveva released ‘Bolting it all together,’ the latest in its series of business papers, which discusses how integrating structural steelwork and plant layout design can reduce project cost, risk and delivery time. The paper explores the considerable business advantage that EPCs and Shipbuilders, working on plant/offshore projects
Employment statistics, sales tax collections, large construction projects and other key economic indicators point to an accelerating recovery in many Gulf Coast communities damaged by hurricanes Katrina and Rita in 2005. Economic growth driven by construction and manufacturing in Pascagoula, Miss., and Lake Charles, La., parallels the aggressive recovery patterns that most regions encounter following a major natural disaster
Sonsub Inc. recently signed a 3 year charter agreement with Otto Candies, LLC for a New Build IMR Construction Vessel. The yet to be named 280ft, Class II DP Vessel includes a 100T tele-knuckle boom crane, a 20’ X 25’ moon pool, accommodations for 66 personnel, and outfitted with one or two 200Hp Innovator ROV systems depending upon the project and client requirements. The vessel will be the first and only US flagged vessel in the GOM capable of supporting subsea construction projects in
Global Industries, Ltd. (NASDAQ:GLBL) announced today that it has entered into an exclusive agreement with Fluor Offshore Solutions, a division of Fluor Corporation (NYSE:FLR), to pursue offshore projects in the Middle East and North Africa (MENA) region. The exclusive agreement, which will build on the combined 60 years of offshore experience of both companies, will jointly market and perform offshore construction projects for the oil and gas industry within the MENA region
Thomas Jelenić has been named Senior Ports and Marine Manager in the Los Angeles office of Parsons Brinckerhoff, a global infrastructure strategic consulting, engineering and program/construction management organization. In his new position, Mr. Jelenić is responsible for leading and supporting port environmental planning and design projects as well as helping to expand the firm’s ports practice in California
The engineering and technology group SENER has opened a division in India with offices in New Delhi, Bengaluru and Chennai. This new geographical location responds to SENER’s globalization strategy and follows the development of previous engineering and construction projects in the country
Representatives of Mammoet and other Dutch companies visited Tanzania to explore potential construction projects and investment opportunities in the East African country which has impressive growth rates and large stocks of underseas gas it is looking to develop.
China shipbuilder and repairer COSCO group in its financial report for year ending 31, December 2013, informs that operating conditions for most of 2013 continued to be difficult. The Group’s turnover was $3.5 billion, lower by 6% from $3.7 billion for the year before
Counsel to the U.S. Federal Maritime Commission informs that Commissioner William P. Doyle has recently surveyed the construction site on a visit to the Pacific-side of the expanded Panama Canal. Doyle viewed construction sites on the Pacific side and received extensive updates on several
After a 5,233 nautical mile tow of the ocean crane barge Thomas W from Long Beach, California through the Panama Canal, the Miss Lis reached its destination in the Hudson River, New York. The journey took 52 days. Tug and tow departed Long Beach during the first full week of August and arrived in
Edison Chouest Offshore and Island Offshore are ordering two new OCV vessels through the company Island Ventures II LLC. One vessel will be built at Ulstein Verft, Norway, and the other in the United States. Constructing at Ulstein Verft
The Bayonne Bridge is undergoing a major construction project and special care is required to avoid ship allisions, including ship antenna strikes similar to those that occurred in the past, which may cause severe property damage or loss of life.
Mitsui Engineering & Shipbuilding Co., Ltd. (MES) president Takao Tanaka delivered a New Year message in which he comments on future market directions and developments as related to MES as well as the industry as a whole. Tanaka outlined his company’s approach to stabilizing profits
Responding to the Great Lakes and Mississippi River Interbasin Study report released today by the U.S. Army Corps of Engineers, American Waterways Operators (AWO) President & CEO Tom Allegretti reiterated the tugboat, towboat and barge industry’s understanding of the need to prevent the
Upon review of the Consolidated Appropriations Act of 2014, Waterways Council, Inc. (WCI) is pleased with the FY 2014 Energy & Water Development Appropriations funding level of $5.467 billion, a $748 million increase over the FY 2013 post-sequester enacted level.
Vigor Fab has been awarded a contract by Tidewater Barge Lines of Vancouver, Wash, to construct 3 new tugboats. Construction of the first tug will start on Jan. 24, 2014, with the keel laying (the formal recognition of the start of a ship’s construction) at Vigor’s facility in
Port Everglades will begin the renovation for its sixth cruise terminal in five years this spring as Terminal 4 is modernized through an expansion and reconfiguration effort that will provide the cruise line industry with a modern dual flow facility just in time for the 2014/2015 cruise season
After an intensive search of over two years, the insolvency administrator, Berthold Brinkmann, has found a strategic investor for the renowned Sietas Shipyard in Hamburg: Pella Shipyard from Otradnoye near St. Petersburg, Russia is taking over the company as of March 10, 2014
Wärtsilä Corporation has published its annual financial report for the year 2013, and President & CEO Björn Rosengren introduces it with the following message to shareholders, excerpted as follows: "For Wärtsilä
With Canada’s largest permanent Gantry Crane now safely offloaded at its new North Shore location, Seaspan announced today it has partnered with the North Vancouver School District (NVSD) to conduct an official “Crane Naming Contest.”