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
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
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 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.
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
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
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
GeoSea NV & Barge Master BV sign cooperation agreement to test and deploy the first S700/C400 Barge Master platform. Vessels equipped with a Barge Master platform are able to perform safer, quicker and under more adverse sea conditions. The S700/C400 Barge Master is a motion compensation platform that compensates up to 95% of sea-induced motions. The platform can be installed on a supply vessel or barge and has a payload capacity of 700 mT.
Bibby Offshore’s newest division, Bibby Remote Intervention Limited (BRIL) Recently increased its workforce following the creation of two new positions. David Howe joins the firm as project director and Robin Longstaff as survey manager.
Response personnel conduct inspections prior to Port Valdez, Alaska, stevedores shifting cargo to facilitate decontamination of the BBC Arizona's deck, June 7-8, 2013. Multiple containers stored on deck, each holding a plastic bladder filled with transformer oil
Towage and salvage specialist Multraship said it has further strengthened its multipurpose fleet with the addition of the ASD tug Multratug 20. Multraship has contracted with international broker and consultant DSB Offshore for the long-term bareboat charter of the 72-ton bollard-pull vessel
The Harbor Commissioner's Fiscal 2013-14 Budget Includes $399.9-million capital expenditure to improve cargo flow and dfficiency. The Los Angeles Harbor Commission has adopted a 2013-14 fiscal year (FY) budget of approximately $1.1 billion for the Port of Los Angeles
The U.S. Department of Transportations (DOT) Deputy Maritime Administrator Paul Chip Jaenichen visited the Port of New Orleans to tour the site. The site of planned infrastructure improvements was made possible through a US$16.7 million DOT TIGER (Transportation Investment Generating Economic
The engineering and technology group SENER has opened an office in São Paulo, Brazil. SENER thus establishes an operating and permanent division in this Latin American country, made up of about 300 Brazilian professionals specialized in engineering and construction that will carry out
N-SEA charters DP2 DSV 'Northern River' from Serco’s Marine Services for the 2013 season, equipped for its expansion in the subsea IMR market. N-SEA will install a compliment of ROV's onboard including a high powered WROV and 2 SubAtlantic Mohican Inspection class ROV’s and
Mitsubishi Heavy Industries (MHI) and Imabari Shipbuilding jointly establish the MI LNG Company, Limited. Through establishment of the JV, the two companies aim to proactively prepare a structure capable of responding to large-scale LNG carrier construction projects
The American Waterways Operators, the national trade association representing the country's tugboat, towboat and barge operators, announced its strong support for the Reinvesting in Vital Economic Rivers and Waterways (RIVER) Act of 2013, introduced by U.S. Senator Bob Casey (D-PA)
New addition to the AVEVA Enterprise Resource Management product family offers fast, multi-disciplinary creation and maintenance of accurate Plant and Marine catalogue information. AVEVA has announced the launch of AVEVA Catalogue Manager, a ground-breaking new product set
The Wind Turbine Installation Vessel Windcarrier 2 has been delivered to Fred Olson from Lamprell's Jebel Ali UAE facility. Completion and delivery o f the vessel, five months after the delivery of its sister vessel, the Windcarrier 1 "Brave Tern"
In a special meeting called to consider this proposal, the Executive Committee of Waterways Council, Inc. unanimously voted to support The Reinvesting in Vital Economic Rivers and Waterways (RIVER) Act of 2013, has announced by its sponsor, Senator Bob Casey (D-PA).
The Executive Committee of Waterways Council unanimously support 'The Reinvesting in Vital Economic Rivers & Waterways (River) Act of 2013'. The plan, introduced in Pittsburgh -- where some of the most aged locks and dams reside -- would establish a sustainable
Boat builder Alnmaritec launched the latest of its windfarm support vessels (WFSV) recently for long time client North Sea Logistics. The 19m Wave Captain class boat is powered by 2 x 880bhp Doosan engines and reaches over 25 knots. She has demonstrated exceptional sea keeping characteristics
Running a ship repair business in the U.S. is anything but simple, with the unexpected being the norm and a cavalcade of new regulations. But Richard Bludworth has a penchant for turning the difficult simple. A staple in the Gulf of Mexico, Bludworth Marine LLC was founded by Richard