United States Marine, Inc., began the new year with a ribbon cutting ceremony at its new facility in Gulfport, Miss. As a result of the damage inflicted by hurricane Katrina to the New Orleans division, USMI relocated their facilities to Gulfport. The new facility has enabled USMI to resume normal production and service operations. The new facility is located at 10011 Lorraine Road in Gulfport. USMI plans to also return to the New Orleans facility as an added production facility once the infrastructure returns to eastern New Orleans. The actual ribbon cutting was performed by Tom Dreyfus, the Chairman and founder of USMI.
Trico Marine Services, Inc. announced that it has entered into a new $50 million revolving credit facility to refinance its previous $45 million credit facility. The new facility will mature on December 18, 2005, and is structured as a senior secured revolving credit facility. Proceeds from the facility will be used for working capital needs, capital expenditures and other general corporate purposes. The facility will be secured by mortgages on substantially all of the company's Gulf
CENTA Corporation (www.centa.info) is moving to a new facility in Aurora, IL effective October 15, 2007. The new building features over 23,000 sq. ft. for office, warehouse, and manufacturing & assembly space. Bob Lennon, CENTA Corporation’s Director of Sales and Marketing, says the new facility will help the company service the significant sales growth seen over the last several years, and will provide the room necessary for forecasted future growth
W&O, supplier of marine valves, pipe, fittings, engineered products and valve automation systems, is now incorporated in Canada and has opened a new facility in Vancouver, BC Canada. The new facility will directly service Canadian customers and support W&O’s overall growth in the Canadian maritime market. The new Vancouver facility and dedicated staff develop customized maritime solutions for ship owners/operators, shipyards and marine engineers
Grandweld Shipyards' new facility inaugurated in a ceremony at its location in Dubai Maritime City. Over the years, the company has experienced a rapid growth necessitating expansion to a larger facility. In 2011, Grandweld invested approximately AED 100 million to expand its manufacturing and production area to double its annual capacity. Spreading over 55,000sqm, Grandweld new state of the art facility offers a modern shipbuilding infrastructure; featuring 13
GE Oil & Gas today celebrated the ground-breaking of a new facility that will further expand its presence in the UAE in Jebel Ali Free Zone (Jafza). Scheduled to open in 2015, the new facility spreads over an area of 22,700 sqm and can accommodate over 300 employees. A milestone in the expansion of GE Oil & Gas in the country and the region, the new facility will offer services by GE Oil & Gas’ various business units, thus strengthening customer service standards
Shipping accountant Moore Stephens has continued its expansion in Russia by opening an office on Sakhalin Island in Russia's Far East. Martin Rix will move from Moore Stephens' Vladivostok office to set up the new facility, while Chris Chasty, a senior shipping partner of Moore Stephens London will be the responsible partner.
From early April ships visiting the Port of Falmouth will be able to use a brand new service to receive and recycle oil slops, thanks to a joint venture between ship-repair and conversion specialist A&P Falmouth and marine oil terminal operators, Falmouth Oil Services (FOS). The new facility is set to boost trade in the port, providing a valuable service to ships using the busy shipping lanes of the English Channel as well as facilitating faster turnaround on vessels in dry dock which
The Naval Facilities Engineering Command (NAVFAC) Pacific awarded Watts Constructors, LLC, of , a $46.9 million, firm-fixed-price contract on March 5 for construction of a new communications center at Naval Computer and Telecommunications Area Master Station (NCTAMS) Pacific. The work includes construction of a new single-story, steel framed building that will be equipped with raised floors, moveable interior walls, fire-suppression system, conference rooms, and emergency electrical power
A new ambient-temperature food examination facility has been formally opened at the Port of Felixstowe, the Port of Britain, by Transport Minister, Robert Goodwill MP. The £4 million investment included a major refurbishment and expansion of the examination facilities and the provision of new offices for Suffolk Coastal Port Health Authority. Commenting on the new facility, Robert Goodwill MP said:
Fifty years ago, OMEGA Engineering, Inc. was a small privately held company that was woman owned and operated. Today it's a global manufacturer and supplier of process measurement and control products, operating out of brand new world headquarters
ABS Chairman, President and CEO Christopher J. Wiernicki addressed attendees at the dedication ceremony for the new ABS Engineering Center at Stevens Institute of Technology on 17 November 2016, encouraging students to use these facilities to work toward solving industry challenges.
Lifting and marine product specialist Rigmarine has opened its fourth global facility in the rural village of Insch, 30 miles to the northwest of Aberdeen, Scotland. The site, strategically positioned to serve the offshore oil and gas, renewables, construction, break bulk
London Thamesport has signed an agreement with UK shipping agent and logistics company The Armitt Group for a purpose-built, 120,000 square feet specialist steel handling facility at the Kent port. Construction of the first phase of 60,000 square feet is well underway
Four major Japanese shipbuilders are in discussions to form an alliance in hopes of riding out the industry slump. Mitsubishi Heavy Industries, Ltd. (MHI) announced in a press release today that it has entered talks with Imabari Shipbuilding Co., Ltd., Oshima Shipbuilding Co., Ltd
Abu Dhabi Ship Building PJSC (ADSB) has commissioned its first floating drydock located in Mina Zayed as the company looks to expand its commercial service offering. “The addition of the floating drydock contributes to our commitment to expand our service offering
Safe navigation is a priority operating principle for the UK’s largest energy Port, the Port of Milford Haven. And earlier this week the Port demonstrated that commitment with the unveiling of its new, state of the art marine navigation simulator.
Plans to develop South Carolina’s second inland port in Dillon were announced by the South Carolina Ports Authority (SCPA) in a move that aims to support growth of intermodal container volumes and expand access to markets in neighboring states and throughout the Northeast and Midwest
The Kipevu Oil Terminal at Mombasa Port will be relocated early next year, to Dongo Kundu area, as a result of the ongoing capacity expansion program, the Kenya Ports Authority announced. The new oil terminal is expected to have a capacity to accommodate four vessels of up to 200,000 DWT
Toll Group announced it is investing $170 million to build two new ships to support trade between Victoria and Tasmania and to meet the demands of continued growth. The new, purpose-built ships, operating between Burnie, Tasmania and Melbourne, Victoria
Jotun, coating solutions to the global marine fleet, recorded sales of NOK 10.9 billion and an operating profit of NOK 1.7 billion in tn the first eight months of 2016. To help secure long-term growth, the company continues to pursue investments in new production capacity and
BAE Systems welcomed the Right Honorable Sir Michael Fallon MP, Secretary of State for Defense to Barrow-in-Furness shipyard to press a button, commencing the first metal-cut for the Successor program. The secretary of State's visit follows a recent U.K
Developers of a new shipyard in Saudi Arabia say the facility will be the largest maritime yard in the world providing a range of services, including large shipbuilding, large ship repair, offshore rigs fabrication and offshore support vessel repair.
International Container Terminal Services, Inc. (ICTSI) formally opened the first phase of its new greenfield terminal development at its Basra Gateway Terminal in the North Port, Umm Qasr, Iraq. The official inauguration of the new facility marks the implementation of the first entirely
Lind Marine, a Petaluma, Calif. dredging contractor which provides tug and barge services throughout the San Francisco Bay area, has acquired Moose Boats, an aluminum commercial boat building company. Lind Marine currently operates a five-acre shipyard including a 430ft dry-dock and 1