BIDCO Acquires A.J. Brothers Marine Construction

Tuesday, May 22, 2001
On April 26 Buffalo Industrial Diving Company, Inc. (BIDCO) of Buffalo, N.Y., completed its acquisition of A.J. Brothers Marine Construction, Inc. a fixture in the Eastern Great Lakes marine construction field. The combined assets will continue business under the name Buffalo Industrial Diving Company, Inc. The acquisition added eight tugs in various lengths up to 72 ft. and eight barges in lengths up to 150 ft. to BIDCO's existing vessel fleet. With its increased inventory of cranes, barges, vessels and other heavy construction equipment, BIDCO is poised to become a major contender in the Great Lakes marine construction arena. A.J. Brothers' former president, Wayne Miller, has joined BIDCO as vice president of marine construction and partner. The acquisition is part of BIDCO's continuing expansion program. The next will be a move to larger facilities in South Buffalo adjacent to the Buffalo River. This is expected to be completed in the next few months. The new facilities will feature additional office space and separate buildings for fabrication, equipment repair, and diving equipment storage. Also included will be docking and storage for the company's growing inventory of vessels, barges and support equipment.
Maritime Reporter August 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Finance

TEN Charters Tanker at 20% Premium

Tsakos Energy Navigation Limited announces two-year charter renewal at a 20 percent premium to prior contract reflecting strong tanker market fundamental, oil price

Brent Crude Falls More than 7 Percent

Brent crude futures tumbled more than 7 percent on Tuesday, falling back below $50 a barrel as data highlighting China's contracting manufacturing sector revived

Gunvor Emerges as Winner in Rosneft's Jumbo Oil Tender

Trading house Gunvor, which has been selling assets in Russia, has again emerged as the winner of a semi-annual Rosneft tender, traders said on Tuesday.   They said Gunvor would lift from 200,

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Naval Architecture Navigation Pipelines Pod Propulsion Port Authority Ship Electronics
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.3593 sec (3 req/sec)