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 Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter June 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Finance

Oil Up on US Crude Draw; Brent Back Above $50

Oil prices surged 4 percent on Wednesday, with Brent settling above the psychological $50 a barrel mark, after a larger-than-expected drawdown in U.S. crude inventories.

Baltic Index Rises on Greater Vessel Demand

The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, rose on Wednesday, boosted by demand that is driving rates up across vessel segments.

CMA CGM Crosses 91.05% Ownership Threshold of NOL

CMA CGM S.A has crossed the compulsory acquisition ownership threshold in Neptune Orient Lines Limited (NOL).    Following its all-cash voluntary conditional

 
 
Maritime Careers / Shipboard Positions Maritime Security Navigation Pipelines Port Authority Ship Repair Ship Simulators Shipbuilding / Vessel Construction Sonar Winch
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: 0.0673 sec (15 req/sec)