OPIC Awards Ellicott for Dredge Work in Iraq

MarineLink.com
Wednesday, March 12, 2014
Congressman Mark Meadows (NC) and Ellicott's Peter Bowe

In a ceremony at the U.S. Chamber of Commerce, the Overseas Private Investment Corporation’s (OPIC) President and Chief Executive Officer Elizabeth L. Littlefield presented Ellicott Dredge Enterprises, LLC and its Ellicott Dredges LLC entity with OPIC’s inaugural “Impact Award” for Ellicott’s work in Iraq. Ellicott was one of only eight organizations across the country receiving this award from OPIC, the U.S. Government’s development finance institution. With the assistance of political risk insurance from OPIC, Ellicott was able to secure contracts in Iraq supplying dredges to de-silt hydroelectric dams as well as to improve flood control on the Tigris and Euphrates Rivers and to improve irrigation canals.

U.S. Congressman Mark Meadows (N.C.) joined Littlefield in making the presentation to Ellicott’s President and CEO Peter Bowe.

Congressman Meadows enthused about Ellicott, “When Ellicott was founded in 1885, Grover Cleveland was president of the U.S. Since building all of the dredges used to construct the Panama Canal, Ellicott has performed projects and created jobs in almost every conceivable way: small dredges, large dredges, domestic sales, exports, long-term projects, disaster response, parts and maintenance, design innovations, patents, factories in the U.S., factories abroad. Ellicott Dredges has built itself to become one of the oldest and most successful dredging equipment companies in the world.”

He continued, “This is a durable and versatile company. It can handle the tough jobs. Ellicott exemplifies the American entrepreneurial spirit—the optimism, the vision, and the tenacity of pioneers.”

Ellicott’s Peter Bowe noted that the Company was thrilled to receive this recognition from the U.S. Government, and pleased to be included amongst such a distinguished group of award recipients.

OPIC selected the Impact Award winners through a rigorous process including criteria of work sectors or regions, innovation in overcoming obstacles, risk mitigation practice, quality of results and development impact. In all, OPIC presented awards in six categories: U.S. Small Business, Renewable Resources, Development Impact, Critical Infrastructure, Private Equity and Access to Finance. The event was co-sponsored by the U.S. Chamber of Commerce.

OPIC mobilizes private capital to help solve critical development challenges and in doing so, advances U.S. foreign policy. Established as an agency of the U.S. Government in 1971, OPIC operates on a self-sustaining basis at no net cost to American taxpayers.
 

  • A Series 670 Dragon used for canal cleaning in Iraq

    A Series 670 Dragon used for canal cleaning in Iraq

Maritime Today


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

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

People & Company News

Furuno Establishes China Subsidiary

FURUNO ELECTRIC CO., LTD. announced that its new subsidiary in Hong Kong has been established and has commenced business operation on February 1, 2016.   The new subsidiary, FURUNO CHINA CO.

Edison Chouest Opening Mississippi Shipyard

Edison Chouest Offshore locating shipbuilding operations, TopShip, LLC, in Gulfport, Miss.   Gov. Phil Bryant and officials from Edison Chouest Offshore, an offshore

R&M Group Merges with Sea Level Marine

R&M Ship Technologies USA, Inc. has merged Sea Level Marine, LLC. in efforts to increase the range of services offered to the company’s global client base. By aligning resources,

News

CMA CGM Increases Port Calls and TEU Capacity

French container line CMA CGM has announced imminent changes to its PCRF line service which links Northern Europe with the French West Indies, by adding two new

China's LNG Demand Falls

China's import of  liquefied natural gas (LNG) fell 1.1% in 2015, marking the first year-on-year decline since imports began in 2006, according to a report by

Furuno Establishes China Subsidiary

FURUNO ELECTRIC CO., LTD. announced that its new subsidiary in Hong Kong has been established and has commenced business operation on February 1, 2016.   The new subsidiary, FURUNO CHINA CO.

Government Update

N.Korean Navy Incursion Draws Warning Shots

A North Korean patrol boat crossed into South Korean waters early on Monday and retreated after the South Korean navy fired warning shots, a South Korean military official said.

Three Dead on Pemex Platform, Fire Under Control

Three workers were killed and at least seven injured when a fire broke out on a Pemex oil processing platform in the Gulf of Mexico, but the latest in a string of incidents is now under control,

Norway will be Lithuania's 2016 Top Gas Supplier

Lithuania will import more gas from Norway than from former sole supplier Russia in 2016 after developing infrastructure to support liquefied natural gas (LNG) imports,

Middle East

Canada Says Lifting Some Sanctions Against Iran

The Canadian government said on Friday it was lifting some sanctions against Iran, including the broad ban on financial services, imports and exports, making Canadian

Cepsa Resumes Iranian Oil Supplies to Spain

Spanish refiner Cepsa will ship a 1-million barrel cargo of Iranian oil to its refineries, according to vessel agents' data and market players' information on Wednesday.

Wilhelmsen Ships Service: Mastering Complex Logistics

From racing boats to steel pipelines, windmill blades to massive hydraulic hammers, Wilhelmsen Ships Service (WSS) says its personnel in the Middle East can move just about anything, anywhere.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Naval Architecture Navigation Offshore Oil Pipelines Port Authority Salvage Ship Simulators
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: 0.1145 sec (9 req/sec)