Inland Dredging Company helps keep commerce flowing on America’s inland waterway system.Dyersburg, Tenn. based Inland Dredging Company completed dredging projects spanning eight states and across four U.S. Army Corps of Engineers Districts. Beginning in July and finishing in December (2019), Inland Dredging crews dredged ports and harbors along the Mighty Mississippi River, Ouachita River
Nearly 200 towing vessels and 600 barges are queued on the Intracoastal Waterway while salvors work to clear a halved and partially sunken rock barge near Berwick, La., the U.S. Coast Guard said.A section of waterway has been closed since Sunday night, when a towing vessel pushing six rock-filled hopper barges ran aground at mile marker 99.
South Korean shipbuilding giant Hyundai Heavy Industries (HHI) has secured orders for a total of six liquefied natural gas (LNG) carriers from European and Asian shipowners, totaling $1.13 billion.The ships - four LNG carriers for a European client and two others for an Asian shipping company - will be installed with a dual-fuel propulsion system to enhance efficiency and reduce toxic gas
The offshore wind industry in the United States is growing exponentially, with multiple projects in the development stages off of the Atlantic coast. The total megawatt capacity of U.S. offshore wind farms is anticipated to reach 22,000 by 2030 and 43,000 by 2050. To support this growth, U.S. Department of Energy reports estimate over 40,000 new jobs will be created by 2030.
Niels Aalund was elected at the 93rd International Convention and Conference in New Orleans on October 17th.New Orleans, LA: Prominent maritime industry stakeholder Niels Aalund has been elected President of the International Propeller Club. Mr. Aalund will serve a two-year term, commencing from October 17th.
More than 300 executives from the maritime industry, government and academia filled the conference hall at SUNY Maritime as the State University of New York Maritime College and the Maritime Industry Museum at Fort Schuyler jointly hosted "Offshore Wind Power: Planning For America’s Ocean Energy" today in New York.
The Greek seaborne shipping and logistics company Navios Maritime Holdings sold its ship management division and certain general partnership interests to N Shipmanagement Acquisition Corp. (NSAC), affiliated with company’s chairman and chief executive officer, Angeliki Frangou.The provider of transport and transshipment of drybulk commodities received aggregate consideration of $20.
Eagle Bulk Shipping announced a $100 million convertible note offering in a private placement to qualified institutional buyers.Eagle Bulk intends to use the net proceeds from the offering to fund a portion of the aggregate purchase price of up to six modern high-specification Ultramax vessels and for general corporate purposes, including working capital.
South Korean shipbuilding conglomerate Hyundai Heavy Industries (HHI) Group has officially started the process to earn approval from anti-trust regulators for its proposed takeover of Daewoo Shipbuilding and Marine Engineering Co. (DSME).HHI has submitted a request for the formal approval from the South Korea’s Fair Trade Commission (FTC), as well as from antitrust authorities in Japan, China
The Norwegian Continental Shelf’s journey from the very first basic marinized subsea trees to today’s complex and sophisticated subsea processing equipment has been a rapid, at times turbulent, but always remarkable.There are many engineers who have seen through that journey, from the first exploration wells using Norwegian rigs in the mid-1970s to today.
Screening installation Marine Aggregate Dredger (MAD) 3500 has been fully assembled at the Damen Dredging yard.Last week the completion of the assembly of the screening installation of the CEMEX Go Innovation was celebrated at the Damen Dredging yard. The screening installation is designed for the aggregate dredger type MAD3500 currently under construction.
Hyundai Heavy Industries (HHI) Group and Korea Development Bank (KDB) signed on Friday a definitive agreement to acquire Daewoo Shipbuilding & Marine Engineering (DSME), in the presence of Kwon Oh-gap, Vice Chairman & CEO of HHI Holdings; Ka Sam-hyun, President & CEO of HHI; and Lee Dong-gull, Chairman & CEO of KDB.