Florida-based transportation and logistics firm SEACOR Holdings Inc announced Monday it has entered into a deal with private equity firm American Industrial Partners (AIP) to take the company private in an all-cash transaction valuing it at about $1 billion, including net debt.SEACOR said New York-based AIP will commence a tender offer to buy all its outstanding shares at $41.
The crew working to cut and lift sections of the capsized car carrier Golden Ray in Georgia's St. Simons Sound has resumed salvage efforts after suspending operations ahead of a tropical storm that traveled up the southern U.S. East Coast late last week.The team resumed operations to cut the first vessel section using the specialized heavy lift crane vessel VB 10
A specialized heavy-lift vessel departed the Port of Fernandina, Fla. Monday en route to Georgia's St. Simons Sound, where it will be used by salvage crews to cut and lift sections of the capsized car carrier Golden Ray.The U.S. flagged VB 10,000 is expected to reach the St. Simons Sound in the early hours on Tuesday and remain on scene for a minimum of eight weeks
The Port of Houston, the United States' largest energy export port, began reopening to commercial shipping on Thursday after a day-long closure due to Hurricane Laura, the U.S. Coast Guard said.Ports along the Texas and Louisiana coasts were closed as the Category 4 hurricane churned up the Gulf of Mexico and went ashore in Cameron, Louisiana, early Thursday.
Salvage operations to remove the overturned car carrier Golden Ray from St. Simons Sound in Georgia have resumed after work was paused due to coronavirus concerns and Hurricane Isaias.Due to the potential impact of the Hurricane to the St. Simons Sound area, the Unified Command (UC) response team implemented its Heavy Weather Plan which required the repositioning and securing of all response
Operations to remove the overturned car carrier Golden Ray in St. Simons Sound, Ga. have been suspended due to a coronavirus outbreak among responders and safety risks relating to hurricane season, the wreck removal unified command team announced Friday.To date, 10 responders have tested positive for COVID-19 and more than 50 responders, out of approximately 300 personnel
The twin-hull heavy lift vessel VB-10,000 moored at the Port of Fernandina, Fla., July 3, 2020, for final modifications and function checks prior to heading to St. Simons Sound in early to mid-July. The two 255-foot tall gantries will use lengths of chain to cut the capsized RoRo vessel Golden Ray into eight pieces and lift them onto barges for eventual transportation to Louisiana for recycling.
A salvage plan is being developed to refloat a barge that went aground in the lower St. Marys River, near Sweets Point, Mich.At 12:30 a.m. Wednesday, the U.S. Coast Guard Sector Sault Sainte Marie Command Center received notification that the 302-foot barge PML2501 towed by the 132-foot towing vessel Anglian Lady grounded in the lower St. Marys River.
T&T Salvage installed the final lifting lug on the M/V Golden Ray, a roll-on, roll-off vessel that ran aground and overturned near the Port of Brunswick in Georgia in September.The 16 lugs welded to the frame of the Korean-owned car carrier will provide connection points for the 255-foot tall Versabar VB 10
Salvors are continuing work to remove the wreck of a South Korean car carrier vessel that ran aground and overturned near Brunswick, Ga. in September 2019.Last week, unified command contractors started driving the first of 70-80 piles that will be used to hold an environmental protection barrier (EPB) in place around the MV Golden Ray wreck in St.
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
The U.S. Coast Guard and local agencies are searching for three crew members missing following a collision between two towing vessels on the Mississippi River at mile marker 123, near Luling, La., Sunday.The Coast Guard said its watchstanders in New Orleans were alerted at 5:37 a.m.