Industrial Services News

VINCI Energies has expanded its industrial activities into a new market segment in the Netherlands with the acquisition of RH Marine and Bakker Sliedrecht, a group of two companies specializing in the maritime sector.By joining VINCI Energies’ network of companies, RH Marine and Bakker Sliedrecht are helping to enhance the division’s offering in the industrial services market and strengthen its presence in the Netherlands.Founded in 1860, RH Marine is a system integrator that…

A 300-acre property along the Mississippi River in Herculaneum, Missouri recently received Port District zoning making way for redevelopment as an intermodal transportation hub and industrial park.Located on the shipping lanes of the Mississippi River, the site has been utilized since the 1700s as a port. With its easy access for barge loading and offloading and the site’s proximity to early lead mines in adjacent Washington County, under early French ownership the port was utilized to ship lead cannonballs and shot to Europe to support Napolean’s army.

Hornblower Group on Monday announced the promotions of several key members of its leadership team.“These changes within the leadership team represent a significant milestone for Hornblower Group as we forge ahead in working toward our company’s ambitions goals,” said Kevin Rabbitt, Chief Executive Officer for Hornblower Group. “I have full confidence that this group, with their impressive backgrounds and extensive industry knowledge, will significantly contribute to supporting our company's overall business strategy and lead us toward a successful future.

Philly Shipyard said it has reached a deal with Avalotis Corporation affiliate  Avalotis Industrial Services (AIS) for the transfer of operations of the shipbuilder’s Prime Plate Facility – a steel blasting and priming facility located outside the shipyard fence-line in the Navy Yard business park. Effective February 1, 2023, AIS assumed full operational control of this facility while servicing all of Philly Shipyard’s plate priming requirements for its shipbuilding, repair, and miscellaneous fabrication activities.The Prime Plate Facility receives plates from the steel mill…

Hornblower Group announced Monday that Adam C. Peakes has joined the company as executive vice president and chief financial officer. Peakes will report to Kevin Rabbitt, chief executive officer, Hornblower Group.As Hornblower Group’s CFO, Peakes will oversee the company’s global shared services functions of finance and accounting, human resources, information technology and marine operations.“I am excited to welcome Adam to the Hornblower family and work with him as a trusted partner,” said Kevin Rabbitt, chief executive officer, Hornblower Group.

The Public Investment Fund, Saudi Arabia's sovereign wealth fund, and COSCO SHIPPING Ports Ltd have completed a deal to buy a combined 21.2% stake in Red Sea Gateway Terminal Ltd from Saudi Industrial Services Co (SISCO).SISCO will receive gross proceeds of 556.5 million riyals ($148 million) for the deal, it said in a statement.The proceeds will support the company’s strategic objectives of enhancing shareholder returns and optimizing its portfolio, it said.LogiPoint also divested its 4% direct equity stake in the terminal and will receive gross proceeds of 105 million riyals, it said.JPMorga

UAE shipbuilder Grandweld Shipyards reports it has delivered four crew boats for Saudi-based offshore oil and gas services provider High Seas Marine Industrial Services Co. (HSM).The newbuilds were handed over within a span of 14 months, despite the numerous challenges of the pandemic. They will be used to support HSM client Saudi Aramco.Grandweld said the newbuild project involved design specifications unlike existing market requirements, leading the shipyard to tackle several design challenges such as the use of a different kind of block…

Positioned to expand both its geographic reach and service capacity, the MSHS Group announced a partnership with MPE to accelerate a strategic long-range expansion plan. MSHS Group’s growth plans include broadening its reach in the marine and energy industries with new locations, serving new market segments, and expanding its product and service offerings. The companies specialize in the integration of equipment, services, and control systems for customers in the marine, industrial, government, and commercial segments throughout the world.MSHS Group CEO, David A.

Ship repair yard Guam Shipyard will pay nearly $70,000 and take measures to improve its facilities following multiple pollution violations discovered by the U.S. Environmental Protection Agency (EPA) in 2018.The EPA said on Tuesday its settlement with Guam Industrial Services, Inc., doing business as Guam Shipyard, includes a $68,388 penalty as well as mandatory installation of preventative measures to reduce the discharge of stormwater pollutants into Apra Harbor.Guam Shipyard operates a ship repair facility on Cabras Island in Piti…

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 $41.50 apiece, a premium of about 14% to the company’s closing stock price on Friday, and a premium of approximately 31% over the 90-calendar day volume weighted average price.The agreement was approved by SEACOR’s board of directors and they recommend that SEACOR stockholders tender their shares in the offer.The deal is expected to close by the end of the first quarter of 2021.

Dredging contractor Callan Marine announced it has hired Matt Sitka as the Galveston, Texas-based company's new chief financial officer.A 15-year veteran of the industrial services, dredging, and marine construction industry, Sitka, CPA, MBA, brings experience in the petrochemical, refining, power generation, marine, public and government industries, in addition to four years in public accounting.“We are thrilled to have Matt on our team,” said Maxie McGuire, President of Callan Marine.

U.K. shipbuilder BAE Systems said it has awarded a further five contracts to suppliers worth more than £100 million ($129 million), as progress on the Type 26 frigate program continues apace at the company’s shipyards in Glasgow.More than £1 billion ($1.29 billion) has been invested across the program’s supply chain to date, with more than 100 suppliers globally.The contract awards come as construction on the final unit of the first Type 26 frigate, HMS Glasgow, begins. All 57…

The Regional Clean Sea Organization (RECSO), an oil industry co-operative organisation in the Middle East, has hosted First RECSO Enviro Spill Conference and Exhibition.In delivering the keynote speech at the opening ceremony, Abdulhakim A. Al-Gouhi, vice president of Industrial Services with Saudi Aramco, called on members to collaborate to protect the pristine Gulf environment through prevention, preparedness, and response.“We come together to demonstrate our unlimited commitment toward protecting the marine environment from any harmful effects of pollution, in general, and of oil spills in particular,” said Al-Gouhi.He noted that Saudi Aramco demonstrated its expertise in oil spill mitigation at the height of the Gulf War in 1991…

The international maritime shipping industry is increasingly using emission-reducing flue-gas desulfurization systems provided by Bilfinger, claimed the German engineering company.Following additional orders in recent months, the industrial services provider now has contracts for its scrubber technology with a value in excess of €100 million on its order books, said."This brings a total of 70 vessels belonging to national and international shipping companies in line with stricter future environmental requirements imposed by the International Maritime Organization (IMO) and the European Union," it added.Tom Blades, CEO of Bilfinger said: "Our scrubbers stand out for their low operating costs, excellent environmental performance and high system reliability.

Global alternative asset manager The Carlyle Group announces that it has agreed to acquire EnerMech Group Ltd, an international services company providing critical asset support to the energy, infrastructure and industrials sectors, from Lime Rock Partners.The transaction is expected to close in Q4 2018, subject to customary anti-trust and regulatory approvals.Equity for this investment will come from Carlyle International Energy Partners (CIEP), a $2.5 billion fund that invests in the global oil and gas sector outside North America. The Fund’s mandate includes exploration & production, mid-stream, downstream and oil field services.

Issued at the National Quality Steering Committee (NQSC) meeting on July 31, 2018, the American Waterway Operators (AWO) and the U.S. Coast Guard (USCG) issued their annual report that benchmarks and further serves as the annual safety report card for the domestic towing industry. This year, it comes at a particularly timely moment, just on the heels of the deadline for the so-called ‘subchapter M’ towboat rules.The NQSC uses three measures to track overall trends in safety and environmental protection. These useful indicators of towing industry trends include (a.) Crew fatalities per 100,000 towing industry workers, (b.) Gallons of oil spilled from tank barges per million gallons transported, and (c.) The number and severity of towing vessel casualties.

Portland, Oregon-based Vanport Marine, Inc. has been awarded the contract to perform the Dockside Repair of the USCGC Bluebell. The scope of the contract includes upgrades to the Allied buoy and cargo crane, deck preservation, repairs to the weather tight doors, renewal of the sewage shore tie valve, and repair of the remote fuel cutoff valve and deck box. The work will be completed at the vessel’s home pier at 676 N. Basin Ave, Portland, OR. The performance period will begin on June 12, 2018 and end July 18, 2018. The cutter Bluebell is an inland buoy tender built by the Birchfield Boiler Co. in Tacoma, Wash., and was commissioned April 4, 1945.

Norwegian shipowner Ocean Yield ASA took delivery of newly-built handysize dry bulk vessel "La Fresnais" and "Interlink Amenity". In press release, Ocean Yield said that it took the delivery of the 2018 built handysize dry bulk vessel "La Fresnais" on April 10. Upon delivery the vessel commenced a 12 years' bareboat charter to a company owned and guaranteed by Louis Dreyfus Armateurs Group (LDA). LDA is a French family group engaged in maritime transportation and services and founded more than 160 years ago. The group is a major player of dry bulk, marine and port logistics, transportation of heavy and specialized cargoes, in addition to having diversified activities in marine industrial services such as submarine cable laying and marine renewable energies.

Norwegian shipowner  Ocean Yield announced that 100% owned subsidiaries of the Company has agreed to acquire two 2018 built handysize dry bulk vessels with 12-year bareboat charters to companies owned and guaranteed by Louis Dreyfus Armateurs Group (LDA). The net cash purchase price is USD 18 million per vessel after a seller's credit. Both vessels are expected to be delivered to the Company during March 2018. LDA has options to acquire the vessels during the charter period, with the first purchase option exercisable after five years in addition to an obligation to repurchase the vessels at the end of year 12. LDA is a French family group engaged in maritime transportation and services and founded more than 160 years ago.

A new concrete floating dry dock has been launched by Singapore marine engineering company GL Engineering & Construction Pte Ltd (GL E&C). Built in Batam, Indonesia with a local subcontractor, the $12 million dry dock named Peleke Nui has been commissioned by an American company, Marisco Limited. for the construction, maintenance as well as repair of ships and naval crafts, serving international clients from the owner’s base in Hawaii. According to Lim Sing Tian, Managing Director of GL Engineering & Construction Pte Ltd…

Southeast Asia’s largest concrete floating dry dock has been launched by Singapore’s marine engineering company, GL Engineering & Construction Pte Ltd (GL E&C). Built in Batam, Indonesia with a local sub-contractor, the dry dock named ‘Peleke Nui’ has been specially commissioned by an American company, Marisco Limited. Costing $12 million, the dry dock will be used for the construction, maintenance as well as repair of ships and naval crafts, serving international clients from the owner’s base in Hawaii, the United States of America.

LOUIS DREYFUS ARMATEURS Group (LDA) has signed a Memorandum of Understanding (MOU) with palm oil plantation company Golden Agri-Resources (GAR) to develop maritime logistics business opportunities in Indonesia. The MOU signed between GAR and LDA focuses on developing logistics in Indonesia for the next five years with planned acquisitions and investments amounting to around $100 million. In 2014, LDA and GAR established a joint venture company dedicated to transport LDA and GAR cargoes within Indonesian waters. In 2016, this JV transported 4,500,000 metric tons of various cargoes. “This new step in our partnership with GAR confirms LDA’s strategy to keep strong links with Indonesia where our Group has been active for more than 25 years…

Two new coatings, Hempadur Quattro XO 17820 and 17870, are being introduced to increase the service life and reduce on-station maintenance requirements of offshore assets by leading worldwide coatings supplier Hempel. The new high-performance pure epoxy uni-primers presented today (9 January), combine excellent corrosion protection with construction flexibility. Hempadur Quattro XO 17820 / 17870 are part of a series of two-component epoxy primer coatings which provide advanced crack resistance using Hempel’s patented fibre technology. They can be applied in immersed and non-immersed areas of any offshore asset, from offshore platforms and drilling rigs through to support vessels.