Seacor Marine completes debt refinancing and orders new ships

The PSVs will each have a tare weight of 4,650 kg, a 1,000 square meter deck, medium-speed diesel engines and an integrated battery energy storage system for greater fuel efficiency and lower operating costs. The SMFH Credit Facility 2024 consolidates Seacor Marine's debt structure into a single credit facility due in the fourth quarter of… Continue reading Seacor Marine completes debt refinancing and orders new ships

Shawmut Design and Construction is establishing a major projects division in the New York metropolitan area to drive strategic growth

New hires bring extensive experience in commercial, healthcare and large vertical projects as the company expands market share in an improving economic climate NEW YORK, December 2, 2024 /PRNewswire/ — Shawmut Design and Construction, a leading company 2 billion dollars The national construction management company today announced the expansion of its major projects division in… Continue reading Shawmut Design and Construction is establishing a major projects division in the New York metropolitan area to drive strategic growth

Petrobras launches FPSO bid for Sergipe

December 1, 2024 Source: Petrobras Petrobras has initiated a new contracting process for the construction of up to two FPSO-type oil production units for the Sergipe Deep Waters (SEAP) project in the Sergipe-Alagoas Basin. The contracting method is Build, Operate and Transfer (BOT), where the contractor is responsible for the design, construction, assembly… Continue reading Petrobras launches FPSO bid for Sergipe

The state wants to award $1 million in contracts for an electric vehicle charging network

Oklahoma is preparing to award a contract worth more than $1 million on Monday for the electric vehicle charging network mandated by the Biden administration. The State Transportation Commission will award the contracts to a number of successful bidders at its 11 a.m. meeting in Oklahoma City. The National Electric Vehicle Infrastructure or NEVI Charging… Continue reading The state wants to award $1 million in contracts for an electric vehicle charging network

“Many people use the service”

Imagine a world where you can get anywhere you need to go with a lightning-fast train. Thanks to several new development contracts worth $964 million signed in Morocco, the country is one step closer to making this world a reality, the International Railway Journal reported. Moroccan National Railways (ONCF) is splitting this investment between a… Continue reading “Many people use the service”

HS2 confirms rail system contract winners

HS2 has named the teams that will deliver the high-speed rail project's state-of-the-art track, signaling, communications and other systems. The “Rail Systems” contracts are signed after the statutory standstill period of 10 days has expired. It marks the start of a new phase of the project, which will see almost 140 miles of tunnels, bridges… Continue reading HS2 confirms rail system contract winners

OFCCP Restores Federal Contractors and Subcontractors' Monthly Employment Utilization Reports | Smaller

On November 25, 2024, the Office of Federal Contract Compliance Programs (OFCCP) announced the reinstatement of the revised Monthly Employment Utilization Report (CC-257). Employers with a federal construction contract or subcontract and/or a federally sponsored construction contract or subcontract valued at more than $10,000 must complete and submit monthly Form CC-257 reports to OFCCP. The… Continue reading OFCCP Restores Federal Contractors and Subcontractors' Monthly Employment Utilization Reports | Smaller