Eastern Shipbuilding Group Launches Fourth Artificial Reef Competition for Welding Schools
Eastern Shipbuilding Group, Inc. (ESG) announced the launch of the fourth annual Eastern Shipbuilding Group Coastline Initiative. In partnership with the Bay County Artificial Reef Association (BCARA), the competition challenges students from local welding schools to design and construct artificial reefs that support coastal restoration and marine habitat preservation.Originally launched in Fall 2022, the initiative has built a strong legacy of community impact. Past competitions saw success…
MMA Offshore to Buy Rigs-to-Reefs Specialist Subcon for $8.4M
Australian offshore support vessel owner MMA Offshore has agreed to buy Perth-based Subcon, a company that provides innovative stabilization, coastal erosion, and engineered reef solutions to the oil and gas, offshore wind, coastal infrastructure, and tourism sectors.The total consideration for the transaction is $8.4 million comprising $4.2m cash and $4.2m in MMA ordinary shares."The acquisition is aligned with MMA’s purpose and strategy bringing a range of new environmental marine solutions within MMA’s capability…
