Modern American Recycling Services acquires World Marine facility

(MOBILE, Ala.) — Modern American Recycling Services Inc. (MARS), a leader in the scrap recycling industry, completed a transaction acquiring World Marine LLC on Jan. 22. The acquisition includes World Marine’s Alabama facility in Mobile, with over 4,400 feet of deepwater access on the Mobile River, as well as a Panamax-capacity floating dry dock.

The new location will be operated under the name Modern American Recycling & Repair Services LLC (MARRS). In addition to recycling services, the facility will continue to operate as a full-service shipyard.

By Professional Mariner Staff