Company & People News
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Weir Announces US$1,285M Acquisition Of ESCO Corporation And Intention To Sell Flow Control Division

Weir has entered into a binding agreement to acquire ESCO Corporation (“ESCO”), a US company based in Portland, Oregon, for an equity value of US$1,051m and an estimated enterprise value of US$1,285m....

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MEDCO Awarded Dredging, Reclamation and Marine Works for Gewan Island

United Development Company (UDC), one of the largest Qatari shareholding companies and master developer of The Pearl-Qatar, has signed three contracts worth QR 334 million for the development of Gewan...

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Van Oord Announces Changes in Supervisory Board and publication of 2017 Annual Report

The General Meeting of Shareholders of Van Oord N.V. was held on 19 April 2018. During this meeting the 2017 Annual Report was presented and it was decided to change the composition of the Supervisory...

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The CMA CGM Group and Lekki Port LFTZ Enterprise Sign a Memorandum of Agreement to Operate Lekki Port’s Future Container Terminal

The CMA CGM Group, a world leader in maritime transport, and Lekki Port LFTZ Enterprise (LPLE), the promoters of Lekki Deep Sea Port, are pleased to announce the signing of a Memorandum of Agreement...

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Substructure Chosen for Cocheco River Survey Support

Substructure was chosen by the environmental dredging contractor to provide hydrograpahic survey support for a multi-phase navigation and environmental dredging project on the Cocheco River in New...

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UK’s Partrac Ltd. Launches its US Subsidiary, Partrac GeoMarine Inc.

Partrac Ltd., the Scottish-based Marine Survey and Coastal Consultancy group founded in 2003, is pleased to announce the launch of its US subsidiary, Partrac GeoMarine, Inc. The launch is timed to...

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Sobha to Launch $6.8B Umm Al Quwain Scheme by October

The chairman of real estate developer Sobha Group, PNC Menon, has said that the 25 billion UAE dirham ($6.8 billion) Firdaus Sobha planned for an island in the emirate of Umm Al Quwain will be...

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Abu Dhabi Ports Hosts First Work Safety Awards

In line with Abu Dhabi Ports’ commitment to promote adoption of international best practices for health, safety, and environment (HSE) in the workplace, the company hosted the first edition of its...

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Enterprise to Expand Terminal on Houston Ship Channel

United States

US-based Enterprise Products Partners has bought a 65-acre waterfront site on the Houston Ship Channel to facilitate its next phase of expansion at Enterprise Hydrocarbon Terminal (EHT) situated on...

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Hapag Llyod to Bring in New Business to Growing Mombasa Port

A leading global shipping line, Hapag – Llyod which is a multi-national German based transportation company, has began its operations to the port of Mombasa.Hapag Llyod is the world’s sixth largest...

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150th Anniversary Celebration for Van Oord Starts with the Naming of the First LNG Vessel

With a two-day event on the quay of the Biesboschhaven Zuid harbour in Werkendam, Van Oord will launch its first LNG-powered vessel: the Werkendam. To celebrate Van Oord’s 150th anniversary, this...

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Yilport Enters the Terminal Market in North America

Yilport Holding A.S., a subsidiary of Yildirim Group, has signed a letter of intent (LOI) with the Mississippi State Port Authority to allow for due diligence and negotiations regarding the potential...

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CHEC Signs Deal to Upgrade Ukraine's Black Sea Port

The Beijing-based China Harbor Engineering Company (CHEC) on Friday signed an agreement to implement a dredging project at Ukraine's southern Black Sea port of Chornomorsk. The deal was inked at the...

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Foth Acquires Assets of Massachusetts-Based CLE Engineering

The Foth Companies (Foth), a science and engineering consulting firm based in Green Bay, WI announced it has acquired the assets of CLE Engineering, Inc., an engineering consulting firm headquartered...

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DCI to go Ahead with Dredgeryard Project at Antarvedi

Dredging Corporation of India (DCI) Chairman and Managing Director Rajesh Tripathi on Wednesday said they would go ahead with their proposal to set up a repair, skill development and maintenance yard...