Company & People News
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President Trump Appoints Kaiser, Owen to Mississippi River Commission

President Donald Trump recently appointed Maj. Gen. Richard G. Kaiser as the president of the Mississippi River Commission and Col. Paul E. Owen as a member of the commission. Commission appointments...

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Arcadis Wins Contract for Seawall Resiliency Project to Protect Waterfront of San Francisco

Arcadis (EURONEXT: ARCAD), the leading global design and consultancy firm for natural and built assets, today announced that the Port of San Francisco has selected CH2M in partnership with Arcadis to...

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Weeks Marine Finds Growth and Diversification in the Expanding Coastal Restoration and LNG Markets

A proliferation of coastal restoration projects and LNG facilities has reinvigorated Weeks Marine Inc.’s decades-long presence along the Gulf Coast. Its strategically placed equipment yards and...

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HHLA Enjoys Recovery in Hamburg Trade

Hamburger Hafen Und Logistik AG (HHLA) has continued to increase its throughput, revenue and profit significantly against 2016.In the first nine months of 2017, its container throughput increased by...

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Former SBM Offshore Executives Admit FCPA Conspiracy

Two former executives of Dutch oil services company SBM Offshore NV pleaded guilty to bribing officials at Brazil’s Petrobras and two state-owned energy firms in Africa.Anthony Mace, 65, was SBM’s...

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DCI Nets Profit

Dredging Corporation of India Limited, under the administrative control of Ministry of Shipping, has ended up with Rs. 22.56-crore profit for half year on Sunday.Declaring its unaudited financial...

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UAE's NMDC Posts 9M 2017 Revenue Hike Despite 39% Net Profit Drop

The UAE's National Marine Dredging Company (NMDC) posted an increase in its nine-month (9M) revenues for 2017, which amounted to $272.2m (AED1bn). NMDC's 9M 2017 revenue amount is a 3% hike over...

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Slight Revenue Uptick for Boskalis

Royal Boskalis Westminster saw a slight increase in revenue in the third quarter of 2017, compared to the quarterly average reported for the first half of the year.Boskalis cited poor conditions in...

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Van Oord Optimises Fleet Though Data Analytics

Van Oord is reaping the operational benefits on its fleet of dredgers and heavy lift ships by analysing an increasing volume of data. It has developed systems for the collection, storage, processing...

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Great Lakes Dredge & Dock Corporation Releases Quarterly Earnings Results, Misses Estimates By $0.07 EPS

Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) announced its quarterly earnings data on Tuesday. The construction company reported ($0.08) earnings per share for the quarter, missing the...

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Orion Group Holdings Reports Third Quarter 2017 Results

Orion Group Holdings, Inc. (NYSE:ORN) (the “Company”), a leading specialty construction company, reported a net loss for the three months ended September 30, 2017, of $5.0 million, or ($0.18) diluted...

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GeoSea Takes Majority Stake in G-tec

GeoSea, the geotechnical and offshore solutions specialist of the DEME Group, announces it has acquired the majority of the shares (72,5 %) of G-tec, the Liege (Belgium) based contractor specialized...

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Bridger Steel Chooses to Expand Operations at Port of Kalama

Bridger Steel Inc., a premier metal manufacturer of panel systems for roofing, siding and interior applications, has signed a lease with the Port of Kalama for 30,000 square feet of office and...

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A.P. Møller - Mærsk A/S Grows Revenue and Underlying Profit in the Third Quarter of the Year

In Q3, the revenue of A.P. Møller - Mærsk A/S' continuing operations increased by 14% year on year driven by higher freight rates in Maersk Line. The underlying profit was USD 248m, with an...

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A Privatised Dredging Corporation is Advantage Ports on Pricing Front

The outcome of the recent winning bids shows that DCI had been taking advantage of the port trusts by taking up work on nomination basis at rates that were much higher than the market, said a major...