Company & People News/Dredge Mining
Article Image

Maersk Buying Performance Team in USD 545 Mln Deal

Denmark

A.P. Moller – Marsk is bolsterings its logistics and services with the acquisition of Performance Team, a US-based warehousing and distribution company.The value of the transaction is USD 545...

Article Image

Royal IHC Completes DFS Metallurgical Test Work For Nordic Mining’s Engebø Rutile And Garnet Project

Netherlands

Royal IHC has completed the metallurgical test work for Nordic Mining ASA (“Nordic Mining”) definitive feasibility study (“DFS”) for the Engebø Rutile and Garnet Project. IHC’s metallurgical test...

Article Image

AMELS and DAMEN launched 62.5-metre yacht

Netherlands

Yesterday the 62.5-metre AMELS 206 rolled out into brilliant sunshine, the first spring launch of the year for Dutch yacht builder AMELS and DAMEN. The yacht, from the AMELS Limited Editions range,...

Article Image

Tomini Shipping Registers on Norwegian OTC

United Arab Emirates

UAE-based ship owner and manager Tomini Shipping has registered on the Norwegian over-the-counter (OTC) market in Oslo. As informed, Tomini has entered into an agreement whereby it will be able to...

Article Image

DP World Returns to Full State Ownership, Takes on $8.1 Billion Debt

United Arab Emirates

DUBAI — Dubai is to take full control of port operator DP World in a deal with a $13.9 billion valuation that will help the company at the center of the emirate's 2009 debt crisis to repay...

Article Image

EIB signs loan agreement to support upgrade of Swedish port

Sweden

The European Investment Bank (EIB) has announced that it has signed a SEK445 million (€41.75 million) loan agreement with the Municipality of Ystad, Sweden.The Swedish town’s port is an important...

Article Image

Nakilat Boasts Highest Profit Ever

Qatar

The world’s largest owner of LNG carriers Qatar Gas Transport Company Ltd (NAKILAT) booked its highest yearly net profit since the company’s inception, the LNG major announced.For the year ended...

Article Image

National Marine Dredging Company and Royal IHC Launch TSHD GHASHA

Netherlands

National Marine Dredging Company (NMDC) and Royal IHC (IHC) have successfully launched trailing suction hopper dredger (TSHD) GHASHA. The ceremony took place at IHC’s shipyard in Kinderdijk, The...

Article Image

Arcadis signs exclusive global partnership with ABS for PFAS water treatment technology

Netherlands

Amsterdam, February 17, 2020 – Arcadis (EURONEXT: ARCAD), the leading global Design & Consultancy organization for natural and built assets, has signed an exclusive teaming agreement with ABS...

Article Image

Albwardy Damen Opens Repair Workshop In Sohar

Netherlands

Albwardy Damen opens fourth operational location in the Middle EastOn February 12th Albwardy Damen entered into an agreement with SOHAR for the opening of a workshop. For the signing, which took...

Article Image

Seaspan Boasts Stellar Operating Earnings

Hong Kong

Hong Kong-based Seaspan Corporation posted a record USD 687 million operating earnings for the full year of 2019, which included USD 227 million of income related to the modification of time...

Article Image

Performance Shipping Step Closer to Pure Play Aframax Company

Greece

Greek shipowner Performance Shipping has signed a memorandum of agreement (MoA) to purchase a 2007-built Aframax tanker.The ship, FSL Shanghai, has been bought from Singapore-based First Ship Lease...

Article Image

Hapag-Lloyd Cheers 80 Pct Higher Operating Profit in 2019

Germany

German container shipping heavyweight Hapag-Lloyd recorded an over 80 pct increase in earnings before interest and taxes (EBIT) for the 2019 financial year amid improved freight rates and cost...

Article Image

GOGL Refinances USD 284 Mn Loan, Delays Scrubber Installations amid Coronavirus

Bermuda

Dry bulk shipping company Golden Ocean Group Limited (GOGL) completed the refinancing of its USD 284 million loan facility that was scheduled to mature in December 2019 and financed 15 vessels. The...

Article Image

A.P. Moller - Maersk to Acquire the Warehousing and Distribution Company Performance Team

Denmark

A.P. Moller - Maersk is further strengthening its logistics and services offering by adding Performance Team’s premium capabilities within warehouse fulfillment services, e-commerce and inland...