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Markel Corp (NYSE: MKL), parent of Ellicott Dredge Enterprises, has released its annual report for 2016. Within Markel, Ellicott is a part of the “Markel Ventures” entity, whose sales rose 16% to over US$1.2Billion. Markel had another very good year, with consolidated revenues rising to US$5.6Billion. As reported by Markel: OPERATING HIGHLIGHTS – Book value… Read More
China Harbour Engineering company Ltd. has won an open tender to implement the first stage of the project to reconstruct the marine approach canal and internal water approach canals to deep-water berths of Yuzhny maritime merchandise port (Odesa region), offering the service for UAH 1.065 billion with the expected price of UAH 1.197 billion. According… Read More
Great Lakes Dredge & Dock Corporation has been awarded the Corps of Engineers West Coast Regional Contract. Worth $17 million, with approximately $3 million in additional options, the scope of work includes dredging approximately 4 million cubic yards of material from the mouth of the Columbia River and upriver locations as well as the Humboldt… Read More
The Long Beach Board of Harbor Commissioners voted April 14 to name Mario Cordero, a former chairman and current member of the Federal Maritime Commission, as the Port of Long Beach’s new Executive Director. Cordero, a Long Beach resident and attorney, served previously as president and as a longtime member of the Long Beach Board… Read More
DEME’s German subsidiary Nordsee Nassbagger- und Tiefbau GmbH, based in Bremen, has acquired the maintenance dredging contract on the River Elbe in Germany. The contract has been awarded to a joint venture, including DEME’s German subsidiary, for a period of two years. DEME will maintain the whole 116 km long fairway of the Elbe between… Read More
The General Meeting of Shareholders of Van Oord nv was held on 20 April 2017. The 2016 Annual Report was presented. Turnover amounted to EUR 1,713 million and net profits totalled EUR 90 million. The Annual Financial Statements were adopted and, following a proposal from the Executive Board and the Supervisory Board, the General Meeting… Read More
BERTH owners at the Wirrina Cove marina have launched a class action against its operator questioning the expenditure of more than $1 million and accusing its owner of using their money for “its own benefit”. The District Court last week ordered the owner of the Marina St Vincent to submit new audited financial statements after… Read More
Orion Group Holdings, Inc. (NYSE:ORN) announced it will release its financial results for the first quarter 2017 before the market opens on Thursday, May 4, 2017. The Company will host a conference call to discuss results the same day at 10:00 a.m. Eastern Time/9:00 a.m. Central Time. To participate, please dial the Orion Group Holdings,… Read More
Singapore-listed Rickmers Maritime has announced it is to wind up, after failing to reach an agreement with lenders. It is therefore cancelling its annual meeting previously due to be held on 26 April. The cash-strapped trust had failed to secure USD260 million funding from its lenders, HSH Nordbank AG and DBS Bank. This was contingent… Read More
Ellicott Dredges is pleased to announce that, effective April 3, Mark Heimberger has been promoted to Manager of Field Service for both Ellicott Dredges and Ellicott Dredge Technologies (auger dredges and ROV’s.) Mark has been with Ellicott for 21 years and in 2007 was promoted to Senior Field Service Technician. He has an extensive background… Read More
Ellicott is pleased to announce the refurbishment of the Great Lakes Dredge & Dock (GLDD) 16” (400 mm) cutter dredge “Commodore”, a non-Ellicott dredge. After extensive flood damage, GLDD hired Ellicott to refurbish and modernize the Commodore, including hydraulics, electric controls, and the booster pump. One of the main improvements was a comprehensive upgrade to… Read More
Royal IHC has released its 2016 Annual Report showing a big loss, as expected according to previous interim media reports. Pretax income dropped to -€34mm in 2016 from €36mm in 2015. Revenues dropped by a third from €1,161mm to €764mm. EBITDA dropped 82% from €85mm to €15mm. Management noted that the loss resulted from: “the… Read More
We are pleased to announce the promotion of Kurt Syverson to the position of Manager of the Rohr Dredge North America operation. Kurt earned a B.S. in Mechanical Engineering in 2003 from St. Cloud State University in Minnesota. He has been a valuable member of Ellicott Dredge Technologies’ engineering group since August of 2003. Over… Read More
Employees of Dredging Corporation of India (DCI) abstained from work on Tuesday in protest against Centre’s decision to go for strategic sale of equity in the public sector unit. Functioning of its corporate office here was seriously affected as the non-executive employees went on a day-long strike in response to a call by CITU-affiliated DCI… Read More
Orion Group Holdings, Inc. (NYSE: ORN) announced today the acquisition of Tony Bagliore Concrete, Inc. (“TBC”) for $6 million in cash. Founded in 2010, TBC is a full-service concrete contractor that provides turnkey services covering all phases of commercial concrete construction in Central Texas. In addition to the upfront purchase price, the sellers have an… Read More