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Dutch dredging majors Van Oord and Boskalis have been awarded a contract by Brazil’s Ministry of Transport, Ports and Civil Aviation for capital and maintenance dredging at the Port of Santos. The joint venture project in South America’s largest port has a total contract value of some €110 million. Studies will be undertaken over the… Read More
Great Lakes Dredge & Dock Corp (GLDD): Carl A Albert , director of Great Lakes Dredge & Dock Corp purchased 2,000 shares on Mar 7, 2017. The Insider buying transaction was reported by the company on Mar 9, 2017 to the Securities and Exchange Commission. The shares were purchased at $4.50 per share for a… Read More
We reported a 68% increase in year-over-year gross margin. We reported an 86% increase in year-over-year EBITDA. During 2016 we bid out approximately $2.8 billion worth of projects winning approximately $ 654 million for win rate of approximately 24%. Within heavy civil marine construction segment approximately 46% of our full year 2016 revenues was generated… Read More
The China Harbour Engineering Company and Sinohydro Corporation have been hired by the government of Angola to carry out construction projects for basic sanitation, infrastructure and stabilisation of slopes in the city of Sumbe, the capital of Kwanza Sul province, according to a presidential order cited by the Africa Monitor newsletter. The work, whose award… Read More
On 19th January 2017, the Port of Rotterdam Authority kindly hosted the 2nd meeting of CEDA’s Dredging Management Commission (DMC) in the World Port Centre, in Rotterdam. Since the first meeting, four months earlier, four new members have joined the commission, bringing the total number of expert participants to 18. As a result, the DMC… Read More
Royal Boskalis Westminster N.V. has published both its Annual Report 2016 and its Corporate Social Responsibility (CSR) report 2016. The Corporate Business Plan 2017-2019 is presented in the annual report. The reports are available as interactive PDF documents and can be downloaded via www.boskalis.com/reports Source: GlobeNewsWire
HOUSTON, March 09, 2017 (GLOBE NEWSWIRE) — Orion Group Holdings, Inc. (NYSE:ORN) (the “Company”), a leading specialty construction company, today reported a net loss for the three months ended December 31, 2016, of $6.3 million ($0.23 diluted loss per share). These results compare to net income of $1.4 million ($0.06 diluted earnings per share) for… Read More
The government is looking to sell a 51 per cent stake in staterun Dredging Corporation of India. A cabinet note has been prepared on this proposal and is being circulated among key ministries for comment, two senior government officials said. “There is enough competition in this sector and therefore the role of a public-sector firm… Read More
JIADING leaders have been appointed “river chiefs” to clean up polluted waterways within the district. Party Secretary Ma Chunlei, along with Zhang Xi, district director, and Cai Xiaofei, vice director, take full responsibility for improving water quality. Meanwhile, officials at township level in Jiading are responsible for the rivers and waterways at their doorsteps. The… Read More
The U.S. Army Corps of Engineers has awarded a $6.3 million contract for a dam removal and river upgrade project in Traverse City. Michels Corporation of Brownsville, Wisconsin, will remove the Boardman Dam and restore sections of the Boardman River. Carl Platz of the Army Corps says the project will help rebuild the aquatic ecosystem… Read More
As the State Ports Authority gets ready to mark its 75th anniversary Sunday, the agency that operates the Port of Charleston is about to set another milestone — the arrival of its first container ship carrying 14,000 cargo boxes, known as TEUs in maritime jargon. “We will have a 14,000 TEU ship in May,” said… Read More
Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) announced its quarterly earnings results on Wednesday. The company reported ($0.11) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.05) by $0.06. Great Lakes Dredge & Dock Corporation had a negative return on equity of 0.81% and a negative net margin of 0.26%. The business… Read More
Total capital expenditures for the year were $85 million with approximately $54 million spent on the ATB. Regarding the ATB or the Ellis Island as we will refer to it going forward, 2016 was a milestone year. We transitioned from having a massive steel structure on land to launching the barge portion of the vessel… Read More
Damen Shipyards Group is laying-off 150 workers at three ship repair and conversion yards in the Netherlands. Damen Shiprepair & Conversion (DSC) said that due to “adverse market conditions” it would be reducing workforce by 150 at Damen Shiprepair Rotterdam, Damen Shiprepair Van Brink, and Damen Shiprepair Vlissingen. Noting large-scale fluctuations in the ship repair… Read More
Orion Group Holdings, Inc. (NYSE:ORN) announced it will release its financial results for the fourth quarter and full year 2016 before the market opens on Thursday, March 9, 2017. The Company will host a conference call to discuss results the same day at 10:00 a.m. Eastern Standard Time/9:00 a.m. Central Standard Time. To participate, please… Read More