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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
CEO Pieter van Oord has accepted the Rotterdam Promotion Prize from Rotterdam mayor Ahmed Aboutaleb. According to the judges, Van Oord ‘significantly contributes to Rotterdam’s good reputation as a city that is home to high-quality international craftsmanship.’ The prize was awarded for the forty-fourth time on 17 February at Rotterdam City Hall. Hugo Bongers, chairperson… Read More
Arabtec Holding awarded National Marine Dredging Company (NDMC) a AED 82 million contract in the Republic of Maldives, according to a statement. The project is part of Arabtec’s strategy to expand outside the UAE. The NMDC won a contract worth AED 605 million ($164.7 million) for Khalifa Port in late August, and has been awarded… Read More
Citing the strongly deteriorated market conditions in the offshore energy sector and the resulting outlook, Royal Boskalis Westminster (Boskalis) will report a non-cash impairment charge of EUR840 million (USD891.6 million) in its annual results 2016. Boskalis says that this charge is almost entirely related to the services part of Boskalis’ offshore oil and gas activities,… Read More
Kooiman Marine Group in Zwijndrecht, Netherlands has received an order for the conversion of dry cargo vessel ‘DC Eems’ into a trailing suction hopper dredger for operating client Group De Cloedt. The DC Eems, currently under management with EemsWerken, of Werkendam, measures approximately 90m x 15m. Upon completion of the conversion, she will have a… Read More
On February 3, Ukrainian Seaport Authority (USPA) presented the prospective projects scheduled for current year to the key dredging companies as well as the basic principles for tender procurements during Ukrainian Dredging Day. USPA says the meeting was held jointly with the American Chamber of Commerce in Ukraine under support of the Ministry of Infrastructure… Read More
In a chat with ET Now, Rajesh Tripathi, CMD, Dredging Corp, talked about company’s performance in the last quarter, its ongoing project and what it expects in the next fiscal. Your top line declined in this quarter, while your bottom line registered a turnaround. Can you maintain these figures and what is the trajectory you… Read More
Dutch shipping company Royal Boskalis and its joint venture partner Van Oord have been awarded a contract by The Brazilian Ministry of Transport, Ports and Civil Aviation for the capital and maintenance dredging of the port of Santos. The value of the contract is approximately EUR110m ($117m). The dredging operations are expected to commence later… Read More
The U.S. Army Corps of Engineers Galveston District awarded a small business contract in the amount of $5,343,380 to Crosby Dredging LLC to conduct maintenance dredging at the Houston Ship Channel between Sims Bayou and the Turning Basin in Harris County, Texas. The contractor will be required to remove approximately 500,000 cubic yards of material… Read More