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Michael Pram Rasmussen has informed the Board of Directors that he will step down as Chairman of the Board of Directors of A.P. Møller – Mærsk A/S effective at the Annual General Meeting which will be held on Tuesday 28 March 2017. Michael Pram Rasmussen will remain member of the Board of Directors until the… Read More
2016 was a difficult year, with headwinds in all our markets. It was also a year when we decided to substantially transform A.P. Moller – Maersk to become a focused container shipping, logistics and ports company with a growing revenue. A.P. Moller – Maersk delivered an underlying profit of USD 711m in 2016, which was… Read More
DEME, Belgium, has secured contracts for dredging and land reclamation works in India and the Maldives. The total value of these orders represent approximately EUR100 million. In India DEME has been awarded several new projects, including dredging works for Project Seabird Phase II submitted in a joint venture with L&T. It is one of the… Read More
Abu Dhabi’s National Marine Dredging Company said it has been awarded a $316-million engineering, procurement and construction (EPC) contract for a hitech floating LNG (liquefied natural gas) port at Jafrabad in the Indian state of Gujarat. India’s emerging energy entity, Swan LNG Private Limited (SLPL) is developing the country’s first all-weather floating storage and regasification… Read More
Dredging Corporation of India Ltd has secured Rs. 102 Crores International Contract for Dredging in Pussur Channel from Mongla Port to Rampal Power Plant, Bangladesh in Global Competitive Bidding. The contract value of Rs. 102 crores is payable 50% in US Dollars and 50% in Bangladesh Takka. The quantum of dredging is around 3.88 Million… Read More
Congressman Garret Graves (R – Baton Rouge) has been named Chairman of the House Transportation and Infrastructure Subcommittee on Water Resources and Environment,, which oversees water resources development and regulatory programs administered by the U.S. Army Corps of Engineers and the Environmental Protection Agency (EPA), along with other agencies and water-related programs. As Chairman, Graves… Read More
Great Lakes Dredge & Dock Corporation (NASDAQ: GLDD) today announced that Lawrence R. Dickerson and D. Michael Steuert have been appointed to the Board of Director’s 2019 director class, effective January 24, 2017. Mr. Dickerson has been appointed to the Compensation Committee, and Mr. Steuert has been appointed to the Audit Committee. With the addition… Read More
Dredging Corporation India, premier dredging company in India bagged an international dredging contract in Bangladesh for Rs. 102 crore. DCI has its headquarters in the city. It has been exploring foreign markets to expand its base.× As a part of this, the corporation participated in an international tender floated by the Mongla Port Authority for… Read More
Great Lakes Dredge & Dock Corp. has received an $88 million award for Phase I of the Mississippi Coastal Improvements Program Comprehensive Barrier Island Restoration. MsCIP was initiated in 2005 in the aftermath of the damage and destruction caused by Hurricane Katrina, and addresses hurricane and storm damage reduction, salt water intrusion, shoreline erosion and… Read More
China Railway First Group has won the government approval to conduct dredging on the Sigatoka River on behalf of the Ministry of Agriculture. A statement from the governments information department confirms the Chinese infrastructural company will be conducting the the first phase of the Sigatoka River Dredging Project. “The dredging works which has significant economic… Read More
International Container Terminal Services (ICTSI) subsidiary Operadura Portuaria Centroamericana (OPC) has entered a deal with the China Harbour Engineering Company (CHEC) to expand the first phase of a specialised container and cargo terminal in the port of Puerto Cortes, Honduras. A new 350m-long berth with a depth of 15.5m, as well as two trestles to… Read More
Great Lakes Dredge and Dock Company LLC, Oak Brook, Illinois, was awarded an $88,526,495 firm-fixed-price contract for Mississippi comprehensive barrier island restoration, Ship Island Phase One. Bids were solicited via the Internet with three received. Work will be performed in Harrison County, Mississippi, with an estimated completion date of April 26, 2018. Fiscal 2014 other… Read More
Royal Boskalis Westminster N.V. (Boskalis) has received a Letter of Intent (LOI) to award a contract worth approximately €480m for the development of the port of Duqm in Oman, subject to satisfying certain conditions. The contract includes engineering, design, procurement and construction of a bulk liquid berth terminal. Various dredging and civil activities will be… Read More
Special Economic Zone Authority Duqm (SEZAD) has sent a Letter of Intent (LoI) to award a contract to Royal Boskalis Westminster NV. The contract with a value of approximately $511m (EUR480m) will be awarded for the development of the port of Duqm The contract includes the engineering, design, procurement, and construction of a bulk liquid… Read More
The FIOD, Detection department of the Dutch Tax Administration, raided shipbuilder Damen Shipyards in Gorinchem last Friday. This was confirmed by the company’s spokesman on Monday after a report in the business magazine Quote’s website. The raid is part of an investigation into foreign corruption. Damen Shipyards is suspected of paying bribes. The investigation is… Read More