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To comply with the growing cruise tourism industry, the Old Doha Port will be redeveloped. It will serve as a cruise terminal and will accommodate the largest cruise ships of the last generation. The redevelopment program of approximately €100 million is implemented by the Ministry of Transport and Communication of the State of Qatar and… Read More
Hawaiian Dredging Construction Co. Inc. on Monday was awarded a contract of more than $60.6 million from the U.S. Department of Defense for the construction of two facilities at the Marine Corps Base Hawaii at Kaneohe Bay. The Honolulu-based construction company will design and build a two-story communications facility and a six-story concrete framed parking… Read More
Nine companies have submitted bids to participate in an open tender to carry out dredging works at the approaching channel of the Chornomorsk port (Odesa region) to 16 meters deep. The press service of the Ukrainian Sea Port Authority reported that the bids were opened on August 16 in the ProZorro e-procurement system. The bids… Read More
Arcadis, the leading global design and consultancy firm for natural and built assets, has been awarded an approximate $11.6 million contract by the City of Norfolk, Virginia, to design stormwater infrastructure enhancements to protect Ohio Creek communities against future flooding and continued sea level rise. Ohio Creek residents are regularly faced with flooding due to… Read More
The Cabinet is set to take a call on privatising Dredging Corporation of India (DCI) but opinion is split on the value proposition that could accrue to the buyer in the domestic dredging market where foreign firms have started winning large contracts though the business is reserved for Indian ships according to local laws. “The… Read More
Royal Boskalis Westminster N.V. (Boskalis) realized a net profit of EUR 75.1 million in the first half of 2017 (H1 2016: EUR 147.5 million). Revenue in the first half of the year declined by 7% compared to the first half of last year to EUR 1.09 billion (H1 2016: EUR 1.17 billion). Adjusted for consolidation,… Read More
Ryba Marine Construction in Cheboygan was recently awarded an almost $2.4 million contract for major construction repairs at the Poe Locks, part of the Soo Locks in Sault Ste. Marie. The contract is to replace quoin and miter blocks in the lock system. The structures to be replaced are part of the crucial and deteriorating… Read More
Supported by its shareholder the IK 2007 Fund, which is advised by IK Investment Partners (IK), Doedijns Group International (DGI), through its US subsidiary Logan Industries International Corporation (DGI Logan), has acquired Hadco Services Inc. Hadco is a specialised repair and service company based in Mobile, Alabama. DGI, headquartered in the Netherlands, is a leading… Read More
Net profit of Dredging Corporation of India declined 0.75% to Rs 3.97 crore in the quarter ended June 2017 as against Rs 4.00 crore during the previous quarter ended June 2016. Sales rose 10.81% to Rs 157.94 crore in the quarter ended June 2017 as against Rs 142.53 crore during the previous quarter ended June… Read More
Mercator Ltd is planning to carve out its dredging operations into a separate unit and plans to raise as much as $200 million from financial and strategic investors for that business, two people aware of the matter said. Mercator, which is present in dredging, shipping, coal and petroleum businesses, will initially carve out the dredging… Read More
In Q2, the revenue of A. P. Moller – Maersk grew by 8.4% to USD 9.6bn year on year, mainly due to higher freight rates in Maersk Line. The underlying profit in Q2 improved from USD 134m to USD 389m with Maersk Line contributing with an underlying profit of USD 327m. As a result of… Read More
Royal Boskalis Westminster N.V. announces that it has acquired all shares of the Gardline Group (Gardline) as of today. The UK based company’s main activities include marine geophysical surveys, offshore geotechnical services and environmental surveys. With the acquisition Boskalis fulfils its strategic ambition to build a position in the offshore survey market and becomes a… Read More
The government is ready with a draft agreement for forming Special Purpose Company (SPC) with a foreign firm for carving out Payra deep-sea port channel. Under the deal, officials said, the Payra Port Authority (PPA) will hold majority shares in the proposed joint-venture company. The draft agreement, now being reviewed by the Ministry of Shipping,… Read More
Mercator Ltd posted a net loss of Rs 28.70 crore for the quarter ended June 30, 2017, on the back of lower income. It had clocked a net profit of Rs 22.09 crore in the year-ago quarter. Total income of the company fell to Rs 304.33 crore from Rs 578 crore during the corresponding quarter… Read More
CEO of Great Lakes Dredge & Dock Corp (NASDAQ:GLDD) Lasse Petterson bought 155,897 shares of GLDD on 08/09/2017 at an average price of $3.74 a share. The total cost of this purchase was $583,055. Great Lakes Dredge & Dock Corp is a provider of dredging services in the United States. The Company also owns specialty… Read More