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Great Lakes Dredge & Dock, a provider of dredging services, said late Tuesday that it has selected Lasse Petterson as CEO and appointed him to the company’s board of directors. Petterson will join the board immediately and assume the role of CEO once his application for U.S. citizenship, as required by the Jones Act, is… Read More
Inix Technologies Holdings Bhd said it is trying to shift away from its loss-making IT solutions business, reshaping the company to focus on its diversification into dredging and land reclamation instead, according to executive director Mohd Anuar Mohd Hanadzlah. “We are moving away from our core business, but we will still maintain the IT business… Read More
At the request of Baltimore USACE Navigational Branch Chief, Mr. Graham McAllister, Ellicott Dredges hosted a facility tour and brief presentation of their various capabilities. The tour included a walk-through of the Engineering Department and overview of the advanced engineering and design tools used by their multi-disciplined engineering staff. There was also a dredge training… Read More
The U.S. Army Corps of Engineers Galveston District awarded a task order for the Multiple Award Task Order Contract Rapid Response contract in the amount of $1,190,520 to Manson Construction Co., for the dredging of the Matagorda Ship Channel, entrance channel, in Matagorda County, Texas. The contractor is required to remove approximately 186,000 cubic yards… Read More
The Ohio Department of Natural Resources (ODNR) recently finished the 2016 dredging season, having removed more than 1 million cubic yards (apprx. 765,000 m3) of dredged material from state park lakes and other state properties. The State’s dredge fleet consists primarily of Ellicott Model 460SL swinging ladder dredges. The 1 million cubic yards of sediment… Read More
The Europe District of the US Army Corps of Engineers has been supporting the US Army, the Air Force, foreign governments and other agencies with a range of engineering, construction, stability operations, and environmental management services and products. The organisation has a more than 50-year history and is headquartered in Wiesbaden, Germany. The deal sees… Read More
The U.S. Army Corps of Engineers has awarded a contract for the first phase of a $2.1 billion Red River diversion project around Fargo and Moorhead, Minnesota. Sens. John Hoeven and Heidi Heitkamp of North Dakota say the $46 million deal with Burnsville, Minnesota-based Ames Construction will include construction of an inlet southwest of Fargo…. Read More
Chatham Rock Phosphate and its Dutch technical partners Boskalis and Deltares have received Dutch government research funding to improve the environmental management of marine mining. This co-funding has been awarded by The Netherlands based Topsector Water TKI Delta technology. The increased global interest in the economic and environmental outcomes of marine mining for resources such… Read More
Dredging Corporation of India was down 6.66% to Rs 381.90 at 12:32 IST on BSE after the company reported net loss of Rs 14.37 crore in Q2 September 2016, compared with net profit of Rs 20.78 crore in Q2 September 2015. The result was announced after market hours on Friday, 2 December 2016. Meanwhile, the… Read More
Great Lakes Dredge & Dock Corp. (NASDAQ:GLDD) posted its quarterly earnings data on Wednesday. The company reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.05. Great Lakes Dredge & Dock Corp. had a negative net margin of 0.79% and a negative return on equity of 2.50%. The company earned $198.90… Read More
Royal Boskalis Westminster has completed the sale of its stake in SMIT Amandla Marine (SAM, first mooted in March this year. The stake was sold to management and local investors, returning the business of SAM to 100% South African ownership. Boskalis received a cash sum of approximately EUR50m ($53.41m) for the sale. Following the sale,… Read More
Dutch dredging companies Van Oord, Boskalis and Allseas are actively seeking involvement in a politically controversial subsea gas pipeline project which is fully owned by Russian oil giant Gazprom, the Financieele Dagblad said on Tuesday. The €8bn Nord Stream 2 pipeline will cross the Baltic Sea from Russia to Germany, parallel to the Nord Stream… Read More
Orion Group Holdings, Inc., a leading specialty construction company, today announced a contract award of approximately $22 million. The Company’s Heavy Civil Marine Construction segment, Orion Marine Group, was recently awarded a contract for a reconstruction project from the City of Savannah, Georgia. The project entails improvements to storm water drainage facilities for the Bilbo… Read More
Dredging Corporation of India and Riyada Group-Bahrain signs MOU in the city of Manama, Bahrain for business cooperation in dredging and allied services Visakhapatnam, Manama, November 29,2016: Dredging Corporation of India Limited (DCI), Government of India undertaking, a premier public sector dredging company, and Riyada Group of Companies, Kingdom of Bahrain, has signed a Business… Read More
The shipping arm of Danish conglomerate A.P. Moeller-Maersk A/S is looking to buy German peer Hamburg Süd, people with knowledge of the matter said, a deal that would help Maersk Line boost its presence in global trade with Latin America. Maersk Line, the world’s leading container-shipping operator, is interested in acquiring the entire Hamburg Süd… Read More