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Shanghai-listed Zhongchang Marine has announced the sale of its 55% equity in its dredging unit Zhongchang Dredging Engineering and 100% equity in dry bulk shipping unit YangxiZhongchang. The stakes are being sold to Shanghai Zhongchang and PutuoZhongchang for RMB19.5m ($2.8m) and RMB145m ($21.3m) respectively. Zhongchang Dredging Engineering mainly offers dredging service in domestic coastal regions… Read More
Norfolk Dredging Company won a $7,088,500.00 contract from Department of the Army for conducting Poplar Expansion Sand Stockpile 2016, Paul S. Sarbanes Ecosystem Restoration Project, Poplar Island, Talbot County, MD. Contract was solicited under solicitation W912DR-16-B-0014 Source: EnvironmentGuru
Dredging Corporation of India (DCI) today said it has won aRs 1,119-crore contract for dredging of a shipping channel at Kolkata Port in a global bidding in which seven players participated. “Kolkata Port has called for global competitive tenders for maintenance dredging in the shipping channel leading to Haldia Dock Complex in the Hooghly estuary… Read More
PrimePort Timaru and four other port companies will sign a 10-year deal with Dutch Dredging today. The other four ports in on the deal are Napier, Taranaki, Lyttelton and Tauranga. The latter owns 50 per cent of PrimePort in Timaru. PrimePort chief executive Phil Melhopt said the existing contract with New Zealand Dredging and General… Read More
Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD), the largest provider of dredging services in the United States and a major provider of environmental and infrastructure services, today reported financial results for the quarter ended September 30, 2016. For the three months ended September 30, 2016, Great Lakes reported revenue of $198.9 million, net income of… Read More
Orion Group Holdings, Inc. (NYSE:ORN) (the “Company”), a leading specialty construction company, today reported net income for the three months ended September 30, 2016, of $4.7 million ($0.17 diluted earnings per share). These results compare to a net loss of $7.4 million ($0.27 diluted loss per share) for the same period a year ago. Consolidated… Read More
Subsea 7 has contracted Van Oord to construct the landfall and execute subsea rock installation works for the West Nile Delta project in the Egyptian sector of the Mediterranean Sea. Preparations on-site have already started. The BP-operated project, located 65 km (40 mi) offshore northern Egypt, comprises the development of a series of gas fields…. Read More
Belgian dredging, environmental and marine engineering group DEME has won a €41m dredging contract for the Container Terminal Quay Project at Port Louis Harbour in Mauritius. The contract is DEME’s first win in Mauritius. The Mauritius Ports Authority has launched an extension project for the Mauritius Container Terminal to accommodate larger vessels and to handle… Read More
The Belgian dredging, environmental and marine engineering group DEME has won a €41m dredging contract for the Container Terminal Quay Project at Port Louis Harbour in Mauritius. The contract is DEME’s first win in Mauritius. The Mauritius Ports Authority has launched an extension project for the Mauritius Container Terminal to accommodate larger vessels and to… Read More
Netherlands headquartered dredging and marine services giant Royal Boskalis Westminster N.V. has reported a net profit of €147.5m for the first half of this year despite difficult trading conditions. Revenue in the first half of the year fell 25% compared to the first half of last year to €1.17 billion. In the Dredging & Inland… Read More
Highlights of the interim report include: The Maersk Group delivered an underlying profit of USD 426m in the third quarter of 2016. All business units generated free cash flows of a total of USD 736m and the Group maintains a strong financial position with a liquidity reserve of USD 11.8 bn. The result was positively… Read More
China Harbour Engineering Company (CHEC) has reportedly been contracted by Guinea’s government to upgrade the port in the country’s capital Conakry, marking another major deal for the Chinese company that has been blacklisted by the World Bank. Under the US$774 million contract, CHEC will construct docks, roads and other infrastructure in the port which is… Read More
China Harbour Engineering Co (CHEC) has signed a contract worth $774 million to upgrade a port in Guinea, one of the largest ports in West Africa, a company spokesman confirmed on Sunday. CHEC is a subsidiary of China Communications Construction Co, which is based in the Chinese mainland. Under the contract, CHEC will undertake construction… Read More
The International Association of Dredging Companies (IADC) and the World Association for Waterborne Transport Infrastructure (PIANC) have signed a memorandum of understanding (MoU) to formalise their long-standing working relationship. René Kolman, secretary general of IADC, Geoffroy Caude president of PIANC and Louis Van Schel, secretary general of PIANC signed the MoU on 15 October, 2016…. Read More
The Seoul Central District Court has begun investigations to determine whether Hanjin Shipping’s former chair Choi Eun-young committed any criminal offences while she was at the helm of the liner operator. On 23 October the court said it had suggested to Samil PricewaterhouseCoopers, which has been appointed to audit Hanjin Shipping’s assets and liabilities, to… Read More