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Hapag-Lloyd’s earnings continued to deteriorate in the second quarter, dragging the German container line’s first-half operating result to a loss. Earnings before interest and tax (EBIT) posted a EUR39.7 million shortfall, reversing a EUR267.7 million surplus in the same period last year, despite estimated synergies and cost savings of hundreds of millions of dollars from… Read More
38 members of the US Army Corps of Engineers participated in an “Introduction to Dredging” seminar organized by the Institute for Water Resources, USACOE, and held at the St. Paul District of the Corps. The group traveled to Ellicott’s facility in nearby New Richmond, WI, to see how dredges are designed and built firsthand.
Transport Topics has published an interactive map of dredging projects on the East Coast of the USA. To view current and planned projects, visit http://ttnews.com/dredging2016/ .
Anthony D Bates Partnership (ADBP), an engineering consultancy specialising in dredging and its associated fields, has welcomed David Smart to its team. Mr Smart is a chartered civil engineer with over 40 years’ UK and international experience in the dredging and marine construction industry. Prior to his association with ADBP, he worked for the engineering… Read More
Singapore-based Atlantis Resources Ltd (LON:ARL) said today it has finalised the sale of a 2% stake in its Scottish tidal projects development vehicle to DEME Concessions NV for GBP 2 million (USD 2.6m/EUR 2.3m) in cash. DEME Concessions, part of Belgian offshore construction specialist DEME Group, now owns 2% of Tidal Power Scotland Ltd (TPSL)…. Read More
Royal IHC has announced that on 1 September 2016 Bram Roelse will step down as CEO. On that date Mr Dave Vander Heyde will be appointed by the Supervisory Board as the company’s new CEO. During his time in this role, Mr Roelse has used his in-depth knowledge and experience to determine and roll out… Read More
Mike Hooks, Inc., Westlake, Louisiana, was awarded a $19,530,000 firm-fixed-price contract for maintenance dredging Calcasieu River and pass, mile 5.0 to mile 15.0, and Sabine Unit 1A and Devil’s Elbow, in Calcasieu and Cameron Parishes, Louisiana. Work will be performed in Lake Charles, Louisiana, with an estimated completion date of May 25, 2015. Bids were… Read More
Abu Dhabi-Mubasher: National Marine Dredging Company (NMDC) posted a 67% decline in its second-quarter profits, according to a bourse statement. Profits reached AED 14.79 million ($4.03 million) in Q2-16, compared to AED 44.79 million ($12.19 million) in Q2-15. Contract revenues declined 63.7% to AED 322.28 million in Q2-16, compared to AED 888.05 million in Q2-15…. Read More
Timonium, MD, August 6, 2016, 2016 – Surrounded by family and friends, long-time colleague and maritime industry advocate Helen Delich Bentley left us today for a better world. Known as much for her salty language as her fearless advocacy of all things maritime, she will be sorely missed, but her legacy of accomplishment – particularly… Read More
The recent appointment of John Dix to the new Kentucky Water Resources Board by Gov. Matt Bevin pleased Gary Larimore of the Kentucky Rural Water Association. “He’s very, very well qualified,” Larimore said. Dix is general manager of the Warren County Water District, the Butler County Water System and the Simpson County Water District. The… Read More
Hanjin Shipping’s creditor banks gave it an extra month to lower charter rates, reduce loans from foreign lenders and reschedule bond payments, thus avoiding being placed into receivership. “We’re still in talks with the tonnage providers and we’re diligently carrying on the discussions,” a Hanjin spokesperson said. Hanjin now has until Sept. 4 to complete… Read More
A joint venture made up of Vinci Construction subsidiaries Vinci Construction Grands Projets and EMCC, plus the Belgian dredging company Jan de Nul, has won the $147m contract to extend the port of Kingston, Jamaica. The client is the port’s new operator, CMA CGM, which hopes to capitalise on increased traffic generated by the newly… Read More
Kenya Ports Authority has started assessing the “financial capacity and technical know-how” of interested companies for the lucrative Sh12.1 billion proposed relocation of Kipevu Oil Terminal ahead of planned commissioning next January. The KPA management has narrowed down to 12 international firms from the 31 that had submitted their bids, head of procurement and supplies… Read More
A slight rally in global oil prices Wednesday afternoon was not enough to lift shares listed on the Dubai bourse. After falling in early trading, crude oil prices rallied slightly during the day, notching up their first gain in five days by the time the Dubai Financial Market closed, to stand at US$42.13 per barrel… Read More
Great Lakes Dredge & Dock Corp. (GLDD) on Thursday reported a second-quarter loss of $1.7 million, after reporting a profit in the same period a year earlier. On a per-share basis, the Oak Brook, Illinois-based company said it had a loss of 3 cents. The provider of dredging and dock-contracting services posted revenue of $192.2… Read More