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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
The Dredging Corporation of India (DCI) here has achieved Rs. 676 cr turnover during 2015-16, with a profit after tax of Rs. 80 crore, according to a press release. A memorandum of understanding for the financial year 2016-17 was signed by Rajive Kumar, Secretary(Shipping) and Rajesh Tripathi, the Chairman and Managing Director of the DCI… Read More
Orion Group Holdings, Inc. (ORN), a leading specialty construction company, today reported a net loss for the three months ended June 30, 2016, of $0.8 million ($0.03 diluted loss per share). These results compare to a net loss of $1.8 million ($0.07 diluted loss per share) for the same period a year ago. Consolidated Results… Read More
Dredging Corporation of India (DCI) Ltd. has signed a Memorandum of Understanding for the financial year 2016-17. The MoU was signed by Shri Rajive Kumar, Secretary, Shipping and Shri Rajesh Tripathi, Chairman & Managing Director, Dredging Corporation of India Ltd, in New Delhi. The MoU broadly consists of the performance evaluation parameters and targets for… Read More
DP World has signed an agreement to operate and expand the container terminal at Saint John, New Brunswick, spreading its Canadian footprint and sharpening competition on the eastern Atlantic seaboard. The Dubai-based company’s lease of the Rodney Container Terminal begins on Jan. 1, 2017, and will continue for 30 years after the completion of the… Read More
The Belgium based European Dredging Association (EuDA) has announced its 2016 Annual General Assembly Conference will take place in the Stanhope Hotel in Brussels on Tuesday, 15 November 2016 at 10.00. The theme of this year’s Conference is:Global CO2 Emissions: New Business Opportunities for the European Dredgers? The 1992 UN Framework Convention on Climate Change… Read More
Shalabh Mittal, MD & CEO, Mercator an interview to CNBC-TV18 while sharing his views on first quarter numbers and business outlook going forward said in the quarter gone by they managed to post growth in most segments, especially in the dredging and tanker business. With improvement in efficiencies along with reduction in costs for the… Read More
Van Oord has reached agreement on the acquisition of the offshore wind activities of Bilfinger Marine & Offshore Systems GmbH, a German company active in the engineering, construction and installation of foundations for offshore wind parks and harbour construction. The agreement covers the acquisition of assets and employees related to the offshore wind activities. This… Read More
The previous CEO of Daewoo Shipbuilding & Marine Engineering, Ko Jae-ho, was indicted Tuesday on charges of fraud, breach of trust and the violation of several securities and capital markets regulations. The criminal charges stem from his alleged involvement with inflating DSME’s reported earnings over the period from 2012 to 2014 by artificially minimizing operating… Read More