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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
The U.S. Army Corps of Engineers has awarded Kyle Conti Construction, of Hillsborough, a $13.7-million contract for the second phase of a coastal flooding mitigation project in the Port Monmouth section of town, according to Congressman Frank Pallone’s office. This work, which includes building a system of levees, a floodwall, a tide gate, road closure… Read More
Belgian dredging and marine civils giant Jan De Nul has defied the global slowdown to boost turnover by 10 percent last year, with net profits of €265 million and a stable order book sitting on €2.7 billion. Although the traditional dredging market showed limited growth, one positive was the large volume of dredging for the… Read More
The Ruias of the Essar Group have announced an additional investment of Rs 750 crore in Essar Bulk Terminal’s expansion in Hazira, Gujarat which, along with the existing investment of Rs 2,450 crore, will take the total investment in Hazira port to Rs 3,200 crore. In a statement, the company said today the 550-metre berth… Read More
The U.S. Coast Guard reports a worker who was injured in an accident off the coast of Tybee Island has died. The worker was seriously injured before dawn on Wednesday on a vessel assigned to the Savannah Harbor Dredging operation, according to Lt. Josiah Toepfer. The unidentified man worked for a sub-contractor on the dredging… Read More
South Korean shipbuilder STX Offshore & Shipbuilding, which applied for receivership on 27 May, is worth more as a going concern than if it were to be liquidated. An interim report by EY Hanyoung, which was tasked to carry out due diligence on STX O&S, showed that the shipbuilder is worth KRW1.26 trillion (USD1.1 billion)… Read More
Great Lakes Dredge & Dock Corporation (“Great Lakes”) (NASDAQ:GLDD), the largest provider of dredging services in the United States and a provider of environmental and infrastructure services, announced today that it was recently awarded four contracts with an approximate value of $93 million. Great Lakes received two awards for coastal protection work required along the… Read More
The Cameroonian government has just awarded, for the 2nd consecutive time, the contract for the dredging operations in the Douala port channel, in the economic capital of the country, to the company China Harbour Engineering Corporation (CHEC), we learned officially. This new contract, which should carried out over a period of 24 months, has a… Read More