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The Payra Port Authority (PPA) under the shipping ministry yesterday signed the first memorandum of understanding (MoU) with Belgian company Jan De Nul for capital dredging and ongoing maintenance dredging to develop the Payra Deep-sea Port. As a Foreign Direct Investor, Jan de Nul will carry out a major capital dredging of about 35 nautical… Read More
Bangladesh today takes a big step in making a name for itself on the map of south Asian megaports. The government is expected to sign a $2bn deal with Belgian dredging company Jan De Nul today to kick off a big development at Payra port, whereby ships 300 m long, and 14 m deep should… Read More
Orion Marine Group, Inc. (NYSE:ORN), a leading construction company, today announced a new corporate name and logo. The Board of Directors of Orion Marine Group is pleased to announce it has approved a name change to Orion Group Holdings, Inc. to encompass the breadth of services for each of the Company’s business segments. The Company’s… Read More
The EuroDredger450, a Cutter Suction Dredger with a discharge pipe diameter of 450mm built in the Netherlands, has been successfully launched and is now available for delivery. The Euro Dredger 450 is the first Cutter Suction Dredger resulting from the partnership between Dredge Yard and Neptune Shipyards in The Netherlands. Both companies joined forces to… Read More
ZWIJNDRECHT | Next Sunday DEME is participating again in the Open Site Day, the annual public event of the construction industry organised by the Belgian Construction Federation. As DEME’s sites are mainly on open sea, the Belgian dredging, environmental and marine engineering group is bringing two vessels to the head office in Zwijndrecht: the trailing… Read More
2015 was in many ways a year of major challenges. There has been a severe slowdown in the growth of the global economy including the BRICS countries and in addition, oil prices reached unprecedented lows. The conditions in which Jan De Nul Group had to deliver a strong result, were – to put it mildly… Read More
The U.S. Army Corps of Engineers is getting a new commander. The corps says in a statement that Lt. Gen. Thomas Bostick is retiring Thursday after four years as chief engineer and commanding general, and 38 years of military service. The change-of-command ceremony is at Joint Base Myer-Henderson Hall in northern Virginia, just outside the… Read More
The U.S. Army Corps of Engineers is getting a new commander. The corps says in a statement that Lt. Gen. Thomas Bostick is retiring Thursday after four years as chief engineer and commanding general, and 38 years of military service. The change-of-command ceremony is at Joint Base Myer-Henderson Hall in northern Virginia, just outside the… Read More
Colonel Robert Ruch, the Commander of the U.S. Army Corps of Engineers, Engineering and Support Center in Huntsville, relinquished command to Lieutenant Colonel Burlin Emery May 13th during a ceremony at Redstone Arsenal’s Bob Jones Auditorium. Colonel Ruch has been the Huntsville Center commander since July 26, 2012 and officially ended his 30 year career… Read More
Colonel Robert Ruch, the Commander of the U.S. Army Corps of Engineers, Engineering and Support Center in Huntsville, relinquished command to Lieutenant Colonel Burlin Emery May 13th during a ceremony at Redstone Arsenal’s Bob Jones Auditorium. Colonel Ruch has been the Huntsville Center commander since July 26, 2012 and officially ended his 30 year career… Read More
Finland’s Konecranes (KCR1V.HE) has agreed to buy Terex Corp’s cranes business for ports and factories for 1.1 billion euros ($1.3 billion), in a move that cancels a planned full merger and allows the U.S. firm to pursue talks with a rival suitor. Konecranes and Terex (TEX.N) agreed to an all-share merger in August, hoping a… Read More
Odyssey Marine Exploration, Inc. (NASDAQ:OMEX), a pioneer in the field of deep-ocean exploration, reported results for the first quarter ended March 31, 2016. Q1 2016 Highlights Odyssey was contracted by a third-party to perform a commercial survey project in the Mediterranean using the company’s equipment and crew. Revenue was $0.6 million, an increase of $0.5… Read More
Dutch dredging and marine services group Boskalis has begun work on a fleet rationalisation and cost reduction plan after seeing revenue decline strongly during the first quarter. It said that some dredging plant was likely to be taken out of service and that this would have implications for staffing levels. In addition, it said, it… Read More
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Dutch marine engineer Boskalis said its first-quarter revenue had declined sharply compared with last year, partly due to the end of the giant Suez Canal enlargement project, and said full-year net profit would be sharply down. Boskalis, a leading global port services and dredging company, said in a trading update on Tuesday its order book… Read More