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German industrial group Thyssenkrupp announced a further shakeup of its Industrial Solutions unit, which it is restructuring in the face of weak demand for plant engineering and challenges in its naval business. The unit is Thyssenkrupp’s main heavy manufacturing business whose activities range from shipbuilding to mining technology to automotive engineering systems. But it has… Read More
Fincantieri and China State Shipbuilding Corporation (CSSC), China’s largest shipbuilding conglomerate, have signed an agreement for a joint venture aimed at developing and supporting the growth of the Chinese cruise industry. The agreement, which follows the ones signed with CSSC and Carnival Corporation in November 2014, provides that the joint venture will design and sell… Read More
In the Netherlands, Dutch Dredging has kicked off its year round operation on sustainable “drop-in” marine biofuel out of the Dutch Port of Moerdijk. The Alouette, permanently stationed in the port of Moerdijk will operate on a unique marine fuel which for 30% consists out of a sustainable bio components made out of waste streams…. Read More
The South Carolina Ports Authority (SCPA) Board of Directors adopted a financial plan for the 2017 fiscal year that includes six percent pier container growth, $226.1 million operating revenues, $40.8 million operating earnings, and capital expenditures of $248 million. The plan projects pier containers, or box volume, of 1.175 million during FY2017, a six percent… Read More
Local property and construction contractor Pindan Contracting Pty Ltd has won the tender to design and construct the $70.7 million Integrated Marine Operations Centre (IMOC) in Port Hedland, WA. Pindan outbid three other tenderers who were shortlisted in November 2015, including Doric Contractors, Jaxon, McConnell Dowell Constructors. Their submissions followed a call for expressions of… Read More
The U.S. Army Corps of Engineers, Jacksonville District awarded a contract on June 30 to Eastman Aggregate Enterprises, LLC, of Lake Worth, Florida, for $11,889,480.65, for the Miami Beach Hotspots beach renourishment project, part of the Miami-Dade County Beach Erosion Control and Hurricane Protection Project. The contractor will place 220,000 cubic yards of beach-quality sand… Read More
Subsea Technology & Rentals Ltd (STR); global specialists in the design, manufacture and rental of advanced subsea technology for the offshore energy industry are pleased to announce a partnership agreement with Aberdeen based Subsea Tooling Services (STS) to hire, service and support their high performance range of subsea dredging systems held mobilisation ready at STR… Read More
Tenants at the Port Six tenants continue to make up the lease agreements at the West Cal Port. Among those are Devall Enterprises, Orion Marine Group, Tubal-Cain Marine Services, Cemex Concrete of Louisiana, S.T.A.R. Concrete Pumping and River Barge Works. These six businesses make up the bulk of the revenue brought into the port through… Read More
French outfit Kingston Freeport Terminal Limited assumed control of the Kingston Container Terminal (KCT) at midnight Friday, kicking off a 30-year concession more than year after the initial agreement was struck with Port Authority of Jamaica. All 834 employees of KCT were made redundant the day before, but the concessionaire offered employment to all eligible… Read More
Royal Boskalis Westminster has completed the acquisition of offshore wind-related activities of VolkerWessels. Boskalis said the transaction would strengthen its position in “the attractive, growing offshore wind energy market.” The activities acquired by Boskalis include VBMS, Stemat and Volker Stevin International (VSI). VBMS is a market leader in offshore cable installation with a strong market… Read More
‘Start-ups – often young entrepreneurs – have the energy and freedom to target innovations and new markets. In contrast to large established group companies, they have not a lot to lose at this stage,’ says Paul Smits, CFO of the Port Authority of Rotterdam. ‘We need their innovative power to remain the world’s most innovative… Read More
The U.S. Army Corps of Engineers Galveston District awarded a contract in the amount of $6,147,750 to Goodloe Marine Inc., for pipeline dredging of the Gulf Intracoastal Waterway (GIWW), Texas, Channel to Victoria. The contractor is required to remove 1.3 million cubic yards of material located along the lower and middle reached of the GIWW,… Read More
German container shipping line Hapag-Lloyd AG (HLAG.DE) has agreed a merger deal with United Arab Shipping Company (UASC), creating a group with an estimated value of 7 to 8 billion euros($7.7-8.9 billion), as both seek to weather a market downturn. Hapag-Lloyd said its supervisory board had approved the deal, which would see it take all… Read More
Royal Caribbean announced that it has reached an agreement for the construction and operation of a new cruise terminal at PortMiami on land leased from Miami-Dade County. The terminal will be the home port to a 5,400 passenger Oasis-class cruise ship, the world’s largest. “This new terminal is a symbol of our commitment to Miami,… Read More
Royal Boskalis Westminster has confirmed that the Noorderzijlvest district water board in The Netherlands intends to award a contract for the Eemshaven-Delfzijl dike reinforcement project to a consortium consisting of Boskalis and KWS Infra. The contract has a value of more than Euros 60 million, of which Boskalis’ share is more than Euros 40 million…. Read More