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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
Visit online to view the full May 2016 Tug Market Report
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
For another year, the V.I. Port Authority has maintained a BBB+ credit rating on its three sets of 2014 marine revenue bonds, with rating agency Standard & Poor’s also classifying VIPA’s financial outlook as stable. VIPA has maintained the credit rating for the past three years, since 2014 when it closed on a bond refinancing… Read More
Netherlands headquartered dredging and marine construction major Royal Boskalis Westminster N.V. has been awarded a contract by KSO Ciputra Yasmin to construct the land for the Centre Point of Indonesia Project located off the coast of Makassar. The contract is valued at some €80m, with work scheduled to commence shortly and expected to continue for… Read More
Jim Maltese has been promoted to VP of Major Projects effective immediately. Jim earned his Project Management Professional credentials (PMP) from the Project Management Institute in 2015. In this new capacity Jim will have project management responsibility for all major projects at both Ellicott Dredges and Ellicott Dredge Technologies.
Jim Maltese has been promoted to VP of Major Projects effective immediately. Jim earned his Project Management Professional credentials (PMP) from the Project Management Institute in 2015. In this new capacity Jim will have project management responsibility for all major projects at both Ellicott Dredges and Ellicott Dredge Technologies.
The National Marine Dredging Company CEO, Yasser Zaghloul, talks about entering its 40th year of operation and the significance of two recent high profile projects in Abu Dhabi and Egypt. The dredging sector is in the same boat as other industries serving the energy sector that have to come to terms with the new low… Read More
On Saturday, Saudi Arabia, the world’s largest crude oil exporter, appointed Khalid al-Falih, chairman of the state oil giant Saudi Aramco, as its new energy minister, replacing Ali al-Naimi, who had held the post since 1995. The change is unlikely to mean a shift in Saudi oil policy, which is being crafted to a large… Read More
On Saturday, Saudi Arabia, the world’s largest crude oil exporter, appointed Khalid al-Falih, chairman of the state oil giant Saudi Aramco, as its new energy minister, replacing Ali al-Naimi, who had held the post since 1995. The change is unlikely to mean a shift in Saudi oil policy, which is being crafted to a large… Read More