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The stock of Orion Marine Group Incorporated (NYSE:ORN) registered a decrease of 20.56% in short interest. ORN’s total short interest was 1.31 million shares in May as published by FINRA. Its down 20.56% from 1.64 million shares, reported previously. With 222,900 shares average volume, it will take short sellers 6 days to cover their ORN’s… Read More
Coastal Ace has been contracted to support a European Dredging Company during the expansion of the Kaohsiung International Container Centre Phase II in Taiwan. This is the largest Taiwanese port located in the South China Sea, which plays an important role in the region’s export-oriented economy. Their Multicat is involved in the dredging and reclamation… Read More
Jack recently successfully defended his PhD thesis at the University of Lancaster, where he was sponsored by the company over a period of three years to develop and refine the particle tracking/sediment tracing technology pioneered by Partrac. ‘Particle tracking’ is a methodology used by various agencies (consultants, governments, research institutes) to track soils, sediments, contaminants,… Read More
The Maersk Group delivered a profit of USD 224m (USD 1.6bn) and an underlying profit of USD 214m (USD 1.3bn). The result was negatively impacted by the low oil price and low average container freight rates. The return on invested capital (ROIC) was 2.9% (13.8%). The underlying profit was significantly lower than same period last… Read More
The marine engine technology is on its way to move from pure mechanical to more and more electronic controlled engines. Engines equipped with common rail and dual fuel systems are available today and spark ignited gas engines are upcoming fast. With this change, a lot of improvements to engine performance and emissions are achieved. On the… Read More
Great Lakes Dredge & Dock Corp. has signed two subcontracts valued at approximately $55 million for work in the Middle East, as well as the received a $38 million award for a coastal protection project in North Carolina. The first subcontract in the Middle East is for a land development project and involves dredging over… Read More
Yorkshire Water has signed a marine framework contract worth up to £100m over the next five years. The four framework partners include ABCO Marine, Farrans Construction, Van Oord and Ward & Burke. The partners will undertake all of the companies marine civil engineering work, helping the firm to maintain its reputation for helping to create some… Read More
Hawaiian Dredging Construction Co. Inc., one of the largest general contractors in the state, has completed the purchase of the historic Honolulu Advertiser building on Kapiolani Boulevard and plans to renovate the building and use it as the company’s corporate headquarters, the Honolulu-based company’s president confirmed to PBN. Hawaiian Dredging, one of the state’s oldest… Read More
The city of Cleveland could sell roughly 10 acres of waterfront land to a 116-year-old maritime business, for a shipyard expansion a decade in the making. The Great Lakes Towing Co. operates a fleet of tugboats and oversees the Great Lakes Shipyard, which runs along an old shipping channel that juts west near the mouth… Read More
Austrian construction giant Strabag’s German subsidiary Ed. Züblin and Dutch dredging giant Boskalis’ German subsidiary Heinrich Hirdes have been awarded a EUR120 million contract by Bremenports to build the Offshore-Terminal Bremerhaven (OTB)
The General Meeting of Shareholders of Van Oord nv was held on 21 April 2016. Turnover amounted to EUR 2,579 million and net profits totalled EUR 169 million. Rotterdam, the Netherlands, 22 April 2016 – The General Meeting of Shareholders of Van Oord nv was held on 21 April 2016. The 2015 Annual Report was… Read More
Seatools has launched its Pile Dredge Tool (PDT). This pile cleaning and dredging tool is capable of removing soil plugs and cleaning of pre-piled jackets, such as commonly found in the offshore wind industry. The system can be used for all kinds of other pile excavation operations as well, such as for the preparation of… Read More
Singapore-listed Hutchison Port Holdings Trust reported year-over-year drops in revenue, operating profit and net income of 7 percent, 10 percent and 26 percent for the first quarter of 2016. The company, which owns and operates deep-sea container terminals in Hong Kong and mainland China, booked a net profit of 210.1 million Hong Kong dollars ($27.1… Read More
Darin McMurry will replace John Daggett as the new operations project manager at Fort Peck Dam. Daggett retires on June 3. Fort Peck Dam is the upper-most dam on the Missouri River operated by the Army Corps of Engineers. McMurry has been working as the deputy Operations Project manager and chief of the Natural Resource… Read More
Offshore contractors and vessel owners are securing contracts for operations in the United Arab Emirates (UAE), Qatar and Saudi Arabia. State-run energy companies in these countries continue to invest in offshore infrastructure despite last year’s slump in oil prices. Investment in subsea infrastructure was highlighted recently by the announcement of contract awards for engineering contractors… Read More