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Belgian dredging major DEME increased its net profit by 18% to EUR199.2 million (USD218.7 million) in 2015. It is a year that it described as “particularly active”, given its work on a large number of major international projects. Turnover fell by 9.1% to EUR2.35 billion after exceptionally activity levels in 2014 but this did not… Read More
Great Lakes Dredge & Dock Co. (NASDAQ:GLDD) released its quarterly earnings data on Tuesday. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.04 by $0.05, AnalystRatings.NET reports. The company had revenue of $222.60 million for the quarter, compared to analyst estimates of $228.60 million. Shares of… Read More
Humpuss Intermoda Transportasi, a shipping services company, plans to expand to dredging this year, looking for works from government port building projects across the archipelago to compensate for a decline in the company’s commodity transport business. The company has set aside $20 million to $100 million in investment to acquire 40 new ships for dredging,… Read More
The remaining tin dredge (Tin Dredge Heritage) – the only one of its kind in the country, in Jalan Tanjung Tualang, Batu Gajah is undergoing rehabilitation work costing RM8.5 million in three phases and is expected to re-open to the public in two years. The giant mining machine known as Tanjung Tualang Dredge No 5… Read More
Dredging company Deme, based in Zwijndrecht, Antwerp province, is part of the consortium selected to carry out the development of Blue Gate Antwerp, a business park to be located on the heavily polluted site of the former Petroleum Zuid. The other partners in the Blue O’pen group are Mechelen’s Bopro management and consultancy group and Dredging… Read More
Singapore-based rig-building and ship repair group Sembcorp Marine‘s debt levels are on the high side and it could struggle to fulfil its debt covenants, sector analysts have cautioned. At 31 December 2015, Sembcorp Marine’s long-term debt stood at SGD2.6 billion (USD1.9 billion), while shareholders’ equity stood at SGD2.5 billion, indicating a gearing ratio of 1.04:1…. Read More
Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD), the largest provider of dredging services in the United States and a major provider of environmental and remediation services, announced today the receipt of three awards with an approximate value of $58 million. Valued at approximately $34.5 million, the first award is for the construction of a protective beach… Read More
The National Marine Dredging Company (NMDC) has announced that hiring UAE nationals is one of its ultimate priorities in all the company’s sectors, especially in engineering and technical fields. This announcement was made during NMDC’s participation in Tawdheef, the leading recruitment event for UAE Nationals that is currently taking place in Abu Dhabi at the… Read More
Building the 3rd swirling Beatrix lock and the widening of the Lekkanaal has been awarded to Sas van Vreeswijk . Sas van Vreeswijk is a combination of contractor Besix and investors Rebel Valley and TDP supported by earthmoving business Martens en Van Oord and Agidens for electro-mechanics. READ FULL ARTICLE HERE
National Marine Dredging recorded a net profit worth AED 58.05 million ($16 million) in the fourth quarter of 2015, compared to AED 88.83 million ($24.2 million) in the same quarter of 2014; a decline of 35%. The company said in a bourse statement that it achieved a surge of 70% to AED 151.9 million ($41.4… Read More
Tower has finished the install of a new crane dredging control system on the UK Dredging vessel Cherry Sand. Our in proprietary crane control system outputs data from the crane to the processing unit on the bridge showing the 3D Model of the current dredge job.
Project company Sas van Vreeswijk (SPC) achieved financial close of the PPS project ‘Construction 3rd lock chamber Princess Beatrix Lock and widening Lek Canal’. Sas van Vreeswijk consists of TDP NV (in partnership with investment companies TINC and DG Infra Yield), BESIX Group NV, RebelValley B.V., Heijmans Nederland B.V. and Jan De Nul NV. The… Read More
Dredging Corporation India has reported a standalone total income from operations of Rs 161.40 crore and a net profit of Rs 7.97 crore for the quarter ended Dec ’15. Other income for the quarter was Rs -0.07 crore. For the quarter ended Dec 2014 the standalone total income from operations was Rs 185.21 crore and… Read More
ROHR-IDRECO Dredge Systems, a leader in the dredging world for designing and building custom deep digging electric or diesel modular dredges with low energy requirements, has been supplying to sand and gravel, mining, dam operators, governments and contractors for over 50 years. ROHR-IDRECO is well known in the mining industry, especially sand and gravel, for… Read More
Curtis J. Foltz will step down as executive director of the Georgia Ports Authority on June 30 and will be succeeded by Griffith V. Lynch, the agency’s chief operating officer. READ FULL ARTICLE HERE