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Orion Group Holdings, Inc. announced a contract award of approximately $12 million. The Company’s Heavy Civil Marine Construction segment, Orion Marine Group, was recently awarded a contract from the United States Army Corps of Engineers to perform dredging services in the Corpus Christi Ship Channel. The project entails dredging work within the Inner Basin to… Read More
South Korea’s Samsung Heavy Industries said on Friday its board of directors have approved a plan to raise about 1.1 trillion won ($985.22 million) via a rights issue as the shipbuilder struggles to cope with a prolonged downturn. Samsung Heavy Industries, part of the Samsung Group conglomerate, has been planning to sell share as it… Read More
Van Oord’s Spanish subsidiary Dravo S.A. has been awarded a number of long-term beach maintenance contracts. These projects will contribute to both coastal defences as well the development of tourism. This year’s beach replenishments in Barcelona and La Pineda near Tarragona have already been completed. Activities on the beach of Playa de Castillo on the… Read More
Dutch offshore engineer Boskalis reported a 36 percent fall in core earnings in the first half but still beat analyst expectations for the company, which has been hit by low oil prices and falling demand in the global dredging market. Boskalis made earnings before interest, tax depreciation and amortization of 317.6 million euros ($359 million),… Read More
Orion Group Holdings, Inc. announced a contract award of approximately $12 million. The Company’s Heavy Civil Marine Construction segment, Orion Marine Group, was recently awarded a contract from the United States Army Corps of Engineers to perform dredging services in the Corpus Christi Ship Channel. The project entails dredging work within the Inner Basin to… Read More
Cargo tonnage on the St. Lawrence Seaway is down 11 percent for the quarter ending July 31, according to a report released by the seaway, and the Port of Cleveland is down by about 7 percent. Jade Davis, the port’s vice president for external affairs, said the decline is illusory because last year was so… Read More
Dredging Corporation of India (DCI) is expanding its operations to technical management of dredgers owned by Inland Water Authority of India (IWAI). Addressing employees on the occasion of 70th I-Day, Chairman and Managing Director Rajesh Tripathi they had successfully completing Andaman Islands Dredging Project and wished timely completion of the Mormugao Project. SOURCE: The Hindu
With a debts profile in excess of N1.17 billion from the Calabar Port alone, the Managing Director, Nigerian Ports Authority (NPA), Hadiza Bala Usman, has vowed to block all revenue leakages in the company, while also pursuing huge debtors including the Nigerian National Petroleum Corporation (NNPC), terminal operators, and a host of others. NNPC alone… Read More
Ellicott Dredge Technologies (EDT) is pleased to announce the successful start up and installation of a state-of-the-art Mud Cat brand ROV (remote operated vehicle) at the world famous Gardens by the Bay nature park in central Singapore. ML Trading International purchased a Mud Cat Model SRD-6EHV ROV System to fulfill a contract to clean approximately… Read More
The inaugural year of the Emerging and Developing Global Executives (EDGE) Program is complete, and according to the participants, it was a great success. Building on that success, WTCI and the Bowe-Stewart Foundation are excited to introduce the second cohort of Bowe Fellows, Jim Maltese PMP, Vice President of Major Projects, Ellicott Dredges. Jim is… Read More
Sediment Tracing specialists Partrac have been assisting academic staff and researchers from Mississippi State University to implement a beach sediment tracking study on Deer Island, Mississippi, the closest barrier island to the Mississippi Gulf Coast. The study was commissioned and funded by the Mississippi Department of Marine Resources’ (DMR) Mississippi Tidelands Trust Fund Program. It… Read More
Federal environmental regulators fined a Florida real estate company $187,500 and ordered them to restore wetlands after finding evidence of illegal dredging. The Daytona Beach News-Journal reports (http://bit.ly/2aSrn94 ) that the U.S. Environmental Protection Agency and Consolidated-Tomoka Land Company settled a longstanding case related to the illegal dredging on 163 acres of wetlands in Daytona… Read More
Maersk Line, the world’s biggest container shipping company, has decided to stop services to and from 10 ports in China as part of a drive to reduce costs. Maersk Line, a unit of Danish conglomerate A. P. Moller-Maersk, has, like other container shipping companies, been hit by historically low freight rates in the first half… Read More
Idreco BV, a subsidiary of Rohr International Dredge Holdings and Ellicott Dredge Enterprises, announces that Wim Snippe, the Managing Director of Idreco BV, has decided after a long career in designing and building dredges and pumps to retire from Idreco BV and pursue other interests unrelated to Idreco BV and its sister companies’ activities. “We… Read More
Danish shipping giant AP Moller-Maersk has reported a sharp fall in the second-quarter and first-half 2016 net profits on weak container freight rates and the soft oil price with only Damco, its logistics business, improving its performance on a year ago. Group net profit declined to USD118 million in the second quarter from USD1.09 billion… Read More