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Two Chinese state-owned companies are looking to raise a combined total of as much as US$2.6 billion in initial public offerings in Hong Kong in December, betting on signs of improving investor sentiment as markets bounce back, according to people with direct knowledge of the matter READ FULL ARTICLE HERE
The Belgian dredging, environmental and marine engineering group DEME secures several international dredging contracts with a total contract value of 150 million euros, the company said in its press release. It concerns projects that will strongly improve the accessibility of various world ports for international shipping. The execution of the contracts will start immediately and… Read More
The construction of Maasvlakte 2 has been recognised by the award of the prof. dr. ir. J.F. Agema prize, which is awarded every five years to an innovative marine engineering work that was designed or constructed by a Dutch party. Rotterdam, the Netherlands, 10 November 2015 – The construction of Maasvlakte 2 has been recognised… Read More
The company said its net profit rose 434% to Rs.17.31 crore in the September quarter compared with Rs.3.24 crore a year ago. Dredging Corporation of India zoomed 4.4% to Rs.352.50 on BSE. The company said its net profit rose 434% to Rs.17.31 crore in the September quarter compared with Rs.3.24 crore a year ago. The… Read More
The Florida Inland Navigation District, which oversees the navigability of Florida’s Atlantic ICW, announced Wednesday at a press conference at Lauderdale Marina on the ICW that it awarded a $20 million contract to Cashman Dredging of Quincy, Massachusetts, to dredge the ICW to a depth of 17 feet from the 17th Street Causeway Bridge to… Read More
The tugs Erich R. Luedtke and Kurt Luedtke and several barges from Luedtke Engineering in Frankfort are dredging the shipping channel in the St. Clair River. Lynn Rose, a spokeswoman for the U.S. Army Corps of Engineers, said the work could continue into 2016. “We’re at the beginning of the winter,” she said. “I’m sure… Read More
NEW YORK and MANILA, Philippines, Nov. 5, 2015 (GLOBE NEWSWIRE) — PHI Group, Inc. (Pink Sheets: PHIL), a U.S. public company engaged in energy and natural resources, announced today that the Company has signed an agreement in principle covering business cooperation and investment with a Filipino Company, Spartan Mining and Development Corporation. The agreement covers… Read More
With steamships getting bigger, dredging is increasingly critical to seaports such as Maryland Port Administration’s Port of Baltimore. “Dredging has become a very critical component of furthering the MPA’s mission of promoting waterborne commerce through Maryland in a way that provides economic benefits for our state,” said MPA Executive Director James J. White. “Without continuous… Read More
DP World Australia has entered into an exclusive agreement with the Tasmanian Ports Corporation, Tasports, under which the two parties will work together to provide an international container terminal at the Port of Burnie in North West Tasmania. Announcing the plan, Tasports CEO Paul Weedon welcomed the commitment by DP World Australia to progress their… Read More
Ministry has signed a contract with Van Oord Dredging and Marine contractor for the dredging, reclamation and civil works of Gdh.Thinadhoo, S.Feydhoo and K.Himmafushi, The ceremony on 5th November 2015 at Ministry of Housing and Infrastructure was attended by Minister of Housing and Infrastructure, Dr. Mohamed Muizzu and Area manager of Van Oord Dredging and… Read More
The company responsible for the dredging of New Bedford harbor will pay penalties to the EPA for allegedly violating the Ocean Dumping Act. The EPA says Cashman Dredging and Marine Contracting, along with it’s joint venture Cashman-Weeks NB, dumped dredged materials outside of designated locations in Portland, Maine and New Bedford. The agency alleges Cashman… Read More
Dong Energy of Denmark has handed Van Oord a contract to transport and install all 87 foundations at the Walney Extension offshore wind farm off the Cumbrian coast. The wind farm will consist of 40 Vestas and 47 Siemens wind turbines with a total capacity of 660 MW. Van Oord will transport the foundations, monopiles… Read More
HOUSTON, Nov. 05, 2015 (GLOBE NEWSWIRE) — Orion Marine Group, Inc. (NYSE:ORN) (the “Company”), a leading construction company, today reported net loss for the three months ended September 30, 2015, of $7.4 million ($0.27 diluted loss per share). These results compare to net income of $3.0 million ($0.11 diluted earnings per share) for the same… Read More
A team of Dutch water specialists from companies including Royal HaskoningDHV and Van Oord is to assist the Philippines with a plan to safeguard the coast around Tacloban from typhoons. In 2013, the country was hit severely by the destructive typhoon Haiyan, resulting in thousands of casualties and vast material damage. Foreign trade and development… Read More
Wim Biesemans joins the Belgian dredging, environmental and marine engineering group DEME. Biesemans will join DEME’s management team as CEO of DEME Concessions. He will oversee all concession activities related to infrastructure, renewable energy (offshore wind and wave and tidal energy) and marine resources. Wim Biesemans is certainly no stranger to the renewable energy sector…. Read More