It's on us. Share your news here.
It's on us. Share your news here.
Inix Technologies Holdings Bhd is optimistic over outlook, given its diversification initiative into the promising dredging and land reclamation services industry. It is doing this via a 30 per cent stake in Galactic Maritime (M) Sdn Bhd. Executive Director Chow Hung Keey said Inix has also proposed a two-for-one rights issue and detachable warrants to… Read More
Royal IHC has aquired raser Hydraulic Power (FHP) in he UK and Robbins Technology Group (RTG) in Brisbane, Australia. In so doing it has expanded its offshore rental fleet and gained a stronger foothold in the mining market. Founded in 1986, FHP designs and builds systems for laying subsea cables and umbilicals with tracked engines… Read More
Malaysian luxury property developer Eastern & Oriental (E&O) has selected infrastructure giant China Communications Construction Company (CCCC) for major land reclamation works on the second phase of its high-end residential development on Penang Island. Under the contract, worth just over $534m (RM2.320bn), CCCC’s newly formed Malaysian subsidiary will dredge to reclaim 891 acres for phase… Read More
Great Lakes Dredge & Dock Corporation in the US has reported financial results for the quarter ended September 30, 2015 and nine month period to that date. For the quarter ended 30 September 2015, Great Lakes reported revenue of US$220.8 million, net income of US$0.3 million, and adjusted EBITDA of US$23.1 million. During the quarter,… Read More
A consortium of the Netherlands’ Van Oord Dredging and Marine Contracting and India’s JSW Group is the sole remaining bidder for a contract to deepen the channels at state-owned Mormugao Port in Goa, India. The outer channel will be dredged to 19.8 m and the inner channel to 19.5 m to accommodate Capesize vessels. This… Read More
The contractor for the Hanhikivi 1 nuclear power plant, Titan-2, has awarded a contract for dredging of the harbour basin at Hanhikivi to Wasa Dredging Oy Ltd. The contract covers removal of soil and transportation of the dredged material to a marine spoil area in accordance with permits granted by the Regional State Administrative Agency… Read More
HOUSTON, Oct. 27, 2015 (GLOBE NEWSWIRE) — Orion Marine Group, Inc. (NYSE:ORN) (the “Company”) today announced it will release its financial results for the third quarter of 2015 on Thursday, November 5, 2015, at approximately 5:00 a.m. Eastern Time/4:00 a.m. Central Time. The Company will conduct a telephone briefing at 10:00 a.m. Eastern Time/9:00 a.m…. Read More
OAK BROOK, Ill., Oct. 27, 2015 (GLOBE NEWSWIRE) — Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) today announced that it will release its financial results for the three and nine months ended September 30, 2015 on Tuesday, November 3, 2015 at 7:00 a.m. C.S.T. A conference call with the Company will be held the same… Read More
Lifestyle property developer Eastern & Oriental Bhd (E&O) has awarded RM2.32 billion worth of land reclamation works to Chinese contractor China Communications Construction Co Ltd (CCCC) for the proposed Seri Tanjung Pinang Phase 2 (STP2) project in Penang. In a filing with Bursa Malaysia today, E&O said its subsidiary Tanjung Pinang Development Sdn Bhd has… Read More
The Port of Brookings Harbor is the operator of a new dredge purchased by the state of Oregon to serve south coast ports from Reedsport to Brookings. Brookings port officials spearheaded the effort to purchase the dredge and the state selected the port to oversee its operation along the coast, said Port Manager Ted Fitzgerald…. 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 an award for a $103 million contract for the construction of the National Resources Damage Assessment (NRDA) Caillou Lake Headlands (TE-100) project from the State… Read More
The U.S. Army Corps of Engineers, Galveston District, awarded a $5,863,500 maintenance dredging contract for work in the Texas Gulf Intracoastal Waterway (GIWW), Corpus Christi Ship Channel to Port Isabel in Nueces, Kleberg, Kennedy, Willacy, and Cameron counties, and for work at the entrance to the Port Isabel Small Boat Harbor in Cameron County. A… Read More
Mordraga LLC successfully completed this year’s dredging operations at Sabetta port (Yamal), the Company told IAA PortNews. According to the statement, 12 vessels were involved. Just like last year, the project was initiated by USK MOST Group who was appointed by the Russian Government as a sole contractor for the construction of major seaport facilities… Read More
Acquisition of effective and durable dredging machine could only be achieved by importation. This was the belief until Nwakama Dredge Nigeria Limited; a local fabrication company based in Port Harcourt, Rivers State, recently undertook a one-day public inspection of 18-feet Cutter Suction Dredger it designed and constructed. Following the wide publicity given to the inspection… Read More
One of the nation’s largest construction firms will take a financial hit for the third quarter of 2015 in part because of problems in its Tampa office. Orion Marine Group Inc. (NYSE: ORN) said it expects to post a third quarter 2015 loss of 25 cents to 30 cents a share, citing the impact of… Read More