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After a lifetime of almost 100 years, the Northern lock in IJmuiden needs replacement. Rijkswaterstaat (the Dutch Highways and Waterways Agency) has awarded the construction of the new IJmuiden sea lock, which is located at the entrance to the North Sea Canal, officially to the Consortium OpenIJ. This consortium, consisting of BAM-PGGM and Volker Wessels-DIF… Read More
Navios Maritime Holdings Inc. (BULK) (NYSE: NM) $11 9 . 8 million revenue for Q 2 2015 Dividend of $0.06 per share for Q 2 2015 Chartering captures recovery from first half low Strong balance sheet – $ 181 . 3 million of cash Low o perating expenses – significantly below industry average Diversified investment… Read More
Hawaiian Dredging Construction Co. is owed at least $24.5 million from Hu Honua Bioenergy for work the Honolulu-based general contractor has done at the Big Island biomass plant, Hawaiian Dredging’s general counsel and vice president confirmed to PBN. In December, Hu Honua Bioenergy, which is in the process of refurbishing the power plant originally built… Read More
German manufacturer MAN Diesel & Turbo is to supply the engines for what will be the world’s largest cutter suction dredger (CSD), ordered by Belgium dredging company Jan De Nul. Currently designated JDN8069 and being built at Croatian shipyard Uljanik Brodogradiliste in Pula, the vessel will feature one MAN 14V48/60CR and two MAN 9L48/60CR engines…. Read More
Dutch marine engineering company Boskalis reported a 21 percent rise in first-half earnings, comfortably beating market expectations thanks to an exceptionally strong performance by its dredging business and an investment windfall. However the company warned on Thursday that earnings for the fall year would fall short of the record profit it booked in 2014. It… Read More
Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD): 2 Analyst have given the stock of Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) a near short term price target of $7.75. The standard deviation reading, which is a measure by which the stock price is expected to swing away from the mean estimate, is at $1.06. The… Read More
Stephens began coverage on shares of Orion Marine Group (NYSE:ORN) in a research note released on Monday,MarketBeat reports. The firm issued an overweight rating and a $10.00 price objective on the stock. A number of other brokerages also recently commented on ORN. TheStreet lowered Orion Marine Group from a buy rating to a hold rating… Read More
Government today fixed Rs 382 apiece as the floor price for 5 per cent stake sale in Dredging Corporation of India (DCI) on Friday, a move that is likely to fetch it Rs 54 crore. “Government of India the promoter of Dredging Corporation of India Ltd has informed the floor price for the offer in… Read More
ATHENS, Greece, Aug. 17, 2015 (GLOBE NEWSWIRE) — Diana Shipping Inc. (NYSE:DSX) a global shipping company specializing in the ownership of dry bulk vessels, today announced that, through a separate wholly-owned subsidiary, it entered into a time charter contract with China Shipping Bulk Carrier Co., Ltd., Hong Kong, for one of its Panamax dry bulk… Read More
Great Lakes Dredge & Dock Corp (GLDD): Nathan Leight , director of Great Lakes Dredge & Dock Corp purchased 17,809 shares on Aug 14, 2015. The Insider buying transaction was disclosed on Aug 18, 2015 to theSecurities and Exchange Commission. The shares were purchased at $5.59 per share for a total value of $99,770.22. Currently… Read More
Having assumed charge as chairman and managing director of Dredging Corporation of India(DCI) in February earlier this year, Rajesh Tripathi is now not only planning to consolidate the dredging firm’s presence in India but is also looking to expand the company’s footprint to foreign shores. The 53-year-old Indian Engineering Service officer joined the Indian Railways… Read More
The government on Wednesday announced it will sell 5% of its stake in Dredging Corp. of India Ltd in an offer for sale as part of its divestment programme. The offer will open on 21 August, the firm said in filing to the stock exchanges. The government is looking to sell up to 1.4 million… Read More
Col. Calvin C. Hudson, II assumes command of the U.S. Army Corps of Engineers, Fort Worth District, during a 1:30 p.m. assumption of command ceremony Aug. 14 at the Magnolia Ballroom, Sheraton Fort Worth Hotel. Hudson takes over the district from Lieutenant Colonel Clay A. Morgan, who assumed command on a temporary basis since March…. Read More
Only one contractor bid on a large Port of Kalama dredging project, but the port seems to have found a decent price for the work anyway. Port commissioners Wednesday approved an $894,000 contract with Vancouver-based HME Construction Inc. to dredge 50,000 yards of sand out of the ship mooring area at the TEMCO Grain Terminal… Read More
Zacks upgraded shares of Orion Marine Group (NYSE:ORN)from a hold rating to a buy rating in a research note issued toinvestors on Monday, AnalystRatings.Net reports. Zackscurrently has $8.25 target price on the stock. According to Zacks, “ORION MARINE GROUP, INC. provides a broad range of marine construction and specialty services on, over and under the… Read More