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Eagle Bulk Shipping Inc. (Nasdaq: EGLE) today announced its results for the second quarter ended June 30, 2015. For the Second Quarter: Net loss of $27.5 million or $0.73 per share for the Company, compared with net loss of $44.7 million, or $2.61 per share for the comparable quarter of 2014. Net revenues of $22.7… Read More
The SRIA board addressed Pensacola Beach renouishment at its Wednesday meeting. Board members approved Weeks Marine, Covington, La., as beach renourishment contractor, contingent on receiving an Army Corp permit and the state plugging in the totals and then writing its matching grant. The SRIA selection committee accepted bids from Weeks Marine, Manson and Great Lakes…. Read More
The Foth Companies (Foth) was recently presented with a WEDA (Western Dredging Association) Environmental Excellence Award at the organization’s annual Summit and Expo in Houston, Texas. The awards are given annually to the most innovative dredging projects that effectively incorporate stakeholder outreach and create notable environmental and economic benefits. In the Navigation Dredging category, the… Read More
Dredging Corporation Of India announced a substantial rise in consolidated net profit for the quarter ended June 2015. During the quarter, the profit of the company rose 49.91% to Rs 167.00 million from Rs 111.40 million in the same quarter previous year. Revenues for the quarter declined 11.36% to Rs 1,678.30 million, compared with Rs… Read More
Van Oord has been awarded the dredging contract for the Kaohsiung Intercontinental Container Center Phase II in Taiwan. The contract is with the Port of Kaohsiung, Taiwan International Ports Corporation (TIPC) and is worth approximately $144.5m. The preparations have already started and the execution period runs until January 2018. The project involves the dredging and… Read More
A Bristow Sikorsky S-76 helicopter with registration number 5N-BDG-760540 yesterday crashed in the lagoon bordering Oworonsoki, a suburb in Lagos, with 12 persons on board. The helicopter crash resulted in the death of four people whose bodies were recovered, the rescue of six others who were rushed to hospitals, and two others who had still… Read More
Col. Calvin C. Hudson II is to assume command of the Fort Worth District of the U.S. Army Corps of Engineers during a ceremony today in Fort Worth. He will supervise the operation and maintenance of Lake O’ the Pines and Sam Rayburn Reservoir and Wright Patman Lake in East Texas, along with 22 other… Read More
Finland-based Wärtsilä has confirmed it will supply dual-fuel LNG/diesel engines for Belgium dredging major DEME’s 8,000m³ Antigoon class trailing suction hopper dredger (TSHD) Scheldt River. One of two dual-fuel (DF) TSHDs ordered by DEME, Scheldt River will be joined by the smaller Minerva, a 3,500m³ new-generation vessel designed to replace the current Orwell class TSHDs…. Read More
Dutch dredging giant Van Oord has placed an order for complete MAN Diesel & Turbo propulsion packages for two 17,000 m³ trailing suction hopper dredgers (TSHDs). Being built by Spanish yard Construcciones Navales del Norte in Bilbao, the comprehensive MAN packages consist of: 6L48/60CR engines; RENK gearboxes with PTO; Alpha CP propeller systems; Alpha high… Read More
Wärtsilä dual-fuel engines will power DEME Group vessel Scheldt River, the first dredger capable of using LNG as fuel. Under construction at Royal IHC in the Netherlands, the “Antigoon” class dredger will have 8,000 cu m hopper volume. Wärtsilä will supply power, including a 12-cylinder and 9-cylinder 34DF engine, propulsion, including two Wärtsilä controllable pitch… Read More
Rotterdam headquartered Van Oordhas placed an order for two trailing-suction hopper dredges at the CNN LaNaval Shipyard in Sestao, Spain, with delivery dates scheduled for 2017. The order is part of Van Oord’s continuous investment program. The new dredges will have a hopper capacity of approximately 17,000 cu.m, a length of 158 m and a… Read More
Great Lakes Dredge & Dock Co. (NASDAQ:GLDD) issued its quarterly earnings results on Tuesday. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by $0.02, MarketBeat reports. The firm earned $238.90 million during the quarter, compared to the consensus estimate of $227.10 million. During the same quarter… Read More
On Thursday 6 August 2015, the consortium Dredging International (75%) and Great Lakes Dredge & Dock Company (25%) will participate in the opening festivities of the modernised Suez Canal in Egypt, the Group said in a press release. Thanks to the widening and deepening of the canal, the waiting time on the navigation route has… Read More
A proposal to rezone the MCM Marine, Inc. property from Tourist to a new designation — Marine Services — inched ever closer Monday evening as the Sault Ste. Marie City Commission unanimously moved to put this matter before the public at its Aug. 3 session. The controversial parcel has generated both supporters and detractors over… Read More
A dredging company has been ordered to pay more than $120,000 after a worker was crushed to death on a barge in November 2013. Dredging NZ was sentenced in Auckland District Court yesterday on charges laid by Maritime New Zealand for failing to ensure the safety on an employee. Peter Bateman died after being crushed… Read More