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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
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