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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
SUNSHINE Coast-based dredging and civil construction company Hall Contracting has won a $27 million contract to carry out remediation work at Energy Resources of Australia‘s Ranger Uranium Mine in the Northern Territory. The project will involve operating and maintaining the mine’s cutter suction dredge to safely remove and transfer approximately 26 million cubic metres of… Read More
Shares of Mumbai-based Mercator have gained close to 60% in the past one month on speculation that the company is planning to restructure its businesses. The company, which is currently engaged in dredging, oil and gas, shipping and coal trading, is likely to announce a restructuring of its businesses wherein the dredging business will be kept… Read More
Wärtsilä has signed a contract with the Tianjin Dredging Company, part of the China Communication Construction Company (CCCC), to supply engines and essential ancillaries for a new self-propelled cutter dredger. When completed, the vessel will be one of the largest and most advanced vessels of its type in the world and will become CCCC Tianjin’s… Read More
Henderson accepted the flag for the U.S. Army Corps of Engineers, Omaha District as the new district commander. Brig. Gen. Scott A. Spellmon, Northwestern Division Commander conducted a change of command ceremony at the Double Tree HotelGrand Ballroom in downtown Omaha, recognizing the arrival of the new commander. Henderson comes to Omaha from serving as… Read More
Col. Kirk Gibbs assumed responsibilities as the 61st commander and District Engineer of the U.S. Army Corps of Engineers Los Angeles District during a formal change of command ceremony held July 31 at the Community Center at Fort Mac Arthur in San Pedro, California. Brig. Gen. Mark Toy, commander of the Corps’South Pacific Division, placed… Read More
A new programs director and chief has been named for the Civil Works Integration Division of the U.S. Army Corps of Engineers Mississippi Valley Divisionand the Mississippi River Commission. Renee Turner will develop the federal budget and the fiscal year work plan for the division, which includes areas from the headwaters of the Mississippi River… Read More
The Baltimore District of the Army Corps of Engineers is welcoming a new commander. Col. Edward Chamberlayne took over Friday from Col J. Richard Jordan in a ceremony at Fort McHenry. Jordan served in the position for three years and is retiring. Chamberlayne most recently served as a U.S. Army War College fellow at the… Read More
The Belgian company DEME Environmental Contractors (DEC), member of the DEME Group and the Norwegian company Veidekke Entreprenør AS have established a joint venture and entered into a contract for remediation of the historic refinery site located at Valløy near Tønsberg (Norway), on behalf of Esso Norge AS, the company said in its press release…. Read More
Maintenance dredging of portions of the Federal navigation channel in Cohasset Harbor in Cohasset, Mass., will be completed under the terms of a $1,703,090.00 contract recently awarded by the U.S. Army Corps of Engineers, New England District. Work will be accomplished by H2H Associates LLC, of Troy, N.Y. Dredging is scheduled to start on or… Read More
Ibn Battuta, one of seven CSDs Jan De Nul? Group deployed on the Suez Canal appears to be the first dredger that has reached the design 24 meter mark of depth on the Suez Canal’s 34.5-km stretch, the Group told IAA PortNews. Ibn Battuta is now busy doing its dredging work on the canal at… Read More
DSC Dredge, a Reserve, Louisiana-based manufacturer of dredgers was received the 2015 Lantern Award for the Bayou Region from Louisiana Economic Development. DSC received the Lantern Award for demonstrating excellence in manufacturing and outstanding service to the community through the involvement of its business and employees. DSC was honoured on June 16 during a private… Read More