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The Board of Directors of Caterpillar Inc. (NYSE: CAT) elected Jim Umpleby, the company’s Chief Executive Officer, to the additional position of Chairman of the Board. Umpleby has been a member of the Board and Chief Executive Officer since January 1, 2017. Dave Calhoun, who has served as non-executive Chairman since April 1, 2017, will… Read More
Dredging is an important industry with its uses in many spheres. As the population of the world keeps on increasing, particularly in the coastal areas, more amount of coastal land needs to be reclaimed and protected from erosion and floods, giving rise to the need of dredging in the coastal areas. Also, due to the… Read More
Arcadis has announced it has appointed Lisa Samways as client and sales executive director for Australia Pacific. Samways was previously Arcadis’ business leader for national buildings design in Australia, and takes on the new role following the appointment of Stephen Uhr as executive director Asia Pacific – clients, innovation and strategy. CEO Malcolm McDowall says,… Read More
Expected to come on stream in mid-2020, Borealis has taken the final investment decision to expand the capacity of its PP plant in Kallo, Belgium, by 80kt. The company has also approved the start of the Front End Engineering and Design (FEED) phase for the expansion of its PP plant in Beringen, Belgium. This project… Read More
The advanced ‘Integrated Confined Dredge Material Placement’ (CDMP) design methodology has won the ‘Innovative Dredging Technology of the Year’ category at the Dredging and Port Construction Awards 2018. The judges spotlighted the advanced design methodology for CDMP as one of the most powerful reclamation modelling tools in the dredging industry. It provides port owners, land… Read More
Cheniere Energy (LNG +0.7%) says it has shipped out its first cargo of liquefied natural gas from its Corpus Christi, Tex., facility. The company does not reveal the destination, but the cargo marks the first ever LNG shipment from Texas. “Exporting the first commissioning cargo of LNG from Texas demonstrates Cheniere’s ability to deliver projects… Read More
Coastal Protection and Restoration Authority Chairman Johnny Bradberry, who has overseen Louisiana’s coastal restoration and hurricane levee construction since January 2016, is stepping down effective Jan. 1 to pursue an opportunity in the private sector, Gov. John Bel Edwards announced Thursday (Dec. 6). Chip Kline, now deputy director for coastal activities in the governor’s office,… Read More
Parrish & Heimbecker is building a new grain export terminal at the Port of Vancouver and that means further investment in inland facilities, increasing delivery opportunities for prairie growers. The terminal will add 3.5 million tonnes of annual handling capacity to the firm’s existing 500,000 tonnes of capacity at its joint venture facility currently operating… Read More
Great Lakes Dredge & Dock (NASDAQ:GLDD) and Williams Industrial Services Group (OTCMKTS:WLMS) are both small-cap construction companies, but which is the better investment? We will compare the two companies based on the strength of their institutional ownership, valuation, earnings, risk, dividends, profitability and analyst recommendations. Great Lakes Dredge & Dock currently has a consensus target… Read More
Dredge Central, LLC of Goodlettsville, Tennessee, learned of the November 19 that company founder Don King has died. King graduated from Hillsboro High School in Nashville, Tennessee, attended the University of Tennessee in Knoxville, Tennessee, and served in the U.S. Navy in WWII. In his earlier years King delivered telegrams by bicycle for Western Union,… Read More
BLP advised Arcadis on the transaction Arcadis Nederland B.V. signed a contract with the Government of Nicaragua in order to develop the project for the Deepwater Port in Bluefields. The $275 Million project of Bluefields’ Port would help reduce Nicaragua’s dependence on the foreign ports of Cortes (Honduras) and Limon (Costa Rica), on the Atlantic…. Read More
Great Lakes Dredge & Dock Corporation (GLDD) is stock of Industrial Goods sector that received attractive attention from Investors and traders. It gone under observation and created a move of -3.20% at the closed at $7.25 on Tuesday Trading session. Great Lakes Dredge & Dock Corporation stock price identified moved of -6.09% from its 52-week… Read More
The third annual Dredging and Port Construction Awards were held November 20 in Amsterdam, the Netherlands to promote innovation, efficiency and sustainability in the dredging industry. The event is organized by HIS Dredging and Port Construction. DEME was awarded the Dredging and Port Construction (DPC) “Dredger of the Year” for its 164-meter (538-foot) LNG-powered, cutter… Read More
Royal Boskalis Westminster N.V. (Boskalis) has acquired the contract for the supply and installation of the inter-array cables for the Moray Offshore Windfarm East (MOWE). In June 2017, Boskalis signed a Preferred Bidder Agreement with MOWE which has now been converted into a binding contract following the project’s financial close. The total value of the… Read More
A ship loaded with 4,500t of equipment by Bam Nuttall has been sent on a month-long journey to Antarctica, where it will be used for building a new wharf at Rothera Research Station. The new wharf, being built over the next two Antarctic seasons, is set to provide berthing and unloading for a new polar… Read More