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Great Lakes Dredge & Dock (NASDAQ:GLDD) was upgraded by equities research analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Wednesday, November 21st. A number of other equities analysts have also recently commented on the company. Noble Financial set a $8.00 price target on Great… Read More
Barnhart Crane & Rigging Company, Memphis, Tenn., said it recently transported its sixth water runner bound for a hydroelectric power plant in Michigan, completing a project begun in 2013. Barnhart’s scope of work included transporting the components from the Port of New Orleans to the Illinois International Port District in Chicago, Ill., where the equipment… Read More
Summary Along with Boeing, Caterpillar has been a poster child for the U.S./China trade dispute. But underlying sales and operating margins continue to be strong. Q3 EPS was a quarterly record $2.88/share and sales grew 19%. The recent sell-off has put shares solidly into undervalued territory, given the $13+/share cash hoard and $11.50 midpoint of… Read More
T. Parker Host is pleased to announce a strategic investment from Metalmark Capital. Metalmark is a leading private equity firm with a long track record of successfully investing in family and founder-owned businesses in targeted sectors, with particular expertise in infrastructure and commodity-related industries. Financial terms of the transaction were not disclosed. The strategic investment… Read More
1. THIRD INFORMAL MEETING WITH NOTEHOLDERS The Board of Directors of ASL Marine Holdings Ltd. and together with its subsidiaries, refers to the Company’s announcements dated 7 September 2018, 19 September 2018, 12 October 2018, 29 October 2018 and 21 November 2018. Further to the Previous Announcements, the Company wishes to update that the Company… Read More
Port Houston, the international port of Texas, has been a Konecranes customer for over 15 years. The port currently operates 90 Konecranes diesel-electric RTGs. The new RTGs will be hybrid, for eco-efficient operation without compromising crane performance. The hybrid system will have a Lithium-ion battery pack and advanced battery management system that will monitor the… Read More
Getting permission to dump sand in federally maintained dredged material disposal areas may not be entirely impossible, but a nationwide policy heavily restricts access for North Carolina coastal municipalities and businesses that have long relied on the sites. If the Army Corps of Engineers’ Wilmington District office, along with local and state officials, can come… Read More
The Marine Survey Office was not justified in issuing a detention order for a ship damaged while it was berthing in Greenore port, Co Louth, the High Court has ruled. The Circuit Court had previously ruled the Marine Survey Office of the Department of Transport, Tourism and Sport, was not justified in detaining the MV… Read More
The Indian Government has agreed to sell a 73.44% stake in the Dredging Corporation of India (DCI) to a consortium of four state-owned ports, including Visakhapatnam Port Trust, Paradip Port Trust, Jawaharlal Nehru Port Trust and Kandla Port Trust. The move reverses a previous decision by Cabinet to privatise the dredging contractor, an option which… Read More
The coarse sand barrier has won first prize in the Flood Risk Management category of the 2018 Water Innovation Awards. On 29 November, Leo Voogt and Ulrich Förster picked up the award on behalf of the Rivierenland Water Authority and the POV programme (part of a research programme of Rijkswaterstaat’s National Flood Protection Programme). It… Read More
As much as 76 per cent of the ?700 crore maintenance dredging market at India’s state-run major Port Trusts will be out of bounds for private dredging contractors after a consortium of four port trusts—Visakhapatnam, Deendayal, Paradip and Jawaharlal Nehru—buys the Centre’s 74.44 per cent stake in the Dredging Corporation of India Ltd (DCI). This… Read More
A.P. Moller – Maersk aims at having carbon neutral vessels commercially viable by 2030 and calls for strong industry involvement. Aimed at accelerating the transition to carbon neutral shipping, Maersk announces today its goal to reach carbon neutrality by 2050. To achieve this goal, carbon neutral vessels must be commercially viable by 2030, and an… Read More
It’s easy come easy go for Caterpillar (CAT -4.7%) shares, which have surrendered all of yesterday’s gains that followed the U.S.-China trade truce and an upgrade from BofA Merrill Lynch. But Ari Wald, head of technical analysis at Oppenheimer, says CAT is not the stock to take advantage of the trade war truce, telling CNBC… Read More
Sentinel Capital Partners, a private equity firm that invests in promising companies in the lower midmarket, today announced the acquisition of Apex Companies, LLC, a water resources, environmental services, and industrial hygiene firm. Terms of the deal were not disclosed. Apex offers comprehensive services to assess, prevent, and cure environmental issues related to water, ground,… Read More
The U.S. Army Corps of Engineers last week released The Great Lakes Mississippi River Interbasin Study – Brandon Road Final Integrated Feasibility Study and Environmental Impact Statement (GLMRIS-Brandon Road Report and EIS). The report includes a plan to prevent aquatic nuisance species, such as Asian carp, from moving from the Mississippi River basin to the… Read More