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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
Shipbuilder and repair company Coastal Contracts Bhd’s net profit jumped five times to RM17.1 million in its first quarter ended Sept 30, 2018, from RM3.27 million a year ago, largely due to the recognition of a foreign exchange gain compared to a loss previously. Its revenue, however, fell 23% to RM37.13 million from RM48.07 million… Read More
AW Maritime has been engaged by TasPorts to provide specialist consultancy services to assist with planning and delivering its dredging works program. As part of this engagement we have recently worked with the TasPorts staff to manage the widening of a berth pocket to Berth 4 in Burnie Port on the North West Tasmanian coast…. Read More
The hub – announced on Monday – is set to create 16 new full-time jobs through the construction and operation phases, most of which will be in the Highlands and Islands. Building work will start in January with the construction of a 218m long quayside with steel piles, a new retaining wall and nine-acre land… 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
Sen. Cindy Hyde-Smith announced the U.S. Army Corps of Engineers will invest an additional $22.5 million on 15 projects in Mississippi, including $3.0 million for a Vicksburg wastewater project and millions for dredging at ports in Gulfport, Pascagoula, Vicksburg and Greenville. Hyde-Smith, a Senate Appropriations Committee member, sought the additional funding for Mississippi after President… Read More
WorkBoat recognized the 10 Significant Boats of 2018 and named its Boat of the Year at an awards ceremony at the International WorkBoat Show Thursday morning. The 2018 Boat of the year was the Enhydra, a 600-passenger hybrid tour vessel built by All American Marine for Red and White Fleet. Designed by Teknicraft Design, the… Read More
Bob Wallace knew what he was getting into when he bought his waterfront house in the Rosewood community. At times, his yard had turned into an extension of the Intracoastal Waterway. But lately, he’s seen more of it and it’s starting to wear him out. “If we had good rain on the weekend, I’ll get… Read More
Out of more than one hundred submissions, the Dutch offshore contractor nominated 8 participants to the final round. Abyssal specialises in the visualisation and remote control of subsea operations using sensor data to deliver real-time 3D virtual overviews of the entire subsea environment. The will be granted an exclusive, one-year partnership contract with Van Oord…. Read More