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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
Contrary to the content of a petition it received, the Nigerian Ports Authority did no wrong in the award of a N13.67 billion contract, the anti-graft agency, EFCC, says. The contract was for the dredging of the Escravos Channel, Delta Port in Warri, Delta State. It was awarded to Dredging International Services Nigeria Limited, a… Read More
“America is a maritime Nation. It is a Nation shaped by seafarers who recognized the tremendous economic potential derived from unrestricted access to the oceans, internal waterways, deepwater ports and protected straits and bays. This geostrategic advantage favorably shapes our Nation’s security, economic prosperity, and global standing.” US Coast Guard issues report: Maritime commerce strategic outlook… Read More
Some 10 or so landowners around Wabasha have received letters with a gentle request: Think about selling, please. The St. Paul District of the U.S. Army Corps of Engineers sent letters concerning 15 parcels of land — some landowners owned more than one parcel — looking for willing participants in the Corps’ efforts to create… Read More
All right great, so this is the last and probably best meeting that we will have at the end of our conference. So with us today I’m very pleased to have Caterpillar, we’re very lucky to Bob De Lange, who is the Group President of Services, Distribution & Digital. We have Derrick York, who is… Read More
Arcadis NV (AMS:ARCAD) is a small-cap stock with a market capitalization of €985m. While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. Why is it important? Assessing first and foremost… Read More
Jan De Nul Group pockets another award for its sustainable and innovative approach. Lloyd’s List, a world leading online source of maritime insights, presented today in Dubai the Lloyd’s List South Asia, Middle East and Africa Environment Award to Jan De Nul Group for its innovative and green design of Ultra-Low Emission Vessels. “Our starting… Read More
Dredge Central advises with sorrow that its founder, Donald R King, age 91, passed away November 19, 2018. He is survived by wife Kathleen (Bitsy) King; children, Rick King, David (Hajdi) King, Roger (Terry) King, and Clif (Terry) King. Don graduated from Hillsboro High School, attended the University of Tennessee, and served in the US… Read More