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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
Hampton-Seabrook Harbor is one step closer to an emergency dredging project. The Army Corps of Engineers says it plans to spend $4.6 million for maintenance in New Hampshire’s largest fishing port. The project was included in the Corps’ national work plan for next year. The Corps received money this year to plan the dredging project…. Read More
North American Construction Group Ltd. or NACG has acquired all assets related to the Contract Mining business of Aecon Group Inc., a Canadian construction and infrastructure development company. The deal is valued at a purchase price of $199.1 million, subject to customary closing adjustments. Aecon’s Contract Mining business provides overburden removal and environmental reclamation services… Read More
The U.S. Army Corps of Engineers (USACE) delivered to Congress its Fiscal Year 2019 (FY 2019) Work Plan for the Army Civil Works program yesterday. On September 21, 2018, President Trump signed into law the Consolidated Appropriations Act, 2019, Public Law 115-244, of which Division A is the Energy and Water Development and Related Agencies… Read More
It is interesting to see the consensus price for analysts who follow this stock to be at $156 per share. Morningstar which also covers this stock has a fair value of $186. Incidentally, the share price at present is trading at just below $123 a share. The optimism in Caterpillar (CAT) is coming from recent… Read More
We are delighted to announce that our joint product with IADC, the book Dredging for Sustainable Infrastructure is now available. The book gives state-of-the-art guidance on how to design, implement and manage a water infrastructure project with a dredging component in a sustainable manner. Presented insights result from a wealth of up-to-date knowledge pooled by… Read More
Royal Boskalis Westminster N.V. (Boskalis) with its partners has been selected as a contractor on Saudi Aramco’s Long Term Agreement for Offshore Facilities (LTA) program. The LTA is part of an ambitious offshore investment program and covers engineering, procurement, construction, transportation and installation (EPCI) contracts to support Saudi Aramco’s Offshore Maintain Potential Program, Oil &… Read More
Royal Boskalis Westminster N.V. (Boskalis) has been awarded a sizable export cable installation contract for the Ostwind 2 offshore grid connection. The contract was awarded by 50Hertz and carries a value for Boskalis in excess of EUR 250 million making this the largest cable installation contract acquired by Boskalis ever. The contract scope comprises design… Read More
The Project 21900M icebreakers were built for Russia’s Federal Agency of Marine and River Transport (Rosmorrechflot). Two icebreakers were built by Vyborg Shipyard, while the third vessel was constructed by Arctech Helsinki Shipyard. The Project 21900M icebreakers were designed by CDB Baltsudoproekt. The keels of three upgraded diesel-electric icebreakers were laid at Vyborg Shipyard in… Read More