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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
Great Lakes Dredge & Dock (NASDAQ:GLDD) was upgraded by equities researchers at BidaskClub from a “sell” rating to a “hold” rating in a research report issued on Thursday, November 1st. GLDD has been the topic of a number of other reports. ValuEngine raised shares of Great Lakes Dredge & Dock from a “buy” rating to… Read More
Some back and forth about the urgency of dredging Grand Canal took place at the Newport Beach City Council meeting on Oct. 23. City Council members ultimately decided to move forward with a re-bid that would complete the second phase of the dredging operation. The first phase of the dredging activity was completed in February… Read More
United Kingdom-based HR Wallingford has sold out its upcoming two-day dredging course. The course is designed to provide an introduction to dredging for those who are responsible for commissioning and managing dredging contractors and those who regulate dredging. It will give an overview of the environmental aspects of dredging, as well as the latest technology… Read More
Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) moved -0.70% from the recent close and currently pricing at $7.10. There has been some talk amongst investors regarding this name and is on many “cheap” stock watchlists. Cheap that is in terms of price, but what about value? Investing in the stock market offers the potential for… Read More
The U.S. Army Corps of Engineers (USACE) announced its Fiscal Year (FY) 2019 Work Plan, which includes an additional $59 million in funding for the Corpus Christi Ship Channel Improvement Project (CIP). This funding brings the total Federal appropriations for the CIP to $95 million. The estimated CIP cost is $360 million, of which the… Read More
BlackRock Inc. raised its position in Infrastructure and Energy Alternatives (NYSE:IEA) by 83.4% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,834,278 shares of the company’s stock after purchasing an additional 834,278 shares during the period. BlackRock Inc. owned 8.50%… Read More
The federal government will contribute another $41.4 million toward the Charleston Harbor deepening that’s designed to keep big container ships visiting the Port of Charleston, the Army Corps of Engineers said Wednesday. The money is coming from the Army Corps’ work plan, which provides funding for waterway navigation and other projects in addition to what… Read More