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At the glass house office of Azikel Group of Companies in Ogbogura community of Bayelsa State, the staff are few. But the traffic of tippers loading sand at the dredging site, to a discerning eye, tells the true story of the business that has catapulted Dr. Eruani Azibapu, president of the group, to high-class businessman… Read More
Great Lakes Dredge & Dock Corporation, the largest provider of dredging services in the United States and a major provider of environmental and infrastructure services, reported improved financial results November 6 for the quarter ending September 30. Great Lakes reported revenues of $204.3 million, net income from continuing operations of $11.7 million, and earnings before… Read More
Mario Cordero spoke to FreightWaves last week from Hong Kong, where he was making the rounds with customers following the World Shipping Summit in Shanghai. He talked about record container volumes, tariffs and the status of billions of dollars in Port modernization projects. On the Port’s heady FY 2018 volumes “The record volumes commenced with… Read More
Arcadis NV (AMS:ARCAD), which is in the construction business, and is based in Netherlands, saw significant share price volatility over the past couple of months on the ENXTAM, rising to the highs of €15.79 and falling to the lows of €10.93. This high level of volatility gives investors the opportunity to enter into the stock,… Read More
A ship broker has confirmed that his company is listing the decommissioned U.S. Coast Guard Cutter Bramble for sale. “It’s listed with my office in Fort Lauderdale,” said Randy Kluge with the International Yacht Corporation in Fort Lauderdale, Florida. The decommissioned Coast Guard ship, which is owned by Bob and Sara Klingler of Marine City,… Read More
Quantum Capital Management reduced its holdings in Great Lakes Dredge & Dock Co. (NASDAQ:GLDD) by 78.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 61,350 shares of the construction company’s stock after selling 217,571 shares during the quarter. Quantum Capital… Read More
Salina JournalWhen the Q to Q ferry hit a big of a snag on Tuesday morning, Fraser River Pile and Dredge was quick to come to the rescue. Queensborough resident George Holm and his dog Zoe made their way to the dock for their regular morning ride to the Quay, when he noticed that one… Read More
Arcadis Consulting (UK) Limited (formerly Hyder Consulting (UK) Limited) v AMEC (BCS) Limited (formerly CV Buchan Limited) [2018] EWCA Civ 2222 The Court of Appeal has considered multiple exchanges of proposed contract terms and correspondence in order to determine the terms on which two parties contracted for design work and whether a cap on liability… Read More
Russell Investments Group Ltd. increased its position in shares of Great Lakes Dredge & Dock Co. (NASDAQ:GLDD) by 0.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,675,275 shares of the construction company’s stock after buying an additional 17,159 shares during… Read More
Royal IHC has been awarded the KNVTS Ship of the Year award for the 8,400m3 trailing suction hopper dredger (TSHD) SCHELDT RIVER, designed and built for DEME. The award ceremony was held on 12 November at the annual Maritime Awards Gala. This year, the jury selected three nominees out of seven entries for the most… Read More
After almost 12 years in Surf City and 75 years on the water, The Belle of Topsail is headed for a new mission. According to a post on the Belle of Topsail Facebook page, The Belle left Surf City Monday to the boatyard. Previous posts show the Belle was severely damaged and partially sunk during… Read More
A hopper dredger ship Veera Prem belonging to an Indian shipping company has run aground near Nagapattinam coast of Tamil Nadu due to the assault by cyclone Gaja. According to weather.com, severe cyclonic storm Gaja crossed Tamil Nadu and Puducherry coast between Nagapattinam and Vedaranniyam in the early hours of Friday. The coast of Nagapattinam… Read More
SCOTTSDALE, Ariz.–(BUSINESS WIRE)–VC Giant Greycroft bets big on creators of Globaltranz, Andrew and Michael Leto Emerge, the creators of the Private Freight Marketplace (PFM) – a platform for connecting shippers and carriers, announced today that they have raised $20 million dollars in a seed round. Greycroft, a leading New York and Los Angeles based venture… Read More
This year, the jury selected three nominees out of seven entries for the most prestigious maritime award. To be nominated, ships have to be developed, and preferably built, in The Netherlands between 1 May 2017 and 30 April 2018. Included in the assessment criteria were the ship’s design, economy, sustainability, safety and the building process…. Read More
Great Lakes Dredge & Dock Corporation (GLDD) stock price moved 23.31% away from 20-Days Simple Moving Average, 23.46% from 50-Days Simple Moving Average and separated 39.14% from 200 Days Simple Moving Average. Great Lakes Dredge & Dock Corporation (GLDD) reported loss -0.14% in recent buying and selling session with closing price of $ 7.25. The… Read More