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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
Great Lakes Dredge & Dock (NASDAQ:GLDD) was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating in a report issued on Tuesday, October 23rd. Several other analysts also recently weighed in on GLDD. Zacks Investment Research downgraded Great Lakes Dredge & Dock from a “strong-buy” rating to a “hold” rating in… Read More
Engineering consultancy Arcadis has confirmed two senior appointments in its UK wing, as the firm prepares for a busy 2019. Steve Bromhead takes on the role of Chief Operating Officer, while Tom Morgan will work as Arcadis’ UK Client Development Director. The infrastructure of the future will require new thinking to maximise quality of life… Read More
Thames Water Utilities Ltd., Microvi Biotechnologies, and WesTech Engineering, Inc. are conducting a collaborative demonstration for transformational wastewater treatment at the Thames Water treatment plant in Sherfield-on-Loddon, UK. This demonstration of Microvi’s proprietary treatment technology, Microvi MNE™, was installed and commissioned in June. The Microvi MNE process could work within Thames Water’s existing infrastructure and… Read More
Unaudited Quarterly Financial Statements Announcement For The First Quarter Ended 30 September 2018 1(a)(i) An income statement and statement of comprehensive income, or a statement of comprehensive income for the group, together with a comparative statement for the corresponding period of the immediately preceding financial year.
In the third quarter of 2018, A.P. Moller – Maersk progresses in the strategic business transformation, reporting growth in both Ocean and non-Ocean with a total revenue increase of 31% to USD 10.1bn, 12% excluding Hamburg Süd. Growth in non-Ocean was at 15%, which now contributes 31% of total revenue. In addition, synergy effects where… Read More
Ten charges have been laid against DP World, the Prince Rupert Port Authority and its contractors, Fraser River Pile and Dredge Inc., BelPacific Excavating and Shoring Limited Partnership and Bel Contracting for fisheries violations. Fisheries and Oceans Canada (DFO) wrapped up its investigation looking into allegations that fish were seriously harmed during the Fairview expansion… Read More
A marine construction company in northern Michigan has been awarded more than half a million dollars to dredge in the River Rouge. The U.S. Army Corps of Engineers, Detroit District awarded Ryba Marine Construction Company in Cheboygan $736,000 to dredge the River Rouge in southwest Detroit on Wednesday. According to the Corps, Ryba Marine will… Read More