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Rhode Island has received $280,000 in federal funding to help protect the coastline from rising seas and storm surges as part of $29 million in grants announced Friday through the newly created National Coastal Resilience Fund. Officials from the National Fish and Wildlife Foundation and the National Oceanic and Atmospheric Administration announced the 35 grants… Read More
Local officials and economic developers are worried about what lurks in the Old Champlain Canal, but they don’t want state and federal agencies to take years to clean it up. Gary Klawinski, director of the U.S. Environmental Protection Agency’s Hudson River Field Office, said the canal has detectable levels of PCBs, which are industrial chemicals… Read More
Humboldt County’s final election night report, released early Wednesday morning with 87 of 144 precincts reporting, shows incumbent Division 4 Harbor Commissioner Richard Marks with 62.30 percent of the vote against challenger Marian Brady’s 37.55 percent. PREVIOUS UPDATE: Humboldt County’s third election night report, with 66 of 144 precincts reporting, shows incumbent Division 4 Harbor… Read More
Royal Boskalis Westminster N.V. saw revenue increase in the third quarter compared to the quarterly average for the first half of the year. The operating profit (EBIT adjusted for extraordinary charges) also increased compared to the quarterly average for the first half of the year and the order book stood at EUR 3.8 billion, virtually… Read More
There is an estimated 17,000 cubic yards of silt clogging the channel in Neabsco Creek. To put that in perspective, one cubic yard of saturated silt can typically weigh up to 3,000 pounds. That means 51 million pounds of soil or 25,500 tons of silt needs to be removed in order to maintain the channel… Read More
DREDGING CORPORATION OF INDIA LTD. (DREDGECORP.BO) shares are showing positive signals short-term as the stock has finished higher by 17.89% for the week. In taking a look at recent performance, we can see that shares have moved 32.49% over the past 4-weeks, -36.31% over the past half year and -47.86% over the past full year…. Read More
“Big money sentiment for Great Lakes Dredge & Dock Corp (NASDAQ:GLDD) in Q2 2018 increased to 1.2, according to Securities and Exchange Commission filings. So its up 0.32, from 2018Q1’s 0.88. 36 institutional investors started new and increased equity positions, while 30 cut down and sold their holdings in Great Lakes Dredge & Dock Corp… Read More
Markel Corporation (NYSE:MKL) just updated its long list of earnings successes. The best takeaways from the quarter come from the rapidly growing Markel Ventures business. It recently recorded another acquisition, a strong investing performance (boosted by a strong summer for equity securities) and, most importantly, a very promising development in the insurance business, which dodged… Read More
One of three great rivers at the foot of Mt. Pinatubo, rendered impassable and long dead for two decades, and posing great risks to Zambales residents, will be rehabilitated by a mining company at no cost to the government. The Maloma River traversing the Municipality of San Felipe in Zambales presently overflowing with lahar and… Read More
On Thursday, September 13, 2018 I attended the meeting at Ocean County College regarding the back bay Coastal Storm Management. I would like to express my concerns regarding their current research. First, their research on the beach and dune replenishments is majorly flawed. Weeks Construction/Dredging spends months pumping sand onto the beach and three nor’easters… Read More
Contecon Guayaquil SA (CGSA), the Ecuadorian subsidiary of International Container Terminal Service Incorporated (ICTSI) has welcomed the government’s decision to dredge and maintain the channel leading to the Port of Guayaquil. The Technical Commission of the Municipality of Guayaquil awarded a 25-year concession to the Luxembourg-based Jan De Nul Group to undertake the dredging and… Read More
Dredging Corporation India Ltd. closed at Rs. 331.7 which was 10.7 points more than today’s lowest price and 1.3 points less than the day’s highest with the day’s lowest being Rs. 321 and highest being Rs. 333 . With this, 160,569 stocks were traded while the 5 day, 10day & 30 day average volumes were… Read More
Infrastructure concern Great Lakes Dredge & Dock (GLDD) posted third quarter numbers on Tuesday. Quarterly results showed the company continues to execute well and its business is gaining momentum. The shares rallied some 10% in trading yesterday after its earnings report was posted. Today, we revisit this ‘off the radar’ small cap concern and provide… Read More
Great Lakes Dredge & Dock Corporation (GLDD), the largest provider of dredging services in the United States and a major provider of environmental and infrastructure services, today reported financial results for the three and nine months ended September 30, 2018. For the three months ended September 30, 2018, Great Lakes reported revenue of $204.3 million,… Read More
Linda Rothermel has lived on the bayfront since 1969. The retired Ocean City Intermediate School music teacher says she wouldn’t want to be anywhere else. She loves living on the water and all that goes along with it, but the mud-choked channel tried her patience. As she stood and watched dredging crews remove sediment from… Read More