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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
For the fourth year in a row, CITGO Petroleum Corporation has awarded eight grants to varying local government agencies and nonprofits in celebration of National Estuaries Week, which took place Sept 15-22. Through a partnership between CITGO and Restore America’s Estuaries (RAE), each grant will fund the organizations’ restoration programs, environmental clean-ups, tree plantings and… Read More
OAK BROOK, Ill., Oct. 30, 2018 (GLOBE NEWSWIRE) — Great Lakes Dredge & Dock Corporation (NASDAQ: GLDD) today announced that it will release the financial results for its three and nine months ended September 30, 2018 on Tuesday, November 6, 2018 at 7:00 a.m. C.S.T. A conference call with the Company will be held the… Read More
Cheniere Energy (NYSEMKT:LNG) says feedgas flows to its Corpus Christi export terminal reached their highest level to date as the company prepares to produce, load and ship its first cargo from the facility. Deliveries to the terminal totaled nearly 121M cf/day, the highest since flows ramped up in earnest in September and roughly double the… Read More
An increase in air passenger traffic congestion and rising privatization trends in the Asia-Pacific region are fuelling rapid growth in the advanced airport technologies market, according to a report by BCC Research. The industry expects to see a compound annual growth rate (CAGR) of 6.3% through 2023, when it is forecast to reach nearly $9.5… Read More
With the introduction of instant booking confirmation, Maersk customers can now complete their bookings within seconds compared to previous waiting times of up to two hours. Eliminating this delay, as the first in the industry, is a top priority for Maersk as the delay triggers uncertainty and extra workloads in managing supply chains for the… Read More
This informal meeting is being convened for the purpose of providing Noteholders (i) with a recap on the Group’s business climate and financial performance for the past financial year; (ii) an update on the discussions with the principal bankers on possible additional working capital lines and (iii) present the Proposal to Noteholders for their consideration…. Read More
The city has launched an ambitious 20-year plan to transform one of its rivers into a park and a business, housing and multimode transportation corridor. The project’s Greenway Promenade aspires to recreate the celebrated San Antonio Riverwalk. During an Oct. 25 press event to officially launch the initiative, Mayor Jorge Elorza called the 560-acre Valley… Read More
Previously scheduled for retirement, PCC now intends to sell the still-operating Dredge Ellicott Dredges supplied all the cutter suction dredges used in the original construction of the Panama Canal in 1907. In 1943, the Panama Canal Authority added the MINDI, also built by Ellicott, to their fleet. This dredge was a key component in the… Read More