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Global design firm Stantec has been awarded more than $35 million in assignments for planning and preliminary design of a multi-mission dry dock and other upgrades at Portsmouth Naval Shipyard (PNSY) in Kittery, Maine. The projects represent tasks under Stantec’s $60 million indefinite-delivery/indefinite-quantity (IDIQ) contract for multi-discipline waterfront architect-engineering services for the Naval Facilities Engineering… Read More
Laurel Wealth Advisors Inc. purchased a new position in Great Lakes Dredge & Dock Co. (NASDAQ:GLDD) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 57,499 shares of the construction company’s stock, valued at approximately $356,000. Laurel Wealth Advisors Inc. owned… Read More
Cheniere Energy (LNG, CQP) announced today that Malaysia’s Petronas agreed to buy liquefied natural gas for 20 years from its Sabine Pass export terminal in Louisiana. Cheniere says Petronas will purchase ~1.1M metric tons/year of LNG on a free on board basis for a 20-year term following the date of first commercial delivery for the… Read More
Caterpillar Inc. (CAT) announced today that Zach Kauk, vice president of the Excavation Division, is leaving the company to pursue other opportunities. Replacing Kauk will be Tom Frake, current vice president of Global Power Solutions Division (GPSD). Both moves are effective immediately. “Tom’s deep expertise in both the machine and engine businesses, as well as… Read More
Boston-based Sea Machines Robotics announced today that it has closed a $10 million Series A investment led by Accomplice and Eniac Ventures, with participation from Toyota AI Ventures; Brunswick Corp., through investment partner TechNexus Venture Collaborative; NextGen VP, Geekdom Fund; LaunchCapital; LDV Capital and others. The investment marks one of the largest venture rounds for… Read More
COPENHAGEN, Denmark, Dec. 17, 2018 (GLOBE NEWSWIRE) — The acquisition of OBG is an exciting step forward in Ramboll’s strategic ambition to grow in the US and strengthen its portfolio within water, energy and environmental services, making Ramboll a multidisciplinary player in the US. “We are very excited to be welcoming OBG’s 900 experts to… Read More
U.S. hopper dredge companies visit Washington, DC for a CEOs/Owners Roundtable with General Semonite and staff at U.S. Army Corps of Engineers Headquarters. The Dredging CEOs also attended the December board meeting of the American Maritime Partnership. Later in the evening the dredging executives attended a holiday reception at General Semonite’s Quarters on Fort Lesley… Read More
France engages the environmental expertise of Jan De Nul Group to clean up the oil-polluted beaches along the Mediterranean Sea. This week, Envisan, the environmental subsidiary of the dredging and construction company, signed a contract with the French company Le Floch Dépollution for cleaning up the polluted sand using Envisan’s soil treatment centre near Toulon…. Read More
HOUSTON–(BUSINESS WIRE)–Port Commission Chairman Janiece Longoria was recognized for her 16 years of service to Port Houston during the Port Commission of the Port of Houston Authority’s last regular monthly meeting of 2018, which was held Wednesday. Chairman Longoria has volunteered on the Port Commission since 2002. She has served in the position of Chairman… Read More
The federal government will soon start a $18 million project to rebuild Pleasure Island’s beaches damaged by hurricanes Matthew and Florence, with Washington picking up most of the tab. According to the Army Corps of Engineers, the contract includes the periodic nourishment scheduled for Carolina Beach and Kure Beach every three years, but “is unique… Read More
Royal IHC has opened a new office for IHC Engineering Malaysia (IEM). The subsidiary is currently supporting several IHC departments with cost-effective and flexible engineering activities. “Our shipbuilding and mechanical engineers have gained vast experience in their respective fields in the years since IEM was established”, says General Manager Pim Kruis. “Our strength lies in… Read More
The Board of Directors of Caterpillar Inc. (NYSE: CAT) elected Jim Umpleby, the company’s Chief Executive Officer, to the additional position of Chairman of the Board. Umpleby has been a member of the Board and Chief Executive Officer since January 1, 2017. Dave Calhoun, who has served as non-executive Chairman since April 1, 2017, will… Read More
Dredging is an important industry with its uses in many spheres. As the population of the world keeps on increasing, particularly in the coastal areas, more amount of coastal land needs to be reclaimed and protected from erosion and floods, giving rise to the need of dredging in the coastal areas. Also, due to the… Read More
Arcadis has announced it has appointed Lisa Samways as client and sales executive director for Australia Pacific. Samways was previously Arcadis’ business leader for national buildings design in Australia, and takes on the new role following the appointment of Stephen Uhr as executive director Asia Pacific – clients, innovation and strategy. CEO Malcolm McDowall says,… Read More
Expected to come on stream in mid-2020, Borealis has taken the final investment decision to expand the capacity of its PP plant in Kallo, Belgium, by 80kt. The company has also approved the start of the Front End Engineering and Design (FEED) phase for the expansion of its PP plant in Beringen, Belgium. This project… Read More