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When it comes to sucking a layer of sand and silt off the floor of Lake Tashmoo and moving it to a nearby beach, the men of the Edgartown dredge crew each have a job. Peter Jackson operates the anchor boats, hauling up the dredge’s two anchors and moving them incrementally up and down either… Read More
The prime minister said the government in its National Integrated Multimodal Transport Policy has put forward a strategy that will seek to strengthen the position of inland waterways in the transport system Prime Minister Sheikh Hasina yesterday underscored the need for proper utilization of the maritime sector for massive socioeconomic development of the people of… Read More
Dredging is the removal of sediments and debris from the bottom of the sea, lakes, rivers, harbors, and other water bodies. It is a routine necessity in waterways around the world because sedimentation-the natural process of sand and silt washing downstream – gradually fills channels and harbors. Dredging often is focused on maintaining or increasing… Read More
The Royal Phuket Marina, working closely with the Marine Department in Phuket, has completed dredging the marina basin and access channel, increasing the depth to two metres at the lowest tide and enabling motor boats upto 35 metres round- the-clock access. “The recent dredging programme is part of our ongoing commitment to customers and our… Read More
The port authority announced it found ways to solve the channel dredging issue that is a considerable burden on the resources of the Douala Autonomous Port (PAD). “With support from the Government, two dredgers are being acquired. A 3000 m3 operating suction dredger and a stationary suction dredger. In addition to these new acquisitions, the… Read More
Eight conservation and environmental groups plan to sue the state for tapping an environmental fund to finance a $98 million package of infrastructure projects in a way that they say violates the Minnesota Constitution and betrays voters’ trust. The Environmental and Natural Resource Trust Fund, which receives about $60 million a year in proceeds from… Read More
An often-overlooked aspect of the river transportation industry is dredging or the excavation of river bottoms and shores. Not only is dredging crucial to maintaining the depth and width of channels to keep them navigable for towing vessels, the sediment collected by dredges is often used to replenish sand lost on beaches due to coastal… Read More
SETTING a contrast in the heavy traffic of vehicles above the Marcos bridge, was a calm Cagayan river one afternoon Friday, September 28. It was a low tide, and no signs of rainfall throughout the day or evening. In the riverside along Barangay Consolacion, there were wide, barge-like boats docked, some trucks parked, and men… Read More
The luxurious Caribbean estate owned by Canadian fashion mogul Peter Nygard has been seized by the Supreme Court of the Bahamas, the latest development in a years-long dispute over illegal dredging of Nygard’s beachfront property that has raised the ire of an environmental group backed by the designer’s billionaire neighbours. The seizure follows years of… Read More
Great Lakes Dredge & Dock (NASDAQ:GLDD)was upgraded by Zacks Investment Researchfrom a “hold” rating to a “buy” rating in a report released on Monday. The firm currently has a $7.00 price objective on the construction company’s stock. Zacks Investment Research‘s target price would suggest a potential upside of 13.09% from the stock’s previous close. According… Read More
Dan McCready is a boyish ex-Marine, a solar energy entrepreneur and a favorite candidate of national Democrats hoping to nab a Republican seat in their battle for the House. His company, Double Time Capital, says its mission is to hasten “our country’s important transition to clean energy” because of climate change. But as a candidate… Read More
Caterpillar (CAT) has long been a staple investment for those looking to invest in the industrial sector. The company has been around since 1925 and currently is poised to generate over $54 billion in revenue this year. The company has been benefiting from the boom in construction worldwide. Recently we have seen the stock pullback… Read More
Summary Today, we revisit small cap infrastructure play Great Lakes Dredge & Dock. The stock has risen some 50% over the past 18 months since we last profiled it and stands at 52-week highs. Why the shares could rise another 20% to 25% over the next year is detailed in the paragraphs below. This idea… Read More
Pursuant to Rule 324(2) of the Listing Manual of the Singapore Exchange Securities Trading Limited, the Board of Directors of ASL Marine Holdings Ltd. Parent of Vosta wishes to announce the following payments in respect of the S$100 million in principal amount of Fixed Rate Notes due in March 2020 (ISIN: SG6Z90991217) (the “Series 006… Read More
Great Lakes Dredge & Dock (GLDD -0.3%) announced the receipt of a $48M base contract award on the Big Bend Channel of the Port of Tampa Bay. Dredging is expected to commence in 4Q18 with completion of both base contract and expected options in 3Q19. Great Lakes expects to receive additional option work items on… Read More