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The following slide deck was published by Great Lakes Dredge & Dock Corporation in conjunction with this event.
The U.S. Army Corps of Engineers, New England District is seeking public comments on three projects which have applied for funding through the National Audubon Society’s Connecticut In-Lieu Program. The National Audubon Society, Inc., through its Connecticut program (Audubon Connecticut), is the sponsor of the Connecticut In-Lieu Fee Program which serves as an alternative form… Read More
At least 40 heavily armed men in military uniforms torched a dredger barge, Friday night, on the bank of Agusan River in Purok 1-B, Barangay Lingayao, Las Nieves, Agusan del Norte province, police reported Monday. Sketchy report reaching the regional headquarters of Northeastern Mindanao Police Regional Office 13 (PRO 13) based in Camp Col. Rafael… Read More
The harbormaster and his crew will finally get a maritime building and a $1 million state grant is going to help. Plymouth will receive a $1 million grant from the Seaport Economic Council to help pay for the new facility, the governor’s office said last week. The building, to be erected behind East Bay Grille,… Read More
Comcast Ventures has led a financial round for DrayNow. DrayNow operates a B2B intermodal marketplace for logistics markets. CMCSA is an active strategic investor, even in tech firms which have little obvious connection to its core business in telecom, media, and entertainment. READ FULL ARTICLE HERE
Virginia Port Authority CEO and Executive Director John Reinhart told the U.S. Trade Representative last week that proposed tariffs on Chinese-made cranes could potentially slow a terminal expansion project. Four ship-to-shore cranes are part of the port’s expansion project at the Virginia International Gateway marine terminal in Portsmouth. The Trump administration is currently considering additional… Read More
Following the new U.S.-Mexico trade deal, tariff-sensitive Caterpillar (NYSE:CAT) is continuing its upward momentum this morning, rising 0.5% premarket after a gain of 2.8% on Monday. Citi is adding to the positive sentiment, stating a sharp earnings cut is “highly unlikely.” U.S. mining colleagues further noted a recent pick-up in call volume and client engagement,… Read More
Frank Greco and his daughter, Filomena, on the porch of Ellerslie in 1912 (Photo Courtesy of Milford Historical Society) In 1907, Frank Greco, an Italian immigrant from Pennsylvania, purchased a 977 acre farm from William Simpson, who had purchased the land from the heirs of Governor Charles Polk. Greco not only purchased the acreage but… Read More
Throne to lead Ports Group on the East Coast, strengthening Cushman & Wakefield’s ability to deliver tailored solutions coast to coast Cushman & Wakefield, a leading global real estate services firm, has announced William Throne as co-lead of the company’s Ports & Intermodal Advisory Group. With 23 years of experience marketing land and industrial properties… Read More
A row has erupted over the first proposal to dredge for kelp in Scottish waters amid fears it could decimate marine ecosystems. The anger was triggered by a scoping report from Ayr-based Marine Polymers which wants to harvest kelp in waters off the west coast. The proposals are at a very early stage – but… Read More
A 30′ construction barge capsized off Surfside Beach, S.C., at the start of a beach replenishment project Aug. 15, 2018. The Coast Guard and Great Lakes Dredge and Dock Company LLC were working to recover a barge that capsized Wednesday off Surfside Beach, S.C., on the first day of a beach replenishment project. The 12-mile… Read More
The operating results of Royal Boskalis Westminster N.V. (Boskalis) decreased in the first half of the year compared to the first half 2017, the company reported. According to Boskalis, this decline was mainly due to a sharp drop in the result of the Offshore Energy division where the transport activities at the low end of… Read More
A.P. Møller – Mærsk A/S (A.P. Moller – Maersk) has decided to pursue a separate listing of Maersk Drilling Holding A/S (Maersk Drilling) on Nasdaq Copenhagen A/S in 2019. Having evaluated the different options for Maersk Drilling, A.P. Moller – Maersk has concluded that listing Maersk Drilling as a standalone company presents the most optimal… Read More
Cargomatic, Inc., a leading technology platform that connects shippers and carriers, today announced the closing of a $35 million Series B financing round. The financing is led by funds affiliated with Warburg Pincus, a leading global private equity firm focused on growth investing, along with Canaan, Genesee & Wyoming, Xplorer Capital and Muse Family Enterprises…. Read More
“Pollution and erosion, our homes are being moved into flood zones because it’s silting in, houses are sinking and they have to be lifted,” said Impervento. However, city leaders said it isn’t responsible because the creek is privately owned and added that homeowners didn’t approve the Neighborhood Special Service District Dredging Program. The program requires… Read More