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Cat Financial reported second-quarter 2018 revenues of $723 million, an increase of $47 million, or 7 percent, compared with the second quarter of 2017. Second-quarter 2018 profit was $71 million, a $43 million, or 38 percent, decrease from the second quarter of 2017. The increase in revenues was due to a $35 million favorable impact… Read More
Native American tribes that tried to block the Dakota Access oil pipeline during a monthslong standoff with authorities in North Dakota more than a year ago are carrying on their fight in federal court, in what they contend is a symbol of their struggle for tribal sovereignty. “People think Standing Rock has come and gone,”… Read More
The Port of Corpus Christi established a formal Planning Department and welcomed Jeffrey Pollack as its Director of Planning. Pollack specializes in managing urban and industrial growth in coastal zones and brings significant expertise in land use and multi-modal transportation planning. He is certified through the American Institute of Certified Planners and is an Envision… Read More
OAK BROOK, Ill., Aug. 01, 2018 (GLOBE NEWSWIRE) — 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 six months ended June 30, 2018. For the three months ended June… Read More
A Trump administration official said Friday that the president wants to avoid small-increment “dibble dabbling” of funding for projects such as the $973 million deepening of Savannah’s busy shipping channel — an encouraging sign for Georgia officials concerned that a lack of commitment from Washington could delay the project. R.D. James, the assistant Army secretary… Read More
One reopening and one continued closure. Oregon Health Authority (OHA) has declared one central Oregon coast beach safe after a water advisory was issued last week, while a famed lighthouse near Florence has its closure extended. At Newport’s Nye Beach, on the central Oregon coast, the public health advisory was lifted after OHA said the… Read More
A $26 million beach nourishment project completed by Southampton Town and oceanfront residents of Water Mill, Bridgehampton and Sagaponack nearly five years ago was named one of the nation’s best “restored beaches” by the American Shore and Beach Preservation Association—the second such project on the South Fork to have been recognized by the group. The… Read More
Software upgrades and crew training are under way as Dunedin’s new dredge prepares to begin its work. Takutai, Port Otago’s $8million backhoe dredge, was in the harbour channel yesterday as it was prepared for work expected to begin next month. Port Otago marine and infrastructure general manager Sean Bolt said some “very complex software” needed… Read More
TO my mind, it is one of President Aquino’s biggest crimes against the nation, because of the misery and adverse economic impact caused by the yearly flooding of metropolitan Manila, for which he is really to blame. Blood is even on Aquino’s hands because of the deaths—over a hundred during this rainy season so far—due… Read More
Fear is being expressed that Sixmilebridge could be hit by severe flooding unless the O’Garney River is urgently dredged. It’s been around 15 years since the last major dredging, widening and cleaning of the river was carried out and it’s now said to be in dire need of it. The local authority is to liaise… Read More
Vocus has declared the laying phase of the 4600km Australia Singapore Cable (ASC) as complete, saying on Monday the final splice was completed south-east of Singapore. Running between Perth and Singapore, the giant new digital pipe is being pushed by the carrier as a pivotal increase in capacity between Australia and Asia because it will… Read More
Yesterday, Ambergris Caye Citizens for Sustainable Development (ACCSD) issued a statement informing that they have launched a social media campaign in opposition to over-the-water structures and dredging on Cayo Rosario within the Hol Chan Marine Reserve. A new logo and website, DefendCayoRosario.com, was shared by individuals, groups and businesses in Belize and around the world… Read More
A channel has been dredged to connect Nai Harn beach with Nai Harn Lake to allow the crocodile to move in, making it easier to catch (The Thaiger suspects the crocodile might be on to the officials’ Cunning Plan). More than 50 officials and a specialist crocodile catcher team from Surat Thani have been planning… Read More
Thank you, Amy. Good morning, everyone, and thanks for joining us. We had another great quarter with outstanding performance by our global team. Second quarter sales and revenues were $14 billion, 24% higher than the second quarter of 2017. We saw increased sales in all three of our primary segments and in all geographic regions…. Read More
Cat Financial reported second-quarter 2018 revenues of $723 million, an increase of $47 million, or 7 percent, compared with the second quarter of 2017. Second-quarter 2018 profit was $71 million, a $43 million, or 38 percent, decrease from the second quarter of 2017. The increase in revenues was due to a $35 million favorable impact… Read More