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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
Caterpillar Inc. (CAT) today announced second-quarter 2018 sales and revenues of $14.0 billion, compared with $11.3 billion in the second quarter of 2017, a 24 percent increase. Second-quarter 2018 profit per share of $2.82 was a second-quarter record. Profit per share was $1.35 in the second quarter of 2017. Adjusted profit per share in the… Read More
Caterpillar (NYSE:CAT) says its worldwide machine retail sales rose 25% Y/Y for the rolling three-month period ending in June, slightly better than the 24% gain reported last month but a bit below April’s 28% gain. Sales in the Asia Pacific region surged 37% during the period, while sales rose 29% for Latin America, 22% for… Read More
On Tuesday, July 24, 2018, the Port of Corpus Christi successfully priced and sold $216.2 million of Senior Lien Revenue Bonds. These bonds will be used for both the deepening and widening of the Corpus Christi Ship Channel as well as upcoming capital projects within the Port. Wells Fargo Securities acted as Lead Manager of… Read More
Boskalis (OTC:RBWNY) is a Dutch dredging and maritime company with high profit margins. The stock has been out of favor because the dredging industry is at a low point—there are no major projects right now but there will be. The stock has picked up some interest from the value investing community. The company has 523… Read More
PITTSBURGH–(BUSINESS WIRE)–Evoqua Water Technologies Corp. (NYSE: AQUA) today announced it has completed the acquisition of ProAct Services Corporation, from private equity firm Hammond, Kennedy, Whitney & Company Inc., as previously announced last month. ProAct Services is a leading provider of on-site treatment services of contaminated water in all 50 states. ProAct Services will operate as… Read More
Deep in rural Cambodia, Chan Vanna pushes his longtail boat through the calm waters of the Koh Kong estuary. Until about 10 years ago, Vanna made a living fishing here, providing for his wife, Wid, and their seven children. Then one day, he says, giant machines showed up at their small inlet and started dredging… Read More
Governor Larry Hogan and the Maryland Board of Public Works today approved a contract that will complete the fill in of a wet basin at the Helen Delich Bentley Port of Baltimore’s Fairfield Marine Terminal. When completed, this will create more land to help handle the Port’s surging auto and roll on/roll off (farm and… Read More
A piece of St. Paul history could soon be moving to Winona. A non-profit, the William A. Thompson Dredge Museum bought the Minnesota Centennial Showboat, parked at Harriett Island from the city of St. Paul last week with plans to move it south. The group paid $40,000 for the boat and now need to raise… Read More