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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
San Mala, Try Sovikear, and Sim Samnang were sentenced to 18 months in jail after they organized a protest against the company in April 2015. Cambodia’s Supreme Court on Friday upheld a low court’s decision to sentence three environmental activists over their involvement in a 2015 anti-sand dredging campaign in Koh Kong province. San Mala,… Read More
A new vessel to replace the aging MV Balfour will begin sailing in 2022, according to the Ministry of Transportation and Infrastructure. The ministry states that it is exploring options for an electric vessel or one that could be converted later. The dredging of a section of the West Arm near Balfour to make passage… Read More
The stock of Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) hit a new 52-week high and has $6.10 target or 9.00% above today’s $5.60 share price. The 6 months bullish chart indicates low risk for the $348.48 million company. The 1-year high was reported on Jul, 15 by Barchart.com. If the $6.10 price target is… Read More
Port of Corpus Christi’s new laydown yard, Rincon West, received its first shipment of wind energy components on July 14th. Top wind manufacturer, Vestas, is scheduled to import nacelles, hubs, drive trains and blades for the Blue Cloud Wind Farm, located in Texas Panhandle counties Baily/Lamb. Rincon West will serve as the first point of… Read More
After touching a maximum of Rs. which was 0 points more than the opening price, Dredging Corporation India Ltd. closed at Rs. yesterday. Also, it saw a minimum of Rs. which was 0 points less than the opening price. was the last recorded volume of the day with the 5 day average volume being ,… Read More
A moratorium on new development. Dredging the Amite River. Stopping Ascension Parish from building the Laurel Ridge Levee extension. Residents of this southern Livingston Parish community threw out many concerns and potential solutions to their flooding woes during a wide-ranging community meeting Thursday evening at the outdoor pavilion behind French Settlement’s village hall. Source: The Advocate
Union Shipping Minister Nitin Gadkari on Friday ruled out privatisation of Dredging Corporation of India (DCI) and said the company will be acquired by three major ports and made more efficient. He added that there was no question of closing down the state-owned company either. Gadkari’s remarks came amidst reports of the government planning to… Read More