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With the company already onsite working for the U.S. Army Corps of Engineers, the Iron County Board of Supervisors awarded the contract for its share of the Saxon Harbor marina’s dredging to Roen Salvage Tuesday. The company — based in Sturgeon Bay, Wis. — was awarded the $2,779,533 contract to dredge approximately 21,100 cubic yards… Read More
The Board of Duke Offshore on May 30 has approved the company to enter into the dredging sector for deepening and widening of rivers, inland waterways and other associated areas. The Board has also recommended issue of bonus shares subject to AGM and other mandatory approvals. Source: BS
DREDGING CORPORATION OF INDIA LTD. has reported financial results for the period ended March 31, 2018. The company has reported net sales of Rs.168.19 crores during the period ended March 31, 2018 as compared to Rs.136.56 crores during the period ended March 31, 2017. The company has posted net profit of Rs.17.11 crores for the… Read More
John T. (KZ) Kondratowicz—the first occupant of the newly built harbormasters’ office at the Sandwich Marina—will be leaving the building. His retirement, after less than two years at the helm, was announced last week by Town Manager George H. (Bud) Dunham. “He has been ready to retire,” Mr. Dunham told the board of selectmen Thursday,… Read More
Imotec Projects, a Dutch company which operates in the maritime and offshore market, and Reliance Naval & Engineering Ltd., signed a MoU to make dredgers in India. The cooperation will involve building dredgers for the local market and for specific applications. Reliance will build the dredgers on their shipyard and Imotec Projects will deliver dredging… Read More
A partnership that once ran industrial and dredging operations on the bayfront, before the Convention Center creeped closer and closer to its operations, will walk away with a more than $32 million payoff if the initiative to expand the Convention Center once more wins in November. On June 12, the City Council and Port commissioners… Read More
It answered a query from the Singapore Exchange to disclose transaction details. Keppel Corporation (Keppel) said that Keppel Singmarine’s contracts with Van Oord to build two high-specification dual-fuel powered Trailing Suction Hopper Dredgers (TSHDs) are valued at $212m. This followed the Singapore Exchange’s (SGX) query on the value of the contacts and the option. Keppel… Read More
The offshore energy industry is constantly moving forward. Despite challenging times in the industry, there are impressive achievements that require celebration. Navingo brings the industry together to celebrate some of these successes with the Offshore Energy Awards. The Award for “Best Innovation in Offshore Energy” is intended to highlight the best innovation in the entire… Read More
The latest addition to the Van Oord fleet was unveiled Monday 21 May at the Wilhelminakade in Rotterdam. Subsea rock installation (SRI) vessel Bravenes was christened by Ms Yvon van Oord-Barbier, the wife of CEO Pieter van Oord. The well-attended christening ceremony marked the start of a two-day event celebrating Van Oords 150th anniversary. The… Read More
The stock of Dredging Corp was buzzing during Tuesday’s trading session as news reports suggested that government mulls to invite bids to sell its stakes. The stock hit a intraday high of Rs. 586.00 per share. The Government of India holds 73.47 per cent stake in the company as on March 2018, according to shareholding… Read More
Ellicott Dredges recently hosted a team of officials from Malawi’s Electricity Generation Company (EGENCO, LTD). During their two week visit, our distinguished guests participated in dredge operation, engine care, hydraulic control systems, and other dredge training programs that prepared them to independently operate a dredge that Ellicott Dredges is currently building for them. The Dredge… Read More
Rotterdam headquartered Van Oord has ordered two LNG dual fueled trailing suction hopper dredges with a hopper capacity of 10,500 cu.m each. They will be built at Keppel Offshore & Marine subsidiary Keppel Singmarine’s shipyard in Singapore. The new vessels will be Dutch flagged. They are expected to be completed in fourth quarter 2020 and… Read More
In Q1 2018, A.P. Moller – Maersk had a revenue growth of 30% to USD 9.3bn, 10% excluding Hamburg Süd, with growth in all business segments and a strategic transformation well underway. A.P. Moller – Maersk reiterates its expectations for 2018 of an underlying profit above 2017 (USD 356m), however noting increased uncertainties due to… Read More
American Electric Technologies, Inc. (NASDAQ:AETI), a leading provider of power delivery solutions for the global energy industry, announced today that its M&I Electric business has been awarded a $5M project award for a complete power and control system for a new dredge vessel for a leading US Gulf Coast dredging company. M&I Electric will provide… Read More
The technology group Wärtsilä announces that its acquisition of Transas, a global company headquartered in the U.K., has now been finalised. Control of the company will be transferred to Wärtsilä effective from 4 May, 2018. The acquisition, which was announced in March 2018, has a transaction value of MEUR 210 (enterprise value). Transas is a… Read More