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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
A 57-year-old Dutch sailor was rescued by a vessel off the Lincolnshire coast. The crew of a Van Oord vessel, Hopper Dredger ‘Ham 316’, were deployed off the coast for the £7 million Lincolnshire Beach Management Project. The vessel was at anchor just after 4am on May 4, when a man in a yacht who… Read More
NORBIT are proud to announce their appointment by the UK Hydrographic Office (UKHO) as the single framework supplier until August 2020 for survey equipment and associated engineering support to enable British Overseas Territories and other Commonwealth Small Island Developing States (SIDS) develop their own hydrographic survey capability to meet IHO standards. NORBIT iWBMS equipment installations… Read More
Developments at Royal Boskalis Westminster N.V. (Boskalis) in 2018 have so far proceeded in line with the market conditions as described during the 2017 annual results presentation. • Revenue virtually unchanged compared to the first quarter of 2017. Continued pressure on margins, particularly at the services activities of Offshore Energy. • Stable fleet utilization at… Read More
Royal Boskalis Westminster N.V. (Boskalis) announces that the Annual General Meeting of Shareholders (the Meeting) held today adopted the 2017 financial statements. All other voting items were also adopted, including: Appointments Mr. J. van der Veer was appointed Chairman of the Supervisory Board succeeding Mr. J.M. Hessels, who resigned as a member of the Supervisory… Read More
A COLERAINE-based waste and environmental specialist has secured a new £3.5 million government contract in the Republic. ATG Group, founded in 2006, has struck the major deal with the Irish Department of Agriculture, Food and the Marine to treat and dispose contaminated dredge material, with work already underway. The contract follows a £1m investment in… Read More
A little Yorkshire Terrier named Gigi is lucky to be alive after he was snatched from the frigid water of New Bedford harbor Tuesday afternoon by a dredging crew working for the EPA. Gigi and his companion, a female chihuahua named Milo, were having a good old time racing around in and out of traffic… Read More
Mercator Ltd intends to highlight an arbitration award it won in the Sethusamudram project in March in an effort to quash a CBI charge-sheet against its Executive Chairman HK Mittal for alleged irregularities in a dredging contract at Paradip Port Trust. In 2007-08, the Dredging Corporation of India Ltd (DCI) chartered three dredgers from Mercator… Read More
Orion Marine Group Inc. (ORN) on Thursday reported first-quarter net income of $4.1 million, after reporting a loss in the same period a year earlier. The Houston-based company said it had net income of 14 cents per share. Losses, adjusted for non-recurring gains, came to 1 cent per share. The results surpassed Wall Street expectations…. Read More