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Dutch dredging giant Royal Boskalis Westminster joins a consortium which has been awarded a 1.46bn SGD contract for the port development project Tuas Terminal Phase II in Singapore. Boskalis will deploy a range of dredging plant in executing its 30% share of the project, which is valued at some €300m. Boskalis’ consortium partners include Japan… Read More
Odyssey Marine Exploration, Inc. (NASDAQ:OMEX), a pioneer in the field of deep-ocean exploration, reported results for the full year ended December 31, 2017, and provided an update on current projects. Don Diego Project On March 21, 2018, the 11-judge panel of the Superior Court of the Federal Court of Administrative Justice in Mexico ruled unanimously… Read More
Multiple German news outlets are reporting that yet another big name in German ship finance is being readied to be sold off. Hanover’s Nord/LB, one of the largest commercial banks in Germany, owned by the federal states of Lower Saxony and Saxony-Anhalt, could follow HSH Nordbank in being sold off. The bank’s state owners are… Read More
Rohr-Idreco Dredge Systems Europe, with a manufacturing plant in Mannheim Germany and second factory in Doetinchem the Netherlands, is delighted to welcome Thomas Kuhn onboard as its Sales Director for Germany and surrounding countries, representing the complete Rohr-Idreco product portfolio. Previously Kuhn worked for another European dredge manufacturer. Thomas brings with him more than three… Read More
Cochin Port Employees Organisation, one of the five major federations of port and dock workers, has demanded the Shipping Ministry to withdraw the Major Port Authority Bill 2016, as it would lead to corporatisation and privatisation of major ports in the country. Submitting a charter of demands, CD Nandakumar, general secretary, CPEO asked the Ministry… Read More
Gulf Island Fabrication, Inc. (NASDAQ:GIFI), confirmed yesterday through its subsidiary Gulf Island Shipyards, L.L.C., it has signed a contract for the construction and delivery of one Towing, Salvage and Rescue Ship (T-ATS) vessel with the U.S. Navy with an option for seven additional vessels. According to the Department of Defense, the shipyard will receive a… Read More
Dutch dredging, marine and offshore company Van Oord says 2017 was dominated by difficult market conditions in the dredging and offshore oil and gas sectors, but it is doing well in offshore wind. The volume of work in offshore wind was stable, and the market dynamic in the offshore wind sector will generate a lot… Read More
Mumbai-based Protocol Insurance Surveyors and Loss Assessors Pvt Ltd, an asset valuer has started assessing the assets of the Dredging Corporation of India (DCI) to go ahead for strategic sale of its equity. The asset valuer visited DCI in Vizag on Monday and they will finish the work by Tuesday evening. Ignoring the protests from… Read More
A.P. Moller – Maersk is accelerating the business transformation after a year of solid progress in becoming the global integrator of container logistics. The areas Finance, Transformation, IT and Digital, which today are organized in one function will be divided into a fully focused finance function and functions focused on IT, Strategy, Digital and Transformation…. Read More
Dear Fellow Stockholder: Our Board of Directors joins me in extending to you a cordial invitation to attend the 2018 Annual Meeting of Stockholders of Great Lakes Dredge & Dock Corporation. The meeting will be held on Wednesday, May 2, 2018, beginning at 1:00 P.M. Central Daylight Time at the Le Méridien Hotel Chicago –… Read More
UAE-based Lamprell, a provider of fabrication, engineering and contracting services, has announced that construction work at its new joint venture maritime yard at Ras Al Khair in eastern Saudi Arabia is under way. The joint venture company, International Maritime Industries Company (IMI) , is a partnership between Lamprell, Saudi Aramco, the National Shipping Company of… Read More
A consortium led by BAM and Van Oord has won a €550m (£485m) project to strengthen a key dyke in the Netherlands. Rijkswaterstaat, which is part of the Dutch Ministry of Infrastructure & the Environment, has awarded the Afsluitdijk project to the Levvel consortium. The JV is formed by Van Oord Aberdeen Infrastructure Partners (46%),… Read More
Deltares, an independent institute, specialising in research in water and sub-surface has been entrusted the project to arrest the beach erosion, said Chairman of Visakhapatnam Port Trust MT Krishna Babu. Deltares is preparing a design, tender estimates and technical support and the DPR is expected to be completed by January 2019. In an official release… Read More
TRC Companies Inc., a leader in engineering, environmental consulting and construction-management services, has been awarded a pair of awards from the Environmental Business Journal – one for business achievement and the other for an innovative remediation project to remove lead sediment from the Mill River in Fairfield, Conn. “Our mandate at TRC is to make… Read More
A new subsidiary of Babcock Power Environmental Inc., a fully integrated environmental company providing solutions to utility power plants, waste-to-energy facilities, and large industrial applications worldwide, has purchased substantially all of the assets of Geo-Synthetics, LLC (GSI), Waukesha, WI. GSI is a leading installer of geosynthetic materials for industries such as energy, waste disposal, agricultural,… Read More