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Orion Group Holdings, Inc., a leading specialty construction company, today reported net income of $9.5 million ($0.34 diluted earnings per share) for the three months ended December 31, 2017. These results compare to net loss of $6.3 million, ($0.23 diluted loss per share) for the same period a year ago. Excluding net benefits of $4.3… Read More
A.P. Møller – Mærsk A/S [A.P. Moller – Maersk] has received all regulatory approvals and has completed the sale of Mærsk Olie og Gas A/S [Maersk Oil] to Total S.A. [Total], which was announced on 21 August 2017. A.P. Moller – Maersk has transferred its shares in Maersk Oil to Total and as consideration received… Read More
Australian contractor John Holland has secured a contract worth A$225 million ($174 million) to build a new runway at the Sunshine Coast Airport located in Queensland, Australia. Under the terms of the contract, which was awarded by Sunshine Coast Council, John Holland will construct a new 2,450m x 45m main runway. The new runway will… Read More
The House Committee on Oversight and Government Reform’s Subcommittee on the Interior, Energy and Environment will hold a hearing titled, “Examining the U.S. Army Corps of Engineers (USACE).” Port of Corpus Christi CEO Sean Strawbridge will testify to the crucial role that Port of Corpus Christi plays in facilitating American energy exports and the partnership… Read More
A Quincy businessman has secured a $122 million contract to deepen some of the shipping lanes in Boston Harbor. Jay Cashman, who owns several heavy-construction and dredging companies based in Quincy, will be paid by the Army Corps of Engineers to dredge portions of the harbor to provide access for larger ships. The bid documents… Read More
State-owned port operator Pelindo III has contracted Van Oord to carry out dredging works in the port of Benoa, Bali. Access to this port needs to be improved to accommodate the increasing number of tourists. Execution of the work will start soon and is expected to be completed within the year. The Indonesian island of… Read More
The Danish Energy Agency has issued its approval of A.P. Møller – Mærsk A/S’ [A.P. Moller – Maersk’s] sale of Mærsk Olie & Gas A/S [Maersk Oil] to global oil major Total S.A. [Total], including the conditions for such a transfer. As part of the agreement Total will take over Maersk Oil’s organisation, portfolio, obligations… Read More
According to multiple local media reports, BAE Systems is winding down operations at its Mobile, AL, shipyard. Reportedly, BAE Systems is ceasing ship repair operations at the yard effective immediately. A ship construction project at the yard will continue through the spring, but it is anticipated 155 of 170 employees will depart by the end… Read More
J2 Subsea, an Acteon company, established in 2008 to provide ROV tooling products and services for the ROV and underwater survey markets, today announced the appointment of Christian Blinkenberg as General Manager based in Aberdeen. John Walker, Managing Director, J2 Subsea, stated: “Christian brings a huge breadth of industry experience and I am delighted he… Read More
World Marine of Alabama (WMA), Mobile, AL, has completed work on a contract valued at over $14 million to drydock and repair the Dredge Wheeler, a hopper dredge owned and operated by the U.S. Army Corps of Engineers. The contract was awarded in September last year; arrival of the vessel in the shipyard was delayed… Read More
Orion Group Holdings, Inc. (NYSE:ORN) announced it will release its financial results for the fourth quarter and full year 2017 before the market opens on Thursday, March 8, 2018. The Company will host a conference call to discuss results the same day at 10:00 a.m. Eastern Time/9:00 a.m. Central Time. To participate, please dial the… Read More
The Dutch Ministry of Infrastructure & the Environment has announced its intention to award a BAM joint venture the upgrade of a dyke protecting large areas of the Netherlands. The contract involves designing, building and pre-financing the reinforcement of the Afsluitdijk and increasing water discharge capacity. A joint venture of BAM PPP PGGM Infrastructure Coöperatie,… Read More
A Mandeville-based company will dredge the mouth of the Vinton Navigation Channel to a depth of 10.5 feet, opening the door for recruiting new tenants at the Port of Vinton, port officials said. Earlier this month, the port’s board awarded the work contract to Magnolia Dredge and Dock LLC. The $832,672 bid was the lowest… Read More
The employees of Dredging Corporation of India (DCI) are planning to make a joint bid to buy out the government’s stake in the company that is up for privatisation, a company official has said. ”We are thinking on those lines,” a BusinessLine report quoted B Hanuma Naik, joint general manager (technical) and president of DCI… Read More
Leicestershire construction materials giant Aggregate Industries has a acquired a £25m turnover business based in the South East The aggregates to asphalt, ready-mixed concrete and precast concrete products business based at Bardon Hill, Coalville, has bought aggregates and ready-mix concrete manufacturer and dredging specialist Kendall Group. The acquisition allows Aggregate Industries to expand its operations… Read More