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Dredging company Van Oord recently finished their dredging operation on a 72-kilometres-long channel in the Caspian Sea. Four years of dredging at an extremely remote location have concluded. Van Oord built the new access channel to the port of Prorva to allow for transportation of construction modules to the Tengiz oil field in Kazakhstan, where… Read More
Maersk Line is expanding its trade finance services to Indian customers, as the world’s largest container carrier places high hopes on the rapidly growing, emerging Asian economy. The carrier said it has already signed 100 clients, involving more than $80 million in credit, and is looking to finance another $200 million with India-based businesses over… Read More
Dredging Corporation of India announced that the Non-Executive Employees Union of the Company has informed that the strike against the Government decision to ‘Privatize/ Enitre Stake Sale of DCI’ will take place for three days from 20 December 2017 till 22 December 2017. The Management is holding discussions with the Union to call-off the strike… Read More
India has a coastline of 7,517 km with 13 major ports and 187 minor and non-major ports sprinkled along the coast. Moreover, there are a number of naval establishments along the coast, which support strategic assets. In such a scenario, it would be wrong on part of the government to disinvest a profit-making PSU like… Read More
A company cited in the latest Auditor-General’s Report for failure to deliver on a multi-million dollar contract to supply dredging equipment, faces having to pay back to Government more than $6million within 90 days. Transport and Communications Permanent Secretary Misheck Lungu told the Parliamentary Accounts Committee (PAC) on Friday that the ministry had written to… Read More
John LaRue, as executive director of the Port of Corpus Christi since 1994, has helped the local area develop a reputation as a leading exporter of crude oil in the United States. But the port will have a new leader for the first time in more than two decades, after officials announced that LaRue would… Read More
The Dutch Directorate-General for Public Works & Water Management has signed a contract for construction of a €1bn (£880m) road and tunnel project in Rotterdam. The BAAK Blankenburg-Verbinding consortium had been named in July as preferred bidder for the A24 Blankenburgverbinding. The equity partners in the project are Macquarie Capital (70%) and Ballast Nedam Concessies… Read More
When Federal Maritime Commissioner William P. Doyle of the U.S. Federal Maritime Commission announced that he would be leaving his post effective January 3, 2018, he concluded by saying, “I am looking forward to what comes next in my career.” Now we know what that will be. The Dredging Contractors of America’s (DCA) Board of… Read More
Van Oord recently completed the expansion of the port of Kaohsiung. The client, Taiwan International Ports Corporation (TIPC), awarded the contract in 2015. The work was completed eight months ahead of schedule. In less than two years’ time, trailing suction hopper dredgers Vox Máxima, Volvox Terranova, and Rotterdam created 250 hectares of new land for… Read More
Shares of Dredging Corporation of India (DCI) gained by 2% to Rs660 after the company signed an MoU with National Highways Authority of India (NHAI) for facilitating the supply of sand for highways construction work. Concessionaires working on highways projects have been facing a shortage of sand at many sites. The MoU aims to fill… Read More
Leading manufacturer of oceanographic, hydrographic and hydrometric instrumentation, Valeport, has announced its contract to supply four customised MIDAS SVX2 probes to Saab Kockums. The MIDAS SVX2 is an advanced probe, combining sound velocity with salinity and density technologies to provide a versatile instrument which delivers superior data profiles. The MIDAS SVX2 was selected for its… Read More
Orion Group Holdings, Inc. (NYSE:ORN) (the “Company”) a leading specialty construction company, announced a change in its management structure. As previously discussed, the Company continues to execute on its strategic vision to be the premier specialty contractor in the infrastructure, industrial, and building sectors. As part of this, the Company is in the process of… Read More
Former longtime Arcata Community Development Director and Eureka-based consultant Larry Oetker has been named the new executive director of the Humboldt Bay Harbor, Recreation and Conservation District. “I’m just really excited about the projects the harbor district has been working on,” Oetker said Friday. “In my opinion, they have been the leader in the region… Read More
Abu Dhabi Ports, which runs the UAE’s US$7 billion Khalifa Port, has signed an agreement with state aluminium producer Emirates Global Aluminium (EGA) to import bauxite using the world’s largest bulk cargo ships. Under the deal, Abu Dhabi Ports will dredge and widen channels to allow large vessels to berth fully laden directly at Khalifa… Read More
CMA CGM and Maersk Line on 13 June 2017 announced a binding agreement whereby CMA CGM would acquire Mercosul Line. Mercosul is a leading player in Brazil’s domestic container shipping market, with a fleet of four container vessels and around 290 people employed. The Mercosul binding agreement was subject to Brazilian regulatory approval and the… Read More