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Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) announced its quarterly earnings data on Tuesday. The construction company reported ($0.08) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by ($0.07), Briefing.com reports. The company had revenue of $163.31 million during the quarter, compared to the consensus estimate of $175.95 million…. Read More
Orion Group Holdings, Inc. (NYSE:ORN) (the “Company”), a leading specialty construction company, reported a net loss for the three months ended September 30, 2017, of $5.0 million, or ($0.18) diluted loss per share. These results compare to net income of $4.7 million, or ($0.17) diluted earnings per share for the same period a year ago…. Read More
GeoSea, the geotechnical and offshore solutions specialist of the DEME Group, announces it has acquired the majority of the shares (72,5 %) of G-tec, the Liege (Belgium) based contractor specialized in offshore geotechnical and geological site investigations, marine geophysical and environmental surveys and deepsea engineering services. The other shares are owned by SRIW (Sociéte Régionale… Read More
Bridger Steel Inc., a premier metal manufacturer of panel systems for roofing, siding and interior applications, has signed a lease with the Port of Kalama for 30,000 square feet of office and warehouse space and another 10,000-square foot covered area for loading trucks. Bridger, which is the first tenant in the Port’s new 110,000 square… Read More
In Q3, the revenue of A.P. Møller – Mærsk A/S’ continuing operations increased by 14% year on year driven by higher freight rates in Maersk Line. The underlying profit was USD 248m, with an improvement of USD 290m in Transport & Logistics and a decline of USD 15m in Energy. For A.P. Møller – Mærsk… Read More
The outcome of the recent winning bids shows that DCI had been taking advantage of the port trusts by taking up work on nomination basis at rates that were much higher than the market, said a major port trust official Central government-owned major ports trusts will not be affected by the decision to privatise Dredging… Read More
The owner of an Ardrossan company has developed technology that should speed the removal of toxic tailings ponds polluting defunct mine and industrial sites around the world. Conventional dredging generally relies on people operating vessels that float on the surface and suck or dig up material from the bottom, but Canada Pump and Power’s underwater… Read More
Abu Dhabi’s National Marine Dredging Corporation (NMDC) is planning to pick-up stake in the government-owned Dredging Corporation, reports the Hindu BusinessLine. On Wednesday, the Cabinet approved sale of the government’s entire 73.47 percent stake in Dredging Corporation of India (DCI), according to official sources. “DCI would be a most suitable and best fit for us,”… Read More
A dredging company sued along with the U.S. government and ultimately hit with a nearly $14 million bench verdict for damaging an oil pipeline in the Gulf of Mexico can’t recover $5.9 million in indemnity from the government, a federal judge has ruled. Weeks Marine paid out the entire $13.9 million judgment to Contango Operators… Read More
Royal Boskalis Westminster N.V. (Boskalis) together with a Cypriot partner, has been awarded a contract for long term maintenance dredging works in the Middle East. Boskalis and its partner will develop and build an electrical cutter suction dredger for these works that are set to commence shortly after the commissioning of the vessel in 2019…. Read More
Bayonne Office of Emergency Management has been told Great Lakes Dredge and Dock will attempt to pull the barge that washed ashore in Bayonne early Monday back across Newark Bay on Wednesday. The owner of the 349-ton vessel, Great Lakes Dredge and Dock, tried to remove it from the waters off West 21st Street at… Read More
The Cabinet has approved the sale of the government’s entire 73.47 percent stake in Dredging Corporation of India, official sources said after the Cabinet meeting, chaired by Prime Minister Narendra Modi. They said the Cabinet has approved the sale of government’s entire 73.47 per cent stake in the company which could fetch about Rs 1,400… Read More
Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) today announced that it will release the financial results for its three and nine months ended September 30, 2017 on Tuesday, November 7, 2017 at 7:00 a.m. C.S.T. A conference call with the Company will be held the same day at 9:00 a.m. C.S.T. The call in number… Read More
Italian export credit agency Sace is backing a €5.5mn export deal, to the United Arab Emirates, for pumps and dredges manufacturer Dragflow. Sace is covering 100% of the loan in the form of an export guarantee, a spokesperson for the ECA tells GTR. Italian company Dragflow will export dredging machinery to Dubai, which will be… Read More
DP World Limited handled 52.3 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals in the first nine months of 2017, with gross container volumes growing by 10.0% year-on-year on a reported basis and 9.6% on a like-for-like1 basis, with the third quarter growth rates accelerating to 13.5% year-on-year on a reported… Read More