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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
Maldives Transport and Contracting Company’s (MTCC) gargantuan hopper suction dredger received an offer from Malaysia for a land reclamation project. The company’s Chief Executive Officer Ibrahim Ziyath has confirmed that a Malaysian corporation had extended offer of utilizing the mega dredger for a land reclamation project. “We have received an inquiry from an interested Malaysian… Read More
The U.S. Army Corps of Engineers has selected a company to perform its portion of the dredging work at Saxon Harbor. Roen Salvage Company was awarded the $993,000 dredging contract to remove approximately 18,000 cubic yards of material from the marina’s main channel and do some repairs to the harbor’s levees, according to Lynn Rose,… Read More
Union Shipping Minister Nitin Gadkari’s remark that no decision has yet been taken on strategic disinvestment of Dredging Corporation of India (DCI) has led to speculation that the government is keen on offloading majority stake in the Category I ‘mini ratna’ company. The net worth of the company is presently around ?1,500 crore and the… Read More
Orion Group Holdings, Inc. (NYSE:ORN), announced it will release its financial results for the third quarter 2017 before the market opens on Wednesday, November 8, 2017. 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 Orion Group Holdings,… Read More
The North Carolina Department of Transportation has awarded Bollinger Shipyards of Lockport, LA, a $9.7 million contract for construction of a new river class vehicle ferry for the N.C. Ferry Division. Due to be delivered by March 1, 2019, the new ferry will be 183 feet long and have room for 38 regular-sized vehicles. It… Read More
Huntington Ingalls Industries (NYSE:HII) reports two promotions to the leadership team at its Newport News Shipbuilding division. Dave Bolcar is promoted to vice president of submarine construction, which now encompasses both the Virginia- and Columbia-class submarine programs. Bolcar most recently served as director of the Columbia-class program. He joined the shipyard in 1988 as an… Read More
Abu Dhabi Ports, the master developer, operator and manager of commercial and community ports within the emirate of Abu Dhabi, as well as Fujairah Terminals and Khalifa Industrial Zone Abu Dhabi, on Monday launched Sustainability Week at the cruise terminal in Mina Zayed. The three-day event is being held in collaboration with Emirates Global Aluminium,… Read More