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Saudi Aramco, the world’s biggest oil producer, signed two agreements with the Royal Commission for Jubail and Yanbu (RCJY), a government body that manages free zones in the country, to set up two industrial projects at Ras Al-Khair Industrial City. The commission will allocate two parcels of land to Aramco where it will build an… Read More
The owners of Lindeman Island resort have shown their enthusiasm for a $583million revitalisation project by quickly addressing environmental concerns. The Coordinator-General requested the island owner, White Horse Australia Lindeman, provide additional information for its environmental impact statement on October 18. This week the office received the company’s revised plan which scraps major sticking points… Read More
The Azikel Group, an indigenous sand dredging firm, has resumed business in spite of the sealing of its site by Bayelsa Board of Internal Revenue (BIR) on December 15, over alleged tax evasion amounting to N30 million. A News Agency of Nigeria correspondent who visited the premises of the firm on Friday reported that the… Read More
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