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The €753m (£686m) construction contract has been awarded for a major new lock at Terneuzen in the Scheldt estuary between the Netherlands and Belgium. The contract was won by the Sassevaart joint venture consists of Dutch and Belgian sister companies BAM Infra and BAM Contractors, DEME (DEME Infra Marine Contractors and Dredging International) and Belgian… Read More
Mercator has bagged a 15.8-crore maintenance dredging contract from Mormugao Port Trust (Goa). In a notification to the stock exchanges, the company said the order has to be executed in FY18. Similarly, last week it had won a 38.88-crore maintenance dredging contract with Director General Naval Project, Visakhapatnam. That work also has to be completed… Read More
State-run Philippine Ports Authority said net income rose 20.5 percent in the first seven months from a year ago, boosted by robust domestic and international trade. Latest data from PPA showed that net income reached P5.58 billion as of end July, higher than P4.63 billion registered a year earlier. The figure also exceeded by 45.6… Read More
Hyderabad-based Navayuga Group will induct a strategic partner, potentially a container shipping line, into the terminal it runs at Krishnapatnam port in Andhra Pradesh’s Nellore district, seeking “synergies” to boost volumes which is expected to reach half a million twenty-foot equivalent units (TEUs) by March 2018, Managing Director Chinta Sasidhar has said. Sasidhar told BusinessLine… Read More
Penta-Ocean Construction (Penta-Ocean) has received an order from a consortium comprising Sumitomo, Toshiba and IHI to construct a large port in southern Bangladesh. The order, which was announced by the Japanese construction company in August and costs around $1.5bn, is the biggest contract Penta-Ocean has individually received to date. The consortium had agreed on a… Read More
Maj. Gen. Michael C. Wehr will transfer command of the Mississippi Valley Division (MVD), U.S. Army Corps of Engineers, to Maj. Gen. Richard G. Kaiser in a formal change of command ceremony Sept. 7. The ceremony will be officiated by the Corps’ Chief of Engineers Lt. Gen. Todd T. Semonite and will take place at… Read More
Specialist environmental contractor Ebsford Environmental has been appointed by the Canal & River Trust to a national framework designed to support the maintenance and protection of 2,000 miles of waterways in England and Wales. After a competitive tender process, Ebsford were selected to provide minor works which will support the Trust’s 10-year National Dredging Contract…. Read More
The Protecting Americans from Tax Hikes Act, passed in 2015, includes bonus depreciation for new equipment purchases. This means substantial tax savings for new equipment purchases in 2017. Under this rule Taxpayers can receive a 50% bonus depreciation in addition to normal depreciation. Between bonus depreciation and our competitive pricing, there has never been a… Read More
For over 15 years, Measutronics has been a trusted Trimble Marine Dealer, and now Trimble announces that Measutronics is now a Trimble Advanced Marine Partner. This new status is representative of the capability and support that Measutronics offers to Trimble customers. As a Trimble Advanced Marine Partner, Measutronics can integrate third-party hardware with Trimble Marine… Read More
The Special Economic Zone Authority in Duqm (SEZAD), new industrial city in southern Oman, and Boskalis Westminster (Oman) have signed an agreement for the construction of the liquid bulk berth at Duqm Port. The construction project, worth around $517m, is scheduled for completion within 32 months and will prepare Duqm Port to export liquid refined… Read More
Orion Group Holdings, Inc. (NYSE:ORN) (the “Company”) a leading specialty construction company, today provided an update regarding the ongoing impact of Hurricane Harvey on the Company. Hurricane Harvey, and the associated tropical weather and flooding, has greatly impacted a significant portion of the Company’s operations in both its marine and concrete segments. Specifically, marine segment… Read More
Penta-Ocean Construction is gearing up to build a large port in southern Bangladesh, as part of a broader development project involving Sumitomo Corp. and other Japanese players. The Japanese contractor announced the roughly 162 billion yen ($1.48 billion) port order on Aug. 23 — the largest contract it has received on its own to date…. Read More
The Dredging Corporation of India Limited (DCIL) has registered less profits in 2016-17 compared to previous year. The company earned Rs 7.12 crore profits after tax in 2016-17 compared to Rs 43 crore in the previous year. The company’s earnings per share has drastically fell from Rs 28 in 2015-16 to Rs 2.54 in the… Read More
China Harbour Engineering Company (CHEC) is committed to continuous investment of more financial, technological and human resources into African projects, according to Lin Yichong, Chairperson of the board of directors at CHEC. Speaking in a recent interview with Xinhua in Windhoek, Lin said that the company is always on the look-out for projects which offer… Read More
Croatian shipbuilder Uljanik [ZSE:ULJN-R-A] said on Monday it has delivered a trailing suction hopper dredger to Luxembourg-based Dredging and Maritime Managment. The 151.3 m long ‘Willem Van Rubroeck’ is 36 m wide and the maximum depth from which it will be able to dredge material is 45 m, Uljanik said in a Zagreb bourse filing…. Read More