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Dredging Corporation of India (DCI) said its non-executive workers’ union has threatened to launch an indefinite strike on or after December 6, 2017 to protest against its sale. Opposing the divestment plan, company workers, including shore-based executives, had gone on a mass leave on November 21 at Vishakhapatnam. The government, on November 1, approved sale… Read More
One of the things that struck me putting together the 2017 Industry Leaders supplement to OSJ, which will be published shortly, is the growing importance of Dutch and – to a lesser extent – Belgian owners. With the exception of Vroon Offshore, Dutch companies are not well known as owners of offshore support vessels, but… Read More
President Donald Trump recently appointed Maj. Gen. Richard G. Kaiser as the president of the Mississippi River Commission and Col. Paul E. Owen as a member of the commission. Commission appointments are nominated by the President of the U.S. and vetted by the U.S. Senate. Kaiser is the commander and division engineer of the Mississippi… Read More
Arcadis (EURONEXT: ARCAD), the leading global design and consultancy firm for natural and built assets, today announced that the Port of San Francisco has selected CH2M in partnership with Arcadis to lead the design and engineering for the 10-year Seawall Resiliency Project. The total fee for the contract amounts to $40 million. In an approximately… Read More
A proliferation of coastal restoration projects and LNG facilities has reinvigorated Weeks Marine Inc.’s decades-long presence along the Gulf Coast. Its strategically placed equipment yards and offices, firmly entrenched in the Louisiana marketplace, are perfectly poised to handle the load. The maritime contractor is certainly not a new kid on the block. Founded by Francis… Read More
Hamburger Hafen Und Logistik AG (HHLA) has continued to increase its throughput, revenue and profit significantly against 2016. In the first nine months of 2017, its container throughput increased by 10.8% to nearly 5.45m teu while revenue and profit also increased over 2016. The chair of HHLA’s executive board, Angela Tizrath, said: “HHLA is currently… Read More
Two former executives of Dutch oil services company SBM Offshore NV pleaded guilty to bribing officials at Brazil’s Petrobras and two state-owned energy firms in Africa. Anthony Mace, 65, was SBM’s chief executive officer from 2008 to 2011. He also served as a board member of SBM’s wholly-owned Houston subsidiaries. Mace, a UK citizen, pleaded… Read More
Dredging Corporation of India Limited, under the administrative control of Ministry of Shipping, has ended up with Rs. 22.56-crore profit for half year on Sunday. Declaring its unaudited financial results for the half year, the mini-ratna company made a profit of Rs. 22.56 crore as against a loss of Rs. 10.37 crore in the corresponding… Read More
The UAE’s National Marine Dredging Company (NMDC) posted an increase in its nine-month (9M) revenues for 2017, which amounted to $272.2m (AED1bn). NMDC’s 9M 2017 revenue amount is a 3% hike over corresponding figures for 2016, which were valued at $265m (AED973.4m). Investments in property, plant, and equipment for 9M 2017 amounted to $51.4m (AED189m),… Read More
Royal Boskalis Westminster saw a slight increase in revenue in the third quarter of 2017, compared to the quarterly average reported for the first half of the year. Boskalis cited poor conditions in the oil and gas sector for lower revenue results in its offshore energy business activities, compared with the previous quarters. The Netherlands-based… Read More
Van Oord is reaping the operational benefits on its fleet of dredgers and heavy lift ships by analysing an increasing volume of data. It has developed systems for the collection, storage, processing and analysis of data from suites of sensors on its vessels. According to Van Oord data scientist Gerben de Boer, the vessel owner… Read More
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