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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
At the Uljanik Shipyard in Croatia, Mrs. Julie De Nul released the self-propelled Cutter Suction Dredger Willem van Rubroeck in the sea today by cutting the traditional ties of the rope. The delivery of the vessel will take place in 2018. The vessel has a length of 151.3 m, a width of 36 m and… Read More
To comply with the growing cruise tourism industry, the Old Doha Port will be redeveloped. It will serve as a cruise terminal and will accommodate the largest cruise ships of the last generation. The redevelopment program of approximately €100 million is implemented by the Ministry of Transport and Communication of the State of Qatar and… Read More
Hawaiian Dredging Construction Co. Inc. on Monday was awarded a contract of more than $60.6 million from the U.S. Department of Defense for the construction of two facilities at the Marine Corps Base Hawaii at Kaneohe Bay. The Honolulu-based construction company will design and build a two-story communications facility and a six-story concrete framed parking… Read More
Nine companies have submitted bids to participate in an open tender to carry out dredging works at the approaching channel of the Chornomorsk port (Odesa region) to 16 meters deep. The press service of the Ukrainian Sea Port Authority reported that the bids were opened on August 16 in the ProZorro e-procurement system. The bids… Read More
Arcadis, the leading global design and consultancy firm for natural and built assets, has been awarded an approximate $11.6 million contract by the City of Norfolk, Virginia, to design stormwater infrastructure enhancements to protect Ohio Creek communities against future flooding and continued sea level rise. Ohio Creek residents are regularly faced with flooding due to… Read More
The Cabinet is set to take a call on privatising Dredging Corporation of India (DCI) but opinion is split on the value proposition that could accrue to the buyer in the domestic dredging market where foreign firms have started winning large contracts though the business is reserved for Indian ships according to local laws. “The… Read More
Royal Boskalis Westminster N.V. (Boskalis) realized a net profit of EUR 75.1 million in the first half of 2017 (H1 2016: EUR 147.5 million). Revenue in the first half of the year declined by 7% compared to the first half of last year to EUR 1.09 billion (H1 2016: EUR 1.17 billion). Adjusted for consolidation,… Read More