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CEO of Great Lakes Dredge & Dock Corp (NASDAQ:GLDD) Lasse Petterson bought 155,897 shares of GLDD on 08/09/2017 at an average price of $3.74 a share. The total cost of this purchase was $583,055. Great Lakes Dredge & Dock Corp is a provider of dredging services in the United States. The Company also owns specialty… Read More
Dewberry was selected by the Long Beach Board of Harbor Commissioners to update key guidance documents for the Port of Long Beach’s engineering bureau to support the mission and objectives of its program management office (PMO), and to reflect recent changes to the port’s organizational structure and responsibilities. The Port of Long Beach is implementing… Read More
Saudi Aramco signed a contract with a consortium comprising Saudi Archirodon Company Ltd and Huta Hegerfeld AG Saudia Company for dredging, reclamation and marine structures for King Salman International Complex for Maritime Industries and Services in Ras Al-Khair. The contract is the first major undertaking for the maritime complex where contractors will conduct dredging and… Read More
Orion Group Holdings, Inc. (NYSE:ORN) (the “Company”), a leading specialty construction company, today announced a contract award of approximately $14 million. The Company’s Marine segment, Orion Marine Group, was recently awarded a contract from a port authority in the Caribbean to improve its port facilities. The project involves refurbishment and upgrades for a cruise ship… Read More
The Visakhapatnam-based Dredging Corporation of India (DCI), a miniratna public sector unit, has bagged two major orders recently, including one from Bangladesh. The DCI recently bagged a ?102-crore contract for dredging Pussur channel in Bangladesh. Earlier, it got an order from Mumbai port for maintenance dredging for ?141.06 crore. It is chartering vessels or forming… Read More
Mercator Ltd is looking to raise $300 million, or about Rs 1,910 crore, by selling its coal assets in Indonesia and Mozambique, and selling stake in its dredging division to bulge bracket private equity funds, to build a war chest for future growth. The diversified marine operator is in talks with Canadian billionaire Prem Watsa-promoted… Read More
Shipping and dredging major Mercator is in early talks with Canadian investor Fairfax and Dutch company Van Oord to evaluate a bid for public sector undertaking Dredging Corporation of India (DCI), with Rs 1,700-crore, or $275-million, market value. The NDA government is expected to kick off a process to divest controlling shares in DCI, the… Read More
Orion Marine Group (NYSE: ORN) reported Q2 EPS of ($0.08), $0.10 worse than the analyst estimate of $0.02. Revenue for the quarter came in at $122 million versus the consensus estimate of $162.04 million. Outlook “As we look at the second half of 2017 and into next year, we expect high-quality bid opportunities to continue… Read More
A multi-million dollar contract was awarded for major construction repairs at the Soo Locks in Sault Ste. Marie by the U.S. Army Corps of Engineers – Detroit district. The contract for almost $2.4 million to replace Poe Lock quoin and miter blocks was awarded to Morrish-Wallace Construction Inc., of Cheboygan, Ryba Marine Construction. “The Poe… Read More
Dredging Corporation of India (DCI) Limited has bagged the contract of ‘maintenance dredging’ of Mumbai Port Trust. According to an official press release from the mini-ratna dredging PSU here on Tuesday, DCI had participated in a tender invited by Mumbai Port Trust (MbPT) for ‘maintenance dredging’ work for three years from 2017-18. The project involves… Read More
Jacobs Engineering Group Inc. (NYSE:JEC) and CH2M HILL Companies Ltd. today announced that they have entered into a definitive agreement under which Jacobs will acquire all of the outstanding shares of CH2M in a cash and stock transaction with an enterprise value (EV) of approximately $3.27 billion, including approximately $416 million of CH2M net debt…. Read More
Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD), the largest provider of dredging services in the United States and a major provider of environmental and infrastructure services, today reported financial results for the quarter ended June 30, 2017. For the three months ended June 30, 2017, Great Lakes reported revenue of $176.9 million, net loss from… Read More
Dredging Corporation of India today said it has emerged as the lowest bidder for a three- year dredging contract from Mumbai Port Trust. “The project involves dredging of around 11 million cum at an estimated cost of Rs 141.06 crore for three years,” DCI said in a filing to the BSE. It said it emerged… Read More
The head of the Panama Canal Authority said on Monday a Miami-based arbitration board rejected a demand by Spanish-led GUPC consortium for $192.8 million to cover cost overruns during the building of a third set of locks for the century-old waterway. GUPC or Grupo Unidos por el Canal includes Sacyr SA of Spain, Impregilo [IPGIN.UL]… Read More
Dredging Corporation of India has received Amver award from Consulate General of USA located at Hyderabad. Amver awards are given to those companies whose ships actively participate in the Amver (Automated Mutual-Assistance Vessel Rescue System), a worldwide voluntary reporting system sponsored by the United States Coast Guard. It is a computer-based global ship reporting system… Read More