It's on us. Share your news here.
It's on us. Share your news here.
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
The U.S. Army Corps of Engineers has awarded the final contract to complete deepening of the Delaware River shipping channel. The Corps awarded the $50.3 million project to Norfolk Dredging Co. The company will dredge about 4 million cubic yards of material from the Tinicum, Eddystone, Chester, Marcus Hook, and Bellevue ranges of the Delaware… Read More
The U.S. Army Corps of Engineers, Vicksburg District, recently selected Joel Brown as chief of its river operations branch, Operations Division. In this position, Brown will be responsible for the work of the Mat Sinking Unit, Dredge Jadwin, Vicksburg Harbor facility, maintenance section, navigation and dredging on the Mississippi, Red, and Ouachita/Black Rivers, and operation… Read More
Shares of Duke Offshore added 16 percent intraday Friday as it has won order to support specialized dredging operations with MNC JV partner at Mumbai Harbour. The company has been awarded a contract for newly purchased crew boat Duke Express. The company has recently purchase Duke Express, a brand new high speed crew boat, to… Read More
Dredging Corporation of India (DCI) has signed an agreement worth Rs 102 crore with Mongla Port Authority, Bangladesh for dredging in Pussur Channel, said the company in a BSE filing on Friday. DCI has been exploring foreign markets to expand its market base outside India. The project involves dredging of around 3.88 million cum to… Read More
The official signing ceremony for the concession agreement of the new container terminal was held on 25 July 2017 in Kribi, Cameroon, chaired by the Minister for Transport, Mr Edgar Alain Mébé Ngo’o, Bolloré Transport & Logistics said in its press release. Following an international call to tenders, the consortium of the French groups Bolloré… Read More
Todd Prophet, the Senior Vice President and Chief Financial Officer of tug and barge operator Harley Marine Services, Inc., Seattle, WA, recently passed away following a long battle with lung cancer. In an e-mail on July 21 from Hamburg, Germany, Harley Marine Services (HMS) Chairman & CEO Harley Franco wrote, “It is with great sadness… Read More
The Bahrain Real Estate Investment (Edamah) has signed an agreement with Vision Marine to undertake the reclamation work for the beachfront “Saada” Project. The deal followed directives from His Royal Highness Prime Minister Prince Khalifa bin Salman Al-Khalifa to proceed with service projects, including the Muharraq beachfront renovation. Edamah is considered as the real estate… Read More