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A.P. Møller – Mærsk A/S [A.P. Moller – Maersk] has signed an agreement to sell Maersk Tankers A/S [Maersk Tankers] to APMH Invest A/S, a subsidiary of A.P. Moller Holding A/S [A.P. Moller Holding] for USD 1,171 mill. in an all-cash transaction. The transaction entails a market upside provision regulating total payment should the product… Read More
Patriot Marine of Boston wants to buy a small piece of riverfront land from the city to bring its dredging and marine construction company here. The proposal is to purchase a 15,500-square-foot strip at 90 River St. along the Qunnipiac River for $80,000 from the city. The company needs the riverfront piece to have water… Read More
Jan De Nul Group wins the annual IADC Safety Award, presented during the Annual General Meeting of the International Association of Dredging Companies (IADC) in Marseille, France, the company said in its press release. Jan De Nul Group is being honoured for its ‘transport of pipeline optimization’ initiative on its logistic hubs in Zelzate (Belgium)… Read More
The Ukrainian Sea Ports Authority (USPA) says it has announced the open tender procedure for the construction of trailing suction hopper dredger. National and international shipbuilding companies are invited to participate. To ensure equal conditions, the tender documentation is published in two languages — Ukrainian and English. The company can submit its proposals to USPA… Read More
Shipping company Mercator Ltd is eyeing a slice of the projected Rs 12,000-crore annual dredging contracts to be generated under the governments ambitious Sagarmala initiative. “As one of the largest private sector dredging companies in India, our extensive experience would surely help us get a slice of this business. Pipelines for upcoming contracts are strong… Read More
Great Lakes Dredge & Dock Corporation, the largest provider of dredging services in the United States and a major provider of environmental and infrastructure services, announced the receipt of a combined $87.3 million in awarded work across four projects, including the $47.2 million award for the Post 45 Foot Charleston Entrance Channel Maintenance and New… Read More
Central Nebraska Public Power and Irrigation District (CNPPID) has purchased an IMS Model 5012 HP Versi-Dredge® from Ellicott Dredge Technologies (EDT) to clean out Jeffrey Reservoir, which is the regulating reservoir for the Jeffrey Hydroplant. The dredge was purchased after a successful three-month lease-purchase trial. Since the hydro-irrigation project began operations in 1941, sediment has… Read More
Large, internationally operating companies are showing their commitment to devastated St. Maarten/St. Martin and sending supplies. Boskalis from the Netherlands and the Airbus Foundation from France announced separately on Wednesday that they are bringing a large cargo to the island. The Airbus Foundation and the French Red Cross have sent an Airbus A350 XWB test… Read More
By December, when an Adani Group company inducts two large dredgers to its fleet, it will not only make the firm India’s biggest dredging contractor alongside state-run Dredging Corporation of India Ltd (DCI), but also intensify competition in a market that has seen contractors quoting very low rates to win work. Adani Ports and Special… Read More
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