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The Port of Virginia® and the US Army Corps of Engineers today signed the agreement committing the federal government to begin its financial investment in the construction effort to widen and deepen the commercial shipping channels and Norfolk Harbor. With a group of federal and state officials in attendance, Virginia Port Authority CEO Stephen A…. Read More
The U.S. Army Corps of Engineers, St. Paul District, is seeking public comments on its draft Supplemental Environmental Assessment, or supplemental EA, released today, May 11, for proposed modifications to the Pierce County Islands in Upper Pool 4 of the Mississippi River. Corps officials initiated a feasibility study in 2017 to identify steps that could… Read More
Suez Canal Economic Zone (SCZONE) has signed six memoranda of understanding for investments worth US$ 10 billion for green hydrogen and green ammonia projects with major international companies and consortiums, to establish industrial facilities and complexes in Sokhna zone to produce green fuel and use it for ship bunkering purposes or export to foreign markets…. Read More
A California coastal panel on Thursday rejected a long-standing proposal to build a $1.4 billion seawater desalination plant to turn Pacific Ocean water into drinking water as the state grapples with persistent drought that is expected to worsen in coming years with climate change. The state’s Coastal Commission voted unanimously to deny a permit for… Read More
Royal Boskalis Westminster N.V. (Boskalis) announces that the Annual General Meeting of Shareholders (the Meeting) held today adopted the 2021 financial statements and discharged the members of the Board of Management for their management as well as the Supervisory Board for their supervision. Reappointments Mr. B.H. Heijermans, MSc was reappointed as a member of the… Read More
The AD Ports Group, fresh from its IPO and ADX listing, churned out Dh1.94 billion in first quarter 2022 revenues, from Dh910 million a year ago, with all of its key clusters contributing. The entity, owned by Abu Dhabi Government, made gains from key clusters as well as early inflows from ‘new partnerships and business… Read More
Rick Sporrer, currently VP sales Americas at Danfoss Power Solutions, has been appointed the next president of Danfoss North America, effective July 1. He succeeds John Galyen, who has announced his retirement from Danfoss later this summer. Over the next several months, Galyen and Sporrer will work together to ensure a successful transition. Sporrer brings… Read More
The world’s leading shippers all stopped deliveries to and from Russia after its invasion of Ukraine — with one crucial exception. That, according to the London-based data analytics company GlobalData, was the industry’s fourth-biggest player, China COSCO Shipping Corporation Ltd. The Shanghai-headquartered group’s continued transport of Russian crude oil to China provided “economic succor for… Read More
Royal Boskalis Westminster N.V. (Boskalis) announces that the first quarter of 2022 proceeded in line with expectations. Both the market picture and the operational and financial developments are in line with the expectations as outlined at the announcement of the 2021 annual results in mid-March. HIGHLIGHTS FIRST QUARTER 2022 Strong increase in revenue compared to the… Read More
Richard Balzano took over as CEO and executive director of the Dredging Contractors of America in December 2020. And while he says he’s “still fairly new to the [dredging] industry”, he certainly knows his way around the business, having held a number of prominent roles over the course of more than 30 years in the… Read More