FOURTH QUARTER Strong Order Intake of €1.0 billion resulting in Book to Bill of 1.04x Record fourth quarter operating EBITA margin of 12.6% (Q4‘23: 11.4%) Free Cash Flow generation of €183 million (Q4‘23: €208 million) Bolt-on acquisition of Data Center Design business in Germany FULL YEAR Record backlog of €3.7 billion, organic growth of 16%,… Read More
Abu Dhabi, UAE – 14th February 2025: AD Ports Group (ADX: ADPORTS), an enabler of integrated trade, transport and logistics solutions, today announced its preliminary unaudited financial results for the fourth quarter and full year ending 31st December 2024. The year was characterised by solid organic growth operationally and financially, fuelled by inorganic growth primarily… Read More
Belgian company DEME Group was the sole firm to bid in the Argentine government’s tender for a major maintenance contract for the Parana waterway, a key route for grains transport, the government said on Wednesday. The bid could mark a major shakeup in dredging the river, part of a route from inland areas of Paraguay,… Read More
By Rear Admiral Sanjay Roye AVSM VSM (R), Indian Navy The Government of India has unveiled a comprehensive strategy to invigorate its shipbuilding industry, as highlighted in the Union Budget announced on February 1. This multifaceted approach encompasses substantial financial allocations, policy reforms, and international collaborations, all aimed at positioning India as a formidable player… Read More
We are thrilled to announce the successful relaunch of our dredger, KSR-V Royal IHC Beaver-1600, after completing its annual dry dock maintenance in the Maldives. This milestone marks a significant step in ensuring the vessel remains in top operational condition, ready to take on demanding dredging projects with enhanced efficiency and reliability. During this maintenance period, our team carried out extensive repairs and… Read More
FOURTH QUARTER Strong Order Intake of €1.0 billion resulting in Book to Bill of 1.04x Record fourth quarter operating EBITA margin of 12.6% (Q4‘23: 11.4%) Free Cash Flow generation of €183 million (Q4‘23: €208 million) Bolt-on acquisition of Data Center Design business in Germany FULL YEAR Record backlog of €3.7 billion, organic growth of 16%,… Read More
Abu Dhabi, UAE – 14th February 2025: AD Ports Group (ADX: ADPORTS), an enabler of integrated trade, transport and logistics solutions, today announced its preliminary unaudited financial results for the fourth quarter and full year ending 31st December 2024. The year was characterised by solid organic growth operationally and financially, fuelled by inorganic growth primarily… Read More
ICT Group B.V. (ICT Group) has announced the purchase of 100 per cent of the shares of Modality Software Solutions B.V. (Modality). Modality, based in Barendrecht, is a market leader in IT systems for intermodal container logistics. Its software supports transport management (TMS) and container terminal operations (TOS), with integrated interfaces with key players like… Read More
Technology group Wärtsilä and international consulting and engineering company Elomatic have signed a licensing and cooperation agreement covering the intellectual property rights, technology, and use of trademark of Elomatic’s unique Elogrid solution. Elogrid is a transverse thruster grid technology, which is designed to reduce vessels’ fuel consumption while also enhancing thrusters’ performance. This technology improves… Read More
Registration for the 24th World Dredging Congress & Exhibition (WODCON XXIV) is OPEN! Follow the links below to: SPONSOR EXHIBIT REGISTER – all in one place, all online! WODCON XXIV will be hosted by the Western Dredging Association (WEDA) and held at the picturesque Hilton San Diego Bayfront Hotel from June 23-27, 2025. WODCON is the only global event dedicated exclusively to… Read More
The full-day, in-person event will feature Group and Cluster senior management and other guest speakers, as well as site visits to flagship assets in Abu Dhabi, KEZAD and Khalifa Port, including the newly commissioned CMA Terminals Khalifa Port. The company will discuss its 2024 financial performance, business and market updates, M&A integration, growth strategy, capital… Read More
For professionals involved in dredging-related activities for water infrastructure development, CEDA and IADC organise the Dredging for Sustainable Infrastructure course. The course is based on the associations’ flagship guidebook with the same title. Are you a professional involved in dredging related activities for water infrastructure development and working in government, port authorities, consultancy firms, dredging… Read More
COPENHAGEN, 3 DECEMBER – The Global Maritime Forum has announced that its Annual Summit 2025 will take place on 21–22 October in Antwerp. As Europe’s second-largest port complex and a key hub for global shipping, Antwerp’s proximity to Brussels and its connection to European policymaking provide a fitting setting for the Forum’s flagship event. The Annual… Read More
Effective 1 January 2025, Ian Beveridge will hand over the executive management of Bernhard Schulte Shipmanagement (BSM) to BSM’s Chief Financial Officer Sebastian von Hardenberg. Beveridge will remain CEO of the Schulte Group. He will also continue to support BSM as Chairman of the BSM board, contributing his extensive experience and strategic acumen to further… Read More
Today, Ørsted’s Board of Directors has appointed Rasmus Errboe, current Deputy CEO and Chief Commercial Officer, as new Group President and CEO of the company replacing Mads Nipper who will step down from his position as Group President and CEO of Ørsted. Mads Nipper joined Ørsted in January 2021. He will step down as CEO… Read More
DNV strengthens leadership team, naming long-time executive Cristina Saenz de Santa Maria to the newly created position of DNV Maritime chief operating officer Cristina Saenz de Santa Maria has been named to the newly created position of DNV Maritime chief operating officer, according to an announcement by the class society. Ms Saenz de Santa Maria… Read More
We are thrilled to welcome Ian Finch as Director of Business Development for the EMEA region! Ian brings an impressive breadth and depth of knowledge and experience to the role and is uniquely qualified to serve existing clients and grow business in all market segments, including ports, shipyards, oil and gas, offshore wind, and naval… Read More
A renewable energy firm has said the political climate is right for a large-scale wind farm off the Devon and Dorset coast. Source Galileo is planning a 2GW project involving at least 100 turbines, which it said could power more than three million homes. On Monday, it announced a deal with Portland Port to service the development…. Read More
The Norwegian government has cancelled plans for another fixed-bottom offshore wind tender in the North Sea due to cost concerns, shifting its focus toward developing floating offshore wind projects. On 10 February, the Ministry of Energy announced that it no longer plans to advertise the Sørvest F later this year, which is an extension of… Read More
Source Galileo, a leading European renewable energy development company, developing the PortWind project, announced it has signed a non-exclusive Memorandum of Understanding (MoU) with Portland Port, an established commercial port on the South Coast of England, to work together with the common goal of maximizing opportunities for offshore wind development off the Dorset coast with associated… Read More
Today, Ørsted’s Board of Directors approved adjustments to the company’s business plan towards a focused capital allocation to strengthen the capital structure. The company will prioritise the most value-accretive growth opportunities through a self-funded investment programme. During 2024, Ørsted delivered full-year results in line with expectations, reaching an EBITDA excluding new partnerships and cancellation fees… Read More
Nigeria’s minister of marine and blue economy announced sweeping reforms on Thursday to modernise the country’s ports system and reclaim billions in lost cargo revenue while positioning Nigeria as West Africa’s premier transhipment hub. The ambitious plan, which includes dredging key ports to accommodate larger vessels and easing regulations, is projected to generate over 20,000… Read More
Importers seeking to send goods to Nigeria are increasingly turning to other West African nations to evade excessive port charges. In less than a month, multiple government agencies, terminal operators, and shipping companies at Nigerian ports have raised their fees by nearly 100%, making cargo clearance unaffordable for many businesses. The Lagos port, in particular, has seen… Read More
By Ric Anderson| In the annual State of the Port event, board chair Wendy Hamilton says this could be a “transformational year.” Terminal upgrades that are scheduled to go online in coming months and increased connectivity between Jacksonville and seaports around the world have JaxPort leaders feeling bullish about 2025, the chair of the Port Authority board… Read More
To enhance industrial growth and diversify the economy in Nigeria, the International Finance Corporation (IFC) has announced an equity investment of up to $50 million (over £40 million) in the Lagos Free Zone Company. This investment aims to support the development of Nigeria’s first deep-sea port-based private special economic zone, paving the way for critical… Read More
Washington DC [US] February 16 (ANI): Chinese and Hong Kong businesses’ control of important infrastructure on the Panama Canal and other port facilities in the Western Hemisphere has prompted calls for Washington to take measures to lessen Beijing’s influence. According to a report by Radio Free Asia (RFA), Beijing has “a strategic position over one… Read More
The tikina Nasigatoka, which includes 7 villages and settlements in Nadroga-Navosa, has unanimously agreed to oppose any future dredging of the Sigatoka River due to the harmful impact that past dredging activities have had on the river’s ecosystem. A representative from the Tikina raised these concerns during a Government Public Consultation held at the Sigatoka… Read More
A German researcher and cultural anthropologist, Dr. Richard Kuba, has called on the federal government of Nigeria to invest in the dredging of river Niger to enable the country harness the abundant economic potentials of the river. Dr. Kuka who had carried out researches in Nigeria, Benin, Burkina Faso, France, Australia and currently a researcher… Read More
Plans to move a historical fishing trawler to a new location have been delayed over a river dredging issue, a council has said. As part of the Hull Maritime project, the Arctic Corsair is due to be moved to a new dry berth at the North End Shipyard. Hull City Council needs to remove 3,500… Read More
Hills Quarry Products has continued its mineral partnership with Urban&Civic – entering into a long term agreement for sand and gravel extraction at the former RAF airfield site near Down Ampney, Gloucestershire. The agreement for the 178 hectare Airfield Quarry site with reserves of c. 6.5 million tonnes of sand and gravel, will create around… Read More
Phnom Penh’s Chroy Changva District Administration clarified that the three bank collapse incidents along the Mekong River were caused by natural factors, and not by sand dredging, as some media outlets had claimed. Two instances occurred in Prek Leap commune and one took place in Bak Kheng commune of Chroy Changva district. The administration noted… Read More
Although there are EU directives that call for the protection of rivers, to date, Romania has not fully put an end to sand and gravel extraction from riverbeds. It is suspected that political backing and the cooperation of authorities have made it possible to dredge deeper and deeper into riverbeds under the guise of flood… Read More
Simone and Brendan O’Dowd discuss how they established a business, how they can help with the sand shortage, and revitalise previously underused resources. American businessman and writer Philip Crosby once shared this sentiment: slowness to change usually means fear of the new. The sentinment can also be somewhat valid in the quarrying sector. Sometimes, change… Read More
Ocean Network Express (ONE) has announced the naming of ONE Sparkle, the company’s first owned and operated newbuilding container vessel. ONE Sparkle incorporates some environmental features including: methanol and ammonia-ready fuel capability, enabling future conversion to these alternative fuels; advanced hull design optimised for improved energy efficiency; latest generation energy-saving devices; smart technology integration for… Read More
Basra Gateway Container Terminal (BGT), an International Container Terminal Services, Inc. (ICTSI) facility at the Port of Umm Qasr, Iraq, has received a new Konecranes Gottwald ESP.8 mobile harbour crane. With a 125-tonne lifting capacity and a 54-metre boom, the crane can serve vessels up to the post-Panamax class, enhancing BGT’s operating capabilities. This new acquisition is… Read More
By Rear Admiral Sanjay Roye AVSM VSM (R), Indian Navy The Government of India has unveiled a comprehensive strategy to invigorate its shipbuilding industry, as highlighted in the Union Budget announced on February 1. This multifaceted approach encompasses substantial financial allocations, policy reforms, and international collaborations, all aimed at positioning India as a formidable player… Read More
Domestic shipbuilders, who have accumulated several years’ worth of order backlog, are considering overseas subcontracting. Domestic shipyards’ docks are full, prompting some of the new vessels ordered to be constructed abroad. With projections indicating that the shipbuilding boom will continue for several more years, domestic shipbuilders are considering producing revenue-generating vessels in Korea while passing… Read More
As a result of the growing demand for Beavers®, Royal IHC has decided to expand its production capacity. In addition to their Dutch production capacity, Royal IHC has selected VAHALI Shipyards to build standard cutter suction dredgers (CSD) at its yard in Serbia. The first steel plates were cut last week, marking the official start… Read More
Maersk has entered into a partnership with Castlery, a Singaporean furniture retailer, for a multi-year global integrated logistics and fulfilment agreement. By leveraging Maersk’s capabilities in managing supply chains amid ongoing disruptions, the partnership will enable Castlery to offer seamless delivery for its customers, reducing wait times for orders to one to two months, approximately… Read More
Belgian company DEME Group was the sole firm to bid in the Argentine government’s tender for a major maintenance contract for the Parana waterway, a key route for grains transport, the government said on Wednesday. The bid could mark a major shakeup in dredging the river, part of a route from inland areas of Paraguay,… Read More
THE PORT OF MELBOURNE has signed a new, 12-year maintenance dredging contract with Dutch specialist Boskalis. PoM said although this new agreement – which became effective on 1 February – followed an extensive procurement process to achieve a new contract “that best meets our requirements”, Boskalis’ familiarity with the port and understanding of the unique challenges… Read More
Agricultural exporting firms in Argentina, one of the world’s largest food suppliers, are urging the government to quickly re-do a tender process for a contract to maintain a key river route used to transport crops after the previous call fell apart this week. Argentina exports 80 per cent of its grains through the Parana River waterway,… Read More
On February 6, 2025 Damen Shiprepair Vlissingen (DSV) and Rossilini’s Four-10 signed a contract for the outfitting of the REV Ocean. The contract covers both the interior and exterior of the state-of-the-art research and expedition vessel. The workscope will take place in DSV’s covered drydock. When completed, REV Ocean will conduct research covering the entire marine ecosystem, from the coastal… Read More
Washington, D.C. – The U.S. Army Corps of Engineers (USACE) is highlighting it 250 years of service to the nation by celebrating its birthday throughout 2025. USACE was established on June 16, 1775, when the Continental Congress authorized the first Chief Engineer to oversee the construction of fortifications and other military infrastructure. Over the centuries, USACE… Read More
WIESBADEN, Germany, Dec. 3, 2024 /PRNewswire/ — The U.S. Army Corps of Engineers Europe District has selected the joint venture of Woolpert and Black & Veatch to provide architecture, engineering, master planning, and design services under a five-year, $94.5 million contract. The contract supports military installations and projects throughout 30 European countries. The contract, expected to be completed in September 2029, will… Read More
FINEGAYAN, Guam – The Office in Charge of Construction Marine Corps Marianas (OICC MCM) closed out fiscal year 2024 with 58 active construction projects and record-breaking metrics, according to an overview brief published in October 2024. OICC MCM was first commissioned in 2016. The command has approximately 130 personnel who monitor and manage construction projects… Read More
VICKSBURG, Miss. – The U.S. Army Corps of Engineers (USACE) Vicksburg District has selected Cheryl Boyd as chief of the Resource Management Division. The Resource Management Division is responsible for all district level financial management activities and offers professional financial advice, guidance, and policy interpretations while ensuring the implementation of procedural controls, processing of reports and… Read More
As a result of the growing demand for Beavers®, Royal IHC has decided to expand its production capacity. In addition to their Dutch production capacity, Royal IHC has selected VAHALI Shipyards to build standard cutter suction dredgers (CSD) at its yard in Serbia. The first steel plates were cut last week, marking the official start… Read More
STORY: Security camera footage from the port showed huge cranes falling over one by one after the first impact. Kocaeli governor said in a statement that there were no injuries or environmental effects reported. Reuters was able to confirm the location from the color and positioning of the cranes, the structure of the port which… Read More
GLDD recently launched the Cape Hatteras and the Cape Canaveral Damen 3013 Multicats, that were built at Conrad shipyard. DredgeWire sat down with Chris Gunsten, Senior VP of Project Services & Fleet Engineering to discuss their new Damen 3013 Multicats. DW: Why did GLDD not build their own Multicats? CG: Over many years GLDD has… Read More
The Panama Canal is running out of water, threatening the global supply chains and industries that depend on it. WSJ takes you inside the canal’s operations to understand what this means for the future of this vital shipping route. Photo: Getty Images Source