Dredgewire emphasizes that this is a very big story for the US maritime industry as it will channel more fees directly to maritime infrastructure including dredging. Two Federal Maritime Commission commissioners confirmed Thursday that the Trump administration has begun implementing enforcement measures to close a decades-old tax loophole that allowed cargo routed through Canadian and… Read More
DredgeWire: Just saying! Right after DredgeWire published its lead story last Thursday about the strong performance of the stocks in our DredgeWire index, JP Morgan issued its own report endorsing GLDD and Orion. Guess we were on to something! Great Lakes Dredge & Dock (GLDD) +8% in Thursday’s trading to its highest in more than four years as J.P. Morgan… Read More
Moffatt & Nichol – Burns & McDonnell Hawaii, Large Business, Honolulu, Hawaii, is awarded an $84,000,000 firm-fixed-price, indefinite-delivery/indefinite-quantity modification to a previously awarded contract (N62478-20-D-5035) for architect-engineer services. This award brings the total cumulative face value of the contract to $264,000,000. The contract modification is for design and engineering services for various waterfront projects. Work… Read More
Dutch prosecutors seek fines over €500,000 against two former subsidiaries of construction group VolkerWessels over alleged bribery on a bridge project in the island of Saint Maarten. Prosecutors are asking for a €525,000 fine against Volker Construction International (VCI) and Volker Stevin Caribbean (VSC), accusing the companies of bribing Saint Maarten’s former infrastructure minister between… Read More
