The Gujarat Maritime Board (GMB) plans to undertake the largest-ever dredging project in its 30-year history, reports eximin.net. This very important development program will support the implementation of the RoRo ferry project connecting Ghogha in Bhavnagar with Dahej. Regarding these plans, H C Rajpal, the head of GMB’s mechanical department, stated: ”This is the first [...]
GE Capital, Corporate Finance today announced it provided $16 million in equipment financing to the Dutra Group, Inc. The funds refinance existing debt used to support the company’s marine fleet. Headquartered in San Rafael, CA, the Dutra Group focuses on dredging and marine construction along the west coast, and produces and distributes aggregate materials to [...]
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Contract signing for dredging and reclamation of six Islands was held at the Ministry of Housing and Infrastructure. The ceremony, which was held on January 17, was attended by Minister of Housing and Infrastructure, Dr.Mohamed Muizzu and Managing Director of Housing Development Corporation (HDC) Mr. Suhail Ahmed, Council members of the six Islands and senior [...]
![USA: Port of Skagit Gets Funding for Capital Projects]()
The Port of Skagit took advantage of historically low interest rates this week by issuing bonds to refinance existing debt and provide funding for future capital projects. Three series of limited tax general obligation and refunding bonds, totaling $6.44 million, were issued. Proceeds from the first series, totaling $2.2 million, will be used to refinance [...]
![Bangladesh: Government Announces Capital Dredging Plan]()
The Bangladesh government has announced the plan that will ensure smooth navigability on the important river routes in the country. This capital development plan includes the massive dredging program on 53 rivers which will cost about Tk 18.74 billion, according to thefinancialexpress-bd.com. As soon as the Bangladesh Inland Water Transport Authority (BIWTA) receives the nod [...]
Van Oord has been awarded a contract by PT PP (Persero) TBK for deepening the port and reclaiming land for a new terminal area in Tanjung Priok, Jakarta, the largest container port in Indonesia. The contract is part of the Kalibaru North Container Terminal Phase 1 Project, which will expand the port of Tanjung Priok [...]
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HafenCity Hamburg GmbH has invited bidders to submit their offers for the harbour expansion works. This program includes: – Works to increase the ground area of the planned project in the eastern harbour city roads; – (7 subprojects, total approximately 95,000 m²) with measures for site clearing, demolition (foundations and deep sea wall components); – [...]
The state-run Taiwan International Ports Corporation (TIPC) signed agreements Friday with 18 local companies that have pledged to invest a combined total of NT$55.4 billion (US$1.89 billion) in major harbors in Taiwan. TIPC said the investments are expected to create about 5,600 jobs and generate NT$30.6 billion in tax revenue for the government over the [...]
Shanghai City authorities have mapped out the future 30 years development of the world’s largest port, and with an eye on limited draft availability in the vicinity, the area of Hengshaqiantan has been earmarked for extensive dredging. The area, which is to the east of the city centre, will house berths capable of handling VLOCs [...]
The Borough of Avalon will receive a significant beach fill project during the winter that will result in at least 140,000 cubic yards of sand being placed on the north end beaches from 9th Street south to 20th Street. If extra options are available to the borough for the project, a total of 190,000 cubic [...]
