![Kingston Wharves Profit Affected Due to Weak State of Jamaican Economy]()
Kingston Wharves, one of the Caribbean’s leading multipurpose terminal operators, has recorded a 43.5% year-on-year decline in net profit during its 2011 financial year. The company’s operating profit has been affected by declining cargo volumes resulting from the weak circumstances surrounding the Jamaican economy. Kingston Wharves’ CEO, Grantley Stephenson, said the company is exploring possibilities [...]
![UK: Wellington Dock Cleanup Delayed Due to Bad Weather]()
Work to clean up and repair the Wellington Dock has been delayed by bad weather, Dover Harbour Board has revealed… (thisiskent) Source: thisiskent, December 27, 2011;
![Southern Bangladesh Rivers Face Serious Difficulties Due to Non-Navigability]()
The ferry movement on 12 river routes, mostly in southern Bangladesh, has been facing serious difficulties due to non-navigability in … (thedailystar) Source: thedailystar, December 23, 2011;
China Dredging Group Co. withdrew its plans for an initial public offering, citing unfavorable market conditions. The dredging contracting service company filed last December to offer up to $50 million in American depositary shares to help finance the purchase of ships and other equipment. China Dredging mostly focuses on reclamation dredging, which involves transferring material [...]
![Nigeria Loses Money Due to Poor Project Design in FCT and River Niger Dredging]()
Nigeria is once again losing N9,027,193,375.10 to poor design of projects in the provision of infrastructure in two satellite towns of Kubwa… (thisdaylive) Source: thisdaylive, November 3, 2011;
![Bangladesh: Capital Dredging Project Uncertain Due to Fund Shortage]()
Fund crunch has put a question mark on the future of the Tk 22-billion river dredging project. Included in the annual development programme… (thefinancialexpress-bd) Source: thefinancialexpress-bd, October 9, 2011;
![USA: Chassahowitzka River Dredging Project on Hold]()
A Citrus County dredging project has been put on hold while regulators await a permit from the U.S. Army Corps of Engineers. (baynews9) Source: baynews9, September 9, 2011
![India: DCI Disinvestment is Not Possible Due to Low Valuation, Says Shipping Ministry]()
The Ministry of Shipping has indicated that it is not in favour of a proposal of the disinvestment… (business-standard) Source: business-standard, September 6, 2011;
![Kenya: Cargo Ships Switch to Dar es Salaam Due to Delays at Port of Mombasa]()
Cargo handlers and importers are up in arms over delays to allocate berths and the shortage of loaders at the port of Mombasa… By GITONGA MARETE (nation) Source: nation, September 1, 2011;
![USA: Great Lakes Dredge & Dock Corporation Commences Offering of Senior Notes Due 2019]()
Great Lakes Dredge & Dock Corporation today announced that, subject to market and other conditions, it intends to offer up to $250 million of Senior Notes (“Notes”). The Notes, if issued, would be senior unsecured obligations of the Company and its subsidiaries that guarantee the Notes. Each of the Company’s existing and future wholly owned [...]
