China Dredging Reports Third Quarter 2010 Financial and Operational Highlights

China Dredging Group Co., Ltd. (“China Dredging”), one of the leading dredging subcontractors in the P.R.C., today announced selected financial and operational results for the three months ended September 30, 2010.

Revenue $45.4 million,

Income from operations $23.5 million,

Net income $17.3 million,

Net cash provided by operating activities $24.9 million

China Dredging had nine dredgers in operation throughout the third quarter. Backlog as of September 30, 2010 was $124.1 million.

Mr. Alfred Ho, CFO of China Dredging stated, “We are pleased with the third quarter performance. We are well on our way to achieve our annual financial objectives for FY 2010.”

About China Dredging Group Co., Ltd.

China Dredging is one of the leading dredging subcontractors in the P.R.C.,operating a modern fleet of 9 high-capacity dredgers along the coast of China. Its vessels, which are fully committed during most of the next year to a contracted backlog, service blue-chip customers, including multi-billion-dollar international general contractors.

Source: China Dredging Group Co., Ltd., December 3, 2010

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2019 Western Dredging Association Gulf Coast Chapter Annual Meeting

The meeting will provide a forum for the exchange of information of interest to the dredging industry and its associates.

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3rd International Congress Hydraulic Engineering Structures and Dredging

Russia’s leading maritime industry Media Group PortNews (www.portnews.ru) holds a traditional annual Congress “Hydraulic Engineering Structures and Dredging” in Moscow. 

The two-day Congress includes the 7th International Forum of Dredging Companies and the 3rd Technical Conference “Modern Solutions for Hydraulic Engineering”.

Infrastructure development is among the real sources of Russia’s economy growth. Construction of port facilities and new hydraulic engineering structures on the country’s inland waterways constitute an essential part of all infrastructure projects. It is important to take into account the best international practices to implement these projects effectively.

The program of the Congress will be devoted to the latest technologies for dredging and hydraulic engineering works. Speakers and delegates will refer to real projects to discuss specifics features of dredging works, as well as dedicated fleet and equipment involved.

To learn more about event, please, contact the organizing committee: snitko@portnews.ru

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