DCI Faces Hard Times (India)

DCI Faces Hard Times

Dredging Corporation of India has plunged into a deep slump over the recent period which resulted in a very poor dredging activity, if any, for its fleet.

According to the Non-Executive Employees’ Union affiliated to the CITU, this has further resulted in the failure to recover huge amounts of money from clients, such as Sethusamudram Corporation Ltd, Kolkata Port and others, the Hindu Business Line writes.

What used to be a very profitable enterprise is now unable to meet its minimum operational and financial targets in order to survive on the market, let alone compete with its counterparts.

The union is accusing the company of corruption and lack of the management’s interest in saving the company’s business.

The ones afflicted the most are the employees, who haven’t been paid productivity-linked incentive bonus over the past three years straight, Mr G. Raja Rao, the union President noted among other things, in a petition, submitted to the Parliamentary Committee on Assurances

Dredging Today Staff, July 26, 2012; Image: dredge-india

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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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