Polaris Moves Ahead with Port of Long Beach Terminal Development

Polaris Minerals Corporation reported financial results for the quarter ended March 31, 2014.

The net loss attributable to shareholders was $1.5 million ($0.02 loss per share) in the quarter a reduction of 19% compared with the net loss of $1.9 million ($0.03 loss per share) in the comparative quarter last year.

Herb Wilson, President and CEO, said: “April set a new sales record, some 23% higher than any previous month, and this level of activity is expected to continue throughout the second quarter. We are moving ahead with the development of the terminal in the Port of Long Beach, California, where a recovery in this major market is underway. Maintenance dredging of the ship berth has been completed and submitted construction plans await City approval.”

Press Release, May 9, 2014

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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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