Africa
Nigeria: Four Construction Workers Kidnapped in Bayelsa
Unknown armed men have abducted four construction workers at a dredging site along the Nembe waterways in Nembe Local Government area of Bayelsa State. The kidnapped workers are Nigerian nationals attached to Setraco Nigeria Ltd, the construction firm handling the Bayelsa-Delta flank of the East-Wes
New Suez Canal: Digging Pace Will Be Increased (UPDATE)
Eight million cubic meters have been dug in the New Suez Canal project so far, the Armed Forces said in a statement. “The digging pace will be increased after the rest of the digging equipment get into action,” the statement said. Forty-two companies and two battalions are taking part in the project
Top News – August 11 to 17, 2014
Egypt to Build New Canal Alongside Suez Canal Egypt’s President Abdel Fattah al-Sisi attended the ceremony of launching the Suez Canal Axis Development Project at the Suez Canal Authority (SCA) club, Ismailia governorate. Boskalis Posts Record Profit in First Half Year Royal Boskalis Westminster N
New Suez Canal: Officials Discuss Funding Plan (Egypt)
President Abdel Fattah El Sisi met on Thursday with Prime Minister Ibrahim Mahlab, Central Bank of Egypt (CBE) Governor Hisham Ramez, Minister of Finance Hany Qadry, International Cooperation Minister Naglaa el-Ahwani, and Investment Minister Ashraf Salman to discuss plan of funding new Suez Canal p
SCA to Reveal Name of Consortium for New Canal (Egypt)
Chairman of the Suez Canal Authority (SCA) and head of the executive council of the Suez Canal Corridor Project Mohab Mamish said that the name of the consortium that wins drawing up the Suez Canal Corridor Project’s blueprint would be announced within this week. He pointed out that the measures to
VIDEO: New Suez Canal to Boost Egypt’s Economy
The Armed Forces have already commenced carrying out the New Suez Canal Project. The digging works were divided into 33 sectors and assigned to specialized civil companies and two road divisions of the Armed Forces Engineering Authority. The project will boost Egypt’s economy and help speed up the m
Nigeria: Warri-Baro Dredging Program Completed
Speaking in Lagos two days ago at a stakeholder’s forum organized by the National Inland Waterways Authority (NIWA), President Goodluck Jonathan said that the Federal Government has wrapped up the Lower River Niger dredging program (572 km), from Warri in Delta State to Baro in Niger State. He added
Boskalis Launches Share Buyback Program
Royal Boskalis Westminster N.V. has announced the start of its share buyback program. Within the framework and based on the principles of its business plan for the 2014-2016 period Boskalis intends to execute a buyback program for up to 10 million of its own shares. The program will be executed in t
Boskalis Posts Record Profit in First Half Year
Royal Boskalis Westminster N.V. realized a net profit of EUR 253 million in the first half of 2014 (H1 2013: EUR 123 million). Revenue rose 21% in the first half of the year to EUR 1.5 billion (H1 2013: EUR 1.3 billion). Organic revenue growth was 13.4%. EBITDA amounted to EUR 466 million in the [&h
New Suez Canal: Army Invites Companies to Join Works
Head of the Egyptian Armed Forces Engineering Authority, Major General Kamel el-Wazeer, has invited contracting companies to join works at the Suez Canal Mega Project. Any company that can dig 500 meters of land can file its application, el-Wazeer told reporters on Tuesday. More than 40 companies sp
Teledyne Marine Schedules Seminars on Shallow Water Surveys
The Teledyne Marine Acoustic Imaging Group, consisting of RESON, BlueView and Odom Hydrographic, will hold the Underwater Technology Seminars (UTS) in Hamburg (September 16-18), Boston (October 7-9) and Singapore (December 1). At the 3-day seminars in Hamburg and Boston the theme is: “Hydrography in
Aqaba LNG: Successful Start of Marine Construction Works
BAM has successfully driven the first pile at the LNG jetty in Aqaba, Jordan. Together with its sister company BAM Contractors from Ireland and its Jordanian joint-venture partner MAG Engineering & Contracting Co. BAM International was awarded the Engineering, Procurement and Construction (EPC) of t