Africa
Egypt: Officials to Form Committee for Suez Canal Development
Prime Minister Ibrahim Mehleb issued a decision No 377 for 2014 to form a ministerial committee for the Suez Canal Development Project. The committee will be headed by Prime Minister and include Ministers of Housing, Local Administration, Industry, Planning, Civil Aviation and Transport, as well as
Boskalis Achieves Record Net Profit of EUR 366 M
Royal Boskalis Westminster N.V. achieved revenue of EUR 3.5 billion in 2013 (2012: EUR 3.1 billion). Net profit rose sharply to EUR 366 million (2012: EUR 249 million), partly due to a number of extraordinary items amounting to EUR 97 million post tax. Boskalis intends to distribute a dividend of EU
Nigeria: Lagos Takes Action on Illegal Dredging
The Lagos State Government has closed down eight illegal dredging sites in Ikorodu axis of the State. They said that 16 illegal dredgers met on some of the sites were arrested and taken into custody. The Ministry has persistently warned against illegal dredging and has promised stiffer penalties aga
Van Oord Delivers Strong 2013 Results
Van Oord had a better business result in 2013 than in 2012. The year closed with an almost equal turnover of EUR 1,641 million (2012: EUR 1,676 million). At EUR 130 million, the net profit was considerably higher than in 2012 (EUR 98 million), and the company’s order portfolio was similar to the pre
Caterpillar Presents New Cat 311F RR Excavator
Caterpillar has introduced its new Cat® 311F RR excavator, powered with a 70 net horsepower (52 kW) C3.4B engine that meets U.S. EPA Tier 4 Final emissions standards. The new machine features a reduced radius that limits over-the-side tail swing to just 20 inches (508 mm). A massive 5,400-pound (2 4
Top News – March 2 to 9, 2014
Uljanik to Build Dredger for IHC Merwede On February 28, 2014, IHC Global Production B.V, part of IHC Merwede, and Uljanik d.d. signed the contract for the construction of one self-propelled cutter suction dredger. UK: Boskalis Westminster Wins Cowes Breakwater Contract Cowes Harbour Commission (C
EPC Contract for Zanzibar New Port Project Inked
On February 21, CCCC Vice President Sun Ziyu attended the signing ceremony of the EPC contract for Zanzibar New Port project. With a contract amount of over USD 200 million and a construction period of 36 months, the project involves construction of a multi-purpose terminal berth and related auxilia
APM Terminals Global Terminal Network Expands
APM Terminals’ container throughput increased to 36.3 million TEUs, as measured by equity share, reflecting an overall 3% growth in volume through the APM Terminals Global Terminal Network in 2013. Invested capital rose to $6.1 billion USD during the past year as work on seven new terminals and expa
Officials Visit Kassa Island Ferry Terminal Project (Guinea)
President Alpha Conde of the Republic of Guinea, accompanied by the Minister of Communications of Guinea, Director of Bureau of Maritime Affairs of Guinea and Director of Harbor Authority of Guinea, recently inspected and accepted Kassa Island ferry terminal project. This project was undertaken by C
Caterpillar Presents Its New Cat® 336F Excavator
Caterpillar has introduced its new Cat® 336F excavator, built to meet U.S. EPA Tier 4 Final emissions standards. This piece of equipment comes equipped with several features to enhance fuel efficiency. Electric boom and stick regeneration valves capture and recycle energy, and an engine idle shutdow
APM Terminals on Right Track
APM Terminals, the leading global port operator based in The Hague, is currently present in 12 out of the top 20 countries predicted by United Nations to become the biggest countries by population in 2020. “In 2013, APM Terminals invested over USD 1 billion in port infrastructure developments and up
Top News – February 24 to March 2, 2014
DEME Delivers Strong 2013 Results In 2013, DEME reached a turnover of EUR 2.53 billion in 2013. Compared to the previous year, this represents an increase of 32% and a record turnover. Australia: Port of Melbourne Maintenance Dredging Kicks Off Port of Melbourne Corporation yesterday commenced mai