Africa
World Bank OKs $240M for coastal protection in Benin and Mauritania
The World Bank Group has approved a total of $240 million, including $207 million from the International Development Association (IDA) financing, $5 million from the PROBLUE trust fund, and $28 million in private capital, to launch the first phase of the West Africa Coastal Areas Blue Economy and Re
PHOTO OF THE DAY: Boskalis mobilizes another TSHD for Benin project
Boskalis mobilized a second trailing suction hopper dredger (TSHD) for the coastal protection works in Avlékété, Benin, recently. Their TSHD Causeway has been dredging along the West African coast since November last year, and the dredging vessel Shoreway recently joined it. Together, the giants dre
VIDEO: Cape Town seawall project makes progress
Work on the City of Cape Town’s seawall project is making significant progress. According to the latest update, the bulk of the project is anticipated to be completed by the end of 2026, with the intention to open some sections on the western side of the works as the project progresses eastward, if
MSC Group signs contract with ITB and DEME for Snake Island Port development
MSC Group has signed a 45-year concession agreement with Nigerdock to develop a container terminal within Snake Island Port (SIP) in Lagos, and finalized an Engineering, Procurement, and Construction (EPC) contract with ITB Nigeria and DEME Group to develop it. The project forms part of the Group’s
Port of Tema dredging in full swing
The Port of Tema dredging works, aimed at enhancing navigational efficiency and operational capacity in the area, are in full swing. The project involves the dredging operations on the turning basin from -11.5m to -14m, while Berths 13 and 14 are being dredged to depths of -14m and -12m draft respec
EXCLUSIVE: Royal IHC to build new Easydredge 2700XL for CVM
Royal IHC and La Congolaise des Voies Maritimes (CVM) have signed a contract for the delivery of an Easydredge 2700XL trailing suction hopper dredger (TSHD). According to Royal IHC, the vessel will be customized to meet CVM’s specific operational needs, including greater autonomy, upgraded bow thrus
Boskalis CEO: Recent developments in the Middle East cause considerable uncertainty
Boskalis said in its latest business results that as of year-end, the order book amounted to EUR 7 billion, fractionally higher than at the end of 2024. In the Dredging & Inland Infra division, revenue amounted to EUR 1.9 billion (2024: EUR 2.2 billion). The trailing suction hopper dredgers were uti
Boskalis posts 2025 annual results
Boskalis posted a strong financial performance in 2025: the full-year group revenue, EBITDA and yearend orderbook were all slightly higher than the all-time highs in 2024. Revenue amounted to EUR 4.5 billion, an increase compared to 2024, with growth contributions from both the Offshore Energy and T
DEME maintains strong activity overseas
DEME Group said today that their Dredging & Infra segment maintained strong activity overseas in 2025. In the Middle East, projects in Saudi Arabia and Egypt progressed well, combining capital dredging, land reclamation and dry earthmoving works. In Africa, the segment continued with maintenance and
The Netherlands, Egypt sign agreement to protect shores in Nile Delta
Dr. Hani Sweilem, Egypt’s Minister of Water Resources and Irrigation, signed a grant agreement with the Dutch Invest International today to finance a feasibility study for a project aimed at protecting Egyptian shores in the Nile Delta using nature-based solutions. “I expressed my appreciation to th
DEME posts full-year results 2025
DEME Group released its full-year results 2025 today, achieving a record EBITDA of over 930 million euros, corresponding to an EBITDA margin of 22.4% Group turnover for 2025 was 4.2 billion euros compared to 4.1 billion euros a year ago. The Offshore Energy segment turnover rose 4% year-over-year, d
BREAKING NEWS: Granger Bay land reclamation plan enters public consultation phase
V&A Waterfront said that the Granger Bay development has entered a 30-day public consultation phase for the reclamation of 3.2 hectares of land from Table Bay to accommodate new coastal public amenities and mixed-use development. The new land is set to be protected by new coastal defense structures,