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Van Oord, a Rotterdam based company specializing in dredging, marine engineering and offshore projects, has just announced that in 2016 their revenue decreased to an amount of EUR 1.71 billion (2015 EUR 2.58 billion) and net profits went down to EUR 90 million (2015: EUR 169 million). In dredging, revenue was EUR 1,189 million in […]
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The JAXPORT CEO, Brian Taylor, expects that, after a decade of discussion and planning, the $684 million project to deepen the St. Johns River shipping channel could begin this year. Mr Taylor made this announcement yesterday in his State of the Port address to the Propeller Club of the United States, according to Jacksonville.com. Deepening the […]
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Business & Finance, Equipment, Technology
Royal Boskalis Westminster N.V. realized a net profit of EUR 147.5 million in the first half of 2016 (H1 2015: EUR 306.5 million). Revenue in the first half of the year fell 25% compared to the first half of last year to EUR 1.17 billion (H1 2015: EUR 1.57 billion). Whereas the first half of 2015 was extremely busy, […]
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Great Lakes Dredge & Dock Corporation (GLDD) today reported financial results for the quarter ended June 30, 2016. For the three months ended June 30, 2016, Great Lakes reported revenue of $192.2 million, net loss of $1.7 million and Adjusted EBITDA of $18.3 million. Chief Executive Officer Jonathan Berger stated, “The Dredging segment performed well on several domestic […]
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Business & Finance, Equipment, Technology
Jan De Nul Group, an international contractor specializing in dredging, land reclamation, heavy lifting, offshore and environmental services, has just released its business results for 2015, achieving solid performances despite difficult market conditions. The traditional dredging market showed limited growth, Jan De Nul said in the report. In addition, the share of the free market […]
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Business & Finance, Project & Tenders
Royal Boskalis Westminster N.V. (Boskalis) has just announced results for the first-quarter of fiscal 2016. According to the release, developments at Boskalis in 2016 have so far been in line with the company’s expectations. The decreased revenues are primarily due to lower fleet utilization compared to the same period in 2015. The EBITDA margins were slightly down compared […]
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The 2015 was a year of major projects that made a significant contribution to Van Oord’s revenue and profit growth. The company reported a record revenue of EUR 2.579 billion (2014: EUR 2.104 billion), an increase of 23%, and a record profit of EUR 169 million (2014: EUR 119 million). These figures are attributable to the successful […]
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Royal Boskalis Westminster N.V. has just announced its full year results for 2015. The company achieved net profit of EUR 440 million in 2015 (2014: EUR 490 million). Revenue rose by 2.3 per cent to EUR 3.24 billion (2014: EUR 3.17 billion). EBITDA amounted to EUR 885 million and the operating result (EBIT) was EUR 563 million (2014 […]
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Egypt’s Prime Minister Sherif Ismail officially inaugurated the port of East Port Said’s side channel yesterday. The inauguration ceremony was attended by the Chairman of Suez Canal Authority, Mohab Mamish, along with a number of ministers, governors and foreign diplomats. “The objective of the canal is to reduce the waiting period, which is currently at […]
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Business & Finance, Equipment, Project & Tenders, Technology, Vessels
With the new year ahead of us, Dredging Today is bringing you a recap of the most popular posts from 2015. Van Oord, Boskalis to Build Artificial Island Off Jakarta Van Oord and joint venture partner Royal Boskalis Westminster have won a major land reclamation contract in Indonesia. DEME Bags Major Contract in Singapore Dredging […]
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Business & Finance, Equipment, Technology
At a ceremony held 25th November at the Suez Canal Authority’s (SCA) training center in Ismailia, Vice Admiral Mohab Mamish, the Head of the SCA, formally approved the construction of a new 9.5 km long, 17 meter deep and 250 meter wide access channel to Port Said East. At present, due to convoy traffic on […]
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Mohab Mamish, the chairman of the Suez Canal Authority, has signed an agreement with Klaus Laursen, CEO of the Suez Canal Container Terminal (SCCT), to upgrade the East Port Said Harbor. The upgraded port and a new side canal will allow ships to immediately cross the East Port Said instead of waiting for seven hours, […]
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Business & Finance, Equipment, Technology, Vessels
Ackermans & van Haaren, a diversified group active in 5 key segments: Marine Engineering & Infrastructure (DEME), Private Banking, Real Estate, Leisure & Senior Care, Energy & Resources and Development Capital, has announced their business results for the third quarter of 2015. DEME (AvH 60.40%) succeeded in maintaining the high activity level of the first six […]
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World Water Works, a hydraulic engineering conference and exhibition, will be held on 23 and 24 March 2016 at Antwerp Expo in Antwerp, Belgium. This event will cover topics from hydraulic engineering, the accessibility of ports and waterways, coastline and shoreline projects, bridge, lock and tunnel building and the design and construction of offshore seaports. The […]
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Business & Finance, Equipment, Technology, Vessels
DEME reported another particularly active first half-year in 2015. A net profit of 119.8 million euros (1H14: 62.6 million euros) was realized on an (economic) turnover of 1,218.7 million euros. Besides the many ongoing projects on all continents, several largescale projects in Australia (Wheatstone and Hay Point) and in Belgium (Northwind wind farm) were successfully completed; good progress was made on the […]
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Business & Finance, Project & Tenders
The plans to deepen as much as 13 miles of the St. Johns River from 40 to 47 feet are the subject of a public forum set for Tuesday night. Jacksonville’s main shipping channel is a 21-mile stretch of the St. Johns River extending from the mouth of the Atlantic Ocean to the Jacksonville Port […]
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Business & Finance, Equipment, Technology
Dragflow, an Italian manufacturer of dredging equipment specialized in solid pumping solutions, has been very busy in the last six months seeing excellent business growth and substantial product development. The company also moved its headquarters to a larger, bigger space where they will continue to create and innovate. “We are growing big, but always keeping the same goal: […]
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Business & Finance, Equipment, Technology
Ackermans & van Haaren, a diversified group active in 5 key segments: Marine Engineering & Infrastructure (DEME,one of the largest dredging companies in the world), Private Banking, Real Estate, Leisure & Senior Care, Energy & Resources and Development Capital, has announced their business results for the first quarter of 2015. DEME (AvH 60.40%) realized an […]
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For the quarter ended March 31, 2015, Great Lakes Dredge & Dock Corporation (GLDD) reported revenue of $174.6 million, net loss of $8.4 million, and adjusted EBITDA from continuing operations of $4.4 million. Total contracted backlog at quarter end was a record $741.2 million. “In the first quarter of 2015, we were awarded $208 million, or 84% […]
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Business & Finance, Equipment, Technology
Great Lakes Dredge & Dock Corporation is celebrating 125 years of successfully providing dredging and marine infrastructure services. In honor of the occasion, GLDD team members will visit the Nasdaq MarketSite in Times Square. Jonathan Berger, Chief Executive Officer, will ring the Opening Bell. Founded in 1890 as Lydon and Drews Partnership, the Company completed […]
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Egypt stands poised to take advantage of great advances in trade infrastructure; expanding the Suez Canal, developing its ports and revitalizing its core infrastructure through the creation of new economic and infrastructure developments. With tight deadlines and ambitious vision, these projects represent the biggest infrastructural changes Egypt has seen in modern times. As these projects […]
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Business & Finance, Equipment, Technology, Vessels
The year 2014 was exceptional in many ways, Van Oord, a Dutch contracting company that specializes in dredging and land reclamation, announced today. From a financial perspective, Van Oord achieved a record turnover of EUR 2.104 billion (2013: EUR 1.641 billion). It is the first time in the company’s history that its turnover has exceeded EUR […]
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Business & Finance, Equipment, Technology
Great Lakes Dredge & Dock Corporation, the largest provider of dredging services in the United States and a major provider of environmental and remediation services, today reported financial results for the quarter and year ended December 31, 2014, including record backlog of $670 million. Chief Executive Officer Jonathan Berger said: “During 2014, the Company achieved several […]
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Business & Finance, Equipment, Technology
Diyar Al Muharraq, one of the leading urban developers in the Kingdom of Bahrain, last week announced the completion of land reclamation works for the whole project. The shore protection rock armour work is nearing its completion and is expected to be finished by the 1st quarter of 2015. The reclamation and shore protection services […]
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Business & Finance, Equipment, Technology
Ackermans & van Haaren, a diversified group active in 5 key segments: Marine Engineering & Infrastructure (DEME,one of the largest dredging companies in the world), Private Banking, Real Estate, Leisure & Senior Care, Energy & Resources and Development Capital, today announced its 2013 half-year results. DEME (AvH 60.40%) continues the positive trend of the past few months and recorded a strong […]
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Business & Finance, Equipment, Technology
NMDC Dredger Al Mirfa Enters Suez The official commencement of the Suez Canal Expansion Dredging Contract is now one step closer with the arrival of the first Consortium dredger, the National Marine Dredging Company’s ‘Al Mirfa’. Dutch, Egyptian MoU Signed Egypt and the Netherlands have signed […]
