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  • 19 March 2013
    Business & Finance

    Congressman Frank Pallone, Jr. (NJ-06) announced that the Port Monmouth flood control project will be funded by Army Corps of Engineers with federal dollars from the Sandy relief package passed by Congress in January. On a “telephone town hall” call to Port Monmouth residents late last week, Pallone announced that the Army Corps of Engineers […]

  • 19 March 2013
    Business & Finance

    Block & Leviton LLP, a Boston-based law firm representing investors nationwide, is investigating possible securities law violations involving Great Lakes Dredge & Dock Corp. Just after the close of trading on Thursday, March 14, 2013, GLDD announced that it would restate its second and third quarter 2012 financial results due to improper revenue recognition. The […]

  • 19 March 2013
    Business & Finance

    Commenting today on the release of the American Society of Civil Engineers’ (ASCE) 2013 Report Card for American Infrastructure, Kurt Nagle, president and CEO of the American Association of Port Authorities (AAPA), said: “AAPA is pleased that ASCE included seaports for the first time in its critical infrastructure Report Card. The inclusion of seaports in […]

  • 18 March 2013
    Business & Finance, Equipment, Technology

    DeepOcean UK, Ltd, a subsidiary of DeepOcean Group Holding BV, today announced that the Company has entered into a long term charter of the Havila Phoenix. The vessel, equipped with 250 Tonne Crane, will be lengthened by 15 metres prior to delivery in Q1 2014 to 125m length by 23m beam. Two state of the […]

  • 18 March 2013

    On the sidelines of the World Port and Trade Summit 2013, Abu Dhabi Ports Company ( ADPC ) has announced that a new Abu Dhabi-based port project is underway, with the development of Shahama Port into a commercial, leisure and tourism hub. ADPC stated that it will develop the Shahama water basin and land site […]

  • 18 March 2013

    Government ministers and industry game-changers convene in Abu Dhabi as Middle East maritime infrastructure growth meets economic opportunity to create a new seaborne trade superpower. The third annual edition of the World Ports & Trade Summit will be opened tomorrow as global ports, key industry players and members of the International Association of Ports & […]

  • 18 March 2013
    Business & Finance

    Meeting during a time when some are calling for sharp cuts in government spending despite the obvious needs to the nation’s infrastructure, members of the MTD Executive Board pledged to work to gain proper funding of vitally important maritime programs. As the board noted in several statements during its 2013 winter meeting in Buena Vista, […]

  • 15 March 2013
    Business & Finance

    Having reviewed the State Audit Office report, the FPRA have come to the conclusion that previous FPRA objections highlighting three main aspects, defined as incompliant with the legal enactments by the report, were not taken into account. According to the State Audit Office report, the FPRA implemented the projects that do not comply with the […]

  • 15 March 2013

    “The Regional Development Council is the highest policy-making in the region. We are not here just to present our budget but we are here to contribute to the regional development.” This was the gist of the message of Regional Director Teresita Socorro C. Ramos of the National Economic Development Authority (NEDA)-9 during the 143rd Regional […]

  • 15 March 2013

    Colombo International Container Terminals Ltd. General Manager Tissa Wickramasinghe was invited to be a guest speaker at the third annual Global Liner Shipping Conference which was held in Dubai on 25 and 26 February 2013. Being the only speaker from Sri Lanka, the subject allocated to him was the latest port development in Colombo and […]

  • 15 March 2013
    Business & Finance

    Congressman Cedric Richmond (LA-02) reintroduced the DREDGE Act – Dredging for Restoration and Economic Development for Global Exports Act. The bill would give the Army Corps of Engineers the authorization to dredge the Mississippi River to 50 feet so that larger vessels transiting the expanded Panama Canal can access the River. In addition, the bill […]

  • 15 March 2013
    Business & Finance

    The Michigan House yesterday approved legislation to make it less expensive for local communities to dredge Great Lakes and inland waterways, state Rep. Dan Lauwers announced. “Lake Huron and the St. Clair River are engines for commerce and a tremendous natural resource for recreational boaters, and we need to make it easier to properly maintain […]

  • 15 March 2013
    Business & Finance

    The doubling of Xstrata’s coal production in Queensland will escalate the pressure on the Great Barrier Reef from port expansions, dredging and greater shipping movements, according to the Australian Marine Conservation Society (AMCS). Great Barrier Reef Campaign Director, Felicity Wishart said the massive expansion in coal production and exports is placing the short-term profit of […]

  • 15 March 2013
    Business & Finance

    The U.S. Environmental Protection Agency yesterday issued an administrative order that requires Enbridge to do additional dredging in Michigan’s Kalamazoo River to clean up oil from the company’s July 2010 pipeline spill. EPA’s order requires dredging in sections of the river above Ceresco Dam, upstream of Battle Creek, and in the Morrow Lake Delta. EPA […]

  • 14 March 2013
    Business & Finance

    Research and Markets has announced the addition of the “Ports in India 2013” report to their offering. The “Ports in India 2013” report will provide the very latest information on the sector and most recent status of key programmes and projects. The report will have four distinct sections: Section I: Overall Sector Analysis – Sector […]

  • 14 March 2013
    Business & Finance

    Reference is made to the press release of 8 February 2013, in which Boskalis Holding B.V. (the Offeror), a wholly-owned subsidiary of Boskalis, launched a mandatory cash offer for all issued and outstanding ordinary shares of Dockwise (the Shares) at an offer price of EUR 18.50/ NOK 137.65 per Share cum dividend (the Offer). ACCEPTANCES […]

  • 14 March 2013
    Business & Finance

    Van Oord’s turnover for 2012 amounted to EUR 1.676 million (2011: EUR 1,715 million), and net profits for 2012 were EUR 98 million (2011: EUR 118 million). Its order portfolio is well filled, rising to EUR 1.9 billion at the end of 2012. ‘Our net results are in line with our expectations’, says CEO Pieter […]

  • 14 March 2013
    Business & Finance

    Royal Boskalis Westminster N.V. (Boskalis) achieved a record revenue of EUR 3.1 billion in 2012 (2011: EUR 2.8 billion). Net profit amounted to EUR 250 million, thus remaining virtually stable compared to 2011 (EUR 254 million). Despite the slight decline in net profit and a substantial increase in the number of outstanding shares as a […]

  • 13 March 2013
    Business & Finance

    The Florida Ports Council has announced a new publication the State of Florida Ports, a resource of detailed information on each Florida seaport. The report provides an updated port profile for each of Florida’s seaports, including economic impact information and status updates for their major projects, as well as accomplishments and testimonials. The report also […]

  • 13 March 2013

    Ecosse Subsea Systems (ESS) has been awarded its largest boulder clearing and multi-pass trenching contract to date by Siem Offshore Contractors. ESS will deploy its SCAR plough system for clearing and pre-lay trenching operations on a 90km route on the EnBW owned Baltic 2 offshore wind farm project. Baltic 2 is an 80 turbine development […]

  • 13 March 2013
    Business & Finance, Equipment, Technology, Vessels

    The dredge fleet operated by the U.S. Army Corps of Engineers’ St. Paul District performed channel maintenance on the Mississippi River at the St. Paul Barge Terminal, May 20-29. This embedded content is only visible after accepting cookies. Change your preferences The fleet consists of the Dredge Goetz, Quarters Boat Taggatz, the Motor Vessel General […]

  • 13 March 2013
    Business & Finance

    The Canal & River Trust has managed to avoid the costly removal of over 1,000 tons of sand generated by the recent dredging work on the River Weaver. The sand will now be used as construction material for a nearby waterfront development. “We started dredging the River Weaver in May to maintain its depth for […]

  • 13 March 2013
    Business & Finance, Equipment, Technology

    Research and Markets has announced the addition of the “Dredging in India 2012” report to their offering. The report “Dredging in India” provides the most comprehensive and up-to-date study on this sector. The demand for dredging in India is growing, driven by investments in the maritime sector, the increasing size of vessels, mandatory requirement of […]

  • 13 March 2013
    Business & Finance

    U.S. Senator Charles E. Schumer announced that four major New York coastal protection projects worth over $1 billion dollars will receive full federal funding, after a month long campaign led by Schumer. The Sandy relief bill that was signed into law required only that the feds pick up 65% of the project cost, but that […]

  • 12 March 2013
    Business & Finance

    Aqaba Container Terminal (ACT), the Red Sea gateway to Jordan and beyond, commemorated the successful completion of the first part of its berth expansion, adding 200 meters of new quay and two new STS cranes and four Rubber Tire Gantry cranes (RTGs). Participants in the ceremony included ACT’s chairman and Aqaba Special Economic Zone Authority […]

  • 12 March 2013
    Business & Finance

    Port of Rotterdam Authority has awarded five parties, one of which is the combination MariTeam, for a framework agreement for a term of three years. This framework agreement includes engineering services for the realization of maritime infrastructural projects. The agreement will be signed on 22 March 2013, but MariTeam has already been awarded with the […]