Search results for: business

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  • 6 December 2011
    Equipment, Technology

    The UK’s Secretary of State for Transport, the Rt Hon Justine Greening MP, has visited the Port of Felixstowe, the country’s largest container port, to see it take delivery of its latest consignment of new cranes. Whilst at the port, the Secretary of State met with senior management of the port, before a tour of […]

  • 26 April 2012

    The Port of Barcelona closed the financial year with operating profits of 60 million euros and investments of 105.4 million euros, mainly in new infrastructure such as the construction of the Prat Wharf, the enlargement of the South Quay, the new building at the Border Inspection Post (BIP) and repairing and improving breakwaters and quays. […]

  • 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 & […]

  • 24 May 2013
    Business & Finance, Equipment, Technology

    CEDA announces that the leading dredging event WODCON XX, to be held in Brussels, Belgium, will open its doors on 3 of June. Dredging is essential to maintaining and improving our quality of life and economic well-being. This is achieved through creating and maintaining water-based infrastructure such as ports and navigation channels, creating new land […]

  • 5 September 2013
    Business & Finance

    Following a tour of Olcott and Wilson harbors, Congressman Chris Collins (NY-27) joined with state and local leaders to highlight the urgent need to maintain and protect local harbors along Lake Ontario’s south shoreline. Collins highlighted the important role these harbors play in the region’s economy and the need for continued and consistent harbor maintenance. […]

  • 17 January 2014
    Business & Finance, Equipment, Technology

    QTIC has joined with three other peak tourism industry associations in Queensland to express grave concerns to the Great Barrier Reef Marine Park Authority (GBRMPA) over the consideration to dump 3.5 million cubic metres of port dredge from Abbot Point Coal Port into the waters of the world heritage listed Great Barrier Reef. The Association […]

  • 27 April 2012

      U.S. Senators Frank R. Lautenberg (D-NJ), a member of the Appropriations Committee, and Robert Menendez (D-NJ) announced Committee approval of $119 million in funding for New Jersey projects in the Fiscal Year 2013 Energy and Water Development Appropriations bill. The legislation provides $68 million to complete the channel deepening project that will allow bigger […]

  • 17 September 2012
    Business & Finance

    The U.S. Environmental Protection Agency (EPA) is adding 12 new hazardous waste sites that pose public health and environmental risks to the National Priorities List (NPL) for cleanup under the Superfund program. EPA is also proposing to add another eight sites to the list. Superfund is the federal program that investigates and cleans up the […]

  • 22 February 2017
    Business & Finance

    Great Lakes Dredge & Dock Corporation today released its financial results for the three months ended December 31, 2016, reporting revenue of $213.4 million, net loss of $7.0 million and Adjusted EBITDA of $11.6 million.  “The following non-recurring items totaling $7.3 million negatively impacted results during the fourth quarter of 2016: a loss on an asset held for sale […]

  • 15 October 2010
    Business & Finance, Project & Tenders

    The Hague, Netherlands – APM Terminals has signed a 25‐year concession agreement for the operation of the Port of Monrovia in Liberia, having been named the preferred bidder for the port management and modernization project last March. The now formalized agreement for the port’s privatization will result in the investment of $120 million USD in […]

  • 8 March 2012
    Business & Finance

    Van Oord’s turnover in 2011 was EUR 1,715 million (2010 EUR 1,578 million) and was evenly attributable to activities performed by Van Oord’s divisions and areas. The net profit for 2011 amounted to EUR 118 million (2010: EUR 165 million, including an extraordinary tax gain of EUR 40 million). CEO Pieter van Oord: ‘Given the […]

  • 2 June 2014
    Business & Finance

    A record financial performance during 2013 has enabled Belfast Harbour to commit more than £60m to capital expenditure projects.  The Harbour’s Annual Report has revealed that Turnover rose by 30% to £50.3m whilst Profit before Taxation climbed by 42% to £26.2m during the financial year.  During the period the Harbour also paid over £6.6m in […]

  • 7 June 2013
    Business & Finance

    The Los Angeles Harbor Commission has adopted a 2013-14 fiscal year (FY) budget of approximately $1.1 billion for the Port of Los Angeles, including one of the largest annual Capital Improvement Programs – $399.9 million or 37% of the total budget – in Port history. The budget supports more than 8,500 jobs, 6,870 of which […]

  • 11 November 2011

    For Spicer Bak at Stevens Institute of Technology, being a beach bum and a PhD candidate go hand-in-hand. That is because this Ocean Engineering graduate student studies beach erosion to better understand how to protect America’s coastlines. Coastal protection is a major topic for government agencies, ocean scientists, and beach bums around the world. It’s […]

  • 24 September 2012
    Business & Finance

    DP World, UAE Region, the region’s premier marine terminal operator, took a major step towards the development of a massive new container terminal at Jebel Ali in Dubai, with the signing of an agreement for the construction of the infrastructure to expand capacity at the flagship port by 4 million TEU (twenty-foot equivalent unit). Terminal […]

  • 3 July 2013
    Business & Finance

    The City of Newport Beach (City) won two, 2013 Golden Hub of Innovation Awards and an honorable mention from the Association of California Cities Orange County (ACCOC) during an awards ceremony. The City earned awards for its Lower Newport Bay Dredging project and its Art and Cultural Facilities program. It earned an honorable mention for […]

  • 18 December 2013
    Business & Finance, Equipment, Technology

    The Los Angeles City Council unanimously approved a 50-year lease to transform a 100-year-old pier on the LA Waterfront in San Pedro into a world-class urban marine research and innovation center called AltaSea at the Port of Los Angeles. The lease agreement – signed between the Port of Los Angeles and Rockefeller Philanthropy Advisors, the […]

  • 5 December 2011

    DP World has announced its intention to expand flagship port Jebel Ali in the UAE by creating an additional 4 million TEU capacity, resulting in total capacity at Jebel Ali reaching 19 million TEU by 2014. DP World will be investing around $850 million over three years adapting 1,860 metres of quayside and 70 hectares […]

  • 5 November 2012
    Business & Finance, Equipment, Technology

    The Dutch company Formaco, which has been active for more than 15 years in the Dutch and Belgian market with primarily heavy quality forging- and casting works, recently signed a contract with the Spanish forge Irizar Forge from the Basque Country for the exclusive sale of special forged lifting hooks, crane lifting blocks and compositions […]

  • 24 June 2014
    Business & Finance, Project & Tenders

    Dredging work at the Yuzhny port is nearing completion, and cargo owners are already analyzing its benefits. Enhancing the capabilities for working with capesize vessels will significantly increase the flows of export, import, and transit cargoes. Access to capesize vessels (over 200,000 deadweight tons) provides a competitive advantage during transportation of ore and coal cargoes. […]

  • 1 May 2013
    Business & Finance, Equipment, Technology

    As the cleanup of PCBs in the Hudson River begins its fourth year, environmental groups – Hudson River Sloop Clearwater, Natural Resources Defense Council (NRDC), Riverkeeper, and Scenic Hudson – continue to watch General Electric (GE) closely to ensure that the river remains on target to be restored to a cleaner state as soon as […]

  • 26 January 2012

    The Port Authority asked McKinsey to make an analysis of the demand for and availability of container throughput capacity in Rotterdam in the coming years. The purpose of the study was to get an independent opinion on the situation as it will develop from 2014 onwards when the new terminals on Maasvlakte 2 become operational. […]

  • 7 November 2017
    Business & Finance

    Great Lakes Dredge & Dock Corporation today announced results for the quarter ended September 30, 2017, reporting revenue of $163.3 million, net loss from continuing operations of $4.9 million and Adjusted EBITDA from continuing operations of $11.3 million. Chief Executive Officer, Lasse Petterson, said: “As communicated in our recent Business Update, we have completed an extensive analysis of the […]

  • 27 July 2010
    Business & Finance, Equipment, Project & Tenders, Technology, Vessels

    DSC Dredge LLC, a U.S. dredge manufacturer, reports an increase in overall sales just two months after the company consolidated its subsidiaries including, Dredging Supply Company, Inc., Best Equipment, and W&S Dredge Manufacturer. After a sluggish start in 2010, the company has greatly increased production with exports making up the majority of backlogged sales.   […]

  • 16 October 2012

    Nearly 200 environmental experts came together to discuss the role of ports, terminal operators and shipping companies in working towards sustainable operations. The 7th edition of Congress was held the first week of October 2012 in Marseille, the former ancient Greek merchant port and one of the biggest port cities on the Mediterranean Sea. The […]

  • 22 July 2019
    Business & Finance, Equipment, Technology, Vessels

    The Maldives is an independent island nation in the north-central Indian Ocean, which consists of about 1,200 small coral islands and sandbanks (some 200 of which are inhabited). One third of the approximately 450,000 inhabitants live in the capital, Male’ city. While Male’ is relatively developed, the outlying islands require economic and social infrastructure development. […]