Search results for: equity

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A list of search results

  • 24 March 2015
    Business & Finance

    Senator Rand Paul of Kentucky has reintroduced the Harbor Equity Act, legislation that will modify the existing criteria used by the U.S. Army Corps of Engineers to dredge small harbors. Currently, the Corps’ prioritizes dredging solely for larger harbors that see 1 million or more tons in traffic per year – often forcing small community harbors to […]

  • 29 April 2014
    Business & Finance, Equipment, Technology

    On April 10, China Communications Construction Company (CCCC) concluded a cooperative agreement on equity restructuring of Phoenix Island project with Sanya Phoenix Island Investment Group Co. Ltd. and Sanya Yusheng Investment Co. Ltd. Li Maohui, president assistant of CCCC, Zeng Xianyun, chairman of Sanya Phoenix Island Investment Group Co. Ltd. and Wang Yumei, chairman of […]

  • 3 December 2013
    Business & Finance, Equipment, Technology

    Sunergy, Inc. has announced that it has raised $150,000 in a combination of loans and equity in the months of November and December. These funds will primarily be used to enable the Company to commence seasonal dredging operations in Sierra Leone and Liberia. The Dredgemaster, David Price, is leaving the UK for Monrovia, Liberia and […]

  • 22 April 2013
    Business & Finance

    Sen. Rand Paul on Tuesday reintroduced the Harbor Equity Act, which prioritizes smaller harbors for dredging work. The Harbor Equity Act would benefit smaller harbors that could face shut-downs, such as the Hickman-Fulton County Riverport in Kentucky. The legislation requires the Army Corps of Engineers to prioritize smaller harbors for dredging rather than just larger, […]

  • 10 January 2013
    Business & Finance

    Royal Boskalis Westminster N.V. (Boskalis) announces the launch of an equity offering to raise approximately EUR 320 million (the Offering) by issuing new ordinary shares in the share capital of Boskalis (the Shares). The net proceeds of the Offering will be used to partly finance the voluntary public offer for Dockwise Ltd. (see press releases […]

  • 3 September 2012
    Business & Finance, Equipment, Technology

    SeaRobotics Corporation has teamed with a private equity group led by Ocean Investments Capital to fund the expansion of the company’s core business, including the production of Unmanned Surface Vessels (USVs), the commercialization of its Robotic Hull Cleaning systems, and the development of new product lines in the ocean sciences and survey markets. SeaRobotics is […]

  • 18 May 2012

    Bintulu Port Holdings Bhd (BPHB) will fund the development of the RM1.8bil Samalaju deepsea port project through a combination of equity and debt. Chief executive officer Datuk Mior Ahmad Baiti Mior Lub Ahmad said the equity to debt ratio would be announced soon after it was finalised with BPHB’s major shareholders. “We have discussed the […]

  • 4 March 2012

    Xiangyu Dredging Holdings Limited, the largest privately owned dredging company in China in terms of dredging volume in 2010, has announced the completion of acquiring the equity interest in Jiangsu Jiaolong Salvage Harbour Engineering Co. Ltd. (Jiangsu Jiaolong). Jiangsu Jiaolong is principally engaged in the business of salvaging sunk objects and contractor of provision of […]

  • 20 September 2011

    Xiangyu Dredging Holdings Limited, the largest privately owned dredging company in China in terms of dredging volume in 2010, has announced the Company and its subsidiaries will acquire equity interest in Jiangsu Jiaolong Salvage Harbour Engineering Co. Ltd on 19 September 2011. The Group will purchase an aggregate of 11% equity interest (before enlargement of […]

  • 16 September 2011

    Private equity firm Ascent Capital would invest Rs 200 crore in Karaikal Port, a subsidiary of diversified business conglomerate Marg Ltd… (thehindubusinessline) [mappress] Source: thehindubusinessline, September 16, 2011

  • 12 January 2011

    Arch Coal, Inc. today announced that it has acquired a 38 percent interest in Millennium Bulk Terminals-Longview, LLC (“MBT”), the owner of a bulk commodity terminal on the Columbia River near Longview, Wash., in exchange for $25 million plus additional consideration upon the completion of certain project milestones. “This transaction gives us a direct stake […]

  • 4 October 2010

    Infrastructure construction company China Harbour Engineering Co Ltd is aiming to take equity stakes in more projects to garner a greater… (chinadaily) [mappress] Source: chinadaily, October 4, 2010;

  • 30 April 2020
    Business & Finance

    A broad consortium of investors and industry partners from the dredging and offshore sectors and the existing international syndicate of banks of Royal IHC, including the three major Dutch banks, have reached a Heads of Agreement for the acquisition and refinancing. This gives Royal IHC, as an important Dutch maritime player with a strong balance […]

  • 26 August 2019
    Business & Finance

    COSCO SHIPPING Ports Ltd. announced on Friday, Aug. 23, that its subsidiary Shanghai Terminal has sent a proposal to enter into a consortium agreement with COSCO SHIPPING Tianjin and other investors to acquire up to 40% equity shares in CCCC Dredging. The total value of the proposed deal is estimated to cost around RMB13.5bn ($1.9bn). […]

  • 28 June 2019
    Business & Finance

    The American Association of Port Authorities (AAPA), together with 100 supporting U.S. ports and other organizations, delivered a letter to House and Senate leadership earlier this week, urging them to enact a comprehensive solution to “fix the HMT (Harbor Maintenance Tax) for good”. As AAPA reported, America’s seaports are economic engines and vital freight gateways […]

  • 15 May 2019
    Business & Finance

    The U.S. House has released the Energy and Water Development Appropriations bill for fiscal year 2020. The bill provides $7.355 billion in annual funding for the U.S. Army Corps of Engineers, which builds on last year’s record appropriation of $7 billion for USACE. The FY 2020 funding is 5.1 percent above the FY 2019 amount […]

  • 8 January 2019
    Business & Finance

    APM Terminals Poti and Poti New Terminals Consortium have submitted a conceptual design for the first stage construction permit of Poti port expansion to the Ministry of Economy and Sustainable Development of Georgia. The designs include construction, development and operation of a new breakwater, 700 meters of quay wall for dry bulk, containerized and general […]

  • 19 December 2018
    Business & Finance, Equipment, Technology

    Piedroba Consulting Group (PCG), a Miami-based marine infrastructure consultancy firm specializing in project risk management, has continued to grow in 2018. Dredging Today recently caught up with Piedroba partners, Jelle Prins and Luis Prieto y Munoz, to review their 2018 and discuss Piedroba’s projections for 2019. DT: What notable changes did you experience in 2018? PCG (J. Prins): We have […]

  • 30 May 2018
    Business & Finance, Project & Tenders

    The contract for the design, build, finance and maintenance of the Afsluitdijk project in the Netherlands has reached financial close successfully yesterday afternoon (29 May 2018), reports BAM. The European Investment Bank is providing EUR 330 million in support of the rehabilitation and modernization of the Afsluitdijk dam, running between the provinces of Noord-Holland and […]

  • 23 April 2018
    Business & Finance

    Port of Grays Harbor Executive Director, Gary Nelson, last week participated in the U.S. House Subcommittee on Water Resources roundtable discussion, named ‘America’s Water Resources Infrastructure: Concepts for the Next Water Resources Development Act, Part II’ in Coos Bay, Oregon. Representing the Association of American Port Authorities (AAPA) as the North Pacific Caucus Chair, Mr. […]

  • 5 February 2018
    Business & Finance

    The Government has decided to sell off its entire public stake in Dredging Corporation of India (DCI). The information was given today by the Minister of State for Road Transport and Highways, Shipping and Chemical & Fertilizers Shri Mansukh L Mandaviya. According to the minister, this decision aims to upgrade technology, improve capability, infuse capital […]

  • 31 January 2018
    Business & Finance

    The Lekki Port LFTZ Enterprise (LPLE) has started major construction works on the Lekki Deep Sea Port in Lagos State, local media reports. The port construction operations are being carried out by two major companies: China Harbor Engineering Company Limited (CHEC), the engineering and construction arm of China Construction and Communication Company (CCCC) and Louis […]

  • 6 January 2018
    Business & Finance

    Dredging Today brings you an overview of the most popular stories from the past week (January 1-7, 2018).   New Space for Growth: Offshore Center Rotterdam (VIDEO) The Port of Rotterdam has just released this very interesting video named ‘New Space for Growth: Offshore Center Rotterdam’, showing the progress being made on the new OCMR development […]

  • 3 January 2018
    Business & Finance

    The agitation by the employees of the public sector Dredging Corporation of India (DCI) against the proposed strategic sale of equity has entered its 37th day, local media reports.  “A decision for going on an indefinite camp will be taken shortly after consulting all the unions,” a spokesperson for ‘Save DCI JAC’ said. Ignoring the protests from the employees and political parties, the […]

  • 5 December 2017
    Business & Finance

    The ongoing agitation of the Dredging Corporation of India’s employees against the proposed sale of equity has intensified after an employee of DCI reportedly ended his life in Vizianagaram district yesterday in protest against the move, The Hindu Business Line informs. The body of N. Venkatesh (29) was found near the railway track near Nellimarla in Vizianagaram […]

  • 12 October 2017
    Business & Finance

    Fugro and Global Marine Holdings LLC have signed an agreement under which GMG will acquire Fugro’s trenching and cable laying business in exchange for an equity stake of around 24% in the combined business valued at $65 million, and a one year secured vendor loan of $7.5 million. According to Fugro, the transaction also involves […]

  • 13 September 2017
    Business & Finance

    The Otago Regional Council today acknowledged the long and dedicated service of Geoff Plunket – a man behind the recent harbor dredging project – who retired recently as chief executive of Port Otago Group. The acknowledgment coincided with the port company’s presentation to ORC councilors of its annual report. The group achieved a $38.7 million tax-paid profit […]

  • 7 September 2017
    Business & Finance

    Mr Louis Strydom, Business development Manager at FMO (Dutch Development Bank), has confirmed his participation as a speaker at our first Dredging Today Conference (DTC). Focusing on taking early stage projects from concept to bankability, Mr Strydom has worked for various consulting and financial institutions across multiple sectors including agriculture, energy, freight and logistics, housing, ICT, […]

  • 27 July 2017
    Business & Finance

    The preparations for the first annual Dredging Today Conference, which will take place on 9 and 10 October 2017 at Amsterdam RAI, are progressing according to schedule. We are pleased to announce that Richard Brakenhoff, Industry analyst at Rabobank, has confirmed his participation to our first Dredging Today Conference (DTC). Mr Brakenhoff has worked as an […]