Search results for: financial

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  • 31 July 2019
    Business & Finance

    Great Lakes Dredge & Dock Corporation (GLDD) today reported financial results for the quarter ended June 30, 2019. According to the company’s Chief Executive Officer, Lasse Petterson, the second quarter was another active period for GLDD, marking their fourth consecutive quarter showing improvement in both revenue and adjusted EBITDA from continuing operations when comparing to […]

  • 18 October 2018
    Business & Finance

    The BAAK consortium – Macquarie Capital (70 per cent of SPC), Ballast Nedam (15 per cent of SPC) and DEME (15 per cent of SPC) – yesterday reached financial close on the €1 billion Blankenburg Connection PPP project in the Netherlands. The Blankenburg Connection is a design, build, finance and maintain (DBFM) project which will […]

  • 26 September 2018
    Business & Finance

    Congressman Salud Carbajal has announced the passage of new federal funding for water projects on the Central Coast included in the Fiscal Year 2019 Energy and Water Appropriations Act (H.R. 5895). The bill – signed into law by the President on Friday – includes investments in the Cachuma Water Project, and will help fund necessary dredging in the Morro Bay […]

  • 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 […]

  • 5 October 2017
    Business & Finance

    Governor Chris Christie and Department of Environmental Protection Commissioner Bob Martin yesterday visited Ocean County’s Cattus Island Park in Toms River to announce a comprehensive action plan for Barnegat Bay and that the state will provide $20 million to ensure the continued recovery of the Bay.  “From the very beginning of my administration I have […]

  • 26 September 2017
    Business & Finance

    The Baker-Polito Administration has announced a $700,000 state grant to advance the Herring River Estuary restoration in Wellfleet and Truro, one of the largest ecological restoration projects in the Northeast, the Commonwealth of Massachusetts informs.  This grant leverages a total of $985,034 in funding for the project in fiscal years 2017 and 2018 from the […]

  • 4 August 2017
    Business & Finance

    Congresswoman Marcy Kaptur, Co-Chair of the House Great Lakes Task Force, yesterday commended the arrival of $375,000 in funds to the Great Lakes Commission to help restore wetlands in the Maumee River Area of Concern.   “The Maumee River is the largest tributary to feed the Great Lakes and is the terminus of the largest watershed in […]

  • 15 July 2017
    Business & Finance

    New allocations of flood management funding will allow homes, businesses and communities around the country to benefit from increased flood protection, Floods Minister Thérèse Coffey announced on Friday. According to the official statement, 34 community led projects have been named as winners of a £1 million government funded competition, the first of its kind, and will now be […]

  • 12 June 2017
    Business & Finance

    Wexford’s Courtown Harbor is to receive funding of €112,500 for basin dredging works as part of a €1 million investment in harbors from the Department of Agriculture, Food and the Marine. Minister Paul Kehoe, TD for Wexford, said that this will bring tangible benefits to people working and reliant on marine industries in Wexford. “The […]

  • 30 May 2017
    Business & Finance, Project & Tenders

    The amounts of the financial contributions to the new sea lock at IJmuiden have been finalized and agreed upon by the Government of the Netherlands, the Province of North Holland and the City of Amsterdam. According to the release, the Government will contribute a total of €565.19 million to the new sea lock at IJmuiden. […]

  • 21 April 2017
    Business & Finance

    Civil Defense Minister, Gerry Brownlee, has announced additional funding of $700,000 for the restoration of Kaikoura Harbor, bringing the government’s total contribution to $5.7 million, according to the New Zealand Government latest release. Two major commercial operators, Whale Watch Kaikoura and Encounter Kaikoura, have been working with the Kaikoura District Council and the Crown and […]

  • 30 January 2017
    Business & Finance

    The Government of the Netherlands has granted $2.17 million to the Mekong River Commission in support of its MRC Strategic Plan for 2016-2020 including the Flood Management and Mitigation Initial Studies. The agreement was signed in Vientiane, Laos on 23 January, by Dr. Pham Tuan Phan, Chief Executive Officer of the MRC Secretariat and Ms. […]

  • 30 September 2016
    Business & Finance

    Royal IHC has appointed Mr Arie Vergunst as Chief Financial Officer as of 1 October 2016. He succeeds Mr Dave Vander Heyde, who became CEO on 1 September 2016. Arie Vergunst has worked at IHC since June 2007 in several financial positions, both at holding level as well as in the business. “This invaluable experience […]

  • 3 August 2016
    Business & Finance

    Communities across Western Australia will share in $551,000 for strategic coastal planning and to undertake projects that improve the condition and amenity of the State’s coastline. Planning Minister, Donna Faragher, today announced that 23 projects will receive funding under the latest round of the Liberal National Government’s 2016-17 Coastwest and Coastal Management Plan Assistance program. […]

  • 5 April 2016
    Business & Finance

    Van Oord, a Dutch contracting company that specializes in dredging and land reclamation, has announced that their Chief Financial Officer (CFO), Arjan van de Kerk, will retire at the end of the year after having been employed at the company for 18 years. In consultation with the Executive Board, the Supervisory Board of Van Oord has […]

  • 14 March 2016
    Business & Finance

    The five international financial institutions partially financing the Panama Canal Expansion Program traveled to Panama last week to see the 96.6 percent progress made thus far. During their three-day visit to the Canal, representatives were guided through the Agua Clara and Cocoli locks, as well as the fourth phase of the Pacific Access Channel (PAC-4). […]

  • 3 December 2015
    Business & Finance

    The Arkansas Waterways Commission said yesterday that five public ports in Arkansas have received more than $450,000 in grants. “We received over $1.2 million in requests and wish we could fulfill all the requests, ” said Gene Higginbotham, Executive Director of the Arkansas Waterways Commission. “We hope to have additional funds in the future. Developing our […]

  • 2 October 2015
    Business & Finance

    The U.S Environmental Protection Agency has announced that Central Michigan University in Mt. Pleasant, Michigan, has received a $10 million Great Lakes Restoration Initiative grant to monitor coastal wetlands around the Great Lakes basin over the next five years. This project expands an existing GLRI grant to the university for Great Lakes wetlands monitoring. “This new […]

  • 23 September 2015
    Business & Finance

    Michigan’s gateway port to Lake Erie and St. Lawrence Seaway will undergo a broad range of major improvements and alterations expected to transform the city of Monroe’s harbor into a leading cargo transportation center on the Great Lakes. The Michigan Strategic Fund approved up to $3 million in repayable funds from the MSF Investment Fund […]

  • 20 April 2015
    Business & Finance

    Parliamentary Secretary Randy Kamp, Member of Parliament for Pitt Meadows – Maple Ridge – Mission, has announced that the Government of Canada will invest $450,000 this year in improvement projects at the small craft harbors in Mission and Kanaka Landing. This funding will provide a safer and more efficient working environment for local fishermen and […]

  • 25 March 2015
    Business & Finance

    The European Union has decided to give €550,000 in funding for the technical design studies of the project to improve access for shipping in the Western Port of Dunkirk, in order to provide optimum conditions for the berthing of the world’s largest container carriers and capesize ore carriers in the Port of Dunkirk. Along with […]

  • 19 March 2015
    Business & Finance

    Global marine terminal operator DP World yesterday announced strong financial results from its global portfolio of marine terminals for the twelve months ended 31 December 2014. Like-for-like revenue grew 11.3% and adjusted EBITDA increased 16.0%, delivering profit attributable to owners of the Company, before separately disclosed items , of $675 million, up 25.1% on a like-for-like […]

  • 16 January 2015
    Business & Finance

    U.S. Senators Charles E. Schumer and Kirsten Gillibrand have announced $16 million in federal funding from the U.S. Department of Agriculture (USDA) is headed to New York State and the state of Vermont to implement conservation projects in the Lake Champlain watershed. The funding was allocated through the USDA’s Regional Conservation Partnership Program (RCPP) and […]

  • 6 January 2015
    Business & Finance

    Abu Dhabi Terminals (ADT) has announced a financing agreement with Abu Dhabi Commercial Bank (ADCB) for the development of Khalifa Port Container Terminal (KPCT). This AED 300 million ($81.6 million) agreement marks the first long-term finance solution for ADT and extends ADCB’s relationship with the terminal operator to support ADT’s ambitious growth strategy and contribute […]

  • 4 November 2014

    Tuggerah Lakes on the New South Wales Central coast will benefit from a $3.3 million boost as part of the Australian Government’s National Landcare Program. Federal Environment Minister Greg Hunt and Federal Member for Dobell, Karen McNamara, today visited the Tuggerah Lakes estuary on the New South Wales Central Coast to inspect progress on infrastructure […]

  • 30 September 2014
    Business & Finance, Equipment, Technology

    A re-elected Napthine Government will invest more than $500,000 to make Carrum Beach an even better destination for families, recreational boaters, swimmers and fishing enthusiasts. Premier Denis Napthine was today joined by Member for Carrum Donna Bauer at the Carrum foreshore to announce a $540,000 funding commitment to deliver a coastal infrastructure upgrade program. “This […]

  • 15 September 2014
    Business & Finance, Equipment, Technology

    Randy Kamp, Parliamentary Secretary to the Honorable Gail Shea, Minister of Fisheries and Oceans, and Member of Parliament for Pitt Meadows–Maple Ridge–Mission, announced last week that the Government of Canada is investing in a harbor improvement project at Mission Harbor, British Columbia. “Our Government is pleased to invest in British Columbia harbors. We recognize that harbors […]

  • 4 September 2014
    Business & Finance, Equipment, Technology

    Following the storms of Christmas 2013 and February 2014, more than £1.4 million has been pledged for coastal repairs in Christchurch. Around £1.2 million of this is coming from the Environment Agency after Christchurch Council put in bids for work to repair damaged groynes and promenades and for beach replenishment. Christchurch Council will also be […]

  • 28 August 2014
    Business & Finance, Equipment, Technology

    Global marine terminal operator DP World announced strong financial results from its global portfolio of marine terminals for the six months to 30 June 2014, delivering profit attributable to owners of the Company before separately disclosed items of $332 million, 40.8% ahead of the first half of 2013 on a like-for-like basis. Revenue of $1,659 […]