Search results for: financial

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  • 29 October 2014
    Business & Finance

    India Ratings & Research (Ind-Ra) has assigned Dredging Corporation of India Limited (DCI) a Long-Term Issuer Rating of ‘IND AA’ with Stable Outlook. The rating reflects DCI’s moderate to strong operational linkages with the government of India (GoI; 78.56% shareholder) and strong market position in the domestic dredging market. DCI’s ownership by GoI has facilitated […]

  • 22 March 2015
    Business & Finance, Project & Tenders

                    Exclusive Update: DEME’s Dredgers at New Suez Canal  DEME, an international group of specialized companies in the field of capital and maintenance dredging, land reclamation, port infrastructure development, etc. has announced that their part of dredging works on the New Suez Canal are on schedule and 50% […]

  • 20 June 2013
    Business & Finance

    The Prince Rupert Port Authority announced that 2012 was a year of growth and prosperity for the Port of Prince Rupert and the many communities impacted by the reach of its gateway. Details of the Port Authority’s activities and financials were discussed during its Annual Public Meeting, held at the Crest Hotel in Prince Rupert. […]

  • 23 February 2017
    Business & Finance

    Port of Tauranga, the New Zealand’s largest freight gateway, today announced that they are on track to become the first port in the country to transport more than one million containers across its wharves in a single year. Commenting the port’s half year financial results, Port of Tauranga Chief Executive, Mark Cairns, said that he […]

  • 20 March 2013
    Business & Finance

    The law firm of Lieff Cabraser Heimann & Bernstein, LLP is investigating potential accounting and securities fraud at Great Lakes Dredge & Dock Corporation. Background on the Great Lakes Investigation Located in Oak Brook, Illinois, Great Lakes is the largest provider of dredging services in the United States and a major provider of commercial and […]

  • 29 February 2012

    Kingston Wharves, one of the Caribbean’s leading multipurpose terminal operators, has recorded a 43.5% year-on-year decline in net profit during its 2011 financial year. The company’s operating profit has been affected by declining cargo volumes resulting from the weak circumstances surrounding the Jamaican economy. Kingston Wharves’ CEO, Grantley Stephenson, said the company is exploring possibilities […]

  • 23 January 2018
    Business & Finance, Equipment, Technology, Vessels

    The European Commission has found Croatian plans to grant Uljanik shipyard a State guarantee for a €96 million loan in line with EU State aid rules. The measure will allow the company to meet urgent liquidity needs while preparing a restructuring plan, whilst competition distortions are limited, the European Commission announced yesterday. As part of […]

  • 29 August 2013

    Loyola University New Orleans President the Rev. Kevin Wm. Wildes, S.J., Ph.D., hosted a round-table discussion on campus Aug. 28 with newly appointed U.S. Commerce Secretary Penny Pritzker and a group of 10 regional business leaders about the issues confronting local and regional businesses. Leaders representing international trade, energy, movies and film production, information technology, […]

  • 8 September 2010

    Great Lakes Dredge & Dock Corporation – the largest provider of dredging services in the United States and a major provider of commercial and industrial demolition services – today announced changes to its executive management effective immediately. Douglas B. Mackie, President and Chief Executive Officer, has decided with the Board of Directors to resign his […]

  • 14 January 2013
    Business & Finance

    The State Government has tripled funding available for local coastal protection grants in the next two financial years following a major overhaul of the increasingly sought after funding. Calling for submissions for the newly named Coastal Adaptation and Protection (CAP) Grants, Transport Minister Troy Buswell said local coastal managers could apply for $5million in the […]

  • 13 February 2013
    Business & Finance

    Mercator Limited, a diversified Group today announced its unaudited financial results for the nine months ended December 31, 2012. The total consolidated income for the said period was Rs.2727Cr. against Rs. 2680 Cr. during 9MFY12.The Operating Profit (PBIDT) was Rs. 410cr as compared to Rs. 467cr during 9MFY12. The consolidated net profit after tax and […]

  • 30 March 2012

    Hamburger Hafen und Logistik AG (HHLA) experienced above-average growth in its core markets in the 2011 financial year, increasing both its revenue and its results considerably. Container throughput rose by 21.3 percent to 7.1 million standard containers (TEU), and container transport went up by 11.3 percent to 1.9 million TEU. Revenue grew by 14.0 percent […]

  • 11 March 2013
    Business & Finance

    The net result of the Port of Rotterdam Authority for 2012 was almost €228 million. Compared to the net result of 2011, this represents an increase of nearly € 33 million (+17%). This is a result of more lease income as well as additional port dues. The operating expenses dropped slightly due to effective cost […]

  • 15 November 2011
    Business & Finance, Equipment, Technology

    A decision has been made to maintain the current shareholder structure at IHC Merwede. The IHC Merwede Supervisory Board – in addition to all of the current shareholders – is comfortable with the financial strength of the company for the next year. With the support of JP Morgan and Rabobank M&A, IHC Merwede has carried […]

  • 9 March 2011
    Vessels

      Sunergy, Inc today announces that it has received notification from the shipping company that the ETA for the container with the 3 dredges and operating equipment is now scheduled to arrive in Freetown, Sierra Leone by next Tuesday, March 15, 2011. Severe winter weather conditions, both on land and at sea, have delayed the […]

  • 23 July 2013
    Business & Finance

    Royal Boskalis Westminster N.V. has successfully placed USD 325 million US Private Placement notes with 24 institutional investors in the United States. The issue was heavily oversubscribed with a book close to USD 2 billion. The senior notes carry a 10 year maturity with an annual interest rate of 3.66%. The proceeds of the private […]

  • 28 February 2013

    In the Union Budget proposals for the financial year 2013-13 Five inland waterways have been declared as National Waterways. Announcing this in the budget proposals tabled in the Lok Sabha today Union Finance Minister Shri P.Chidambaram said the Minister of Water Resources will move a Bill in Parliament to declare the Lakhipur – Bhanga stretch […]

  • 19 September 2012
    Business & Finance

    The international company behind the proposed $4.9 billion cruise ship and integrated tourism, residential and casino proposal near Wavebreak Island in the Southport Broadwater says it can complete the required dredging to enable cruise ship access within four weeks. President and CEO of Sembawang of Singapore – Global Project Underwriters Limited, Ric Grosvenor, said the […]

  • 15 December 2009

    Despite the global economic downturn, Vietnamese trade is outpacing its outdated and overworked ports infrastructure. Filling the capacity gap will require substantial foreign investment, but questions about the country’s underlying financial health, including a recent sharp devaluation of the local currency, could hamper those inflows… Source: Global Supply Chain Council, December 15, 2009;

  • 8 June 2018
    Business & Finance

    The Los Angeles Board of Harbor Commissioners has approved a $1.3 billion fiscal year (FY) 2018/19 annual budget for the Port of Los Angeles. The budget focuses on priorities set out earlier this year in the Port’s revised 2018-2022 Strategic Plan, which calls for a focus on growth-supporting infrastructure; security, supply chain efficiency and sustainability; improved financial performance […]

  • 12 August 2013
    Business & Finance

    The government has decided to set up two new Major Ports, one each at Sagar in West Bengal and the other at Dugarajapatnam in Andhra Pradesh. In respect of the Sagar Port, RITES has estimated capital cost (including connectivity project) at Rs. 7820 crores. The tentative cost for Dugarajapatnam has been estimated at Rs. 7988 […]

  • 20 March 2013
    Business & Finance

    Pomerantz Grossman Hufford Dahlstrom & Gross LLP is investigating claims on behalf of investors of Great Lakes Dredge & Dock Corporation who purchased Great Lakes common stock between May 4, 2012 and March 14, 2013. The investigation concerns whether Great Lakes and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of […]

  • 16 April 2020
    Business & Finance

    The General Meeting of Shareholders of Van Oord N.V. was held on 15 April 2020, during which the 2019 Annual Report was presented and a change of the supervisory membership was approved. After almost 12 years as a member of the Van Oord Supervisory Board, Mr Koos van Oord has formally stepped down. He will […]

  • 26 February 2016
    Business & Finance

    The management of one of Western Australia’s most valuable assets has received another boost with $1 million in State Government funding available in the next financial year to help local coastal managers to sustainably manage their stretch of coastline. Calling for submissions for funding in the latest round of the Coastal Adaptation and Protection (CAP) […]

  • 29 March 2013
    Business & Finance

    Bernstein Liebhard LLP announced that a securities class action has been commenced in the United States District Court for the Northern District of Illinois on behalf of a class of purchasers of Great Lakes Dredge & Dock Company common stock between August 7, 2012 through March 14, 2013. Great Lakes is the largest provider of […]

  • 8 May 2014
    Business & Finance, Equipment, Technology

    The UN International Seabed Authority (ISA) is undertaking stakeholder consultations as it commences development of a regulatory framework for the future recovery of mineral resources from the seabed in international areas. The deadline for contributing to the UN ISA survey is 16 May 2014. The ISA survey covers: – Financial terms and obligations; – Environmental […]