Search results for: financial

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  • 18 July 2014
    Business & Finance, Equipment, Technology

    Governor John R. Kasich joined local and federal officials yesterday to celebrate the environmentally-friendly dredging of the Toledo Harbor by signing a proclamation of collaboration between the state, city of Toledo, and the Toledo-Lucas County Port Authority. Ohio EPA has identified $10 million dollars of funding from Governor Kasich’s capital budget to promote alternative beneficial […]

  • 22 June 2017
    Business & Finance

    South Carolina Ports Authority Board of Directors yesterday adopted a 2018 fiscal year financial plan that includes six percent pier container growth, $251.1 million operating revenues, $44.1 million operating earnings, and capital expenditures of $262.3 million. “The Port’s FY2018 financial plan reflects continued success of our state port system, both in volume growth and progress […]

  • 18 July 2014
    Business & Finance, Project & Tenders

    At the North Adriatic Ports Association’s assembly, held on 17th July in Koper, the Presidents of NAPA ports were acquainted with the recent decision of the TEN-T’s (Trans European Transport Network) Financial Board to financially support projects which NAPA members. These projects focus on the development requirements of the Northern Adriatic ports, including their rail […]

  • 4 December 2018
    Business & Finance, Project & Tenders

    The Diversion Board of Authority yesterday accepted a new cost estimate and adjusted funding plans for the FM Diversion Project and endorsed the proposed funding approach. After reviewing the updated costs, design changes from Plan B, and modifications to utility relocates along the channel and revised contingencies, the total project is now estimated to cost $2.75 billion. The […]

  • 23 November 2012
    Business & Finance

    Conwy County Borough Council has invited Expressions of Interest from suitably qualified companies for the following activities: – Obtaining approximately 300,000 tonnes of sea dredged sand (nom. d50 = 0.2-0.4mm) from existing offshore licensed dredging areas, transporting it to the site by sea and placing it to profile on the beach at Colwyn Bay; – […]

  • 20 April 2020
    Business & Finance

    The International Association of Dredging Companies (IADC) has released the latest edition of their Terra et Aqua magazine.  The first issue of 2020 discusses protective sand, compacted grains and a contract selector. Articles in this edition are: Effective contract-type selection in the dredging industry, rainbowing and pipeline discharge, From idea to reality: the UK’s first […]

  • 26 March 2015
    Business & Finance

    ACI’s European Dredging Summit 2015 (7th and 8th October, Antwerp, Belgium) will be focused on discussing the essential dredging strategies and environmental monitoring for project approval. This meeting will provide a global analysis of dredging projects, environmental regulation and essential recommendations for dredging activity including equipment and contractor selection. The participants will have a chance to […]

  • 8 May 2013
    Business & Finance

    The Government has taken following steps to make investment in Port projects more attractive: 1. Upto 100% Foreign Direct Investment (FDI) under the automatic route is allowed for Port development projects; 2. Income tax incentives are allowed as per Income Tax Act, 1961.; 3. Bidding documents like Request for Qualification (RFQ), Request for Proposal (RFP) […]

  • 15 May 2013
    Business & Finance, Equipment, Technology, Vessels

    Pingtan Marine Enterprise Ltd., a provider of dredging services in the People’s Republic of China (PRC) and territorial sea fishing globally, today announced its unaudited financial results for the first quarter of 2013. Operating Highlights – Completed landmark business combination in February 2013, creating Pingtan Marine Enterprises, one of the largest U.S.-listed marine services operating […]

  • 6 April 2012

      In 2011, the Port of Rotterdam Authority’s normalised result (net income) was EUR 186 million; that is EUR 18 million (+10%) higher than the result in 2010. Both the income from the letting out of sites and the income from harbour dues increased. The operating expenses rose slightly, mainly driven by a few non-recurring […]

  • 1 June 2011
    Business & Finance

    Great Lakes Dredge & Dock Corporation announced today that its Board of Directors (“the Board”) has declared a quarterly cash dividend on its common stock. The Board approved increasing its annual dividend by $1 million resulting in an aggregate expected dividend of $5 million per year, the maximum allowed under the Company’s senior credit facility. […]

  • 28 November 2011

    The new 7-years facility is provided by the European Bank for Reconstruction and Development (EBRD) to finance FESCO’s strategic investment program aimed at further boosting the Group’s infrastructure and container logistics capacity. The use of loan proceeds will include investments into the development and retrofitting of Vladivostok Commercial Sea Port (VCSP) in order to improve […]

  • 28 December 2012
    Business & Finance

    On December 18, the “6th China CFO Annual Conference” & “2012 China CFO Award Ceremony” took place in Beijing. CCCC’s A-share IPO case won the “Annual Corporate Financing Award 2012”. Executive Director and Financial Controller Fu Junyuan received the award on behalf of CCCC. Approved by the Ministry of Finance and organized by Corporate Finance […]

  • 2 December 2014
    Business & Finance

      The Board of Directors of ASL Marine Holdings Ltd. has announced that its dormant and wholly-owned subsidiary, VOSTA LMG (Middle East) JLT (VLME) was placed under members’ voluntary liquidation and the voluntary liquidation was completed on 20 November 2014, following registration with the relevant authorities. The deregistration letter was made available to the Company on 28 November 2014. […]

  • 9 April 2015
    Business & Finance

    The International Association of Dredging Companies (IADC) has announced that a special conference named ‘From Birth to Boom: Asian Maritime Megastructures’ will take place on 23 October 2015 at the Island Shangri-La hotel, Hong Kong. The Pre-Conference Networking evening event will be held in the same hotel on 22 October 2015. During this unique event to celebrate […]

  • 27 March 2012

    As zeenews.com reports, Kolkata Port Trust has decided to scrap the land reclamation programme for building deep sea port near Sagar Islands in West Bengal for want of enough funds. “We have decided to drop the project, as the shipping ministry was not ready to allot the money for it. They had asked us to […]

  • 1 May 2017
    Business & Finance

    Following the success of the first event, the second FLOODEX show will take place 17th – 18th May 2017, at the Peterborough Arena. The FLOODEX is the trade event for flood defense and the water level management (WLM) sector looking at flood defense, prevention, mitigation and drainage. Exhibitors will capitalize on two days of networking opportunities, with […]

  • 23 April 2012

    Qatar Islamic Bank (QIB), one of the largest Islamic banks in Qatar and one of the top-five Shari’a-compliant banks in the world, has announced the signing of a deal with the Middle East Dredging Company (Medco) to finance the company’s requirements to undertake access channel dredging work at the New Port Project. Earlier this month, […]

  • 19 February 2014
    Business & Finance, Equipment, Technology

    GUPC, the consortium of leading international construction firms, has signaled hope for an agreement with ACP to resolve the funding issues affecting for the Third Set of Locks Panama Canal expansion project. While cautioning that there are still issues to be resolved, GUPC confirmed that talks with ACP are ongoing and expected to continue. GUPC […]

  • 18 April 2012

    IHC Merwede develops and builds innovative vessels, advanced equipment and life-cycle support services for the dredging, mining and offshore industries. The company’s international outlook and expanding portfolio have helped it to record increased revenue and profit figures for 2011, and maintain its strong order book for 2012 and beyond. In the past year, IHC Merwede’s […]

  • 12 May 2020
    Business & Finance

    The International Association of Dredging Companies’ (IADC) latest edition of their Terra et Aqua magazine featured a very interesting article named ‘Managing risks: how to select the appropriate dredging contract’.  The contracting environment for dredging and offshore works is diverse. Moreover, increasing financial and/or managerial constraints are requiring contracting parties to change the apportionment of […]

  • 16 June 2015
    Business & Finance

    Ministers Lilianne Ploumen (Foreign Trade and Development Cooperation) and Melanie Schultz van Haegen (Infrastructure and the Environment) today signed an agreement with the Bangladesh government and the World Bank Group, on the development of a financial strategy for investments in a more sustainable protection of Bangladesh’s river delta. The strategy enables the World Bank to […]

  • 28 October 2019
    Business & Finance

    The Kerala State government is set to enter into an agreement with the Dredging Corporation of India (DCI) to ensure the timely completion of dredging works in all harbors in Kerala, the Fisheries Minister J. Mercykutty Amma announced last week. “The delayed dredging had been causing huge trouble for the local fishers. Even after awarding […]

  • 2 September 2015
    Business & Finance

    ‘Facing a change: opportunities or threats for the Baltic market?’ will be the theme of the Baltic Ports Conference 2015 organized by the Baltic Ports Organization and hosted by the Freeport of Riga Authority. The conference is an associated event with the BPO General Assembly. The meeting will take place at Free Port of Riga […]

  • 17 December 2013

    Allowing FDI up to 100% under the automatic route for port development projects, Income tax incentives are among the steps being taken by the Government for capacity expansion of ports. Other measures include- standardizing the bidding documents like RFQ, RFP and Concession Agreement, Enhanced delegation of financial powers to Shipping Ministry to accord investment approval […]

  • 17 April 2014
    Business & Finance, Equipment, Technology

    Congressman Ander Crenshaw, Chairman of the House Financial Services and General Government Appropriations Subcommittee, said the signed Army Corps of Engineers Chiefs Report means a path is paved for congressional approval of JAXPORT dredging. “What a ‘giant step’ forward for the Northeast Florida economy,” said Crenshaw after learning that the Chiefs Report had been signed. […]