Search results for: growth

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  • 14 August 2017
    Business & Finance

    Mercator Ltd, one of India’s diversified conglomerates with interests in coal, oil and gas, shipping and dredging, is considering dividing its shipping and dredging business into two separate entities.  “On 12th August 2017, the Board of Directors of Mercator initiated a study to explore the possibility of demerger of business via restructuring of Shipping and Dredging business […]

  • 10 August 2017
    Business & Finance

    The Baker-Polito Administration yesterday announced more than $2.2 million in funding to support local efforts to increase community preparedness and resilience to coastal storm and climate change impacts, including storm surges, flooding, erosion and rising sea levels, the Commonwealth of Massachusetts informs. These grants were provided by the Executive Office of Energy and Environmental Affairs’ […]

  • 8 August 2017
    Business & Finance

    Maine Congresswoman Chellie Pingree announced last week that Winslow and Rockland will receive $650,000 in federal infrastructure investments from the Northern Border Regional Commission (NBRC), a program she has advocated for in Congress.  “The investments being made today will directly support and create jobs for our state by making economic growth possible. In Rockland, an […]

  • 6 August 2017
    Business & Finance

    The Government of Canada is about to invest in twelve fishing harbors in Eastern Newfoundland and Labrador, reported the government last Friday. According to the government, small craft harbors play an important role in providing coastal communities and the commercial fishing industry with safe and accessible facilities. With approximately 42,500 Canadians employed in this sector, the […]

  • 4 August 2017
    Business & Finance

    Nearly a fifth of Scotland’s coastline is at risk of erosion, threatening some of the country’s most prized land and infrastructure within the next 30 years, the Scottish Government said in its latest release.  The potentially devastating effects of climate change and coastal erosion came to light after experts from the Scottish Government, Scottish Natural […]

  • 4 August 2017
    Business & Finance, Project & Tenders

    Association of Drainage Authorities announced yesterday that the Black Sluice IDB has just completed initial works with the Environment Agency using a small scale cutter suction dredger provided by Smals Dredging UK Ltd to carefully remove silt deposits from the bed of the South Forty Foot Drain, near Boston in Lincolnshire. The aim of the work was to restore […]

  • 3 August 2017
    Business & Finance

    Orion Group Holdings Inc. today reported a net loss for the three months ended June 30, 2017, of $2.3 million ($0.08 diluted loss per share).  These results compare to a net loss of $0.8 million ($0.03 diluted loss per share) for the same period a year ago. “The second quarter was impacted by continued delays in our customers’ ability to obtain necessary […]

  • 2 August 2017
    Business & Finance

    The Indian Infrastructure magazine has just announced that their 8th annual conference on ‘Dredging in India’ will take place on September 6-7, at The ITC Maratha, Mumbai. In the past few years, dredging has emerged as a distinct industry in itself. The industry is being driven largely by the growing dredging requirements at Indian ports […]

  • 31 July 2017
    Business & Finance

    Bellingen Shire Council has received grant funding from the NSW Government through its Environmental Trust to stabilize 500 meters of eroding river bank and rehabilitate a priority erosion site on the Kalang River. The project site was identified as a priority for management in the ’Bellinger and Kalang River Estuaries Erosion Study 2010’, the council […]

  • 25 July 2017
    Business & Finance

    Davao City Mayor, Inday Sara Duterte-Carpio, has decided to terminate the Mega Harbor project, a joint venture agreement signed by her father, the President of the Philippines, Rodrigo Duterte, with the Mega Harbor Port and Development Corporation. In her statement, Duterte-Carpio said that they have informed the Mega Harbor Port and Development Corporation on July 19 […]

  • 24 July 2017
    Business & Finance

    The Canal and River Trust’s 2016/17 Annual Report, published today, records the highest levels of public support and investment in its 2,000 miles of historic waterways since they were transferred from state control five years ago. “A strong commercial performance during the year, including a further rise in the number of people donating to our […]

  • 17 July 2017
    Business & Finance

    The First Minister Nicola Sturgeon has welcomed news that Scottish Enterprise will contribute £11.7 million towards Aberdeen Harbor’s £350 million expansion, supporting the creation of 2,300 jobs by 2026. SE funding is in addition to support from the European Investment Bank, which is providing a loan of up to £175 million, and support of up […]

  • 13 July 2017
    Business & Finance

    Damen has just announced that they successfully hosted a dredging seminar in Dhaka, Bangladesh, on Tuesday, 11th July 2017. The event was attended by over 100 representatives from the Dutch Embassy in Bangladesh, experts from the Bangladesh Government, the Bangladesh Navy, local financing institutions, various customers of Damen and other industry stakeholders, the company said […]

  • 11 July 2017
    Business & Finance, Project & Tenders

    Ports North welcomed today the release of the Cairns Shipping Development Project Revised Draft Environmental Impact Statement (EIS) for public comment. According to the Chairman Russell Beer, the public consultation was the next major milestone for the project, bringing this region-shaping opportunity a significant step closer to becoming a reality. The Cairns Shipping Development Project involves widening […]

  • 11 July 2017
    Business & Finance

    The President of the Institution of Civil Engineers (ICE), Professor Tim Broyd, recently witnessed first-hand the importance of the Port of Dover to national and local economic prosperity on a special visit to the port’s flagship Dover West Revival (DWDR) development, VolkerStevin said in its latest release.  Speaking about the development, Professor Broyd said: “The […]

  • 11 July 2017
    Business & Finance

    Seven coastal communities will get grants totaling $100,000 to help them prepare for hurricanes, storms and growth, North Carolina Governor, Roy Cooper, announced yesterday.  The N.C. Division of Coastal Management uses a portion of its federal funding from the National Oceanic and Atmospheric Administration to support local land-use planning and management projects in North Carolina’s 20 […]

  • 7 July 2017
    Business & Finance

    A £7 million scheme to manage flood risk for 438 properties in Lancashire was officially opened yesterday, July 6, 2017. The Croston Flood Risk Management Scheme, developed by the Environment Agency in partnership with Chorley Council, Lancashire County Council and United Utilities, and in collaboration with the Lower Yarrow Flood Action Group, will benefit residents […]

  • 3 July 2017
    Business & Finance

    The capacity of the Port of Dar es Salaam will be increased to 25 million tons over the next seven years following the World Bank Board of Executive Directors’ approval of a $345 million credit and a $12 million grant to the new Dar es Salaam Maritime Gateway Project (DSMGP).  DSMGP is to be implemented […]

  • 29 June 2017
    Business & Finance, Project & Tenders

    The President of the Institution of Civil Engineers (ICE), Professor Tim Broyd has witnessed first-hand the importance of the Port of Dover to national and local economic prosperity on a special visit to the port’s flagship Dover Western Docks Revival (DWDR) development. Speaking about the development, Professor Broyd said: “The revival of the Western Docks is […]

  • 27 June 2017
    Business & Finance, Project & Tenders

    During its regular monthly meeting, JAXPORT’s Board of Directors unanimously approved the start of the Jacksonville Harbor Deepening project, allocating the first phase of port funding to the U.S. Army Corps of Engineers for construction. The federal project to deepen the Jacksonville shipping channel to 47 feet to accommodate more cargo aboard the largest ships […]

  • 26 June 2017
    Business & Finance

    The Port of Esbjerg has been recently exploring the possibility of expanding its facilities with additional 975.000m2 of port and quay space towards 2030. With the projected increase in activity, both within existing and new business areas, the expectation is that the port’s areas and quay will be fully utilized. Therefore, the Port of Esbjerg has […]

  • 26 June 2017
    Business & Finance

    The Canadian Port of Charlottetown has applied for federal and provincial funding to remove silt and other materials from the harbor, informs the CBC/Radio-Canada. The port plans to conduct this dredging scheme in order to eventually extend the harbor’s berth to accommodate two cruise ships at the same time. Corryn Clemence, the port’s business development […]

  • 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 […]

  • 21 June 2017
    Business & Finance

    Local officials and special guest Lt. Governor Karen Polito gathered recently to celebrate the opening of the brand-new T-Wharf in Plymouth, MA with a ribbon cutting ceremony for the newly constructed project. The new T-Wharf is twice the size of the previous pier, measuring at 18,360 square feet, and will play a vital role in […]

  • 20 June 2017
    Business & Finance, Project & Tenders

    Abu Dhabi Ports and the Port of Fujairah have signed a 35 year concession agreement to develop, manage and operate the Fujairah facility, reports the Emirates News Agency. The agreement was signed Monday, June 19, by Mohamed Juma Al Shamisi, CEO of Abu Dhabi Ports and Captain Mousa Murad, General Manager of Port of Fujairah. As part of […]

  • 15 June 2017
    Business & Finance

    U.S. Senator Rand Paul recently reintroduced the Harbor Equity Act, which modifies the existing criteria used by the U.S. Army Corps of Engineers to dredge smaller harbors. According to Senator Rand Paul, the Corps currently prioritizes dredging solely for larger harbors that see 1 million or more tons in traffic per year – often forcing small community harbors to fund their own dredging or […]