Search results for: growth

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  • 8 June 2017
    Business & Finance

    Royal IHC has signed a memorandum of understanding with Indonesian-based shipping company PT. Humpuss in which the two companies agreed to cooperate in dredging activities in Indonesia. “PT. Humpuss intends to expand its business in dredging services by making use of IHC’s in-depth knowledge and expertise of engineering and manufacturing high-performance integrated vessels and equipment […]

  • 7 June 2017
    Business & Finance

    Mercator Ltd, one of India’s diversified conglomerates with interests in coal, oil and gas, shipping and dredging, has won a contract for maintenance dredging work at the Karaikal Port. Mercator said in its statement today that this dredging program will be completed during the first half of FY2018. Karaikal Port is envisaged to have a total of […]

  • 1 June 2017
    Business & Finance

    The Government of Canada has committed up to $6.4 million for the Pier 17 expansion project at the St. John’s Port, Marc Garneau, Canadian Minister of Transport, announced yesterday.  Following consultation with industry and port users, the St. John’s Port Authority (SJPA) is building a new finger pier, which is a deck structure that projects from the […]

  • 29 May 2017
    Business & Finance

    Results from a new dredging study in Western Australia’s Dampier Archipelago provide, for the first time, a framework for assessing likely impacts of dredging on coral populations, and for evaluating the timeframes and likelihood of population recovery from impacts. In April 2014 and March 2015 studies of coral populations were undertaken at Enderby and West […]

  • 29 May 2017
    Business & Finance, Project & Tenders

    A detailed business case for the upcoming Channel Capacity Upgrade, which is Stage 1 of the $1.64 billion Townsville Port Expansion Project, has been prepared for consideration by the Queensland Government. The business case delivers on the first major commitment under the Port City initiative of the Townsville City Deal, and a summary of the […]

  • 25 May 2017
    Business & Finance

    The U.S. Army Corps of Engineers yesterday awarded $17.5 million for the Jacksonville Port deepening project in its FY 2017 Work Plan. This funding will begin construction of the deep draft navigation improvements at JAXPORT. Congressman John Rutherford has urged the Army Corps for funding to deepen the Jacksonville harbor, which would bring larger ships, […]

  • 25 May 2017
    Business & Finance

    Representatives Carlos Curbelo and Seth Moulton yesterday introduced the bipartisan Flood Protection Act, legislation that would establish a cost-share program for infrastructure projects that divert, remove or store flood waters. It would also authorize funding to assist communities with enhancement of natural barriers, modernization and maintenance of current infrastructure, such as levees, elevated roads and […]

  • 24 May 2017
    Business & Finance

    Oregon’s Senators Jeff Merkley and Ron Wyden, joined by Representatives Peter DeFazio, Suzanne Bonamici and Earl Blumenauer, have urged the U.S. Army Corps of Engineers to support essential dredging and maintenance of Oregon’s small ports in its 2017 work plan. “Oregon’s ports and harbors are the lifeblood of the coastal communities they serve, enhancing regional […]

  • 24 May 2017
    Business & Finance

    In reviewing the details announced yesterday in President Trump’s fiscal 2018 budget request, the American Association of Port Authorities (AAPA) said that they see declines for most federally funded, port-related programs. “However, AAPA is encouraged by the Administration’s recently announced major infrastructure initiative to support $1 trillion in infrastructure over 10 years, of which $200 […]

  • 15 May 2017
    Business & Finance

    After Robbins Technology Group (RTG) joined forces with Royal IHC in November 2015 and strengthened its position on the West Coast of Australia last year, IHC Robbins has now become a wholly owned subsidiary of the company. This move proves IHC’s commitment to the mining industry, and further confirms its added value throughout the mining […]

  • 14 May 2017
    Business & Finance

    On the heels of record-breaking container volumes in March and April, South Carolina Ports Authority yesterday celebrated another milestone with the arrival of the biggest container ship ever to call the US East Coast. “The deployment of 13,000 twenty-foot equivalent (TEU) vessels to East Coast ports marks a new era in the global container shipping […]

  • 11 May 2017
    Business & Finance

    The Minnesota Department of Natural Resources is hosting a public meeting to present project details and receive public input on a restoration project proposed for Kingsbury Bay and Grassy Point in the St. Louis River. The meeting will be held on Wednesday, May 24, from 6 p.m. to 8 p.m. at City Center West/Evergreen Center […]

  • 10 May 2017
    Business & Finance

    Black Sluice IDB has started major enhanced maintenance works on the South Forty Foot Drain upstream of Boston in Lincolnshire, the Association of Drainage Authorities (ADA) just announced.  The work is taking place thanks to financial backing from the Environment Agency who are partners in the works through a Public Sector Co-Operation Agreement (PSCA) with […]

  • 5 May 2017
    Business & Finance

    Following public consultation with residents, North Lincolnshire Council is ready to press ahead with a £13.3m flood defense scheme to protect towns and villages on both sides of the Trent, according to the council’s latest announcement. The building contract for the Trent flood defenses has been awarded to VBA Joint Venture (VolkerStevin) who will start […]

  • 4 May 2017
    Business & Finance

    Orion Group Holdings, Inc. today reported a net loss for the three months ended March 31, 2017, of $1.8 million ($0.07 diluted loss per share). These results compare to a net loss of $1.2 million ($0.04 diluted loss per share) for the same period a year ago, Orion said. “We were pleased with our market […]

  • 3 May 2017
    Business & Finance

    Great Lakes Dredge & Dock Corporation (GLDD) today announced financial results for the quarter ended March 31, 2017, reporting revenue of $170.6 million, net loss from continuing operations of $3.7 million and Adjusted EBITDA from continuing operations of $14.2 million. “The company’s first quarter 2017 results were in line with our expectations. The Dredging segment’s performance was […]

  • 2 May 2017
    Business & Finance

    Plans for a new multi-million dollar cruise ship berth released yesterday by the Lyttelton Port Company will open up new tourism opportunities for Christchurch, said Tourism Minister Paula Bennett. The $56 million dollar berth, funded by the Christchurch City Council, through its port company will enable large cruise liners to return to Lyttelton for the […]

  • 25 April 2017
    Business & Finance

    Damen Shipyards Group is celebrating nine decades of operations in the shipbuilding industry. From small beginnings in the 1920s, the company has grown into a renowned maritime service provider that employs 9,000 people. With Dutch roots, Damen’s expansion has been global. The company was originally established by two brothers, Jan and Rien Damen, in 1927. […]

  • 20 April 2017
    Business & Finance

    ABPmer, a numerical modelling and dredge specialist, has been commissioned by the Port of Waterford to develop hydrodynamic and sediment models of the Waterford Estuary, as part of its Master Plan process. By replicating present conditions, the model will be used to optimize the port’s current dredge commitment along with informing feasibility studies, environmental assessments, […]

  • 13 April 2017
    Business & Finance

    A significant project for the Gold Coast’s multi-million dollar marine industry is about to begin, Queensland Government said in its latest announcement. Minister for Ports, Mark Bailey, today announced $3 million funding towards the construction of the Coomera Dredged Sediment Management Facility. The facility has been planned and developed by the Gold Coast Waterways Authority […]

  • 12 April 2017
    Business & Finance

    The Lyttelton Port of Christchurch (LPC) will lodge a Resource Consent Application (RCA) tomorrow for a further expansion of the reclamation at Te Awaparahi Bay, the company said in its latest announcement.  “The reclamation is needed to provide space for the port to meet the South Island’s growing freight requirements. It will ensure we can […]

  • 9 April 2017
    Business & Finance, Equipment, Technology, Vessels

    Dredging Today brings you an overview of the most popular stories from the past week (April 3-9, 2017).   Kingston Harbor Dredging Project Half Way Done The Kingston Harbor dredging scheme, undertaken by concessionaire Kingston Freeport Terminal Limited (KFTL), is now 50% complete, according to the minister without portfolio in the Ministry of Economic Growth […]

  • 7 April 2017
    Business & Finance

    The Kingston Harbor dredging scheme, undertaken by concessionaire Kingston Freeport Terminal Limited (KFTL), is now 50% complete, according to the minister without portfolio in the Ministry of Economic Growth and Job Creation, Dr Horace Chang. Dr Chang said that the works to upgrade the capacity of the KCT’s South Terminal at Gordon Cay, with the main […]

  • 6 April 2017
    Business & Finance, Vessels

    Dutch dredging contractor Van Oord has just shared this interesting photo of the company’s backhoe Simson and split hopper barge Pieter Caland working in the Bay of Guanabara, Brazil. The company has been active in Brazil for decades and has completed more than forty dredging and marine engineering projects along the Brazilian coast. One of these […]

  • 5 April 2017
    Business & Finance

    Polish Minister of Maritime Economy and Inland Navigation, Marek Grobarczyk, together with the Governor of the Region of Pomerania, Dariusz Drelich, visited Port of Gdansk last week. During the meeting with the minister, the port officials presented the latest port development plans, including expansion of the port and its capacity with other deep-water transshipment quays and […]

  • 5 April 2017
    Business & Finance

    The President of Mexico, Enrique Peña Nieto, joined by the Prime Minister of Denmark, Lars Lokke Rasmussen, yesterday inaugurated APM Terminals Lazaro Cardenas. The terminal represents an investment of more than US$900 million and will offer a new gateway for trade between Mexico, a core growth market, and the rest of the world, APM said. […]