Search results for: loan

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  • 24 February 2014
    Business & Finance, Equipment, Technology

    Assessing the last year’s results, it can be concluded that the transshipped cargo indicators at the Freeport of Riga are positive, and the implemented as well as ongoing port infrastructure development projects provide optimistic outlook in regards of 2014. In 2013, about 35.5 million tons of various goods were transshipped at the Port of Riga, […]

  • 13 March 2015
    Business & Finance

    The Ports of Normandy Authority (PNA) has officially launched large-scale extension works of the port of Cherbourg’s main roadstead, which will be a milestone in the history of the port’s development. The quality and consistency of the project, together with its long-term effects on local growth and employment, have convinced the French government, the European Union (EU) and […]

  • 2 May 2011

    Port of Çandarh project, designated to rank among World’s top 10 largest terminals, expected to admit first vessel in 2013. Turkey’s largest port project is planned as a build-operate-transfer business model, and ambitiously set out to become one of the 10 largest ports globally. With a hefty budget over 400 million USD and planned build-operate-transfer business model, project draws international interest. […]

  • 16 May 2013
    Business & Finance

    The U.S. Senate passed, by a vote of 83-14, legislation authorizing funding for the Water Resources Development Act (WRDA), which includes port dredging and improvements, modernization of locks and dams in inland waterways and flood control protections such as levees and dams. Thomas J. Gibson, President and CEO of the American Iron and Steel Institute […]

  • 13 September 2010

    Titanium Resources Group Ltd. announces its unaudited interim results for the six months ended June 30, 2010. – Profit after tax of US$3.88 million (H1 2009: loss after tax of US$4.95 million) – Sales of US$18.63 million (H1 2009: US$19.79 million) – EBITDA of US$0.4 million* (H1 2009: US$0.4 million) – Administrative and marketing expenses […]

  • 11 February 2011

    The Cebu Port Authority (CPA) will finally implement the P580-million dredging project along the stretch from the Cebu International Port (CIP) up to Pier 1 in Cebu City. The project is intended to accommodate bigger (post Panamax) cargo vessels and international cruise ships. Carlos Co, a CPA commissioner representing the business sector, said once the […]

  • 20 July 2011

    Congressman Jon Runyan voted to support H.R. 2354, the fiscal year 2012 Energy and Water Development Appropriations Bill, which among other things, restores the funding level for the Army Corps of Engineers Flood Control and Coastal Emergencies (FCCE) account to $27 million for fiscal year 2012. In April, Runyan submitted testimony to the House Appropriations […]

  • 26 April 2013
    Business & Finance

    The Michigan Senate on Thursday approved a measure sponsored by Sen. Goeff Hansen that would enable local units of government to establish districts for financing a variety of waterfront improvement activities. Senate Bill 218 is now on its way to the governor to be signed into law. The legislation would restore and expand the tax […]

  • 11 July 2013

    Coffs Harbour City Council has made its Flood Mitigation Programme a priority. The Programme is forecast to cost $12m. The funds have been secured through a $6m loan and a special rate variation that will raise $6m. The construction of flood detention basins are a key part of the Programme. The $2.5m Bakers Road Detention […]

  • 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 […]

  • 12 October 2017
    Business & Finance

    Fugro and Global Marine Holdings LLC have signed an agreement under which GMG will acquire Fugro’s trenching and cable laying business in exchange for an equity stake of around 24% in the combined business valued at $65 million, and a one year secured vendor loan of $7.5 million. According to Fugro, the transaction also involves […]

  • 6 March 2013
    Business & Finance

    The Cebu Port Authority (CPA) is all set to implement a P480-million dredging project at the Cebu port to allow the entry of bigger vessels, a CPA official said. CPA committee on business and finance chairman, CPA commissioner Charles Co said the dredging will include sea lanes from Pier 1 near the South Road Properties […]

  • 21 April 2017
    Business & Finance

    Baltimore County Executive Kevin Kamenetz and 6th District Councilwoman Cathy Bevins yesterday visited the Bird River waterfront in the Middle River area to announce a dredging project on the upper river. “Our waterfront is one of Baltimore County’s best amenities and this project will help homeowners and recreational boaters access the Bird River and benefit […]

  • 26 May 2014
    Business & Finance, Equipment, Technology

    Less than 24 hours after Germany’s Deutsche Bank ruled out lending to the controversial Abbot Point coal port expansion on the Great Barrier Reef, major international bank HSBC has followed suit, with Group Chief Executive Stuart Gulliver stating it “would be extraordinarily unlikely to go anywhere near” the project. “Abbot Point is crucial to the […]

  • 2 April 2013
    Business & Finance

    Ho Chi Minh City’s Saigon Port on March 31 welcomed the arrival of the dredger Uilenspiegel, which will help speed up the second phase of a Belgian-funded project to increase the depth of the Soai Rap River to accommodate larger ships. The ship will dredge 54 kilometres of the Soai Rap River , creating a […]

  • 29 August 2012

    DP World today announced financial results from its global portfolio of marine terminals for the first six months of 2012, reporting profit before tax at $310 million, 12% ahead of the prior period on an underlying basis. DP World Chairman, Sultan Ahmed Bin Sulayem, commented: “The past six months has been a challenging period for […]

  • 6 February 2014
    Business & Finance, Equipment, Technology

    The Cebu Port Authority (CPA) will start the Cebu International Port (CIP) dredging project this month after almost two years of delay. CPA general manager Edmund Tan said the Department of Transportation and Communications already approved the dredging project. Last year, President Benigno Aquino III ordered the reevaluation of lined-up projects by the legal department. […]

  • 15 November 2013
    Business & Finance

    LLX announced financial results for the third quarter of the year. A highlight in the company announcement was the conclusion of negotiations with US-based EIG Group which, through a R$ 1.3 billion capital increase, became the new controlling shareholders of the company. Another headline in the announcement was the extension of short-term debt and a […]

  • 5 February 2019
    Business & Finance

    Over the last decade, more than 800,000 acres of land were damaged throughout Buenos Aires, Argentina, as a result of the Salado River basin flooding. For several years, community leaders and politicians have discussed various dredging ideas and solutions such as widening the river and digging a deeper channel in the hopes of reducing potential […]

  • 4 April 2018
    Business & Finance, Project & Tenders

    After nearly ten years of planning and the Environmental Impact Statement (EIS) approval received in February, the future of the Townsville Port Expansion Project is under threat because of funding cuts. The Federal Infrastructure Minister Paul Fletcher revealed today that the Turnbull Government wouldn’t be kicking in their share for the channel widening project, which has already received $75 […]

  • 26 November 2012
    Business & Finance

     The Port of Antwerp starts the next stage in building the world’s largest lock. Mid November 2012, Hilde Crevits, Flemish Minister of Transport & Public Works, officially marked this key step during a site visit. The Deurganckdocklock will be the second lock between Waasland, the port area on the left bank of the River Scheldt, […]

  • 18 March 2013
    Business & Finance

    Meeting during a time when some are calling for sharp cuts in government spending despite the obvious needs to the nation’s infrastructure, members of the MTD Executive Board pledged to work to gain proper funding of vitally important maritime programs. As the board noted in several statements during its 2013 winter meeting in Buena Vista, […]

  • 25 February 2011
    Business & Finance

      DOCKWISE Ltd., today publishes results for the three month period and full year ended 31 December 2010. Financial highlights Q4 2010 Revenues of USD 123 million (Q3 2010: USD 109 million); Adjusted EBITDA of USD 50 million (Q3 2010: USD 46 million); Operating margin of 41% (Q3 2010: 42%); Adjusted net profit of USD 17 […]

  • 23 December 2019
    Business & Finance

    The Charleston Harbor Deepening Project reached a very important milestone last week with President Donald Trump signing the FY2020 Energy and Water Appropriations bill into law, officially greenlighting $138 million for the Charleston Harbor Deepening Project . President Trump included the $138 million in the President’s Fiscal Year 2020 budget earlier this year, making the project eligible […]

  • 27 July 2013
    Business & Finance, Equipment, Technology, Vessels

    Timblo Drydocks based in Goa, India, has signed agreement with Mongla Port Authority for building a complete set of dredging equipment for use of Mongla Port Authority. Western Marine Shipyard will provide full technical support to Timblo in this newbuilding project. This project is worth of USD 8.5 million. The contract was signed at the […]

  • 25 September 2012
    Business & Finance

    Chatham Rock Phosphate Limited advises that all resolutions before the Special Meeting today have been passed and it has issued new ordinary shares to Subsea Investments II, LLC (Subsea), Boskalis Offshore B.V. (Boskalis), and the Directors of CRP in lieu of directors’ fees. Issue of shares to Subsea CRP has today issued 16,867,592 shares to […]