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The Union Minister of Shipping, Shri G.K. Vasan has informed the Rajya Sabha today in a written reply to a question that the Cargo Traffic handled at Major and Minor ports over the last three years has been increased. The details are as follows: He further stated that the Government is taking the following steps […]
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Business & Finance, Equipment, Technology
The Group Luka Koper, one of the fastest growing ports in the Adriatic Sea, and Dutch-based company Van Oord have completed the first phase of the Port Koper deepening project. The increased water depth of 14 m at the port’s Container Terminal will allow the berthing of bigger vessels with larger loads, creating new possibilities […]
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As postandcourier.com reports, a Senate committee approved a measure Tuesday that would allow the state to issue $120 million in bonds to deepen the Charleston port if federal funding for the work falls through. Sen. Larry Grooms said: “We’re making sure we can tell the world that just in case the federal government doesn’t or […]
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Following the arrival of Jan De Nul’s cutter suction dredger ‘Niccolo Machiavelli’ on January 2, the Takoradi Port dredging program is already 75 percent complete. This dredging scheme, which will pave the way for other development projects to follow, is on track for completion by late March or early April 2015. When fully finished, the […]
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Business & Finance, Project & Tenders
The Takoradi Port dredging program, that will pave the way for other development projects to follow, is in full swing and on track for completion by late March or early April 2015. Jan De Nul’s Cutter Suction Dredger (CSD) Nicolo Machiavelli is working on the project and has so far removed over 100,000 cbm of soil from […]
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The $50 million in additional port deepening funds proposed by Georgia Gov. Nathan Deal has been approved by the state legislature and now awaits the governor’s signature. Along with previous funding, Georgia has allocated $231.1 million toward the state’s portion of the Savannah Harbor Expansion Project (SHEP). The $50 million in additional port deepening funds […]
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Business & Finance, Equipment, Technology, Vessels
Dredging Today brings you an overview of the most popular stories from the past week (November 19 – 25, 2018). Celebrating Van Oord’s 150th Anniversary Van Oord celebrated its 150th anniversary on Friday during an international symposium featuring top diplomat Christiana Figueres as guest speaker. Prins Hendrik Sand Dike VIDEO Jan De Nul […]
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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, […]
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Business & Finance, Project & Tenders
The South Carolina congressional delegation has requested the highest level of funding possible for the Charleston Harbor Deepening Project in the Fiscal Year 2018 Army Corps Work Plan. The letter was signed by South Carolina Senators Lindsey Graham and Tim Scott, and U.S. Representatives Mark Sanford, Joe Wilson, Jeff Duncan, Trey Gowdy, Ralph Norman, James […]
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The Union Minister of Shipping, Shri G.K. Vasan has informed the Rajya Sabha today in a written reply to a question that as per the provisions made in the Maritime Agenda, 2010-2020 a number of ambitious projects have been formulated for the major as well as non-major ports with a view to create capacity of […]
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Great Lakes Dredge & Dock Corporation yesterday reported financial results for the quarter and year ended December 31, 2019, saying that the gross profit margin percentage increased to 21.0% in the fourth quarter compared with 20.6% in the prior year fourth quarter. Commenting the latest announcement, Chief Executive Officer Lasse Petterson, said: “2019 was an […]
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During 11th Five Year Plan period for development of Port Infrastructure at Major Ports, an investment of around Rs. 5566 crores have been made and a capacity addition of 185.08 Million Metric Tonnes Per Annum has been achieved. The traffic handled has increased by 96.37 million tonnes i.e. from 463.78 million tonnes to 560.15 million […]
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Business & Finance, Project & Tenders
Great Lakes Dredge & Dock Corporation (GLDD), last Friday announced the receipt of a combined $87.3 million in awarded work across four projects, including the $47.2 million award for the Post 45 Foot Charleston Entrance Channel Maintenance Dredging. The scope of work for Charleston I includes excavation of approximately 6.1 million cubic yards of material […]
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The Texas Senate has unanimously passed Senate Bill 28, the Texas Port Expansion Act, authored by Senator Brandon Creighton and co-authored by Senator Lois Kolkhorst, to provide opportunities for investments and enhancements at Texas Ports. “Texas ports are estimated to be responsible for 25 percent of Texas’ gross domestic product,” said Kolkhorst. “Our ports are […]
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The $35 million in additional port deepening funds proposed by Georgia Gov. Nathan Deal has been approved by the state legislature and now awaits the governor’s signature. Along with previous funding, Georgia has now allocated $266 million, fulfilling the state’s portion of the Savannah Harbor Expansion Project (SHEP). “Lawmakers across Georgia recognize that improving the […]
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Business & Finance, Equipment, Technology
Great Lakes Dredge and Dock Corporation (GLDD) today reported financial results for the quarter ended September 30, 2015. During the quarter, Great Lakes won $218 million, or 37%, of the domestic dredging bid market, with the Delaware River deepening and the Corpus Christi LNG projects representing a significant portion of the awards. At September 30, […]
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A major breakthrough was made in Inland Waterways sector during 2011-12, when a Tripartite Agreement was signed between NTPC, Inland Waterways Authority of India and Jindal ITF Limited for transportation of imported coal for the Farakka Power Plant with an investment of about Rs.650 crore in the private sector. This has been stated in the […]
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On 4 December His Excellency John Mahama, president of Ghana, visited the Jan De Nul Group worksite for the official sod-cutting of the Takoradi Port Expansion Project. This project will take 3 years to execute and foresees in the construction of 1.1 km of additional breakwater, the port deepening up to -14m/-16m and the construction […]
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Great Lakes Dredge & Dock Corporation (GLDD) has just reported financial results for the three and six months ended June 30, 2018. For the three months ended June 30, 2018, GLDD reported revenue of $150.6 million, net loss from continuing operations of $1.0 million and Adjusted EBITDA from continuing operations of $21.4 million. During the second quarter, GLDD was awarded 46% of […]
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In a visit to the Port of Savannah, Panama’s Minister for Canal Affairs Roberto Roy described progress on the canal expansion, and heard the latest news on deepening the Savannah Harbor to 47 feet. “With the historic expansion of the Panama Canal nearing completion, I applaud Georgia for making the improvement of its port infrastructure […]
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The U.S Army Corps of Engineers, Jacksonville District, has announced the official construction completion on the Miami Harbor Deepening and Widening Project, the first major port deepening to a 50-feet depth in the southeastern United States. Along with deepening, which was finished in September, mitigation construction is also completed. Recent monitoring shows the mitigation features […]
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Great Lakes Dredge & Dock Corporation (GLDD) yesterday reported financial results for the quarter ended March 31, 2018. For the first three months GLDD reported revenue of $146.6 million, net loss from continuing operations of $9.3 million and Adjusted EBITDA from continuing operations of $11.7 million. According to the company, excluding the charges relating to GLDD’s previously announced […]
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Pennsylvania Governor Tom Wolf yesterday announced a comprehensive Capital Investment Program at the Port of Philadelphia that will result in more than $300 million in investment in the port’s infrastructure. This initiative, which will start next year and continue through 2020, will double container capacity, position the port for future growth, create thousands of jobs, […]
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The President’s Budget once again includes funds to continue Charleston’s Post-45 Harbor Deepening, a project designated last year by the Administration as one of its priority infrastructure projects. Released yesterday, the fiscal year 2014 budget includes a $1.165-million allocation to continue the considerable progress on the project’s feasibility study, now at its midpoint. “We are […]
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Business & Finance, Equipment, Technology
With the president Obama’s signing today of the Water Resources Reform and Development Act of 2014, the Savannah Harbor Expansion Project (SHEP) is authorized to begin construction. “With today’s action, SHEP has officially received a green light,” said Georgia Ports Authority Executive Director Curtis Foltz. “This project is the result of an open and collaborative […]
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Business & Finance, Project & Tenders
Great Lakes Dredge & Dock Corporation (GLDD) today reported financial results for the quarter ended June 30, 2017. For the three months ended June 30, 2017, GLDD reported revenue of $176.9 million, net loss from continuing operations of $1.1 million and Adjusted EBITDA from continuing operations of $17.6 million. Chief Executive Officer Lasse Petterson commented, “Operationally, as […]
