Fitch Ratings affirms the ‘A’ rating on Broward County, Florida’s outstanding $249 million port facilities senior revenue and refunding bonds. All senior bonds are secured by net revenues from Port Everglades (the port). The Rating Outlook on all senior bonds is Stable. KEY RATING DRIVERS DIVERSIFIE
With the arrival of the Water Master dredging machine, the Iloilo River dredging operations have started. This dredging program covers some 2.2 kilometers from the Carpenter’s Bridge down to the Esplanade, according to sunstar.com. City Mayor Jed Patrick Mabilog stated that the project, which has an
Two days ago, after cargo shifted in the hold, the dredger BG Stone 1 capsized off Torreso Strand, Odense, Kattegat. Within 45 minutes, the Danish Navy vessel “MHV 910” of the Flotilla 137 in Aabenraa arrived to the scene, according to sailors-club.net. The crew of four men were rescued by an Air Fo
Caterpillar Inc. today announced third-quarter 2012 sales and revenues of $16.445 billion, a 5-percent increase from third-quarter 2011 sales and revenues of $15.716 billion. Profit per share for the third quarter of 2012 was $2.54, up 49 percent from $1.71 per share in the third quarter of 2011. Th
According to the stevestonharbour.com, the Department of Fisheries and Oceans will be dredging the public fish sales float at Steveston Harbour from October 28, 2012 at 10:00pm to November 22, 2012. Loren Slye, chair of the Steveston 20/20 group, stated: “It is filling up. If you go in low tide you
As part of his administration’s master plan for the development of the country’s eastern regions, President Susilo Bambang Yudhoyono is scheduled to kick off eight major infrastructure projects in East Kalimantan this week, reports thejakartaglobe.com. S. Adiyat, a spokesman for the provincial admin
The dredging project at the St John’s Harbour should start at the end of the winter cruise season in early 2013. Chairman of the St John’s Development Corporation (SJDC) Sylvester Browne stated: “It cannot be done before the season, but right after the season dies out, they can start the job. Cabine
In testimony to its determined pursuit of excellence, DP World, UAE Region has won three prestigious awards over just two days. DP World, UAE Region won the prestigious Lloyd’s List Port Operator Award for 2012 at the Lloyd’s List Middle East and Indian Subcontinent Awards, held in Dubai, the import
The construction work on the Yarimca terminal in Turkey should commence very soon, according to the DP World top official. Rashid Abdulla, senior vice-president, Global Operation, DP World, stated: “The project is a part of 10 major port developments being carried out by the DP World, as part of its
A group of more than 50 people came to Newfane Town Hall to hear the preliminary findings of the Regional Harbor Dredging Management Plan update, according to lockportjournal.com. The tourism officials and marina owners that populated a public information meeting Thursday agree that harbor dredging
China has introduced plans to build two drone military bases in Liaoning province for marine surveillance purposes. The first base will be built in the coastal city of Yingkou to cover the Bohai Sea area and the second one will be constructed in Dalian city, according to upi.com. These military base
Karachi Port Trust Official announced last week that the Pakistan Deep Water Container Port has been delayed due to technical reasons. The main reason for the delay is dredging as hard soil/rocks were found on the site, according to thenews.com. At present the throughput of cargo stands at 41 millio
Affected by the international and domestic economic environment and the financial positions of local governments of China, the industry generally faced challenges during the first half of the year. However, the prospect of the market is still promising and the medium-to-long term demand will be robu
Xiangyu Dredging Holdings Limited announced that the wholly owned subsidiary Jiangsu Xiangyu Port Construction Company Limited has enter into a contractual agreement with Longkou City Nanshan Western Coastline Artificial Island Construction and Development Limited for the provision of reclamation dr
