NEOM has signed an agreement with Riyad Bank for SAR 3 billion ($800 million) in debt financing to help fund the development of Sindalah, marking the first NEOM region to be successfully financed with bank debt. Extending over an area of approximately 840,000 square meters, Sindalah, is one of a gro
DEME has just announced topline metrics for the first quarter ended 31 March 2023 – orderbook reached 7.1 billion euro and the total turnover, led by Offshore Energy, increased 9%. The turnover of the Dredging & Infra segment reflects lower activity levels compared to a strong first quarter last yea
The Dredging Contractors of America (DCA) held its 2023 Annual Meeting at the Conrad Hotel in Nashville, Tennessee on April 24-26. DCA President Fred Paup of Manson Construction Co. welcomed dredging companies large and small from across the United States. Major General William H. “Butch” Graham, D
Lights On You has just released these beautiful photos from the SM PRIME 360 land reclamation work that is being undertaken in Manila Bay. A 360 hectares of the reclamation program will be connected to the Mall of Asia (MOA) Complex, which is also a land reclaimed project that was turned into a vibr
The African Union Development Agency-New Partnership for African Development (AUDA-NEPAD) has expressed readiness to collaborate with the federal government and Imo state government in ensuring the realisation of the objectives of the dredging of Oguta Lake and Orashi River. The Chief Executive Offi
Damen Services has opened its twelfth service hub, located in South-East Asia at Damen Song Cam shipyard in Haiphong, Vietnam. This latest addition to its Service Hub network will enable Damen to provide a dedicated resource from which it can deliver faster and more comprehensive maintenance and oth
If a standard five-storey building was to stand in the middle of the Klaipeda port waters today, it would be completely underwater. The port waters and entrance channel dredging project that began at the Port of Klaipeda in 2020, has now been completed. 15.5 metres – this is now the depth of the Por
Boskalis has just announced that they concluded a busy and good first quarter. Both revenue and earnings increased compared to Q1 2022 and both major divisions – Dredging & Inland Infra and Offshore Energy – contributed to this growth. A lot of new work was secured during the quarter leading to an i
Annual works to reduce the risk of flooding for Lincolnshire’s coastal communities, undertaken by the Environment Agency, are now underway. Over the next 6 to 7 weeks, around 400,000 cubic metres of sand will be topped up on beaches between Saltfleet and Gibraltar Point, reducing the risk of floodin
Dredging operations at the Port of São Francisco do Sul in the Brazilian state of Santa Catarina are now complete. The maintenance dredging work – carried out with the dredging vessel Optimus – was undertaken at berths 301 and 302 of the Santa Catarina Terminal (Tesc). During the project, approximat
DEME Group has just announced that Els Verbraecken, the company’s Chief Financial Officer (CFO), will leave DEME in the spring of 2024. Els Verbraecken joined DEME in 2002 and has been appointed as Chief Financial Officer of the group in 2013. Throughout her time at DEME, as CFO, head of DEME’s Fina
The Jacksonville Port Authority (JAXPORT) set a new port record yesterday with the arrival of the vessel ONE STORK, the largest container ship to ever call Jacksonville. Operated by shipping line Ocean Network Express (ONE) within THE Alliance network of ocean carriers, the ONE STORK has a carrying
In a UK first, the Environment Agency, BAM, Arup and Tarmac have successfully trialled the use of two low carbon concrete mixes for works at the Hexham Flood Alleviation Scheme. The low-carbon concrete has been used across 3 panels, totalling 27 metres of the £6.5 million Hexham flood defences, as p
Genoa is set to strengthen its role as a strategic hub for the Mediterranean – the laying of the first stone for a new breakwater was celebrated yesterday, marking the start of work on a project unique in the world for its scale, engineering complexity and economic benefit to the city and the countr
