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Business & Finance

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United States to fund construction of Poti Seaport’s new berth
Business & Finance

United States to fund construction of Poti Seaport’s new berth

The U.S. Embassy in Georgia said today that the U.S. Development Finance Corporation (DFC) has signed a second loan agreement worth $25 million with PACE Group for a port development program. According to their official announcement, the financing will be used to complete the construction of the sec

about 2 months ago
DEME’s nine-month turnover tops 3 billion euros
Business & Finance

DEME’s nine-month turnover tops 3 billion euros

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DEME Group has reported a turnover of 3.09 billion euros for the first nine months of 2025, a 3% increase year-over-year. The group’s order book totals 7.5 billion euros, representing a 5% increase from 7.1 billion euros a year earlier, and remains stable compared with mid-year levels. Offshore Ener

about 9 months ago
DEME delivers another strong performance
Business & Finance

DEME delivers another strong performance

DEME Group today announced its half-year 2025 results, delivering strong performance across key business areas. The company’s Dredging & Infra sector continued working on global capital dredging, maintenance, and major European infrastructure projects. Europe continued to be DEME’s primary region, a

about 1 year ago
Strong first half of the year for Boskalis
Business & Finance

Strong first half of the year for Boskalis

Royal Boskalis (Boskalis) has concluded a remarkably strong first half of the year with all of the company’s divisions reporting substantial increases in their results, leading to an exceptional first half performance. Revenue increased by 14% compared to last year, reaching EUR 2.35 billion (H1 202

about 1 year ago
Royal IHC expects ‘busy year’ ahead
Business & Finance

Royal IHC expects ‘busy year’ ahead

Royal IHC has stated that the 2024 was a significant ‘turning point’ for the company after years of financial uncertainty. The positive results of the strategic review and restructuring in 2023 have created the foundation for further growth, IHC said in the release. Revenue increased with 40% in 202

about 1 year ago
Van Oord presents the Annual Report for 2024
Business & Finance

Van Oord presents the Annual Report for 2024

The General Meeting of Shareholders of Van Oord took place yesterday, April 24, during which the Annual Report 2024 was presented. According to the Report, in 2024, the company demonstrated outstanding teamwork in executing 147 projects. The infrastructure market was characterized by regional variat

about 1 year ago
An aerial photo of the exhibition floor at Offshore Energy Exhibition & Conference 2023
Business & Finance

One week to go: 400+ exhibitors from offshore energy industry to gather in Amsterdam

The following is a press release from Navingo BV, the owner of Dredging Today and organizer of the annual Offshore Energy Exhibition & Conference (OEEC). More than 400 exhibitors and co-exhibitors booked their spots at OEEC 2024 Businesses and organizations from across the offshore energy sector and

about 1 year ago
DEME heading for a record turnover in 2024
Business & Finance

DEME heading for a record turnover in 2024

DEME Group just reported Q3 results and announced a healthy orderbook of 7.1 billion euro. Group turnover grew 32% in the first nine months of the year, reaching nearly 3 billion euro, up from 2.3 billion euro in the same period last year. The Dredging & Infra segment also reported a strong turnover

about 1 year ago
DE Klop acquires ROHR-IDRECO
Business & Finance

DE Klop acquires ROHR-IDRECO

DE Klop company in the Netherlands has successfully completed acquisition of ROHR-IDRECO. This strategic move comes on the heels of the recent acquisition of Hollandsche IJssel, further solidifying DE Klop’s position in the international dredging industry and underscoring the company’s unwavering co

about 1 year ago
Damen books records for revenue and order book
Business & Finance

Damen books records for revenue and order book

2023 was a positive year for the largest shipbuilding group in the Netherlands, Damen Shipyards Group. It had the highest revenue ever for the second year in a row and the largest order book for the third consecutive year. Revenue passed the 3 billion euro mark for the first time. The order book ros

about 2 years ago
DEME delivers strong results in 2023
Business & Finance

DEME delivers strong results in 2023

DEME Group has released its 2023 Annual Report, showcasing a year of growth and strong performance across all the sectors. According to the company, 2023 demonstrates that DEME is firmly on track. The year was defined by geographic expansion, new vessels, significant growth, and several wins. DEME d

about 2 years ago
Van Oord to get new CEO
Business & Finance

Van Oord to get new CEO

The Supervisory Board of Van Oord intends to nominate Govert van Oord as the new CEO of the company. The formal appointment will take place at Van Oord’s Annual General Meeting of Shareholders on April 11, 2024. Govert van Oord has been with Van Oord since 2002 and has worked for the company in the

about 2 years ago
Royal IHC reports stable financial results for 2022
Business & Finance

Royal IHC reports stable financial results for 2022

Royal IHC has just released the annual report for 2022 providing an overview of the past activities and achievements undertaken throughout the year. According to the company, IHC is, and remains, an important player in the Dutch maritime manufacturing industry through its expertise of complex custom

about 2 years ago
Royal IHC announces change in Board of Directors
Business & Finance

Royal IHC announces change in Board of Directors

Royal IHC has welcomed a new member to the Board of Directors, Derk te Bokkel is joining the board as the chief executive officer. With effect from 1 November 2023, Derk te Bokkel will be appointed CEO of Royal IHC. He will thereby take over from Jan-Pieter Klaver who held this role since 1 January

about 2 years ago