The Los Angeles Board of Harbor Commissioners yesterday approved a $13.5 million construction contract to ready a prominent, downtown-adjacent section of the San Pedro waterfront for a new public open space and harbor area. The approved Downtown Harbor “water cut” will create the necessary land and
The third quarter at Royal Boskalis Westminster N.V. was in line with the 2011 first half, putting Boskalis on track to close the year in line with expectations with a net profit of € 230-250 million. Revenue in the third quarter was slightly higher than in the first two quarters of the year. At the
Great Lakes Dredge & Dock Corporation, the largest provider of dredging services in the United States and a major provider of commercial and industrial demolition and remediation services, announced the award of the $57 million East Hidd Housing Project in Bahrain. Great Lakes will reclaim 618 acres
Earlier this month, Mosaic placed an order for a new custom DSC Marlin Class underwater pump dredge that will replace the Company’s existing dredge. Mosaic is the world’s leading producer and marketer of concentrated phosphate and potash, two primary nutrients required to grow the food the world nee
Mercator Lines Limited announced its financial results for half year ended 30th Sept 2011 (FY12).The total consolidated income for HI FY12 was Rs. 1,584 Cr. against Rs. 1,268 Cr. for the HI FY11 ended on 30th Sept 2010 recording an increase of 25% on YOY basis. The consolidated Net Profit was Rs. 21
Demag Cranes has announced the launch of its International Dry Bulk Competence Centre with the aim of further expanding the company’s activities in this sector. The centre is located in Banbury, United Kingdom, and will offer customers a complete bulk-handling product family ranging from mobile harb
Interim report on the current state of affairs of the main group companies – Third quarter 2011: CONTRACTING, DREDGING AND CONCESSIONS DEME (AvH 50%) achieved in the third quarter 2011 again a continued high activity level, in line with the first half of the year. Thanks to an additional contract in
Forum Energy Technologies, Inc. has announced signing of an exclusive five-year supply agreement with Canyon Offshore (Canyon). Under the agreement, Forum will be the exclusive provider to Canyon of work-class ROVs and Trenchers. This agreement was initiated with the award of two Perry XLX-200 work-
A decision has been made to maintain the current shareholder structure at IHC Merwede. The IHC Merwede Supervisory Board – in addition to all of the current shareholders – is comfortable with the financial strength of the company for the next year. With the support of JP Morgan and Rabobank M&A, IHC
APM Terminals Vice President and Chief Financial Officer Christian Moller Laursen described the advent of a “New Era in Ports” at the Port Finance International Conference in London where he took the podium as keynote speaker. With the prospect of global port container throughput, currently around 6
Reef Subsea AS announced yesterday that they have acquired from Rotech Group 100% of their Rotech Subsea group of companies headquartered in Aberdeen, Scotland. With this friendly and strategic acquisition, Reef Subsea creates a world leader in Seabed Dredging and Mass Flow Excavation services with
Higher utilizations and operational efficiencies enabled APM Terminals’ Global Port and Terminal Network to increase container throughput 11% compared with the third quarter of 2010, outperforming the market, and recording a return on invested capital (ROIC) of 13.5% for the July through September a
The U.S. Army Corps of Engineers Savannah District issued this statement following the meeting yesterday with the South Carolina Department of Health and Environmental Control Board of Directors: “We are pleased with the unanimous decision of the South Carolina Department of Health and Environmental
The National Oceanic and Atmospheric Administration (NOAA) Fisheries Service has issued its final Biological Opinion on the effects of deepening the Savannah harbor on federally protected endangered species. The opinion concludes that the U.S. Army Corps of Engineers’ plan to deepen the harbor is “n
