Business & Finance
Iraq: Euphrates River Dredging Wrapped Up, Ministry Says
The Ministry of Water Resources, General Directorate for River Dredging Works, has completed the dredging project in the Kormatt Hassan section of the Euphrates River. Accumulated sediment was removed from the middle of the river located in Sook Al-Shiokh. During the project the Ministry used four d
Top News – March 24 to 30, 2014
CHEC Wins Two Projects in Trinidad and Tobago On February 25, minister of trade, industry and investment of the Republic of Trinidad and Tobago signed the business contract for the transshipment port and dry dock project and the Endeavour business development project in the country. VIDEO: Van Oor
VIDEO: Van Oord 2013 Highlights
Van Oord, the Netherlands based contractor for dredging and offshore projects, had a better business result in 2013 than in 2012. The year closed with an almost equal turnover of EUR 1,641 million (2012: EUR 1,676 million). At EUR 130 million, the net profit was considerably higher than in 2012 (EUR
Yemen: Corps to Announce Tender for Khor al Omeyrah Dredging Project
According to the U.S. Army Corps of Engineers, Middle East District, the Khor al Omeyrah jetty and floating pier development project will involve construction of rock structures and dredging. This expansion program, located within the boundaries of a military controlled area at Khor al Omeyrah, Yeme
New EC380E Crawler Excavator from Volvo Construction Equipment
Volvo Construction Equipment has introduced its EC380E crawler excavator, equipped with a powerful Tier 4 Final engine. The Volvo heavy-duty EC380E crawler excavator is a productive machine that lowers operating costs through reduced fuel consumption and simple maintenance requirements. Powered by a
Top News – March 17 to 23, 2014
Panama Canal Expansion Program Update – March 2014 (VIDEO) The Panama Canal expansion project will double the capacity of the Panama Canal by 2015 by creating a new lane of traffic and allowing more and larger ships to transit. Maldives: Boskalis Wins Massive Land Reclamation Deal A contract signi
VIDEO: Boskalis Introduces Its 2014-2016 Strategy
Royal Boskalis Westminster N.V. has defined a strategy for the period 2014-2016 based on three elements. These elements are: Focus, Expand and Strengthen. “It is our goal to further expand our company. Identifying opportunities for growth starts with understanding current market developments. We foc
CAP, Sultanate of Oman Ink Duqm Port Concession Agreement
With the signing of the concession agreement between Consortium Antwerp Port (CAP) and the Sultanate of Oman to operate, develop and manage the Port of Duqm and its industrial land for the next 28 years, the Porf of Duqm Company reaches its second milestone. The agreement was signed in the presence
DP World Delivers Strong 2013 Results
Global marine terminal operator DP World today announced strong financial results from its global portfolio of marine terminals for the twelve months to 31 December 2013, delivering profit attributable to owners of the Company before separately disclosed items of $604 million, 26.6% ahead of last ye
Boskalis, Van Oord Experts Conduct IADC Webinar
International Association of Dredging Companies (IADC) has published its Webinar on Ecology and Dredging, presented by Astrid Kramer and Heidi van der Meij. This webinar focusses on the need and application of ecological knowledge in dredging projects. Astrid Kramer is an ecologist and works as a pr
Top News – March 10 to 16, 2014
Van Oord Nabs EUR 500 M Land Reclamation Contract (Kuwait) Van Oord has been awarded a land reclamation project in Kuwait. The client is the Kuwait National Petroleum Company (KNPC) and the contract value amounts to approximately EUR 500 million. IHC Merwede Launches Dredger ‘AL BAHAR’ C/D HUTA 12
Boskalis Achieves Record Net Profit of EUR 366 M
Royal Boskalis Westminster N.V. achieved revenue of EUR 3.5 billion in 2013 (2012: EUR 3.1 billion). Net profit rose sharply to EUR 366 million (2012: EUR 249 million), partly due to a number of extraordinary items amounting to EUR 97 million post tax. Boskalis intends to distribute a dividend of EU
Van Oord Nabs EUR 500 M Land Reclamation Contract (Kuwait)
Van Oord has been awarded a land reclamation project in Kuwait. The client is the Kuwait National Petroleum Company (KNPC) and the contract value amounts to approximately EUR 500 million. The project involves the reclamation of land in a ‘sabkha area’ (a salt plain near the coast) for the constructi
Van Oord Delivers Strong 2013 Results
Van Oord had a better business result in 2013 than in 2012. The year closed with an almost equal turnover of EUR 1,641 million (2012: EUR 1,676 million). At EUR 130 million, the net profit was considerably higher than in 2012 (EUR 98 million), and the company’s order portfolio was similar to the pre