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 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 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
China Harbour Engineering Company Ltd. (CHEC) won the bid for Hel Port (the original Zavall Port) expansion phase IV project. The contract amount is over USD 200 million and the time limit for the completion is 31 months. The works will include construction of four new berths with a length of 1058 m
Caterpillar has introduced its new Cat® 311F RR excavator, powered with a 70 net horsepower (52 kW) C3.4B engine that meets U.S. EPA Tier 4 Final emissions standards. The new machine features a reduced radius that limits over-the-side tail swing to just 20 inches (508 mm). A massive 5,400-pound (2 4
Uljanik to Build Dredger for IHC Merwede On February 28, 2014, IHC Global Production B.V, part of IHC Merwede, and Uljanik d.d. signed the contract for the construction of one self-propelled cutter suction dredger. UK: Boskalis Westminster Wins Cowes Breakwater Contract Cowes Harbour Commission (C
APM Terminals’ container throughput increased to 36.3 million TEUs, as measured by equity share, reflecting an overall 3% growth in volume through the APM Terminals Global Terminal Network in 2013. Invested capital rose to $6.1 billion USD during the past year as work on seven new terminals and expa
Planning and International Cooperation Minister Mohammed al-Saadi today met with the Director General of Soft Loans Department in the Chinese Bank of Exports and Imports. During the meeting, they discussed a number of issues related to cooperation between Yemen and the Chinese Bank and ways of stren
Caterpillar has introduced its new Cat® 336F excavator, built to meet U.S. EPA Tier 4 Final emissions standards. This piece of equipment comes equipped with several features to enhance fuel efficiency. Electric boom and stick regeneration valves capture and recycle energy, and an engine idle shutdow
Abu Dhabi Ports Company (ADPC) has announced today an investment of AED 20 million to carry out essential maintenance work at Zayed Port and its neighboring Freeports, to repair the quayside wall enhancing the ports’ facilities and services. Built in 1982, the Freeport covers an area of 305 hectares
A high profile Kenyan delegation visited Kizad and Khalifa Port this week with a view to benefit from the knowledge and experience that ADPC has accumulated in the last 5 years of planning, execution and completion of Abu Dhabi’s mega-project. The delegation was received at Kizad by Engineer Khaled
A team of IOS Partners experts, assigned by the World Bank to carry out consultancy services relating to the Port of Aden development, has paid a visit on Sunday morning, March 2, 2014 to the Head Quarters of the Corporation. They were hosted by the Executive Chairman of the Corporation, Captain Sam
DEME Delivers Strong 2013 Results In 2013, DEME reached a turnover of EUR 2.53 billion in 2013. Compared to the previous year, this represents an increase of 32% and a record turnover. Australia: Port of Melbourne Maintenance Dredging Kicks Off Port of Melbourne Corporation yesterday commenced mai
APM Terminals has announced its 2013 business results and delivered an increased profit of USD 770m and a return on invested capital of 13.5% (15.2%), reflecting improved underlying performance but also a higher asset base due to the continued high investment level. The expansion into high growth ma
