Business development
Business development
NMDC posts record-breaking numbers in the first half of 2023
National Marine Dredging Group (NMDC) has announced a significant surge in its net profit during the first half of 2023, reaching AED 881 million (near $240 million). The first half year results demonstrate record-breaking numbers and substantial growth in both revenue and net profit, with the Group
Business development
Port Hedland: Lumsden Point project continues to progress
The Cook Government is continuing to drive economic diversification opportunities in the Pilbara, with the new multi-user facility and logistics hub at Port Hedland’s Lumsden Point reaching another milestone. “We know there are enormous opportunities in the Pilbara for job-creating new green industr
Business development
Final stage of Spoilbank Marina project underway
The Spoilbank Marina project in Port Hedland has reached another important milestone, with the final stage of construction for the landside component and landscaping now underway. “This final stage of construction will deliver a vibrant and culturally rich community amenity for locals and visitors t
Business development
Baker Hughes Foundation supports coastal restoration in the United States
The Baker Hughes Foundation has announced two grants focused on coastal restoration in the United States: first, a $100,000 grant to National Coastal Resilience Fund, and additionally a $50,000 grant to Coalition to Restore Coastal Louisiana. The National Coastal Resilience Fund is a program led by
Business development
Blumenthal, Murphy: Big win for the future of Connecticut’s shoreline economy
Connecticut Senators Chris Murphy and Richard Blumenthal have announced the inclusion of $5.725 million for Connecticut Congressionally Directed Spending projects in the Fiscal Year 2024 Energy and Water Development Appropriations bill. In addition, the bill includes over $10 million in funding for
Business development
GLDD to proceed with its largest project yet – Rio Grande LNG
Great Lakes Dredge & Dock Corporation (GLDD) has announced the receipt of Notice to Proceed to perform essential improvements to the Brownsville Ship Channel for NextDecade Corporation’s Rio Grande LNG project. The work includes deepening the entrance channel to the western end of the RGLNG property
Business development
Tuvalu launches new coastal hazard modelling tool
In collaboration with the Pacific Community (SPC), the Tuvalu Coastal Adaptation Project (TCAP) has handed over to Government of Tuvalu a state-of-the-art online platform which, for the first time, allows the atoll nation to clearly identify, plan for, and reduce risks associated with sea level rise
Business development
EXCLUSIVE: Gwadar Port dredging almost halfway done
Around 40% of the dredging work at Gwadar Port has been completed so far. The dredging process is currently underway to restore the original depth of the navigational channel at the port, allowing larger ships to operate smoothly. This work, conducted by the China Harbour Engineering Company Ltd (CH
Business development
BREAKING NEWS: DEME completes Port of Brest dredging
DEME has successfully completed dredging works in the Port of Brest, France. For this project, the company mobilised its trailing suction hopper dredger (TSHD) Scheldt River and the cutter suction dredger (CSD) Ganga to tackle 1 million m³ of soft sediments. The project’s primary objective was to de
Business development
Port of Argentia expansion plans get $38M boost
The Minister of Transport, the Honourable Omar Alghabra, yesterday announced an investment of up to $38 million under the National Trade Corridors Fund to improve cargo movement at the Port of Argentia. The project will expand the existing Fleet Dock terminal. This expansion includes the constructio
Business development
Ettalong Channel dredging set for August
Transport for NSW said that the new Ettalong Channel dredging program will take place in August. “We are working towards obtaining the necessary approvals, including a Crown Lands licence to remove up to 30,000m3 of sand,” the officials said. Ettalong Channel provides a key navigational entrance to
Business development
Sweden’s SKB gets permit for Forsmark Port expansion
Svensk Kärnbränslehantering AB (SKB), Sweden’s radioactive waste management company, has received an environmental permit to expand and conduct operations in Forsmark Port. In April, SKB took over Forsmark’s port from former owner Forsmark’s power group as a prerequisite for handling and transportin
Business development
Matthews Brothers Dredging wins $17.7M Houston dredge contract
Matthews Brothers Dredging LLC, from Pass Christian, Mississippi, has won a $17.7 million firm-fixed-price contract for a maintenance dredging project in Texas. Bids were solicited via the internet with four received, reports the U.S. Department of Defense (DoD). Work will be performed in Houston, T
Business development
Governor Ivey announces $67M in GoMESA-funded projects
Alabama Governor Kay Ivey has announced over $67 million for 27 projects, which are supported by funds from the Gulf of Mexico Energy Security Act of 2006 (GoMESA). These projects focus on water quality improvements, research, land acquisitions and recreational access improvements, which are include