Business development
Business development
EXCLUSIVE: Boskalis wins contract for Saudi futuristic city Neom
Boskalis has won a contract for a Red Sea port development to service a new futuristic city in Saudi Arabia – Neom. Early 2023, the Dutch giant was awarded “a significant contract for the development of a port on the Red Sea coastline of Saudi Arabia as the first step in the development of a [&helli
Business development
Boskalis concludes 2022 with sharp increase in profitability
Boskalis concluded 2022 with a sharp increase in profitability with a strong increase in revenue. Compared to last year, revenue increased by 21.0% to EUR 3.58 billion (2021: EUR 2.96 billion). Also, EBITDA increased by 30.7% to EUR 604 million (2021: EUR 462 million) and operating profit increased
Business development
DP World invests $35M in Brazil’s Port of Santos
DP World will invest $35 million in 2023 to expand and modernise its facilities located on the left bank of Brazil’s Port of Santos. The port is one of the largest and most modern private multi-purpose port terminals in the country. With the investment, the company plans to increase annual movement
Business development
Coomera River dredging about to begin
A significant dredging campaign that will improve navigation in the Coomera River will soon get underway, the Queensland Government said. The Coomera River is the primary access way for a wide variety of commercial, industrial, residential, and recreational waterway users. The $2.5 million project i
Business development
Huizenga helps secure dredging money for Saugatuck, Douglas
Michigan Congressman Bill Huizenga yesterday announced that his office helped secure $895,000 in critical funding from the Army Corps of Engineers to ensure Saugatuck will be properly dredged for the upcoming summer season. “Harbors and rivers serve as major sources of economic activity for the comm
Business development
Russia and sanctions – Dredging costs on the rise
Russia’s port infrastructure will see a massive development in the coming years – there are infrastructure projects covering all waterways of the country. According to the Port News, in the North-West Region, Russia will build up the capacity of dry bulk terminals. In the Kaliningrad Region, the con
Business development
Virginia on its way to become the US East Coast’s deepest port
The Port of Virginia is progressing toward becoming the only US East Coast port with 55-foot-deep channels that are also wide enough to accommodate two-way traffic of ultra-large container vessels. “It’s an important distinction to have because this sets The Port of Virginia apart from our East Coas
Business development
South Louisiana priorities funded in USACE Work Plan
U.S. Congressman Garret Graves has announced the following key Louisiana projects received funding that will address dredging, levee, flood protection and infrastructure priorities. The work plan is the regular release of how the Army Corps will be funding its projects after the passage of the annua
Business development
DEME: Spotlight on Dredging & Infra Segment
Earlier this week, DEME Group released the full year results for the last year. In their official statement, they said that the Dredging & Infra segment achieved a turnover of 1,524 million euro year-to-date, 3% higher than a year ago. While the orderbook decreased 8% it is still at a solid level of
Business development
Demcon, Van Oord sign partnership agreement
Demcon Unmanned Systems and Van Oord have signed a Strategic Partnership Agreement. The new deal will strengthen the relationship by further alignment on key strategic topics and building a long-term sustainable partnership, the companies said. Demcon and Van Oord have already collaborated for sever
Business development
DEME achieves two records in 2022
DEME Group has just released the full year results for the last year. According to their official statement, DEME achieved two records in 2022: an orderbook of more than 6 billion euro and an all-time high turnover at 2,655 million euro, an increase of 6% year-over-year. There was healthy demand in
Business development
New investment to boost engine room of WA economy
Work is now underway on a major project that will expand the export and import capacity at the Port of Port Hedland – unlocking trade and investment opportunities, creating hundreds of new jobs and helping drive Australia’s Net Zero future. The Commonwealth Government is investing $565 million to su
Business development
EXCLUSIVE VIDEO UPDATE: New Manila International Airport by Boskalis
Alfman Sta. Cruz YouTube channel has just released the latest video update from the largest land reclamation project in Boskalis’ history – the New Manila International Airport (NMIA). This will be the Philippines’ largest and most sophisticated airport and the dredging works are moving ahead accord
Business development
Highlights of the Sustainable Financing conference in Dubai (VIDEO)
Professionals in the fast changing world of finance, dredging or related sectors visited the IADC conference “Financing Sustainable Marine and Freshwater Infrastructure” which was held on 9 February 2023 in Dubai. All participants recognised the importance of sustainable projects. Investors have gre