Business & Finance
Business & Finance
Boskalis concludes the first half of 2021 with good results
Royal Boskalis Westminster N.V. (Boskalis) has concluded a good half year with a strong increase in earnings despite ongoing COVID-19 related restrictions. Compared to last year, revenue increased by 4.6% to EUR 1.32 billion (H1 2020: EUR 1.26 billion). Adjusted for (de)consolidation and currency ef
Business & Finance
Record investment for the South East flood schemes
The Environment Agency has announced their plans to invest £176.5 million in the South East flood protection schemes in 2021/22. These investments in more than 200 schemes will better protect homes and businesses in the South East from future flooding and coastal erosion. The funding is part of plan
Business & Finance
UK to invest over £860M in flood alleviation schemes
Thousands more homes and businesses are to be better protected from flooding and coastal erosion, as part of plans published today by the Government outlining a record £5.2 billion of investment over the next six years. More than £860 million will be spent in 2021-22 boosting design and construction
Business & Finance
Over $5M for local dredging projects in Massachusetts
The Baker-Polito Administration has awarded more than $5 million in grants to nine dredging projects through the Massachusetts Dredging Program, established to promote the strength and sustainability of the Commonwealth’s coastal harbors through support of saltwater dredging. The Dredging Program aw
Business & Finance
Solicitation opens for two Hawaii projects
The U.S. Army Corps of Engineers, Honolulu District recently issued a solicitation entitled, “Kaunakakai Harbor Maintenance Dredging, Molokai, Hawaii and Kahului Harbor Maintenance Dredging, Maui, Hawaii”. The purpose of the Kaunakakai Harbor Maintenance Dredging project is to conduct maintenance dr
Business & Finance
Big investment for Quebec harbours
The Government of Canada yesterday announced an important investment for Quebec harbours. Supported by the Small Craft Harbours (SCH) Program, the government will invest $36.6 million to help maintain small craft harbours across the province. In the Gaspé Peninsula, the upcoming investments and work
Business & Finance
€21M financing secured for the Ajos Port dredging project
Nordic Investment Bank (NIB) and Kemin Satama Oy have signed a 13-year loan that will finance the deepening of the Ajos Port from 10 to 12 metres, including fairway and basin dredging. According to NIB, the EUR 21 million loan will also help finance the building of a new 400-metre quay, and investin
Business & Finance
Big milestone for the Fargo-Moorhead project
The U.S. Environmental Protection Agency (EPA) has announced a $569 million Water Infrastructure Finance and Innovation Act (WIFIA) loan for a project to increase climate resilience for communities in the Fargo-Moorhead metropolitan area by reducing flood risks. “The Fargo-Moorhead project illustrat
Business & Finance
Registration open for the Offshore Energy Conference 2021
The registration for Offshore Energy Exhibition & Conference 2021 is now live! The event, to be held on 26 & 27 October in Amsterdam RAI, the Netherlands, will attract thousands of offshore professionals and hundreds of exhibiting companies. Offshore Energy Exhibition & Conference (OEEC) looks forwa
Business & Finance
Funding secured for the New England dredging projects
With the recent release of the President’s Budget for Fiscal Year 2022 (FY22) for the Army Corps Civil Works program, the New England District received vital funding for continued operations and maintenance of projects and programs for the next fiscal year beginning Oct. 1, 2021. The budget provides
Business & Finance
$268.3M for the Little Rock District projects
The U.S. Army Corps of Engineers, Little Rock District, has just announced that the President’s Fiscal Year 2022 Budget includes $268.3 million in federal funding for the district’s civil works program. This is part of the $6.79 billion in discretionary funding for the Army Corps’ civil works progra
Business & Finance
JDN: Versatility ensures stable results
In 2020, Jan De Nul Group achieved an annual turnover of more than 1.9 billion euros with EBITDA reaching 344 million euros, i.e. 18% of the turnover, a performance in the lead group of the industry. JDN stays ahead thanks to its ultra-strong balance profile, with equity capital in excess of 2.9 bil
Business & Finance
ORN results in line with expectations
Orion Group Holdings, Inc. (ORN), one of the leading dredging companies in the US, yesterday reported net income of $0.9 million for the first quarter ended March 31, 2021. According to Mark Stauffer, Orion’s Chief Executive Officer, the results for the first quarter were in-line with the company’s
Business & Finance
VCC wins Illinois River Basin contract
Vazquez Commercial Contracting LLC (VCC) of Kansas City, Missouri, recently won a $28.2 million contract for hydraulic dredging of the Illinois River Basin. In order to maintain the 9-foot navigation channel, maintenance dredging is performed at various locations in the reach of the Illinois Waterwa