Business & Finance
Business & Finance
$261M more for projects in Southwest Louisiana
Louisiana’s Coastal Protection and Restoration Authority (CPRA) has announced the U.S. Department of Treasury’s acceptance of Louisiana’s Second Amended Direct Component Multiyear Implementation Plan under the Resources and Ecosystems Sustainability, Tourist Opportunities and Revived Economies of th
Business & Finance
Van Oord releases the 2020 Annual Report
The General Meeting of Shareholders of Van Oord N.V. was held on 15 April 2021, during which the 2020 Annual Report was presented. In the Annual Report, Van Oord looked back on a challenging year, providing an overview of the results achieved in 2020, and their strategy. “Our company had one of the
Business & Finance
Dredging complete at DP World Southampton
DP World announced today that Southampton, Britain’s second largest container terminal, will benefit from a major programme of investment in 2021. According to the company, the programme is designed to take the Southampton terminal up to the next level as a premier international freight and logistic
Business & Finance
DCIL celebrates 45th anniversary
Dredging Corporation of India Limited (DCIL) recently celebrated the 45th anniversary of the company’s founding at its Head Office in Visakhapatnam, Andhra Pradesh. The India’s premier dredging company was incorporated on March 29, 1976, and since then it has been consistently catering to the dredgi
Business & Finance
$163M for 15 state projects in LA
Gov. John Bel Edwards yesterday announced $163 million in Community Development Block Grant Mitigation (CDBG-MIT) funding from the Louisiana Watershed Initiative (LWI) for 15 flood risk reduction projects and programs in communities throughout the state. A portion of this funding will be allocated t
Business & Finance
ADBP celebrates major milestone – the 600th dredging project
Anthony D Bates Partnership (ADBP) is celebrating a major milestone in its history – they recently reached the landmark of its 600th dredging consultancy project. According to Colm Sheehan, Partner – Dredging Consultant at ADBP, the honour of receiving the prestigious job number of 600 has fallen to
Business & Finance
Van Oord reports solid results despite challenging year
Even though 2020 was a challenging year, Van Oord managed to achieve a higher revenue, strong operational results, a relatively stable EBITDA, and a very strong cash performance. According to the release, with the excellent work of its people, Van Oord have realised a solid financial performance. Th
Business & Finance
USDA invests $28M for new wetland projects
The U.S. Department of Agriculture (USDA) is making investment of $28 million in six new Wetland Reserve Enhancement Partnership (WREP) projects and four ongoing ones. Partners will contribute $2.82 million, bringing the total investments to $30.82 million. “Wetlands have tremendous benefits ranging
Business & Finance
$5M grant for coastal wetlands in South Carolina
The S.C. Department of Natural Resources (SCDNR) and the S.C. Conservation Bank were recently awarded five grants totaling $5 million to protect coastal wetlands in Williamsburg, Jasper, Charleston, Georgetown and Horry counties. “Coastal wetland habitat conservation is critical to ensure that impor
Business & Finance
Budget for Kamchatka dredging project almost doubled
The budget for dredging works at the access canal to the Bechevinskaya Bay – under the NOVATEK’s LNG terminal project – has almost doubled to RUB 19 billion, said Zakhary Dzhioyev, Deputy Head of the Federal Marine and River Transport Agency at the 4th International Congress “Hydraulic Engineering S
Business & Finance
Boskalis starts 2021 with record order book
Royal Boskalis Westminster N.V. (Boskalis) has reported a strong set of results in 2020, both operationally and financially. According to the company, Boskalis has exceeded expectations in what has proven to be a very turbulent and challenging year with an EBITDA of EUR 404 million. Net operating pr
Business & Finance
Royal Doeksen takes over Vuyk Engineering
Royal IHC and Royal Doeksen yesterday reached an agreement on the acquisition of all shares in Vuyk Engineering Rotterdam. In mid-2020, IHC presented their new strategy going back to its core business. As a result of this new strategy it was decided that Vuyk, among other companies, would be diveste
Business & Finance
Funding needed for jetty infrastructure and dredging in Oregon
Oregon’s Senators Jeff Merkley and Ron Wyden, along with Representatives Peter DeFazio, Earl Blumenauer, Kurt Schrader, and Suzanne Bonamici, are pushing the U.S. Office of Management and Budget to provide the Army Corps with annual funding for maritime infrastructure maintenance crucial to public s
Business & Finance
Beverly receives grant for dredge study
The Seaport Economic Council recently awarded a grant to Beverly City (Mass) to complete a feasibility study that will determine the safest method to dispose dredged material from the Bass River. Beverly will receive $140,000 to facilitate the process of identifying a suitable dredge sediment dispos