Maersk Group today presents a profit of USD 5 billion. “Our people have done a truly great job,” says Group CEO Nils S. Andersen. In 2011, the Group will focus on expanding business and maintaining high profitability. Thanks to increased competitiveness and a rebound in the global economy, the Group
Great Lakes Dredge & Dock Corporation, the largest provider of dredging services in the United States and a major provider of commercial and industrial demolition services, today reported financial results for the quarter and year ended December 31, 2010. President & Chief Financial Officer Bruce Bi
An interactive forum and networking event for project owners, financiers, insurers, contractors, construction lawyers, regulators, government agencies and NGOs, advisors to decision makers in the maritime infrastructure construction industry. This two-day forum with the theme Partnering Creates Poss
Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD), the largest provider of dredging services in the United States and a major provider of commercial and industrial demolition services, today announced that its 2011 Annual Meeting of Stockholders will be held on May 4, 2011 at 10:00 am CDT at Lewis
BMT Group Ltd, the leading international maritime design, engineering and risk management consultancy is set to broaden its capabilities in the Asia-Pacific region with the successful acquisition of port and harbour engineering specialists, JFA Consultants Pty Ltd based in Perth, Western Australia.
ABB, the leading power and automation technology group, has signed a cooperation agreement with Canyon Offshore for trenching services to support ABB’s subsea high-voltage cable installation projects. “Subsea cables are increasingly being deployed for interconnections and offshore wind integration p
Great Lakes Dredge & Dock Corporation (NASDAQ: GLDD) today announced that it will release its financial results for the quarter and year ended December 31, 2010 on Tuesday, February 22, 2011 at 7:00 am CST. A conference call with the Company will be held the same day at 9:00 am CST. The call in [&he
M.Sc. (Econ.) Pauliina Tennilä has been appointed Director, Investor Relations at Wärtsilä Corporation as of 1 March 2011. She succeeds Joséphine Mickwitz, who has been appointed HR Director, Wärtsilä Industrial Operations. Tennilä has worked at Wärtsilä since 1998 and has held various positions in
Imtech Marine (the marine division of technical services provider Imtech) announces its new 2011 – 2015 growth strategy. Imtech Marine targets to double its revenue up to 1 billion euro in 2015. Growth will be achieved by organic growth and by means of acquisitions. Eric van den Adel, Managing Direc
Wärtsilä Corporation Changes in management 10 February 2011 at 9.30 a.m. EET Wärtsilä’s Board of Directors has appointed Mr Björn Rosengren M.Sc. (Tech.), born 1959, as the new President and CEO of Wärtsilä Corporation. He will assume the position on 1 September 2011, succeeding Mr Ole Johansson, wh
Damen Dredging Equipment has delivered from stock a CSD500 to Kazachstan. The cutter suction dredger has started on its first job, the creation of a new irrigation channel. The standard dredger has been fitted out with several options before leaving the Nijkerk yard. The CSD500 is a modularly buil
An excavator formed an unusual yet highly effective partnership with a dredging vessel on the Lincolnshire coast in England last summer. Working on the Lincshore project, the Hitachi ZX470LCH-3 crawler excavator and trailing suction hopper dredger, Vlaanderen XX, have helped to ensure that future ge
The launch ceremony for the 30,000m³ trailing suction hopper dredger CONGO RIVER took place on 21 January 2011 at the IHC Merwede shipyard in Krimpen aan den IJssel, The Netherlands. IHC Merwede is building the impressive ship for the DEME Group and the CONGO RIVER is one of the largest ships in the
GE announced today strong fourth-quarter 2010 earnings from continuing operations (attributable to GE) of $3.9 billion, or $0.36 per share, up 33% from the fourth quarter of 2009. Revenues grew to $41.4 billion for the quarter, the company’s first positive growth in nine quarters. “GE ended 2010 wit