Business & Finance
Business & Finance
2024 ends on a high note for Orion Group
Orion Group Holdings (ORN) yesterday reported its financial results for the fourth quarter and full year ended December 31, 2024. According to ORN, contract revenues of $216.9 million increased $15.3 million or 7.6% from $201.6 million in the fourth quarter last year, primarily due to an increase in
Business & Finance
One week to go: 400+ exhibitors from offshore energy industry to gather in Amsterdam
The following is a press release from Navingo BV, the owner of Dredging Today and organizer of the annual Offshore Energy Exhibition & Conference (OEEC). More than 400 exhibitors and co-exhibitors booked their spots at OEEC 2024 Businesses and organizations from across the offshore energy sector and
Business & Finance
DEME heading for a record turnover in 2024
DEME Group just reported Q3 results and announced a healthy orderbook of 7.1 billion euro. Group turnover grew 32% in the first nine months of the year, reaching nearly 3 billion euro, up from 2.3 billion euro in the same period last year. The Dredging & Infra segment also reported a strong turnover
Business & Finance
Great Lakes reports solid third quarter
Great Lakes Dredge & Dock Corporation (GLDD) today reported financial results for the third quarter ended September 30, 2024. According to Lasse Petterson, President and Chief Executive Officer, GLDD had a solid third quarter with strong project performance and substantial project wins in the bid ma
Business & Finance
DE Klop acquires ROHR-IDRECO
DE Klop company in the Netherlands has successfully completed acquisition of ROHR-IDRECO. This strategic move comes on the heels of the recent acquisition of Hollandsche IJssel, further solidifying DE Klop’s position in the international dredging industry and underscoring the company’s unwavering co
Business & Finance
Port of Brownsville secures $43 million for BIH dredging project
The Port of Brownsville’s Brazos Island Harbor Channel Improvement (BIH) project made progress last month, securing a low interest $43 million loan from the Texas Department of Transportation (TXDOT) — a critical funding boost that brings the historic channel-deepening project closer to reality. At
Business & Finance
Damen books records for revenue and order book
2023 was a positive year for the largest shipbuilding group in the Netherlands, Damen Shipyards Group. It had the highest revenue ever for the second year in a row and the largest order book for the third consecutive year. Revenue passed the 3 billion euro mark for the first time. The order book ros
Business & Finance
GLDD continues strong performance in Q1
Great Lakes Dredge & Dock Corporation has ended the first quarter of 2024 with strong financial results, including net income of $21.0 million. According to Lasse Petterson, President and Chief Executive Officer, Great Lakes ended the first quarter with strong financial results, including net income
Business & Finance
DEME delivers strong results in 2023
DEME Group has released its 2023 Annual Report, showcasing a year of growth and strong performance across all the sectors. According to the company, 2023 demonstrates that DEME is firmly on track. The year was defined by geographic expansion, new vessels, significant growth, and several wins. DEME d
Business & Finance
DCA welcomes the Consolidated Appropriations Act, 2024
The Dredging Contractors of America announced today that the House and Senate have reached deal on the first set of appropriations bills including Energy & Water. In their announcement, DCA showed support for the bipartisan bipartisan package of appropriations bills agreed to by the U.S. House of Re
Business & Finance
Van Oord to get new CEO
The Supervisory Board of Van Oord intends to nominate Govert van Oord as the new CEO of the company. The formal appointment will take place at Van Oord’s Annual General Meeting of Shareholders on April 11, 2024. Govert van Oord has been with Van Oord since 2002 and has worked for the company in the
Business & Finance
Royal IHC reports stable financial results for 2022
Royal IHC has just released the annual report for 2022 providing an overview of the past activities and achievements undertaken throughout the year. According to the company, IHC is, and remains, an important player in the Dutch maritime manufacturing industry through its expertise of complex custom
Business & Finance
Royal IHC announces change in Board of Directors
Royal IHC has welcomed a new member to the Board of Directors, Derk te Bokkel is joining the board as the chief executive officer. With effect from 1 November 2023, Derk te Bokkel will be appointed CEO of Royal IHC. He will thereby take over from Jan-Pieter Klaver who held this role since 1 January
Business & Finance
Van Oord acquires BAM subsidiaries in Singapore and Indonesia
BAM Infraconsult BV (BAM’s civil engineering consultant in the Netherlands) has reached an agreement to transfer its subsidiaries Delta Marine Consultants Singapore and Delta Marine Consultants Indonesia to Van Oord. Together, the two offices employ approximately 40 staff and will continue their act