Business & Finance
Business & Finance
Highlights of the Week
Dredging Today brings you an overview of the most popular stories from the past week (April 27-May 3, 2020). Gulf of Ob Dredging Deal Inked FSUE Hydrographic Company and Mordraga have signed an agreement for reconstruction of the Gulf of Ob seaway canal where the Novatek’s Utrenny terminal is bein
Business & Finance
CSD Willem van Rubroeck Arrives in Poland
Jan De Nul Group’s largest cutter suction dredger (CSD) Willem van Rubroeck has successfully arrived at the Remontowa shipyard in Gdansk, Poland. The trip on board of the semi-submersible transport vessel ‘Hua Yang Long’ took 2.5 weeks. The vessel was unloaded offshore and then towed to the shipyard
Business & Finance
All Set for Cobourg Harbor Dredging
The Town of Cobourg, ON, will begin its annual spring removal of built-up sediment in the Cobourg Harbor in the following days. Each year, a significant amount of silt and sediment is carried along the north shore of Lake Ontario by waves and currents and deposited at the mouth of the harbor and wit
Business & Finance
Dredging Accident Caught on VIDEO
Dredging Today team has just found this frightening video of an accident during a dredging project. The man operating the excavator had just jumped out of the cab at the last minute. Unfortunately, equipment fails and drownings are common accidents among dredge workers. Each type of dredger uses spe
Business & Finance
Southeast Ohio Boat Ramp Projects Include Dredging
Three southeast Ohio boat ramps at Fox Lake, Tycoon Lake and Lake Rupert will receive renovations this spring, according to the Ohio Department of Natural Resources (ODNR) Division of Wildlife. Work is scheduled to begin this month and conclude by the end of August. The boat ramp at Tycoon Lake in G
Business & Finance
Completion of Parker Island Dredging in May
Dredging work in the area of Parker Island off Beach Haven is expected to be completed by Memorial Day weekend – Monday, May 25, The SandPaper reports. Commenting the latest announcement, Steve Schapiro, NJDOT spokesman, said that the 4.3-acre island, located in the bay west of Morrison’s Marina, is
Business & Finance
Frederikshavn: Removal of Old North Breakwater Underway
Removal of the old north breakwater has officially started, Port of Frederikshavn, Denmark, said in their latest announcement. The entire north breakwater incl. the breakwater head is to be removed in connection with the establishment of the new quay area by Østre Kaj, which is to create space for O
Business & Finance
VIDEO Mud Cat Busy in Colorado
Mud Cat Dredges has just released this beautiful video about their Mud Cat Model MC 40E Dredge, used to clean out a lake in Colorado. The MC 40E is pumping to multiple centrifuges for rapid mechanical dewatering on shore. According to Mud Cat, the radio remote control system allows the operator to m
Business & Finance
Dunedin Marina Dredging Set for June
Because of the dredging of shallow area, the Dunedin Marina boat ramp will close to the general public effective Friday, May 8, 2020. The City of Dunedin reported that they will begin dredging the marina on Monday, June 1st, with staging in the parking lot areas possibly starting a week prior. As re
Business & Finance
GLDD Wraps up Phase II of the Post Florence Renourishment Project
Great Lakes Dredge & Dock has successfully completed Phase II of the Post Florence Renourishment Project. According to the Carteret County Shore Protection Office, GLDD’s hopper dredge Ellis Island delivered the last load of sand to West Emerald Isle (“reach 2”) at approximately 1:30 pm, on April 29
Business & Finance
ORN Presents First Quarter 2020 Results
Orion Group Holdings, Inc. (ORN) yesterday reported net income of $2.7 million ($0.09 diluted earnings per share) for the first quarter ended March 31, 2020. “I want to sincerely thank our team members who are safely working at our project sites, yards, field support offices, and remote locations ar
Business & Finance
Maintenance Dredging in Homer (AK) Done
The U.S. Army Corps of Engineers, Alaska District has just announced the completion of maintenance dredging in Homer. According to the Corps, the District completed maintenance dredging in Homer on Monday in the U.S. Coast Guard berth of the harbor. “We initially estimated that 3,500 cubic yards of
Business & Finance
Bright Future Ahead of Royal IHC
A broad consortium of investors and industry partners from the dredging and offshore sectors and the existing international syndicate of banks of Royal IHC, including the three major Dutch banks, have reached a Heads of Agreement for the acquisition and refinancing. This gives Royal IHC, as an impor
Business & Finance
First Contract Awarded for the Rockaways
The U.S. Army Corps of Engineers, New York District has awarded the first contract for the East Rockaway Inlet to Rockaway Inlet and Jamaica Bay, New York Coastal Storm Risk Reduction Project. This is the first of several contracts that will provide nearly $600 million in federal investment for the