Business & Finance
Business & Finance
IADC Dredging in Figures 2022 report out now
The 2022 edition of Dredging in Figures, an annual review of the global open dredging market by the International Association of Dredging Companies (IADC) is now available. After two challenging years due to the COVID-19 pandemic, the working environment returned more or less to business as usual. W
Business & Finance
2023 WEDA Eastern Chapter next week
Next week, WEDA’s 2023 Eastern Chapter Meeting will be held at the DoubleTree by Hilton Jacksonville Riverfront. The meeting will begin on Tuesday, October 10th, with an optional Dredging 101 short course at 8 AM and a Dredging 201 Course at 1 PM, followed by an Ice Breaker Reception at 6 PM. On Wed
Business & Finance
Modernization of Port of Bujumbura in Burundi includes dredging
The African Development Bank Group and the European Commission have approved funding of over $52 million to renovate and modernize the Port of Bujumbura in Burundi. The port has deteriorated over the years due to lack of investment. This project will rehabilitate infrastructure, dredge the access ch
Business & Finance
DEME Group sees strong year ahead
DEME Group today presented the half-year results 2023, demonstrating strong and consistent performance of the company’s business operations. According to DEME, the first half was characterised by solid growth of the orderbook, revenue and EBITDA, despite having several large-scale projects in the Of
Business & Finance
NOAA: $240M available for habitat restoration and coastal resilience
NOAA has announced the availability of up to $240 million in funding for transformational projects that restore coastal habitat and strengthen community resilience. This funding has been made available through the Biden-Harris Administration’s Bipartisan Infrastructure Law and Inflation Reduction Ac
Business & Finance
Strong first half year for Boskalis
Royal Boskalis B.V. revealed today the first half-year results, with strong increase in revenue and earnings. As reported, Boskalis completed a good first half year. The utilization of the fleet was high and all divisions posted a higher revenue combined with a sharp result increase. Compared to the
Business & Finance
USACE finishing a strong first half of 2023
The United States Army Corps of Engineers (USACE) is snapping back from the doldrums of COVID-19. “The federal government is no different from state and local governments, nor the private sector when it comes to COVID-19 work related recovery and USACE is not an exception,” said William P. Doyle, Ch
Business & Finance
21 dredging projects get green light in Louisiana
The Louisiana Legislature has unanimously passed the 2023 Coastal Master Plan and the Fiscal Year 2024 Annual Plan, according to the Coastal Protection and Restoration Authority (CPRA). The projects identified in the 2023 Coastal Master Plan will restore and maintain over 300 square miles of Louisia
Business & Finance
ORN’s first quarter results fell short of the target
Orion Group Holdings, Inc. (ORN) yesterday announced first-quarter results that fell short of the firm’s projections. Contract revenues decreased 9.0% to $159.2 million from $174.9 million in the first quarter last year, primarily due to weather and customer delays in both businesses and a reduction
Business & Finance
GLDD improves first quarter performance
Great Lakes Dredge & Dock Corporation (GLDD) yesterday reported financial results for the quarter ended March 31, 2023, showing improvements in gross profit margins and adjusted EBITDA from the prior three quarters. “Despite facing continued challenges related to weather delays in the Northeast and
Business & Finance
CPRA to spend over $1 billion on dredging projects this season
The Louisiana Coastal Protection and Restoration Authority Board (CPRA) has voted unanimously to approve the 2023 Coastal Master Plan and the Fiscal Year 2024 Annual Plan. The Coastal Master Plan is a living document that is required by statute to be updated every six years. The plan incorporates th
Business & Finance
IADC Dredging and Reclamation Seminar coming in July
International Association of Dredging Companies (IADC) will soon hold their next big event, Seminar on Dredging and Reclamation in Delft. The five-day seminar will take place from July 3-7, 2023 at the IHE Delft Institute for Water Education, The Netherlands. Since 1993, IADC has provided this semin
Business & Finance
Cost Standards Indexation 2023 for dredging equipment
Construction Industry Research and Information Association (CIRIA) and International Association of Dredging Companies (IADC) have just released the annual indexation update (2023) for A guide to cost standards for dredging equipment 2009. The publication A guide to cost standards for dredging equip
Business & Finance
USACE awards JAXPORT $35 million harbor deepening refund
During the March JAXPORT Board of Directors meeting, the Army Corps’ Jacksonville District presented JAXPORT with a $35 million refund for unused prepayments from the recently completed Jacksonville Harbor Deepening project. JAXPORT is actively working with the City of Jacksonville and the State of