Business & Finance
Business & Finance
Sustainable Finance for Marine Infrastructure webinar in November
Together with representatives from B Capital Partners and Swiss Re, the International Association of Dredging Companies (IADC), Central Dredging Association (CEDA) and Vital Ports explored what is needed in order to improve the connection between green-labelled funds and sustainable waterborne infra
Business & Finance
Royal IHC extends cooperation with WEL
Ahmed Bashir, chairman of one of the largest private dredging company in Bangladesh – the Western Engineering Ltd (WEL) recently took a tour of the Royal IHC Kinderdijk yard. Currently, WEL has a fleet of around 40 cutter suction dredgers, half of which are IHC Beaver dredgers. According to Royal IH
Business & Finance
IADC provides an annual overview of the dredging market
International Association of Dredging Companies (IADC) recently presented the 2021 edition of Dredging in Figures, an annual overview of the global dredging industry’s performance in 2021. Compiled and published by IADC, Dredging in Figures offers insights into the key performance indicators. The 20
Business & Finance
Dredging International signs an important MOU with SCA
Egypt’s Prime Minister Mostafa Madbouli on Sunday attended the signing ceremony of a memorandum of understanding (MOU) on the restoration of the marine ecosystem of Lake Bardawil and the development of the Sinai Peninsula. According to the PM’s office, the MoU was signed between Suez Canal Authority
Business & Finance
Grant awarded for Lake Cathie dredging and beach nourishment
Important dredging and beach nourishment works along the Illaroo Road precinct will be undertaken by Port Macquarie-Hastings Council with a $235,000 grant from the NSW Government. According to Minister for Local Government, Wendy Tuckerman, the funding would be used for urgent sand nourishment. “Thi
Business & Finance
FIND grant for the City of Cocoa dredging project
The Florida Inland Navigation District (FIND) has presented grant checks to the City of Cocoa for recent projects at Lee Wenner park including the boat ramp dredging project. Thanks to the grants from FIND, the basin has been dredged and restored to allow for larger vessels to access the Cocoa Villa
Business & Finance
Funds secured for Staten Island dredging project
Congresswoman Nicole Malliotakis has announced that the Empire State Development Corporation will be awarded a $48 million federal grant to fund a dredging project in Staten Island’s Arthur Kill Terminal to make way for an offshore wind staging and assembly facility. The funds were secured through t
Business & Finance
Victoria continues to invest in boating infrastructure
The State Government is improving Victoria’s recreational boating experiences, with a new investment delivering a great day on the water for more Victorian families. As part of a $42 million package funded from boaters’ registration and licence fees, the investment – made as part of the Victorian Re
Business & Finance
DEME reports strong turnover and profit figures
Despite all the challenges the industry is facing this year, DEME Group managed to achieve strong turnover and healthy results in the first six months of 2022. According to the company, the Group turnover increased 21.5% to 1,291.7 million EUR as compared to the first half year of 2021, with all seg
Business & Finance
Great Lakes secures $107 million in new dredging contracts
Great Lakes Dredge & Dock Corporation (GLDD) announced yesterday the receipt of several major dredging awards totaling $107.0 million. The awarded work includes: Norfolk Harbor Navigation Improvements Project; Charleston Lower Harbor Maintenance Dredging Project; Tampa Harbor Maintenance Dredging 45
Business & Finance
Boskalis reports increase in revenue and earnings
Royal Boskalis Westminster N.V. has concluded a strong first half year with high utilization of the large vessels and a strong increase in revenue and earnings. In the Dredging & Inland Infra segment, revenue increased by 46% compared to the same period in 2021 with a similar increase in EBITDA resu
Business & Finance
GLDD expects stronger third-quarter results
Great Lakes Dredge & Dock Corporation (GLDD) yesterday reported financial results for the quarter ended June 30, 2022. According to Lasse Petterson, President and Chief Executive Officer, the second quarter results did not meet expectations as GLDD continues to face and navigate a challenging enviro
Business & Finance
Latest round of Massachusetts dredging grants
Earlier this week, the Baker-Polito Administration announced $3.2 million in grants to six dredging projects through the Massachusetts Dredging Program, established to promote the strength and sustainability of the Commonwealth’s coastal harbors through support of saltwater dredging. The announcemen
Business & Finance
DEME moving towards greener future
DEME Group, a marine engineering company with a global presence, has signed a €20 million sustainable financing agreement with BBVA. The loan is part of an extensive financing package that will enable DEME to finance further investments in its dredging and environmental activities. Based in Zwijndre