On the countdown to its centennial in 2014, the Panama Canal celebrates 14 years under Panamanian administration, characterized by its enhanced service to world maritime trade. “The Panama Canal has strengthened its role in international trade, while contributing to the country’s development,” said
The extraordinary shareholders’ meeting of Ackermans & van Haaren NV has on 25 November 2011 renewed the powers delegated to the board of directors to redeem shares for a period of 5 years. In the framework of these powers, Ackermans & van Haaren has concluded a liquidity contract with Kepler Cheuvr
The theme of the 2014 Maritime Economic Development Workshop (February 20 – 21, 2014, San Diego, CA) is “Tackling port economic development challenges and measuring effectiveness.” Port authorities and their private-sector partners invest a great deal of time and money into outreach and marketing ac
The Pasay City government has given the go-signal to SMLI to proceed with the reclamation project that the Henry Sy-led firm proposed in the first place. “We stand firm with our commitment to undertake and complete the 300-hectare reclamation project as stipulated in our Joint Venture Agreement (JVA
Chatham Rock Phosphate has appointed London corporate finance advisers Wimmer Financial to manage an international capital raising over coming weeks. The financing, by private placement, is likely to be determined by a book build process managed in conjunction with Wimmer Financial. The offering, fo
The Army Corps of Engineers will go out to bid in early January for a project to rebuild beaches and dunes at the severely eroded south end of Ocean City, according to Ocean City Business Administrator Mike Dattilo. The project is still on track to start in March or early spring, reports oceancity.p
On 31 December 2013, the concession for the management and operations at Zayed Port will be returned to the port authority, Abu Dhabi Ports Company (ADPC). The concession is being returned to ADPC in line with the original planning for port capacity for the emirate of Abu Dhabi. This planning was ou
Global Ports Investments PLC (Global Ports or the Company, together with its subsidiaries and joint ventures, the Group; LSE ticker: GLPR) announced that the Group has completed the acquisition of 100% of the share capital of NCC Group Limited (together with its subsidiaries, NCC Group), in a transa
General Electric Co. issued a report on the environmental dredging project the Company is conducting on the Upper Hudson River in New York State. The Company said its completion of the project — expected in 2016 — will fully resolve its remedial liabilities. Any liability for natural resource damage
New Port of Melbourne CEO Announced (Australia) The Victorian Coalition Government has announced that Nick Easy has been appointed as CEO of the Port of Melbourne Corporation, Minister for Ports David Hodgett announced. AvH Acquires Full Control Over DEME (Belgium) On December 24, 2013, Ackermans
Sunergy Inc. has announced that its management has returned from West Africa completing arrangements to commence dredging operations in Liberia and Sierra Leone under the supervision of Dredgemaster David Price. Mr. Price remains in Sierra Leone and is engaged in moving two dredges into operations l
The Point Judith Harbor east jetty in Narragansett, Rhode Island, will be repaired under the terms of a $627,000.00 contract issued recently by the U.S. Army Corps of Engineers, New England District. Work will be accomplished by Atlantic Support Installations, Inc., of Hopedale, Mass. Construction i
The Deputies Sergey Grinevetsky and Yuriy Kruk developed a bill that proposes creation of a special (free) economic zones in Odessa and Reni (Odessa region). Amendments to the Law “On special (free) economic zone «Porto-Franko» on the territory of Odessa Commercial Sea Port” and “On special economic
General Manager of Dredge Yard, Basel Yousef, recently presented his perspective on dredging market and what has led to a growing demand of dredge equipment in the Middle East. He believes that as a dredging equipment supplier, Dredge Yard has been quick to capitalize on the growing demand in the Mi