The Port of Tyne yesterday announced its best ever financial results. A massive rise in the volume of cargoes coming in and out of the River Tyne resulted in the Port’s turnover increasing by almost a third to £60 million and profit more than doubling to £9 million. This financial performance is the
The U.S. Army Corps of Engineers began a five-month, $6.5 million maintenance dredging project May 2, 2012 when a clamshell dredge started removing up to 350,000 cubic yards of material in an effort to restore safe navigation to federal channels in lower Newport Harbor. The contractor, R.E. Staite E
Ricardo Menéndez, the Venezuela’s industry minister, has inked a contract with China Railway Engineering Group (CREG) to begin works to increase the capacity at state iron ore producer Ferrominera Orinoco’s (FMO) Palúa port. “The agreement is for US$112mn to begin the basic engineering works for the
Honeywell International Inc. has hired Peter Alberti as an adviser for emergency preparedness during the company’s cleanup operations on Onondaga Lake, according to syracuse.com. Alberti will join a team of professionals from the Parsons, O’Brien & Gere and Anchor QEA engineering companies, who have
Boskalis realized a slightly higher revenue in the first quarter of 2012 compared to the same period last year. In recent months, market circumstances remained challenging with continued pressure on revenue and margins. For the combined Dredging and Dry Infrastructure segment revenue for the first q
Baltic Container Terminal (BCT), International Container Terminal Services, Inc.’s (ICTSI) subsidiary in Poland, recently entered into a credit facility agreement for US$46.5 million with Bank Pekao S.A for the modernization of the terminal in Gdynia. The facility consists of a 10-year capital expen
The Central Government has taken various steps to increase Inland Water Transport (IWT) including development of National Waterways and providing the required inland water transport infrastructure. Further, for development of waterways of North Eastern Region, there is a central sector plan scheme u
The European Investment Bank has formally agreed to provide the final part of EUR 900m overall funding to support investment by the Port of Rotterdam Authority in port infrastructure, of which Maasvlakte 2 is by far the most important. The European Union’s long-term lending institution has funded la
Port Hedland is a key export location for Australian iron ore exports. BHP Billiton is undertaking development of a 100-million-tonne-a-year outer harbour expansion at the port. GHD, a global engineering and environmental services firm, commissioned the system in order to provide marine water qualit
The Union Minister of Shipping, Shri G.K. Vasan has informed the Rajya Sabha today in a written reply to a question that as per the provisions made in the Maritime Agenda, 2010-2020 a number of ambitious projects have been formulated for the major as well as non-major ports with a view to create cap
Sierra Rutile Limited has announced its results for the year ended 31 December 2011. Key Highlights: – A successful year of transition and progress. – Revenue increased 25% to US$55.0 million in the year (2010: US$43.9 million). – EBITDA1 of US$0.1 million (2010: US$(0.8) million). – 2011 rutile pro
As Merco Press reports, Uruguay is particularly interested in the dredging of the Martin Garcia canal, one of the two River Plate navigation accesses. At the end of April Argentine Foreign Minister Hector Timerman visited Montevideo and announced that the dredging of the Martin Garcia canal would be
The Hudson River cleanup project yesterday entered its third year of dredging. As during the 2011 season, three to four dredges will be working at any given time, 24 hours a day and six days a week, until early November, according to Mark Behan, a spokesman for General Electric Co. Behan said the we
The Whitefish River cleanup project is set to resume this month, according to flatheadnewsgroup.com. The work will make its way down river this summer and use a new hydraulic dredge that’s expected to make work quicker. Jennifer Chergo, with the U.S. Environmental Protection Agency, said crews will