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Offshore firm IHC hopes for return to profit
(nebusiness) Offshore engineering specialist IHC Engineering Business (EB) is “absolutely” confident of being back in profit this year after investment in new technology and the opening of a new site pushed it into the red. Figures just published by the Northumberland-based business show it made a pre-tax loss of £2.8m in the 12 months to September 30 last year, compared with a £2m profit in ...read full story...
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Flexible fallpipe vessel Stornes launched
(Van Oord) On 20 August 2010, flexible fallpipe vessel Stornes was launched at the CIMC Raffles yard in Yantai, China. A naming ceremony will be held at a later date. Final building operations will be conducted at the same yard. The ship is scheduled for completion in 2011 after which it will be operational on the offshore market.
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Orion Marine Group Announces the Christening of its Newest Dredge
(GlobeNewswire via COMTEX) -- Orion Marine Group, a leading heavy civil marine contractor serving the infrastructure sector, today announced the christening of its newest dredge the Linda LaQuay. Orion Marine Group will christen the dredge Linda LaQuay Friday morning, August 27, 2010, in its new north yard in Port Lavaca, TX. The dredge Linda LaQuay, is a 24" cutter suction dredge with the capability of dredging depths up ..read full story...
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Sand berm defense gets $60 million financing installment
(Nola) Louisiana received its third $60 million check from BP on Tuesday to pay a share of the cost of building berms along barrier islands, and the state's coastal czar again defended the controversial use of sand as an effective tool in capturing oil from the BP spill in the Gulf of Mexico ...read full story...
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Jan De Nul is awarded the Pacific Entrance North Access channel works
 On Monday August 16th Jan De Nul NV was awarded one of the last large tenders for the Panama Canal Expansion. Jan De Nul is already very active in Panama and is a.o. working on the construction of the new locks on the Panama Canal, one of the most prestigious infrastructure works in the world.
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ECNEC gives nod to dredging scheme under $ 1b Indian loan
(Thefinancialexpress-bd) he government Tuesday approved a project under the much-talked-about one-billion-dollar Indian credit aiming to procure dredgers for improving river draught on the Kolkata-Ashunganj water route to facilitate transshipment. The government's highest body on project approval -ECNEC-also endorsed the cross-border power transmission grid scheme, which would be ...read full story...
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Manila lawmaker probes Belgian dredger
(Allvoices) MANILA, Philippines- A militant lawmaker wants a Belgian dredging firm to be investigated on the controversial 3-million dredging contract in Laguna Lake. Anakpawis Rep. Rafael Mariano last week filed House Resolution No.203 directing the House Committees on Oversight and Aquaculture and Fisheries Resources to conduct an investigation on the P 18.7 billion loan agreement between the ...read full story...
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Port Otago confirms dredging to continue
(RNW) A group of surfers say plans by Port Otago to dump dredge sediment near Aramoana spit could spoil the area's world-famous surf break. Port Otago has confirmed it plans to dredge to widen and deepen the harbour to accommodate shipping. Waste from the dredging would be dumped at Taiaroa Heads, opposite the Aramoana spit. A local spokesperson for the Surfbreak Protection ...read full story....
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Jan De Nul once again lowest bidder in Panama
Jan De Nul NV is the lowest bidder for one of the last large tenders for widening and deepening the Panama Canal. Jan De Nul is already very active in Panama and is a.o. working on the construction of the new locks on the Panama Canal, one of the most prestigious infrastructure works in the world.
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Boubyan port project enters third stage
(kuwaittimes) KUWAIT: The Ministry of Public Works finalized preparations to launch the third stage of Phase One of the Mubarak Al-Kabeer port development project, reported Al-Rai. The stage is scheduled to begin at the start of next year, announced the head of the advisory studies division of the major projects department, Sorour Al-Otaibi yesterday. The third stage of the project includes expanding the ...read full story...
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Tuesday, 31 August 2010 |
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(Port Strategy) There’s no doubt many port and terminal operators were dismayed to find they had land reclamation contracts carefully poised on a set of assumptions that fell apart when the global economy changed overnight. However, APM Terminals Pipavav managed to pull off an impressive hat-trick despite having signed the contracts for the civil works just as the downturn bit. The project ...read full story... |
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Trelleborg supports worlds first full scale floating wind turbine |
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Monday, 30 August 2010 |
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(Subseaworld) Statoil’s innovative new offshore floating Hywind wind turbine, now successfully moored in the North Sea off the Norwegian coast, is demonstrating how Trelleborg Offshore’s syntactic foam buoyancy technology is contributing to the future of offshore power generation. “It is subsea technology that has already been extensively proven,” commented Gary Howland, Renewables ...read full story... |
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India to triple port capacity |
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Monday, 30 August 2010 |
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(btimes.com.my) MUMBAI: India, Asia's third biggest economy, plans to triple port capacity within a decade as it tackles infrastructure deficiencies that threaten to damp growth. The country needs "urgent action" to ensure that it has sufficient seaport capacity, Secretary of Shipping K. Mohandas said in an interview last Wednesday in his office in New Delhi. "Ports are very important to India's economic growth." The government ...read full story... |
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Chile needs to speed up port investment process |
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Monday, 30 August 2010 |
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(Port Strategy) Ricardo Sanchez, head of the Infrastructure Services Unit of the Economic Commission for Latin America, says Chile faces a 14.4% annual traffic growth in its ports in the near future. If this growth continues, Chile will have to duplicate existing port capacity over the next five years. Despite the fact that $1bn has been ...read full story... |
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CFE raises 2010 outlook, boosted by dredging |
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Friday, 27 August 2010 |
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(Reuters) - Belgian building company CFE (CFEB.BR) on Thursday raised its outlook for 2010 after a strong performance by its dredging unit boosted its first-half earnings and orders picked up again. CFE, a group of construction companies which also has a 50 percent stake in dredger DEME, said dredging revenue rose 37 percent in the first six months of 2010. Revenue from construction dropped 9 percent due to very ...read full story... |
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Flexible fallpipe vessel Stornes launched |
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Friday, 27 August 2010 |
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(Van Oord) On 20 August 2010, flexible fallpipe vessel Stornes was launched at the CIMC Raffles yard in Yantai, China. A naming ceremony will be held at a later date. Final building operations will be conducted at the same yard. The ship is scheduled for completion in 2011 after which it will be operational on the offshore market. |
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France: 10bn Euro offshore wind plan sets sail |
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Friday, 27 August 2010 |
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(businessgreen.com) The French government is set to announce plans for a €10bn (£8.2bn) offshore wind farm building programme that will see 600 wind turbines erected at 10 sites off the coast of France over the next five years. An unnamed official told reporters yesterday that ministers were putting the finishing touches to the plan and would launch a tender for contracts to build and operate the wind ...read full story... |
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Orion Marine Group Announces the Christening of its Newest Dredge |
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Friday, 27 August 2010 |
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(GlobeNewswire via COMTEX) -- Orion Marine Group, a leading heavy civil marine contractor serving the infrastructure sector, today announced the christening of its newest dredge the Linda LaQuay. Orion Marine Group will christen the dredge Linda LaQuay Friday morning, August 27, 2010, in its new north yard in Port Lavaca, TX. The dredge Linda LaQuay, is a 24" cutter suction dredge with the capability of dredging depths up ..read full story... |
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Builder BAM rebounds from Dutch downturn |
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Thursday, 26 August 2010 |
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(Forexyard) AMSTERDAM, Aug 26 [Reuters] - Royal BAM, the largest Dutch construction group, posted a 21 percent rise in first-half net profit on Thursday as it cut its property losses and improved margins in public-private partnerships (PPPs). Contractors in the Netherlands have had to keep a laser-sharp focus on margins to remain profitable. Construction output in the country shrank 9.8 percent year-on-year in ...read full story... |
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Move up schedule for beach renourishment |
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Wednesday, 25 August 2010 |
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(Newburyportnews) Yesterday's nor'easter provided vivid testimony of the need to get the beach renourishment project going as soon as possible. Fortunately, there's an opportunity to move the schedule forward, and our local officials ought to see that it happens. Yesterday, high winds and pounding surf smashed against the sandbag barrier that has held the Plum Island Center beachfront together for the past ...read full story... |
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Pact with Liberia for infrastructure to export iron ore |
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Wednesday, 25 August 2010 |
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(SteelGuru) Vale announces that VBG, Vale BSGR Limited, Vale's JV with BSG Resources Ltd, entered into an agreement with the government of the Republic of Liberia setting forth the main terms and conditions to be included in a definitive agreement upon which a Liberian subsidiary of Vale BSGR shall implement an infrastructure project in Liberia comprising principally the development, financing, operation, maintenance ...read full story... |
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DEME reclamaims site of Olympic Winter Games 2014 in Sochi, Russia |
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Wednesday, 25 August 2010 |
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Zwijndrecht – 23 August 2010. The Belgian dredging, marine engineering and environmental Group DEME, has been awarded a contract for dredging, transport over a distance of 120 km. and reclamation works to prepare the Imeretinskaya Lowland area at Sochi for construction of the Olympic village for the 2014 Olympic Winter Games. |
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