DEME (AvH 50%) realized a clear increase of turnover and operational result in the first quarter of 2010, thanks to a good level of activity. The order book remained more or less stable and amounted to 2,060 million euros at the end of March, compared to 2,122 million euros end 2009.
In March, DEME started the major dredging works for the London Gateway container terminal for DP World. The project, which represents a value of approx. 442 million euros, has to be finished by the end of 2014.
In Russia, Tideway was awarded two new contracts for rock placement at large depth, which will start in 2011.
The new fall pipe vessel Flintstone (capacity of 19,000 tonnes and working at record depths of up to 2.000 meters), which was recently launched in Singapore, will be used for these projects.
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Source: deme