SmarTrend identified a Downtrend for Great Lakes Dredge & Dock (NASDAQ: GLDD) on February 05, 2010 at $5.43. In approximately 4 weeks, Great Lakes Dredge & Dock has returned 18.4% as of today’s recent price of $4.43… [mappress] Source: Trading Markets, March 2, 2010
The first phase work for construction of the deep-sea port in Sonadia Island is likely to be completed by 2015 with an estimated cost of Tk 15,000 crore, Shipping Minister Shahjahan Khan told the House yesterday… [mappress] Source: The Daily Star, March 2, 2010
When the term “shovel-ready” was first applied to federal stimulus projects, most people didn’t envision gargantuan claws, pneumatic scoops and massive vacuum equipment that pound, gouge and inhale more than 40 feet under water. But that’s the nature of an ongoing project on the Columbia River… [map
The bitterly contested deepening of the Delaware River’s shipping channel officially began at noon yesterday, in water near Delaware City, Del… [mappress] Source: Philly.com, March 2, 2010
Abuja — Minister of Transport, Mr. Ibrahim Isa Bio yesterday gave more clarity has on the raging controversies surrounding the dredging of the Lower River Niger project, generated by the recent media reports that the Federal Government has suspended the Lower River Niger Dredging by… [mappress] Sour
The Navy has awarded an $824.6 million contract to General Dynamics NASSCO in San Diego to build the service’s last two ships in the Lewis and Clark class, the company said yesterday. Construction of the Medgar Evers and the unnamed final vessel is scheduled to begin this year, with delivery to the
Production at the UK Don Southwest is ready to restart after drilling of a third production well partner Valiant Petroleum has said while a regrading of field reserves has also been carried out. After drilling a new production well on Area 22 within the Don Southwest field with the Transocean John S
More than 40 per cent of British-flagged shipping capacity could move elsewhere unless the government’s equality bill is amended, a shipowners’ trade body has warned. The Chamber of Shipping is concerned that equal pay provisions in the bill, going through parliament, appear to apply to British-flag
A Dutch government proposal to make TenneT responsible for a planned offshore electricity transmission grid will enable “optimal integration” of the Dutch network with the wider European network. According to Utility Week, TenneT, which is responsible for the management of the Netherlands’ high volt
After more than two decades of debate and lawsuits, on Monday an Army Corps of Engineers dredge contractor carved away the first loads of silt in a $310 million project to deepen the Delaware River shipping channel. But minutes after the dredging pipe was scheduled to bite into the river bottom, New
Three days after the MSC Magnifica flag ceremony at the STX Europe shipyard in Saint-Nazaire (France), MSC Cruises signed a letter of intent for the delivery of a new ship in June 2012, to join the eleven new vessels built over the past seven years. MSC Cruises’ worldwide CEO, Pierfrancesco Vago, sa
Approaching pre-GFC levels, total trade through the Port of Melbourne increased 9.5 percent in January compared with the corresponding month the previous year, according to the Port of Melbourne Corporation (PoMC).
Danish forces boarded and sank a pirate control ship as part of Nato operations off the coast of Somalia. The Absalon, a Danish attack support ship, sank a pirate control ship off the coast of Somalia on Sunday, according to a Nato press release.
Intra-Asia boxship operator Samudera Shipping Line says the potential reactivation of idle containership capacity is casting a cloud over the industry. The Singapore-listed group saw revenue decline 25.5% to US$330.2m in 2009, as income from container operations dropped more than 30% to $273.6m as a
