The two Belgian dredge contractors which built the Palm Islands and other prestigious projects have still tens of millions of euros to invoices outstanding with Dubai World and its ailing subsidiaries in the project. It’s are DEME and Jan De Nul Dredging… Source: De Morgen, November 27, 2009;
The quantity dredged is about 4 million cubic metres and the contract value is about Rs.29.7 crores… Source: The Hindu, November 28, 2009
The government of Maldives has obtained a loan of 34.5 million Euro from a Dutch bank to develop harbors in three islands… Source: Miadhu News, November 26, 2009
The International Convention for the Safety of Life at Sea (SOLAS) rules are being implemented and single hulled tankers have been phased out. This would result in a large fleet of vessels going out of service by the year 2010-12… Source: Daily News, November 27, 2009;
ROTTERDAM – Bert Groothuizen, spokesman of Dredging company Van Oord said Thursday that they are not affected by the financial turmoil around Dubai World, the state owned project developer… Source: De Financiele Telegraaf, November 26, 2009
AMSTERDAM – Royal Boskalis Westminster nv is not active in Dubai and is therefore not affected by the current financial problems in the country, said a spokesman from the dredging contractor Thursday… Source: Financieel Dagblad, November 26, 2009
According to MEED (Middle East Business Intelligence) Bahrain’s local real estate developer Manara Developments has awarded US-based Great Lakes Dredge & Dock Company an estimated BD10m ($26m) contract… Source: MEED, November 24, 2009 / Gulf Daily News, June 29, 2oo9
Wrightsville Beach could get sand in its stocking this Christmas… Source: Lumina News, November 25, 2009
A private investment group led by Highstar Capital has agreed to invest as much as $1.3 billion to expand the Port of Baltimore as ports in the eastern U.S. push to make changes needed to serve a new generation of supersize cargo vessels… Source: The Wall Street Journal, November 21, 2009
Subtech has once again made history when they removed the last section of the sub-aqueous tunnel from beneath the Durban harbour mouth. This is the first time that a sub-aqueous tunnel has been removed in its entirety… Source: Subtech
WASHINGTON — Manson Construction Co., Seattle, won a $3,751,000 federal contract from the U.S. Army Corps of Engineers, Savannah, Ga., for maintenance dredging. Place of performance will be at Charleston Entrance Channel, Charleston county, S.C… Source: Targeted News Service, November 24, 2009
Work on the deepening of Liepaja Port has begun, LETA was informed by the Liepaja Special Economic Zone’s public relations specialist Liga Ratniece-Kadege. The work is being carried out by Belgian company Dredging International N.V… Source: Baltic Zone, November 25, 2009;
Shipbuilder IHC Merwede BV closes in mid March 2010 the slope of the former Merwede Shipyard in Rivierdijk Hardinxveld-Giessendam indefinitely… Source: Het Kompas, November 24, 2009
Banks in Europe are breathing easy after it was confirmed much of the continent has emerged from recession… Source: Associated Press, November, 2009;
