AMSTERDAM (Dow Jones)–Dutch maritime services company Smit Internationale NV (SMIT.AE) said Friday it expects the due diligence by dredging company Royal Boskalis Westminster NV (BOKA.AE) to be finished by the end of this year… Source: Wall Street Journal, December 4, 2009;
CEO of Orion Marine Group Inc. (ORN) James Michael Pearson sold 19,897 shares of ORN on 11/23/2009 at an average price of $19.48 a share… Source:Gurufocus, December 3, 2009
A Beirut developer planning an $8-billion artificial island off Lebanon says it is not worried by the debt debacle of Nakheel, the real estate developer behind Dubai’s similar man-made Palm Islands that revealed last week it needs more time to pay it debt… Source: Maktoob, December 3, 2009
After international construction and development major Dubai World failing to repay its huge pile of debt on time, the state of its bids for development of container terminal berths at major ports in India may come under the scanner… Source: Indian Express, November 28, 2009
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
