International Dredging Review

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GLDD Releases First Quarter Financial Results

Great Lakes Dredge and Dock (GLDD) released its financial results for the first quarter ending March 31. Revenue was reported at $146.6 million, net loss from continuing operations of $9.3 million and Adjusted EBITDA from continuing operations of $11.7 million. Excluding the charges relating to previously announced restructuring, for the three… Read More

GISL and DPS Form Partnership

Dredge Pump Solutions (DPS), a specialized division of MvO International based in The Netherlands, and Belgium company Global Industrial Sourcing & Logistics (GISL) have partnered to enhance opportunities in the emerging Asian dredging market. The companies will focus on Indonesia, Bangladesh and other Asian countries,… Read More

Foth Companies Acquires CLE

Wisconsin based Foth Companies, a science and engineering consulting firm, has acquired the assets of CLE Engineering Inc. CLE is an engineering consulting firm headquartered in Massachusetts, with offices in California. Foth is an employee-owned, science and engineering consulting firm providing services for infrastructure,… Read More

Wärtsilä Acquires Transas

Wärtsilä has acquired global marine navigation solutions manufacturer Transas of the United Kingdom. Established in 1990, Transas produces bridge systems, digital products and electronic charts, and also provides professional training and simulation services, ship traffic control, monitoring and support. The company has created a… Read More

JUST PUBLISHED: “FACTS ABOUT COASTAL PROTECTION”

According to the conclusions of the Fifth Assessment Report (AR5) by the Intergovernmental Panel on Climatic Change (IPPC) sea levels are expected to continue to rise in the foreseeable future. That means that protecting coastal communities is a real challenge since half the world’s population lives near vulnerable coastlines. … Read More