BAM Divests Van Oord Share

February 7, 2012

BAM Groep nv (BAM) announced in December that it had transferred its 21.5 percent share in Van Oord nv to a consortium consisting of three Dutch investment companies (Janivo Breedinvest Rinkelberg) and one Belgian investment company (Cobepa). Read More

Vulcan Materials Co (NYSE: VMC) a major worldwide producer of sand gravel and other construction materials said on December 22 that it had rejected Martin Marietta Materials Inc.s (NYSE: MLM) hostile takeover bid which valued the company at about $5 billion. Read More

The Central Dredging Associations (CEDA) Dredging Days 2011 took place on November 10-11 with 280 dredging experts from more than 20 countries attending. It was held in conjunction with Europort 2011 at the Ahoy Exhibition Center in Rotterdam the Netherlands. Read More

The Association for Corporate Growth (ACG) Maryland Chapter has awarded its Deal of the Year Award to Ellicott Dredge Enterprises LLC for its purchase of selected assets from Rohr Corporation. Read More

The Western Dredging Association (WEDA) Pacific Chapter met in Portland Oregon on October 26 through 28 presenting Corps of Engineers contracts planned for 2012 and a full schedule of technical talks about dredging projects in the region. About 160 people attended the conference 40 more than were expected. Allen Churchill incoming president urged those planning to attend the 2012 meeting in Alaska to register early even if they are just probably coming as accurate numbers will be important in that remote area.Wednesday October 26th was devoted to a Corps/dredging Read More

Eni SpA Sells TAG Stake

February 7, 2012

Italys energy group Eni SpA has completed the sale of its majority stake in the TAG pipeline which brings Russian gas to Europe Eni said in a statement in January. Read More

Katie Worth has joined the International Dredging Review (IDR) staff as reporter for Central and South America starting with the January/February 2012 issue.From her residence in Santiago Chile she will cover dredging-related news in Central and South America. Her first article on expansion of the Rio de la Plata river system appears in this issue. She will write a roundup of short items of dredging news in Latin America to appear in each issue. Read More