The Union government has begun the process for strategic disinvestment in assets of public sector undertakings, including three units of Steel Authority of India (SAIL), one of NMDC Ltd and Ferro Scrap Nigam Ltd (FSNL).
His Highness Sheikh Mohammed Bin Zayed Al Nayan, Abu Dhabi Crown Prince and Deputy Supreme Commander of the UAE Armed Forces, visited as Chief Guest to India's 68th Republic Day Celebration at New Delhi on 26th January 2017, has inaugurated commencement of development works of India's First FSRU based LNG Import Port at Jafrabad, Gujarat, which is being implemented by the National Marine Dredging Company, Abu Dhabi.
The New South Wales government has announced an 8-million-Australian-dollar (six million U.S. dollars) coastal dredging strategy on Wednesday, aimed at improving the state’s ports and harbors.
Maintenance dredging of Ponce de Leon Inlet is scheduled to begin April 11 and provides an interim solution to sand deposited in the inlet by Hurricane Matthew. Dredging keeps the channel open for safe navigation for as long as possible through summer 2017.
United Arab Emirates stocks were lower after the close on Sunday, as losses in the Transport, Insurance and Finance & Investment sectors led shares lower.
At the close in Dubai, the DFM General fell 0.32%, while the ADX General index lost 0.52%.
P&O Ports,owned by the Government of Dubai, has won a 30-year concession for the management and development of a multi-purpose port project at Bosasso in the Puntland State of Somalia. The approximate investment for the modern multi-purpose facility will be USD $ 336m (approx. AED 1.235b) divided into two phases: USD $136 million (approx. AED500m) for Phase 1 and USD$ 200 million (approx. 745m) for phase 2.
Contract crews are beginning work on the final phase of dredging at the Ashland Project, where remediation is taking place in Chequamegon Bay.
Damen Shiprepair & Conversion (DSC) recently completed work in Vlissingen and Brest on two vessels in the fleet of dredging and marine construction specialist Jan de Nul Group. The first is Vole au vent, a 140m jack-up vessel built specifically for the installation of the latest generation of offshore wind turbines; the second is the trailing suction hopper dredger Leiv Eiriksson.