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.

The launch ceremony of Shanti Sagar 17 – an 8,000m3 standardised trailing suction hopper dredger – took place on 31 March at Royal IHC's shipyard in Krimpen aan den IJssel, The Netherlands.

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.

China and the countries surrounding the South China Sea should set up a cooperation mechanism to boost exchanges in efforts ranging from disaster relief to safety of navigation, a senior diplomat said in comments reported on Monday.

 The Special Economic Zone Authority at Duqm (SEZAD) has awarded contracts totalling RO 705 million to date — a figure that is set to soar on the back of a plethora of new infrastructure and utility contracts due to be tendered out over the coming 12-plus months.
 

The year 2016 was a challenging one for Van Oord. Revenue decreased to an amount of EUR 1.71 billion (2015 EUR 2.58 billion) and net profits went down to EUR 90 million (2015: EUR 169 million)