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“Like all prudent operators, we will look into the ad- vantages and disadvantages of whatever changes the new administration will bring (or not) and make an informed decision based upon a number of different fac- tors; all of which will hopefully result in the continued success of Donjon Marine.”

John Witte, Jr., Donjon tion dredge built 2012). This unit was a capacity of 33,000 cubic meters, has Its 2016 built cutter suction dredge will hopefully result in the continued also deployed on a 2013 project at Rock- been deployed at in the construction of Biesbosch was employed in the Zeetoe- success of Donjon Marine.” away Beach following Hurricane Sandy. a new port at Nador, Morocco funded by gangIJmond project, the construction of When asked about the role of ITC’s at

And in late 2016, two GLDD hopper the European Bank for Reconstruction the new sea lock at Ijmuiden. Along with GLDD, going forward, Mr. Hanson said: dredges, Dodge Island and Padre Island, and Development (EBRD) and the Arab GMB, another Dutch provider, Van Oord “I don’t think there have been enough were ? lling in a depleted beachfront at Fund for Economic and Social Develop- has been a lead contractor on the Dutch speci? cs to really comment on this.”

Dewey Beach and Rehobeth, Delaware. ment (AFESD). “Room for the River” program, a nation- Nevertheless, he was quick to mention

Farther a? eld, the international mar- In Kuwait, the Dutch ? rm of Van al ? ood protection effort in low-lying the newbuild soon to be completed at ket sees demand for the biggest units Oord has been a contractor to Kuwait river areas. To that end, Van Oord also Eastern Shipbuilding, and told MLPro, supported by mega-projects. In its 2016 National Petroleum Company in a 65 has equipment working at Maasvlakte, “We recently launched our new hop- report, Dredging in Figures, the Inter- million cubic meter reclamation project near Rotterdam. per dredge, the Ellis Island and plan to national Association of Dredging Com- for construction of a “green? eld” port at Van Oord has also played a role in continue to invest in new equipment, so panies (IADC) notes: “Despite the slow Al-Zour that will serve a new re? nery international beach replenishment proj- yes, ITC’s would theoretically help us growth and ? uctuations in the world’s producing low sulfur fuels and petro- ects. In Spain, the contractor has recently make investment decisions. Obviously economy, the dredging industry’s turn- chemicals. Two suction hopper dredges completed projects at Barcelona and La we are monitoring these developments over in 2015 (excluding the “closed have been used on the project. In a joint Pineda. Work at Playa de Castillo (in the and appreciate the new administration’s markets” of China and U.S.) increased venture with Boskalis, Van Oord’s trail- Canary Islands) is also ongoing using interest in infrastructure and U.S. manu- to €7.115 billion compared to €6.415 ing suction hopper dredger Vox Maxima the small trailing suction hopper dredger facturing and U.S. job creation that is billion in 2014 – mainly as a result of is in the midst of a three year project “Costa Verde” acquired in early 2016. critical to us.” Ultimately, however, gov- the sizable Suez Canal expansion project where 20 million cubic meters of sand This new addition to the Van Oord ? eet ernment incentives don’t relieve busi- (€1.1 billion).” will be used to create an arti? cial island was recently named, after the coast of nesses of their roles to manage balance

The Suez Canal expansion, a major de- for residential use kin the bay near high- Asturia in northern Spain. In describing sheets, a point emphasized by Mr. Witte, mand driver with 180 million cubic me- ly crowded Jakarta, Indonesia. Van Oord this asset, Van Oord said: “With its small who said simply, “Donjon was built ters of material dredged has now com- will be part of a consortium working on dimensions and shallow draft, the ship based upon the simple principle that you pleted, but other projects still provide the West Nile Delta project, which will is very well-suited to the shallow water do the work you are capable of with, for work for the major international players. tie offshore gas drilling to an onshore and smaller harbours that dominate the the most part, equipment that you own.

The large port projects have bene? ted facility at Burrulus, near Alexandria, in Mediterranean market.” We look to add equipment based upon from funding sourced from the large in- Egypt. Van Oord will also deploy a trail- need and our ability to purchase what we ternational development banks. ing hopper suction dredge as part of the Closer to Home, Looking Ahead need. Debt, while a simple fact of life, is

The biggest projects can be seen by landfall portion of the project in 2017. In In the United States, policy changes something that we try very hard to ag- tracking the ? eet of Jan De Nul, a large a two year project in Kingston, Jamaica on the horizon may bode well for invest- gressively manage.” Assuming the de-

Belgian contractor with noteworthy – where loc al authorities hope to capi- ment in maritime equipment, if the pro- velopments inside the Beltway continue units, including Cristóbal Colón and talize on larger containerships entering posed investment tax credits (ITCs) take produce positive news and that IADC’s

Leiv Eriksson, trailing suction hopper the Caribbean from Asia – Jan de Nul’s shape in an actionable way, but it’s too annual projections and recap of the pre- units with a capacity of 46,000 cubic cutter suction units Marco Polo and Pe- early to draw a ? rm conclusion. Donjon’s vious year are correct – and typically, meters (equivalent to the cargo intake dro AlvaresCabrál will be deepening the Witte noted, “Like all prudent operators, they do a very good job – there is a lot to of a Handysize bulk carrier), working channel and the port basin. we will look into the advantages and dis- look forward to; here and abroad.

on a reclamation project where a Free Dike reinforcement, vital in the Neth- advantages of whatever changes the new Bigger and deeper ships are coming,

Trade Zone is being expanded at Lagos, erlands where ? ood protection and water administration will bring (or not) and and further inland, the barges need to

Nigeria (funded by Chinese develop- management are paramount concerns, make an informed decision based upon a move those products to the deepwater ment banks). The Vasco da Gama, with is an important segment for Van Oord. number of different factors; all of which gateways. There’s a dredge for that.

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