DEME, Van Oord Win $580 Million Contract With Gladstone Ports

Dredging Environmental & Marine Engineering NV and Van Oord Groep NV won a second dredging contract, valued at A$545 million ($580 million), for the development of the Gladstone liquefied natural-gas projects.

Queensland Gladstone Ports Corp. awarded the contract to a joint venture of Dredging International (Australia) Pty Ltd. and Van Oord Australia Pty Ltd., Zwijndrecht, Belgium-based DEME and Van Oord, based in the Dutch city of Rotterdam, said in e-mailed statements today. Dredging works will start after completion of the first contract, valued at A$260 million, in March 2012 and end in December 2014, according to the statement.

To contact the reporter on this story: John Martens in Brussels at

To contact the editor responsible for this story: Angela Cullen at

Bloomberg reserves the right to edit or remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.