Dock Corporation News

There is no denying that 2023 was a challenging year for the U.S. offshore wind market. Citing macroeconomic factors including high inflation, rising interest rates, and supply chain bottlenecks, Ørsted announced on October 31 that they were ceasing the development of the Ocean Wind 1 and Ocean Wind 2 projects, which were scheduled for construction off the coast of New Jersey. Unfortunately, the troubling news has continued into the new year, with Equinor and BP announcing on…

Empire Offshore Wind, a joint venture between Equinor and BP, has terminated the contract awarded to Great Lakes Dredge & Dock Corporation and Van Oord for rock installation at Empire Wind 2 offshore wind project.In 2022, the Great Lakes and Van Oord consortium was contracted by Empire Wind to perform rock installation for the Empire Wind 1 and 2 projects with installation windows in 2025 and 2026, respectively. The Article 7 for Empire Wind 1 was approved by the New York State…

Great Lakes Dredge & Dock Corporation on Thursday announced the receipt of five dredging contracts totaling $173.7 million. The projects are in Texas, New Jersey, Florida and Louisiana.The Sabine-Neches Waterway Channel Improvement Project-Phase 1 (Capital, Texas, $62.8 million) includes dredging for channel deepening along the Sabine-Neches Waterway from Sabine Bank Channel to Sabine Pass Channel. The construction of the Sabine-Neches Waterway will generate widespread economic benefits for Southeast Texas…

Great Lakes Dredge & Dock Corporation announced its MARAD Title XI Financing application for its offshore wind rock installation vessel, the Acadia, has been updated to the "completed" category, indicating the loan process is moving towards the final phase.Lasse Petterson, Great Lakes president and CEO, said, “We have fostered a strong relationship with MARAD and are pleased to have reached this significant milestone in the application process. We continue to make great strides in our strategy to be a leading contributor in the evolving U.S.

The November edition of Marine News magazine highlighted a selection of the most notable American newbuilds delivered of 2023—from a first-of-its-kind green towboat, to the lead vessel in a series of game-changing ships to train U.S. mariners.Empire StateAs the lead vessel in a series of five new training ships being constructed to serve America's state maritime academies, Empire State is easily one of the most important U.S.-built vessels delivered in recent memory.Built by Philly Shipyard for the U.S.

U.S.-based dredging and marine services company Great Lakes Dredge & Dock Corporation on Monday announced it has been awarded a third rock installation contract to perform subsea rock cable protection on an offshore wind project off the East Coast of the United States. The project remains subject to the client’s final investment decision (FID).Great Lakes will use the first Jones Act compliant subsea rock installation vessel, the Acadia, currently under construction at Philly Shipyard in the U.S. to execute the project. The project scope includes procurement of rock from our U.S.

Houston-based dredging contractor Great Lakes Dredge & Dock Corporation announced it has taken delivery of the Cape Hatteras and the Cape Canaveral, the two Damen 3013 Multi Cats built by Conrad Shipyard in Morgan City, La.“This is a milestone for our company and the U.S. dredging industry,” said Chris Gunsten, Great Lakes’ senior vice president of project services and fleet engineering. “The Multi Cat brings step change safety improvements to Great Lakes’ dredge pipeline operations, which was a prime driver for the investment.

It’s a big deal when a U.S. president visits an American shipyard, and these trips always send a message. When President Obama spoke at HII’s Newport News Shipbuilding in 2013, he warned of the consequences of sequestration. President Trump’s 2020 speech at Fincantieri Marinette Marine touted a $5.5 billion naval contract that gave a welcome boost to the Wisconsin shipyard and its supply chain partners. Most recently, President Biden traveled to Philadelphia’s Philly Shipyard…

Houston-based dredging contractor Great Lakes Dredge & Dock Corporation announced it has been awarded a dredging and disposal contract in support of the Port Arthur LNG Phase 1 project.Great Lakes has been contracted by Bechtel Energy, the engineering, construction, and procurement company that’s managing the project in partnership with Sempra Infrastructure. The Port Arthur LNG project is a natural gas liquefaction and export terminal in Southeast Texas with direct access to the Gulf of Mexico.

Great Lakes Dredge & Dock Corporation has signed the first ever subcontract for rock procurement for a U.S. offshore wind farm with Carver Sand & Gravel LLC (“Carver”), a U.S. quarry in the state of New York.Through this subcontract, Great Lakes will use rock produced in the State of New York to provide scour protection for offshore wind turbine foundations, and substations at Equinor and BP's Empire Wind I and Empire Wind II wind farms. The rock will be quarried locally, transported to the quayside on the Hudson River…

Dredging contractor Great Lakes Dredge & Dock Corporation announced it has received a notice to proceed to perform essential improvements to the Brownsville Ship Channel for NextDecade Corporation’s Rio Grande LNG project.The company said it expects to start work for the project later this year, including deepening the entrance channel to the western end of the Rio Grande LNG property also known as Phase 1 of the Brazos Island Harbor Channel Improvements. The project also includes…

President Joe Biden traveled to Philadelphia on Thursday to attend a steel cutting ceremony for Great Lakes Dredge & Dock Corporation's new offshore wind rock placement vessel, touting his administration’s clean energy agenda and job creation efforts as the U.S. builds up its offshore wind industry. "The clean energy future we’re building all across America will be transformational,” Biden said during the ceremony at Philly Shipyard. “Thousands of families will rely on good jobs these projects create…

Great Lakes Dredge & Dock Corporation, a U.S.-based dredging services giant said Thursday it had secured two major dredging contracts in Texas, worth $186.6 million in total.The contracts are for Freeport Harbor Channel Improvement Project, Dredging Reaches 1, 2, and 4 ($157.4 million) and Galveston Entrance Channel and Houston Ship Channel Dredging Project ($29.2 million)The Freeport Harbor Channel Improvement Project entails deepening the channel to authorized depths of 51 to 56 feet, which will make Port of Freeport the deepest port in Texas.

Great Lakes Dredge & Dock Corporation, the largest provider of dredging services in the United States, announced the receipt of several major dredging awards totaling $138.8 million.The awarded work includes Trujillo Alto Design and Build for the Lago Loiza (Carraízo) Dredging Project (Maintenance, Puerto Rico, $93.1 million); Townsends Inlet to Cape May Inlet Project (Coastal Protection, New Jersey, $28.8 million); Palm Beach Harbor Maintenance Dredging Project (Maintenance, Florida…

With dredging business booming in the U.S., companies across the country invest in innovative new tonnage to get the job done more efficiently, effectively and safely. Chris Gunsten, SVP, Project Services & Fleet Engineering, Great Lakes Dredge & Dock (GLDD) and Patrick Webb, Senior Director Sales - Global Marine and Stationary, Wabtec discuss the tech inside the new Conrad-built trailing suction hopper dredge Galveston Island.Conrad Shipyard recently launched Galveston Island, the first of two newbuild hopper dredges being built for Great Lakes Dredge & Dock Corporation.

Great Lakes Dredge & Dock Corporation this week warned its fourth quarter 2022 revenues and gross profit margins are expected to be lower than previously anticipated.The company said in a press release that its Q4 results were impacted by the earlier than expected retirement of the Terrapin Island hopper dredge, significant weather delays on several projects in the northeast and some project production issues.In addition, unexpected drydocking scope increases resulted in additional costs and delays for the hopper dredges Ellis Island and Padre Island, Great Lakes said.

U.S. shipbuilding group Conrad Shipyard recently launched Galveston Island, the first of two newbuild hopper dredges being built for Great Lakes Dredge & Dock Corporation, the United States' largest provider of dredging services. The new 6,500-cubic-yard-capacity trailing suction hopper dredge is in the water and is scheduled to be in operation the first half of 2023 as planned, Great Lakes said in an update on Monday.The dredge will be equipped with a direct high-power pump-ashore installation, dredging system automation, dynamic positioning and tracking, U.S.

Great Lakes Dredge & Dock Corporation, the largest provider of dredging services in the United States, on Wednesday announced the receipt of several major dredging awards totaling $143.5 million with open options pending award of $102.9 million.The awarded work includes:South Atlantic Division Regional Harbor Dredging 2023 Project (Maintenance, Georgia, North Carolina and South Carolina, $26.6 million)Fire Island Inlet to Montauk Point, Contract 2 Project (Coastal Protection, New York…

The United States' largest dredging contractor Great Lakes Dredge & Dock Corporation on Wednesday announced the receipt of $107 million in new contract awards along the U.S. East Coast.The awarded dredging work includes: Norfolk Harbor Navigation Improvements Project (Capital, Virginia, $56.8 million), Charleston Lower Harbor Maintenance Dredging Project (Maintenance, South Carolina, $15.4 million), Tampa Harbor Maintenance Dredging 45-Foot Project (Maintenance, Florida, $13 million)…

Houston-based dredging contractor Great Lakes Dredge & Dock Corporation said it has appointed David Johanson to the position of SVP, Project Acquisition & Operations, and of Christopher G. Gunsten, P.E. to the position of SVP, Project Services & Fleet Engineering.Johanson and Gunsten will assume their new roles effective August 1, 2022. Their positions will fill the roles currently held by the Company’s Chief Operating Officer, David E. Simonelli, who is retiring on September 16, 2022.

Houston-based dredging contractor Great Lakes Dredge & Dock Corporation announced that its Chief Operating Officer, David E. Simonelli, will retire effective September 16, 2022. After his retirement, he will provide consulting services to the company.Simonelli, who has spent 44 years with Great Lakes, became the President of the company’s Dredging Division in 2010, and Chief Operating Officer in 2018.Lasse Petterson, Great Lakes' President and Chief Executive Officer, said, “Dave…

The United States' largest dredging contractor, Great Lakes Dredge & Dock Corporation, announced Tuesday that it has exercised its option to build a second 6,500-cubic-yard-capacity trailing suction hopper dredge (TSHD) at Conrad Shipyard in Amelia, La.Expected to be delivered in the first quarter of 2025, the new vessel will be a sister ship to the Galveston Island, presently under construction with delivery in early 2023.This newbuild is identical to the Galveston Island and will feature two 800mm suction pipes and will be able to dredge at depths of up to 100 feet…

Great Lakes Dredge & Dock Corporation reported a first-quarter net income of 11.1 million in the first quarter of 2022 an increase compared to first-quarter 2021 income of $8.8 million.Revenue for the quarter was $194.3 million, an increase of $16.7 million from the first quarter of 2021. The higher revenue in the first quarter of 2022 was due to higher domestic capital and coastal protection revenue, offset partially by a decrease in revenue from maintenance dredging, rivers and lakes…