Mdfc Equipment Leasing Corp News

New Hopper Dredge for Great Lakes Company

Great Lakes Dredge and Dock Company announced it has commissioned Bay Shipbuilding of Sturgeon Bay, Wis. to construct a new trailing suction hopper dredge, to be called Liberty Island. The new dredge will have a capacity of 5,000 cubic meters and is part of a continuing investment program the company has undertaken to ensure the quality and longevity of its dredging fleet. The vessel is to be built by Bay Shipbuilding, a division of Manitowoc Marine Group, Inc., of Milwaukee. Construction is being financed by MDFC Equipment Leasing Corp. Liberty Island will bring to 45 the number of hulls Bay Shipbuilding has manufactured for the 110-year-old dredging contractor. Steel cutting for the first module is scheduled for February 15, 2000 and delivery is scheduled for fall of 2001.