Great Lakes Dredge And Dock
Great Lakes Dredge And Dock News
Great Lakes Dredge & Dock Q3: Profit Up, Revenue Slightly Miss
Great Lakes Dredge & Dock Corporation (Nasdaq: GLDD), the largest U.S. dredging contractor, reported third-quarter 2025 earnings that topped profit estimates but came in just shy of revenue expectations, reflecting steady operations amid a cooling federal project environment and a shrinking backlog.The company reported revenue of $195.2 million, a modest 2% increase from last year’s $191.2 million but below analyst estimates of around $200 million.
Great Lakes Dredge & Dock Takes Delivery of Hopper Dredge
Great Lakes Dredge & Dock, the largest provider of dredging services in the United States, has taken delivery of its newest Jones Act-compliant hopper dredge, the Amelia Island from the Conrad Shipyard in Morgan City, Louisiana.The Amelia Island is specially designed for efficient and safe operations along shallow and narrow waters throughout all U.S. coastlines. The vessel is approximately 346 feet in length, 69 feet in breadth, 23 feet in depth with 16,500 total horsepower installed.
Philly Shipyard Lays Keel for Great Lakes' Subsea Rock Installation Vessel
Philly Shipyard has laid the keel for Great Lakes Dredge & Dock Corporation's subsea rock installation vessel, Acadia—the first Jones Act compliant rock placement vessel for the U.S. offshore wind industry.A May 2 keel-laying ceremony saw the vessel's first grand block loaded into the building dock, marking a significant milestone in the shipbuilding process.Great Lakes' CEO, Lasse Petterson, said…
Great Lakes, Van Oord Receive Rock Installation Contract Termination
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.
Great Lakes Bags $173.7 Million in New Dredging Contracts
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.
Marine News' Top Vessels of 2023
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…
Great Lakes Awarded USACE Dredging Work in Georgia
Houston-based dredging contractor Great Lakes Dredge & Dock has been awarded a contract from the U.S. Army Corps of Engineers to perform maintenance dredging in Saint Marys, Ga.Great Lakes was one of two bidders for the project, securing the $18,645,500 firm-fixed-price contract from USACE's Jacksonville District.Work is estimated to be completed by June 28, 2024.
Great Lakes Wins Dredging Contract for Port Arthur LNG Project
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.
New York Quarry to Provide Rock for Empire Wind Offshore Projects
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.
GLDD Preps for its New Hopper Dredge Galveston Island
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…
Conrad Launches Great Lakes' New Hopper Dredge
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…
Great Lakes Announced $143.5 Million in Dredging Contracts
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…
Alewijnse Equips Great Lakes Dredge Liberty Island
Electrical systems integrator Alewijnse has delivered its newest dredge control solutions to Great Lakes Dredge & Dock Co, the largest provider of dredging services in the U.S.The systems were installed on board the Liberty Island, a large trailing suction hopper dredger, which was deployed immediately after completion for a beach replenishment project in Buxton, N.C."Our proven systems for suction tube monitoring and hopper loading deliver maximum added value to our customers…
Great Lakes Dredge and Dock Awarded Fire Island Dredging Contract
Houston-based dredging contractor Great Lakes Dredge and Dock Co. has been awarded a contract from the U.S. Army Corps of Engineers to perform dredging near New York's Fire Island.Great Lakes was the sole bidder for $24,498,050 firm-fixed-price contract for construction of the Fire Island Inlet to Montauk Point dredging Moriches and Shinnecock Inlets.Work will be performed in Bay Shore, N.Y., with an estimated completion date of March 17, 2023.
Great Lakes Dredge & Dock COO Simonelli to Retire
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 Dredge & Dock's 1Q Profit, Revenue Rise
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…
Great Lakes Dredge & Dock, Van Oord Win Empire Wind Rock Installation Project
Houston-based Great Lakes Dredge & Dock Corporation on Monday announced it has been selected with Dutch offshore services firm Van Oord to perform the subsea rock installation work for Equinor and bp's Empire Wind I and II wind farms off the U.S. East Coast.Great Lakes will use the first Jones Act compliant subsea rock installation vessel, currently under construction at the Philly Shipyard in the U.S.…
U.S. Offshore Wind: GLDD Orders Huisman Rock Installation Equipment for Newbuild Vessel
U.S.-based Great Lakes Dredge & Dock Company (GLDD) has ordered rock installation equipment from the Dutch company Huisman.The equipment will be installed on the GLDD's newbuild rock installation vessel, which will support the development of offshore wind in the U.S.Huisman said it has optimized the equipment for installing scour protection necessary for offshore wind applications. This includes, for example…
Great Lakes Reports $132.3 Million in Dredging Contracts
Houston-based dredging services provider Great Lakes Dredge & Dock Corporation announced it has received several major dredging awards totaling $132.3 million.The awarded work includes:Coastal Storm Risk Management Rockaway Inlet Beach Fill Subcontract (Coastal Protection, New York, $37.2 million)South Atlantic Division Regional Harbor Dredging Project (Maintenance, Georgia, North Carolina and South Carolina…
2022 US Shipbuilding Report
It’s a common story in the U.S. shipbuilding industry today. A piece of equipment that used to be available for delivery on short notice—maybe in one or two weeks—now must be ordered months or more in advance, and it costs double. Add to this rising steel prices and the labor issues that have pervaded nearly all industrial sectors since the early days of the pandemic, and it’s clear that business is far from usual for American shipyards.Bollinger Shipyards president and CEO…
