CSDs Carolina and Ohio to Dredge New Suez Canal
- Business & Finance
Great Lakes Dredge & Dock Corporation (GLDD), the largest provider of dredging services in the United States and a major provider of environmental and remediation services, today revealed which vessels will take part in the widening and deepening of the Suez Canal.
As already announced, the Consortium consisting of Great Lakes (25%) and Dredging International NV (75%) won $540 million contract for Lot 6 of the New Suez Canal dredging project. The contract awarded to the Consortium involves the widening and deepening to -79 feet of the western branch of the Suez Canal at Great Bitter Lake, Deversoir Reach and Kabret Reach, which is a 25 kilometer stretch of the canal.
Dredging International will mobilize four cutter suction dredges and two hopper dredges and auxiliary equipment while Great Lakes will mobilize its Middle East-based heavy duty, high production cutter suction dredges, the ‘Carolina’ and the ‘Ohio,’ pipelines and auxiliary support equipment.
David Simonelli, President of Dredging Operations, stated, “The Suez Canal is vital to the global economy, providing the fastest shipping route between Europe and Asia. This expansion project and the development of the Suez Canal Corridor will reduce transit times and bolster economic growth along the waterway.”
“Great Lakes has a strong relationship and track record of success working with Dredging International, and we are pleased to be partnering with them on this significant project that will provide social and economic benefits to the region and around the globe,” added Simonelli.
The vessels will mobilize to Egypt in November and commence dredging operations before year-end. The Consortium’s scope of work is expected to be completed by the end of the third quarter of 2015.
Dredging Today Staff