Search results for: GLDD

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  • 4 August 2017
    Business & Finance

    The town of Surfside Beach, SC, has just released the latest update on their beach renourishment program, saying that the booster pumps have caused some mechanical delays, due to hose ruptures, over the last couple of days. According to the announcement, these have been replaced and the contractor – Great Lakes Dredge and Dock Company […]

  • 18 February 2020
    Business & Finance

    Great Lakes Dredge & Dock Company (GLDD) is currently doing maintenance dredging in Chesapeake Bay by removing any mud above 36 feet in the channel for ships to pass through safely. As shown on the latest project update photo, mud that was dredged from the Upper Chesapeake Bay and loaded into a scow is now […]

  • 12 May 2017
    Business & Finance

    Great Lakes Dredge & Dock Company (GLDD) from Oak Brook, Illinois, has won a $7.7 million contract for Atchafalaya River bay and bar channel dredging, according to the U.S. Department of Defense’s (DoD) latest announcement. Bids were solicited via the Internet with four received, DoD said. Work will be performed in Morgan City, Louisiana, with an […]

  • 8 October 2017
    Business & Finance, Vessels

    Great Lakes Dredge & Dock Corporation (GLDD) has announced a number of developments since the company released its second quarter earnings report. According to Chief Executive Officer, Lasse Petterson, GLDD has performed extensive analysis regarding its portfolio composition and asset utilization. The goal of the analysis is to improve the company’s financial results in both domestic and […]

  • 3 July 2018
    Business & Finance

    Great Lakes Dredge & Dock Corporation (GLDD), an Illinois based provider of dredging, environmental and infrastructure services, announced yesterday the receipt of a several major dredging awards totaling $164 million. The awarded work includes: Long Beach project (Coastal Protection, New York, $54.4 million); Myrtle Beach project (Coastal Protection, South Carolina, $34.8 million); Nags Head Beach project […]

  • 26 May 2018
    Business & Finance, Equipment, Technology, Vessels

    Dredging Today brings you an overview of the most popular stories from the past week (May 21-27, 2018).   GLDD Wraps Up Whiskey Island Coastal Restoration Great Lakes Dredge and Dock Company (GLDD) completed the 10.7 million cubic yard coastal restoration of Whiskey Island in Louisiana earlier this month.   New Software for EU Dredging […]

  • 25 May 2018
    Business & Finance

    Great Lakes Dredge & Dock Company (GLDD) last week received formal acceptance of its Savannah Harbor Expansion Project (SHEP) dredging operations which removed over 12 million cubic yards of soil during the deepening of the 20 mile long offshore entrance channel of the Port of Savannah. Under the USACE Savannah District’s contract, GLDD completed the […]

  • 16 February 2017
    Business & Finance

    Great Lakes Dredge & Dock Corporation (GLDD) yesterday reported financial results for the quarter ended March 31, 2015. For the quarter, Great Lakes reported revenue of $174.6 million, net loss of $8.4 million, and adjusted EBITDA from continuing operations of $4.4 million. According to GLDD, in the first quarter of 2015, the company was awarded $208 million, […]

  • 25 June 2013
    Business & Finance

    Imperial Capital restated their outperform rating on shares of Great Lakes Dredge & Dock Corporation in a report released on Thursday. Imperial Capital currently has a $11.00 price objective on the stock. “We are initiating coverage of GLDD shares with an Outperform rating and a one-year price target of $11, which is 32% above the […]

  • 22 December 2014
    Business & Finance, Project & Tenders

    First Coastal Corporation and Great Lakes Dredge & Dock Corporation (GLDD) are working on a beach nourishment project in Westhampton, Suffolk County, New York. Works on the Westhampton Interim Beach Nourishment Rehabilitation, part of the Hurricane Shore Protection Project, began on October 28, 2014. GLDD is main dredging contractor for the West Hampton Dunes beach restoration project with First Coastal acting […]

  • 22 February 2010
    Business & Finance

    Morgan Joseph repeats ‘Buy’ advice for Great Lakes Dredge & Dock Corporation (Nasdaq: GLDD), price target $8. Source: StreetInsider, February 22, 2010

  • 16 January 2018
    Business & Finance, Project & Tenders

    Great Lakes Dredge and Dock Company (GLDD) has once again been selected as the contractor for the City of Cocoa Beach Renourishment project. According to the city’s latest update, GLDD will next week begin the renourishment operations. “Projected construction dates are January 25 through the end of March.” “Seven miles of the 9.4 mile North Reach (Port […]

  • 4 October 2016
    Business & Finance, Project & Tenders, Vessels

    Great Lakes Dredge & Dock Corporation (GLDD) announced yesterday the successful launch of the Ellis Island, the barge component of its Articulated Tug & Barge (ATB) hopper dredge currently under construction. The launch occurred on September 30, 2016 at Eastern Shipbuilding’s shipyard in Allanton, Florida. After two years of construction and hundreds of thousands of man […]

  • 21 August 2017
    Business & Finance

    The Town of Surfside Beach, SC, has just released the latest update on their beach renourishment project, saying that the Great Lakes Dredge and Dock Company (GLDD) will be completing the northern end of the project by the beginning of this week. “They will then reverse the direction of the 6th Avenue North feed pipe, and pump […]

  • 1 August 2018
    Business & Finance

    Great Lakes Dredge & Dock Corporation (GLDD) has just reported financial results for the three and six months ended June 30, 2018. For the three months ended June 30, 2018, GLDD reported revenue of $150.6 million, net loss from continuing operations of $1.0 million and Adjusted EBITDA from continuing operations of $21.4 million. During the second quarter, GLDD was awarded 46% of […]

  • 26 May 2017
    Business & Finance, Project & Tenders, Vessels

    Great Lakes Dredge and Dock (GLDD) has officially begun beach nourishment operations in the Town of Duck with the arrival of the company’s dredge Liberty Island. According to Dare County, NC, the dredge started pumping sand late Tuesday night, May 23rd, at the Widgeon Dr. subline and will continue progress North for a few days. The […]

  • 28 September 2017
    Business & Finance

    Great Lakes Dredge and Dock Co. (GLDD), from Oak Brook, Illinois, has won a $19.3 million contract for flood control and coastal emergency repair to the Delaware coast. Bids were solicited via the Internet with three received, the U.S. Department of Defense (DoD) said in their latest announcement. Work will be performed in Bethany Beach, Delaware, […]

  • 25 September 2018
    Business & Finance

    Great Lakes Dredge and Dock Company LLC, (GLDD) from Oak Brook, Illinois, has won a $113.1 million contract for the Jacksonville Harbor Federal Channel development project. According to the latest U.S. Department of Defense’s (DoD) announcement, this capital project will include two new turning basins, widening, dredging and construction for the deepening and strategic widening of […]

  • 1 March 2019
    Business & Finance, Project & Tenders

    Great Lakes Dredge & Dock Company, LLC (GLDD) from Oak Brook, Illinois, has been awarded the FY2019 Charleston Lower Harbor Maintenance Dredging contract. According to the FedBizOpps, the $4.6 million dredging project – located in Charleston and Berkeley Counties, South Carolina – was awarded to GLDD on February 20, 2019. Overall, the work consists of maintenance dredging approximately 1,697,500 cubic yards […]

  • 9 March 2015
    Business & Finance, Equipment, Technology

    The U.S. Army Corps of Engineers anticipates sand placement on Venice Beach to tentatively resume today, weather permitting.  The shore protection project was temporarily delayed by a mechanical problem February 15 that caused the shutdown of dredging operations.  During the dredging operations, the Liberty Island, a trailing suction hopper dredge, received damage to its propellers. […]

  • 20 February 2020
    Business & Finance

    Great Lakes Dredge & Dock Corporation yesterday reported financial results for the quarter and year ended December 31, 2019, saying that the gross profit margin percentage increased to 21.0% in the fourth quarter compared with 20.6% in the prior year fourth quarter. Commenting the latest announcement, Chief Executive Officer Lasse Petterson, said: “2019 was an […]

  • 17 May 2017
    Business & Finance, Project & Tenders

    Staging has begun in the Town of Duck for the first stage of the beach nourishment projects in the towns of Duck, Kitty Hawk and Kill Devil Hills. According to Dare County (NC), the Duck Beach Nourishment project is anticipated to begin dredging operations around May 20th. The contractor for the project, Great Lakes Dredge & […]

  • 2 October 2019
    Business & Finance

    Great Lakes Dredge & Dock Corporation (GLDD) announced today the receipt of several major dredging awards totaling $178 million. The awarded work includes: Mississippi Coastal Improvements Program (MSCIP), Comprehensive Barrier Island Restoration Plan (Coastal Restoration, Mississippi, $56.7 million); Great Egg/Peck Beach New Jersey (Coastal Protection, New Jersey, $32.5 million) Post-Florence Renourishment Project (Coastal Protection, North […]

  • 3 October 2011

    Great Lakes Dredge and Dock Company (GLDD) has signed a Memorandum of Understanding (MoU) with Indu Projects Limited (IPL) an Engineering… (newkerala) [mappress] Source: newkerala, October 3, 2011;

  • 7 November 2017
    Business & Finance

    Great Lakes Dredge & Dock Corporation today announced results for the quarter ended September 30, 2017, reporting revenue of $163.3 million, net loss from continuing operations of $4.9 million and Adjusted EBITDA from continuing operations of $11.3 million. Chief Executive Officer, Lasse Petterson, said: “As communicated in our recent Business Update, we have completed an extensive analysis of the […]

  • 8 November 2019
    Business & Finance

    Great Lakes Dredge & Dock Company (GLDD) from Oak Brook, Illinois, has won a $13.8 million contract for the Tybee Island Shore Protection Project, located near Savannah, Georgia. Bids for this scheme were solicited via the internet with two received, according to the U.S. Department of Defense’s (DoD) latest announcement. The overall objectives of the […]