Search results for: Great Lakes

1581 results

A list of search results

  • 7 May 2020
    Business & Finance

    Continuing his efforts to safeguard the future of commerce on the Great Lakes, Michigan Representative Jack Bergman is proposing a new policy to ensure baseline levels of funding for the backlogged maintenance projects along Great Lakes transportation routes. The Great Lakes Navigation System (GLNS) is a deep-draft waterway connecting all five lakes through hundreds of […]

  • 5 May 2020
    Business & Finance

    Great Lakes Dredge & Dock Corporation (GLDD) today reported financial results for the quarter ended March 31, 2020. According to Lasse Petterson, Chief Executive Officer and President, the first quarter of 2020 was an exceptional quarter driven by strong project performance, resulting in net income from continuing operations of $34.0 million and adjusted EBITDA from […]

  • 31 March 2020
    Business & Finance

    U.S. Senator Tammy Baldwin, a member of the bipartisan Senate Great Lakes Task Force, last week joined her colleagues in sending a letter to the Appropriations Subcommittee on Interior, Environment, and Related Agencies Chairman Lisa Murkowski and Ranking Member Tom Udall to request at least $320 million in funding for the Great Lakes Restoration Initiative […]

  • 22 January 2020
    Business & Finance

    Following vicious flooding of Lake Ontario during two of the last three years, with private and public property and infrastructure being destroyed, NY Senators Charles E. Schumer and Kirsten Gillibrand yesterday urged USACE to include the Great Lakes Coastal Resiliency Study (GLCRS) in its Fiscal Year 2020 Work Plan. The study, Schumer and Gillibrand said, […]

  • 5 November 2019
    Business & Finance

    Great Lakes Dredge & Dock Corporation (GLDD) today reported financial results for the quarter ended September 30, 2019. According to GLDD Chief Executive Officer, Lasse Petterson, bidding activity increased significantly, with over $1.0 billion in projects bid in the third quarter. Operationally, the quarter had lower dredging activity, due to several vessel dry dockings. The […]

  • 22 October 2019
    Business & Finance, Project & Tenders

    Great Lakes Dredge and Dock Company is about to begin beach nourishment project for the City of Rehoboth Beach, according to the Department of Natural Resources and Environmental Control. As reported, DNREC expects that GLDD will start pumping sand this week along the north end of Rehoboth Beach. Sand pumping operations by the project contractor […]

  • 20 September 2019
    Business & Finance

    The U.S. Army Corps of Engineers, Buffalo District, has announced a $2.1 million contract for repairs to the Lorain breakwater, located in Lake Erie in the Port of Lorain, Lorain County, Ohio. The contract was awarded on September 9, 2019 to Great Lakes Dock & Materials, L.L.C., from Muskegon, Michigan. “I am pleased to see […]

  • 17 September 2019
    Business & Finance, Project & Tenders

    The U.S. Army Corps of Engineers, Jacksonville District awarded a $15,577,450.00 contract to the Great Lakes Dredge and Dock Company for the next scheduled maintenance dredging of U.S. Naval Station Kings Bay Entrance Channel and sand placement at Fernandina Beach. The project includes maintenance dredging of the entrance channel and parts of the inner channel, […]

  • 30 August 2019
    Business & Finance, Project & Tenders

    Great Lakes Dredge & Dock Corporation (GLDD) has successfully completed the Nags Head beach nourishment project. The beach nourishment sand pumping operations were completed early on Sunday morning, August 18, 2019 in the 8200 block of South Old Oregon Inlet Road near Mile Post 17, reported the town. During the 2019 beach nourishment campaign, GLDD’s […]

  • 31 July 2019
    Business & Finance

    Great Lakes Dredge & Dock Corporation (GLDD) today reported financial results for the quarter ended June 30, 2019. According to the company’s Chief Executive Officer, Lasse Petterson, the second quarter was another active period for GLDD, marking their fourth consecutive quarter showing improvement in both revenue and adjusted EBITDA from continuing operations when comparing to […]

  • 25 June 2019
    Business & Finance, Project & Tenders

    Great Lakes Dredge & Dock Corporation (GLDD) has announced the receipt of $91 million for coastal protection, emergency repair and maintenance dredging works. David Simonelli, President of Dredging commented, “We are pleased to announce these important coastal protection, emergency repair and maintenance dredging awards for our Company which complement the current portfolio of large port […]

  • 17 June 2019
    Business & Finance, Project & Tenders

    Although not even officially summer, the city of Virginia Beach and the Army Corps’ Norfolk District are already preparing for winter. The district has awarded the Sandbridge Hurricane Protection and Beach Renourishment project contract to Great Lakes Dredge and Dock Company. According to the Corps, the investment for this renourishment cycle is $20.3 million, including […]

  • 1 May 2019
    Business & Finance

    Great Lakes Dredge & Dock Corporation (GLDD) has just reported financial results for the quarter ended March 31, 2019. Chief Executive Officer Lasse Petterson commented, “The first quarter of 2019 was an exceptional quarter driven by strong project performance, resulting in net income from continuing operations of $20.5 million and an adjusted EBITDA from continuing […]

  • 26 April 2019
    Business & Finance, Project & Tenders, Vessels

    Great Lakes Dredge & Dock’s hopper dredge Liberty Island yesterday delivered the last load of sand to eastern Emerald Isle, marking the completion of dredging/pumping activities for Phase I of the post-Florence Renourishment Project. Following the completion of the works, GLDD’ dredge Liberty Island departed the site yesterday afternoon for her next project. The project […]

  • 19 April 2019
    Business & Finance

    The U.S. Environmental Protection Agency (EPA) has awarded $1.65 million to the Wisconsin Department of Natural Resources (DNR) to continue restoration work at five highly contaminated sites on the Great Lake. This EPA funding is the first installment of an approximately $5 million Great Lakes Restoration Initiative (GLRI) grant to DNR. Under the 1987 Great […]

  • 7 March 2019
    Business & Finance, Project & Tenders

    For the last couple of days, dredges Dodge Island and Padre Island have been busy working on the Morehead City Harbor Federal Navigation Project. According to the Carteret County Shore Protection Office, the third dredge, the Liberty Island will be also transiting to Morehead City Harbor with dredging/pumping activities scheduled to initiate Friday afternoon/early evening (3/8/19) subsequent […]

  • 30 November 2018
    Business & Finance

    The U.S. Army Corps of Engineers, Detroit District, has announced additions to its fiscal year 2019 program based on the recently approved work plan. The additional $77.6 million will be used in 2019 to repair breakwaters, dredge harbors, complete various projects and studies throughout the Great Lakes and fund initial construction for the New Soo […]

  • 17 October 2018
    Business & Finance

    The Great Lakes Restoration Initiative (GLRI) has provided more than $2.5 billion to clean up contaminated harbors, restore fish habitat and keep invasive species out of the Great Lakes, according to a study by the University of Michigan’s Research Seminar in Quantitative Economics. According to the study, every federal dollar spent on GLRI projects between 2010 through […]

  • 1 October 2018
    Business & Finance

    Historic Egmont Key – the small island that experienced large-scale erosion and structural damage on its western shoreline – will soon receive critical sand thanks to maintenance on the Tampa Harbor channel, reports the U.S. Army Corps of Engineers, Jacksonville District. The Army Corps recently awarded a $10.3 million contract to Great Lakes Dredge & Dock Company […]

  • 27 September 2018
    Business & Finance, Project & Tenders

    Great Lakes Dredge & Dock Co. has just won a $47.9 million contract for channel dredging works in Hillsborough County, Florida. According to the FedBizOpps, the project consists of dredging approximately 4 million cubic yards from the Big Bend Channel of Tampa Harbor. Also included in the project is the Entrance Channel, Turning Basin, East Channel, […]

  • 20 September 2018
    Business & Finance, Project & Tenders

    Great Lakes Dredge and Dock Co. LLC, Oak Brook, Illinois, has won a $7,183,435 contract for maintenance dredging of the inland waterway between the Delaware Bay and the Chesapeake Bay, reports the U.S. Department of Defense (DoD). According to the Army Corps, Philadelphia District, maintenance dredging under this contract will be performed at various locations along the waterway in  […]

  • 6 September 2018
    Business & Finance, Project & Tenders

    The U.S. Army Corps of Engineers, Buffalo District began implementing an innovative project for aquatic ecosystem restoration along the Niagara River in summer 2018 by using a resource that is abundantly available to the agency: dredged sediment. According to the Corps, the project will result in restoration of approximately 10 acres of coastal wetland habitat […]

  • 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 […]

  • 13 July 2018
    Business & Finance, Project & Tenders

    Great Lakes Dredge & Dock Corporation (GLDD) confirmed yesterday the receipt of a $69.8 million award on the San Jacinto River in Houston, Texas. This unique and challenging project is the first major Houston-area flood-control project after Hurricane Harvey and will restore a 2 mile-long stretch of the San Jacinto River to its pre-Harvey state. After the storm passed […]

  • 18 June 2018
    Business & Finance

     The U.S. Army Corps of Engineers, Buffalo District, last Friday unveiled a video on the partnering that drives beneficial use opportunities along the Great Lakes. In the video, Brigadier General Mark Toy, Commander of the Army Corps Great Lakes and Ohio River Division, explains the innovative partnering efforts occurring across the Great Lakes Navigation System […]

  • 4 June 2018
    Business & Finance

    U.S. Environmental Protection Agency (EPA) will host a series of public engagement sessions this summer to update the public on the Great Lakes Restoration Initiative (GLRI) and to seek their input on future priorities. The first engagement session will be held on June 13 in Toledo, followed by sessions in Rochester, Duluth, Milwaukee, Saginaw, and […]

  • 30 May 2018
    Business & Finance

    U.S. Senators Charles E. Schumer and Kirsten Gillibrand have announced that following their push, the Senate Water Resources Development Act (WRDA) includes a new authorization for the Great Lakes Coastal Resiliency Study. The senators said that following the damaging flooding that impacted New York’s Lake Ontario shoreline communities last summer, causing millions of dollars in damages, […]

  • 22 May 2018
    Business & Finance

    The U.S. Environmental Protection Agency (EPA) has awarded a Great Lakes Restoration Initiative grant of $1,679,104 to the Wisconsin Department of Natural Resources (WDNR) to increase its efforts to protect and restore Wisconsin’s Great Lakes coastal wetlands. “This funding will enable our state partners in Wisconsin to safeguard and restore key habitats along Lake Michigan’s […]

  • 3 May 2018
    Business & Finance

    Great Lakes Dredge & Dock Corporation (GLDD) yesterday reported financial results for the quarter ended March 31, 2018. For the first three months GLDD reported revenue of $146.6 million, net loss from continuing operations of $9.3 million and Adjusted EBITDA from continuing operations of $11.7 million. According to the company, excluding the charges relating to GLDD’s previously announced […]