Search results for: Great

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  • 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, […]

  • 13 January 2020
    Business & Finance

    Environment Minster Rebecca Pow MP and Environment Agency Chair, Emma Howard Boyd, joined local partners last Friday (January 10) to mark the start of work on an innovative £40 million project to upgrade vital flood defenses in Great Yarmouth. The work, which is expected to complete next year, will upgrade the level of protection from […]

  • 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 […]

  • 19 September 2019
    Business & Finance

    DEME Group has just released this beautiful night photo of their backhoe dredger Peter the Great and split hopper Vlaanderen VIII, working side by side on the Elbe River deepening program. Conducting their operations on the 116 km fairway between Cuxhaven and Hamburg, Peter the Great dredges the harder soil parts like clay and discharges […]

  • 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 […]

  • 23 May 2019
    Business & Finance

    Tidal defenses in Great Yarmouth are set to receive a £40.3 million refurbishment, according to the the Environment Agency latest report. The work will see 46 flood defense walls refurbished at locations across the town using an innovative technique that will extend their lifespan by up to 30 years. It follows on from the initial […]

  • 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 […]

  • 14 February 2019
    Business & Finance

    A decision-making committee, appointed by the New Zealand Government’s Environmental Protection Authority, has granted dredging and disposal company Coastal Resources Limited, a 35-year marine consent to dispose of dredged sediment off Great Barrier Island (GBI). Coastal Resources Limited already holds consent to dispose of 50,000 cubic meters of dredged sediment annually at the approved site, […]

  • 22 January 2019
    Business & Finance

    Construction of two low-crest groynes at the Whitehill Road designed to retain sand at the foreshore and reduce reliance on temporary sand nourishment has been completed, reports the City of Greater Geraldton. Commenting the latest news, the City Mayor, Shane Van Styn, said that installation of the two 40m long Geotextile Sand Container (GSC) groynes are consistent […]

  • 10 January 2019
    Business & Finance

    Mott MacDonald has just reported that the work on £16 million Greatham South Flood Alleviation scheme has been completed. The BAM Nuttall Mott MacDonald (BMM) joint venture was commissioned by the Environment Agency in 2017 to design and build the second and final phase of the management scheme which addresses flooding concerns in Port Clarence […]

  • 27 December 2018
    Business & Finance

    The Trustees of Reservations has been awarded Priority Project designation status from the Baker-Polito Administration’s Department of Fish and Game, Division of Ecological Restoration (DER) for an innovative salt marsh restoration project in the Great Marsh on the North Shore of Massachusetts. Titled “Saving the Great Marsh: Ditch Remediation, Habitat Preservation and Resiliency Building at […]

  • 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 […]

  • 27 November 2018
    Business & Finance

    A consortium consisting of Van Oord, Australian research institute CSIRO, and Delft University of Technology have reached a new milestone – this week they are testing  a new method for large-scale coral rehabilitation at the Great Barrier Reef in Australia. Climate change and coral bleaching have resulted in the reef in losing more than half […]

  • 8 November 2018
    Business & Finance

     The Environment Agency has completed a vital new Teesside flood scheme which benefits local residents and businesses and provides a significant boost to local wildlife. Costing almost £16 million, the Port Clarence and Greatham South project has increased flood protection to Port Clarence residents from the River Tees and Greatham Creek while also creating […]

  • 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 […]

  • 5 October 2018
    Business & Finance

    The Suffolk County Department of Public Works has requested Department of the Army (DA) authorization to perform dredging, with ten-years maintenance and placement of all resultant dredged material at designated beach placement areas. The project is located in James Creek and Great Peconic Bay; and the Great Peconic Bay shorelines northeast and southwest of the […]

  • 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 […]