Search results for: Lakes

2065 results

A list of search results

  • 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 […]

  • 18 September 2017
    Business & Finance, Project & Tenders

    Great Lakes Dredge & Dock Corporation (GLDD), last Friday announced the receipt of a combined $87.3 million in awarded work across four projects, including the $47.2 million award for the Post 45 Foot Charleston Entrance Channel Maintenance Dredging. The scope of work for Charleston I includes excavation of approximately 6.1 million cubic yards of material […]

  • 15 September 2017
    Business & Finance, Project & Tenders

    The U.S. Army Corps of Engineers, Charleston District has awarded the first construction contract for the Charleston Harbor Post 45 Deepening Project. The $47 million contract was awarded to Great Lakes Dredge and Dock Company, LLC. The contract is for new work and maintenance dredging of approximately six million cubic yards of material from the […]

  • 13 September 2017
    Business & Finance, Project & Tenders

    The U.S. Army Corps of Engineers, Detroit District, awarded recently an almost $2.5 million contract to Great Lakes Dock & Materials, LLC., to dredge Green Bay Harbor in northeast Wisconsin. Great Lakes Dock, from Muskegon, Mich., will remove 99,000 cubic yards of material. They will deposit 60,000 cubic yards in the Bayport Confined Disposal Facility […]

  • 29 August 2017
    Business & Finance, Equipment, Technology

    Ellicott Dredge Technologies (EDT) has announced the successful launch of a Mud Cat MFD at Griffin & Howe’s Echo Lake in the Catskills region of New York. John Wunderluch of Freshwater selected the Mud Cat MFD because of its ability to work as a hydraulic dredge with the MC-Cutter Pump and a mechanical dredge with […]

  • 24 August 2017
    Business & Finance

    This month, U.S. Senator Debbie Stabenow is highlighting Great Lakes Restoration Initiative (GLRI) success stories throughout Michigan and the importance of federal funding to protect the Michigan’s lakes and waterways. Stabenow yesterday joined Steve Largent, Boardman River Program Coordinator and Trout Unlimited member, and Amy Beyer, Executive Director of the Conservation Resource Alliance, to highlight […]

  • 8 August 2017
    Business & Finance

    The U.S. Environmental Protection Agency (EPA) has submitted a report to Congress and the President which summarizes progress under the Great Lakes Restoration Initiative (GLRI) during 2016. As required, the report provides detailed information on GLRI accomplishments and funding allocations for participating federal agencies on a yearly basis. “I’m proud that through the Great Lakes […]

  • 4 August 2017
    Business & Finance

    The Healing Our Waters – Great Lakes Coalition has announced that their annual conference that highlights restoration efforts and needs across the Great Lakes will be back in Buffalo, NY, in October 2017. The 13th annual Great Lakes Restoration Conference will be held October 17-19 at the Hyatt Regency at Fountain Plaza. Since 2010, the conference […]

  • 2 August 2017
    Business & Finance, Project & Tenders

    Great Lakes Dredge & Dock Corporation (GLDD) today reported financial results for the quarter ended June 30, 2017. For the three months ended June 30, 2017, GLDD reported revenue of $176.9 million, net loss from continuing operations of $1.1 million and Adjusted EBITDA from continuing operations of $17.6 million. Chief Executive Officer Lasse Petterson commented, “Operationally, as […]

  • 7 July 2017
    Business & Finance, Project & Tenders

    The U.S. Army Corps of Engineers, Baltimore District, has awarded a $12.7 million Atlantic Coast beach re-nourishment contract to Great Lakes Dredge and Dock Company. According to the U.S. Department of Defense, work will be performed in Ocean City, Maryland, with an estimated completion date of May 16, 2018. The State of Maryland, Worcester County, and […]

  • 28 June 2017
    Business & Finance, Project & Tenders

    The Town of Duck beach nourishment project is in its final stage with some finishing touches being done right now, reports the town. According to the report, Great Lakes Dredge and Dock Company anticipates completion of the project in Duck within the next few days. “Due to the high volume of activity on the beach […]

  • 13 June 2017
    Business & Finance

    U.S. Senators Charles Schumer and Kirsten Gillibrand yesterday announced $1.1 million in federal funding for the NYS Department of Environmental Conservation (DEC) through the Environmental Protection Agency’s (EPA) Great Lakes Restoration Initiative (GLRI). The DEC will use these vital resources to support projects along the Great Lakes in New York. “It is imperative that we […]

  • 19 May 2017
    Business & Finance

    Great Lakes Dredge & Dock Corporation yesterday announced the pricing of its previously-announced offering of $325 million aggregate principal amount of senior notes due 2022. According to the release, the 2022 Notes were priced at par with a coupon rate of 8.000%. The 2022 Notes will mature on May 15, 2022. Each of GLDD’s existing […]

  • 15 May 2017
    Business & Finance

    Great Lakes Dredge & Dock Corporation announced last week the commencement of a cash tender offer, subject to the terms and conditions described in the Tender Offer Documents, to purchase any and all of the $275 million aggregate principal amount of its outstanding 7.375% Senior Notes due 2019. GLDD intends to purchase the 2019 Notes in […]

  • 4 May 2017
    Business & Finance

    The proposed federal budget for 2018 includes drastic cuts in funding for Great Lakes programs. It calls on the eight states bordering the lakes to fund a wide array of programs designed to safeguard the lakes and protect public health and ecosystems. U.S. President Donald Trump also proposed deep funding cuts in Great Lakes programs […]

  • 14 April 2017
    Business & Finance

    Potential deep water impacts from improvements to the East Reservoir Dam in Portage Lakes will be the focus of an April 27, 2017, Ohio EPA public information session and hearing. The meeting will begin at 6 p.m. at Portage Lakes Kiwanis Civic Center, 725 Portage Lakes Dr., Akron. The meeting is an opportunity for residents […]

  • 14 March 2017
    Business & Finance

    U.S. Senator Joe Donnelly, along with a bipartisan group of senators, sent a letter to Environmental Protection Agency Administrator Scott Pruitt expressing concern about reports that the Trump Administration’s 2018 budget request will include a 97 percent cut to the Great Lakes Restoration Initiative. The senators wrote, in part: “As members of the Senate Great […]

  • 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, […]

  • 26 January 2017
    Business & Finance

    Great Lakes Dredge & Dock Corporation (GLDD) today announced that Lawrence R. Dickerson and D. Michael Steuert have been appointed to the Board of Director’s 2019 director class, effective January 24, 2017. Mr. Dickerson has been appointed to the Compensation Committee, and Mr. Steuert has been appointed to the Audit Committee. With the addition of […]

  • 24 January 2017
    Business & Finance, Project & Tenders

    Great Lakes Dredge & Dock Corporation (GLDD) yesterday confirmed the award of an $88 million contract for Phase I of the Mississippi Coastal Improvements Program (MsCIP) Comprehensive Barrier Island Restoration. MsCIP was initiated in 2005 in the aftermath of the damage and destruction caused by Hurricane Katrina, and addresses hurricane and storm damage reduction, salt water […]

  • 9 January 2017
    Business & Finance

    Great Lakes Dredge & Dock Corporation (GLDD) announced recently that it has closed on a $250 million three year revolving credit facility. PNC Bank, National Association (PNC) acted as Administrative Agent and Issuing Lender, reported GLDD. The bank group consists of PNC, The PrivateBank and Trust Company, Suntrust Robinson Humphrey, Inc., Capital One, Bank of […]

  • 28 December 2016
    Business & Finance

    The Board of Directors of Great Lakes Dredge & Dock Corporation (GLDD) has just announced the selection of Lasse Petterson as CEO and his appointment to the company’s board. Chairman of the Board Michael J. Walsh said: “After a thorough and comprehensive search process, I am confident that the Board identified the right candidate to […]

  • 30 September 2016
    Business & Finance

    Congressman Brian Higgins has announced that the approval of H.R. 5303, the Water Resources Development Act, which authorizes the Great Lakes Restoration Initiative (GLRI), will provide $300 million in funding for Great Lakes projects. “Cleanup of the Great Lakes is providing long-term environmental benefits and immediate economic returns,” said Congressman Higgins. “Continued funding for the Great […]

  • 22 September 2016
    Business & Finance

    A public–private partnership that supports habitat restoration throughout the Great Lakes basin, the Sustain Our Great Lakes partners yesterday announced $5.18 million in grant funding for 19 restoration projects in the Great Lakes basin. Grant recipients will match the new funding with an additional $6.4 million, for a total on-the-ground conservation impact of $11.6 million. The […]

  • 6 September 2016
    Business & Finance, Project & Tenders, Vessels

    Trailing suction hopper dredge Pelican is about to begin a maintenance dredging of the Lakes Entrance Bar in Victoria, Australia. According to the Gippsland Ports notice to mariners (NO. 260T – 2016), the Pelican will be carrying out dredging operations on the Lakes Entrance Bar for a period of approximately 6 weeks starting Friday 9th September 2016. The Pelican will […]

  • 29 August 2016
    Business & Finance, Project & Tenders

    Lakes and Rivers Contracting Inc., of Lemont (IL) is about to begin a long-awaited Waubonsie Lake dredging project. The City Council has just approved the contract to dredge and filter the lake bottom in Waubonsie Lake Park, off Kautz Road near Clarendon Lane, reported the Chicago Tribune. This $1.85 million dredging contract is the first such in more than twenty […]