The channel was deepened to 45 ft and made 530 ft wide through Galveston Bay, and environmental restoration projects were constructed with dredged material. Its previous expansion project lasted from 1968 to 2005. Overview Jobs Salary Revenue Reviews History Competitors CEO & Executives Mission Statement Follow Company Updated AugGreat Lakes Dredge & Dock Salary Estimate 56,923 27. The Houston Ship Channel first opened in 1914. The Great Lakes Dredge & Dock contract follows the company's move of its corporate headquarters from the Chicago area to Houston in October 2020. AECOM says the entire project is expected to finish by the end of 2025. Evans announced that GREAT LAKES DREDGE & DOCK COMPANY, LLC ( GREAT LAKES ), a Texas company, pled guilty on Jto violating the Clean Water Act in connection with an oil spill in 2016, and agreed to pay a 1 million fine and additional restitution to be determined by the court. “Retrofitting our equipment demonstrates our commitment to Port of Houston and supports our goal of reducing our overall environmental impact as we strive to leave the areas we work in a better state than when we started,” Simonelli said.ĭredging on the first phase of work is scheduled to start in early 2022 and finish within the year. NEW ORLEANS United States Attorney Duane A. David Simonelli, the contractor’s COO, said in a statement that the company is investing $4.5 million to cut emissions from its cutter suction dredge and booster station by upgrading their engineering and installing selective catalytic reduction systems, which treat engine exhaust. The companys backlog, or future projects, has also. The port says it chose the approach with the most reduction in overall nitrogen oxide emissions when it selected Great Lakes Dredge & Dock. 1 day ago &0183 &32 Great Lakes Dredge & Dock has seen a significant decline in revenue, profits, and cash flows, with shares dropping 13.8 since last year. Major players in the dredging industry include Royal Boskalis Westminster N.V., Van Oord NV, Dredging Environmental and Marine Engineering N.V., Jan De Nul N.V., Great Lakes Dredge & Dock Corporation.The project will also include additional environmental initiatives, including construction of five bird islands totaling 20 acres in Galveston Bay, the addition of 376 acres of oyster reef pads and three new marshes built totaling as much as 800 acres.Įnvironmental concerns played a role in picking Great Lakes Dredge & Dock for this contract. The Complaint brought forth claims for violations of the Securities Exchange Act of 1934 against Great Lakes Dredge and Dock Company (GGLD. HOUSTON, (GLOBE NEWSWIRE) - Great Lakes Dredge & Dock Corporation ('Great Lakes' or the Company) (NASDAQ: GLDD), the largest provider of dredging services in the United States, announced today that Empire Offshore Wind, a joint venture between Equinor (NYSE: EQNR) and bp (NYSE: bp), have chosen Great Lakes in consortium with Van. Asia-Pacific is expected to hold the largest dredging industry share. SEC Filings Great Lakes Dredge & Dock Corporation SEC Filings Group 3,4,5 Annual Filings Current Reports Mergers & Acquisitions Other Proxy Filings Quarterly Filings Registration Statements Filing year Items per page 1 2 3 4 5 6 7 8 9 Next Last » Data provided by Kaleidoscope. Increasing sea-borne trade is expected to propel the growth of the dredging industry going forward. GREAT LAKES DREDGE & DOCK CORPORATION ANNUAL REPORT 2021 NORTH AMERICA’S LEADER Photo this page:For over 130 years, Great Lakes Dredge & Dock Corporation has been the leading Cutter Suction Dredge Texas with Spider Barge 175 deepening Charleston Entrance Channel. As per TBRC’s dredging market forecast, the dredging market is expected to grow to $14.39 billion in 2027 at a CAGR of 3.4%. LONDON, GREATER LONDON, UK, / / - The Business Research Company’s “Dredging Global Market Report 2023” is a comprehensive source of information that covers every facet of the dredging global market. The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032” The Business Research Company’s Dredging Global Market Report 2023 – Market Size, Trends, And Market Forecast 2023-2032 Global Dredging Market Projections And Growth From 2023-2027ĭredging Global Market Report 2023 – Market Size, Trends, And Market Forecast 2023-2032
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