Great Lakes Dredge & Dock’s Recent Award for Excellence
Great Lakes Dredge & Dock Corporation (NASDAQ: GLDD), the leading provider of dredging services in the nation, has recently earned the esteemed title of Significant Boat of the Year for its innovative Multi Cat vessels, Cape Hatteras and Cape Canaveral. This recognition from the International WorkBoat Show highlights the Company’s unwavering dedication to safety, innovation, and excellence in maritime operations.
About the Multi Cat Vessels
Constructed by Conrad Shipyard in Louisiana, the Cape Hatteras and Cape Canaveral are advanced 99-foot Damen 3013 Multi Cat vessels. They are outfitted with state-of-the-art technology, which significantly enhances both safety measures and operational efficiency. With their cutting-edge designs, these vessels signify a major leap forward in the industry.
Safety Innovations
Chris Gunsten, the Senior Vice President of Project Services and Fleet Engineering at Great Lakes, remarked that these vessels mark an important milestone for both the Company and the entire dredging sector. The newly introduced Multi Cat designs bring vital safety improvements by allowing for secure pipe handling and connection directly on deck. This not only minimizes the risk of falls but demonstrates a strong alignment with the Company’s culture of prioritizing safety in all operations.
Operational Benefits
In addition to their safety features, the Cape Hatteras and Cape Canaveral are the first of their kind built in the U.S., facilitating dredging operations more efficiently. Their innovative design means there is less dependency on additional floating support vessels, which streamlines processes and lessens environmental impact. The high-tech equipment aboard enhances navigation and communication, integral for managing complex dredging projects.
Commitment to Innovation
Lasse Petterson, President and CEO of Great Lakes, emphasized the Company's commitment to harnessing advanced technologies in order to protect and maintain U.S. shorelines and waterways. He noted that these Multi Cat vessels are essential components in their vision to lead the dredging industry with innovative and effective solutions.
Great Lakes Dredge & Dock: Core Business and Expertise
As the largest dredging service provider in the nation, Great Lakes Dredge & Dock Corporation is also actively expanding into the offshore wind energy sector. With a rich history of successfully completing significant international projects, they boast a diverse fleet consisting of approximately 200 specialized vessels. Their highly trained engineers ensure performance excellence as they contribute to the broader goals of the company.
Company Values
In over 134 years of operation, Great Lakes has maintained an impressive record of project completion. Their commitment to employee safety is exemplified through their established Incident-and-Injury-Free® (IIF®) safety management system. This holistic approach integrates safety into every aspect of their work culture, ensuring that employee welfare is always a top priority.
Frequently Asked Questions
What recognition did Great Lakes recently receive?
Great Lakes Dredge & Dock was awarded the Significant Boat of the Year for their Multi Cat vessels, Cape Hatteras and Cape Canaveral.
What are the features of the Multi Cat vessels?
These vessels feature cutting-edge technology, enhanced safety measures for operations, and improved operational efficiency.
How does Great Lakes enhance safety in their operations?
The Multi Cat design enables secure pipe handling and other operations on deck, significantly reducing risks of accidents.
What is the Company’s history in dredging?
Great Lakes has a strong history of completing marine projects without failure, with over 134 years of experience in the dredging industry.
Who can I contact for more information?
You can contact Tina Baginskis, Director of Investor Relations at Great Lakes, for further inquiries.
