Great Lakes Dredge & Dock Takes Delivery of New Hopper Dredge
Great Lakes Dredge & Dock Corporation (NASDAQ: GLDD), the leading provider of dredging services across the United States, has proudly announced the delivery of its latest vessel, the Amelia Island. Delivered from the Conrad Shipyard located in Louisiana, this state-of-the-art hopper dredge is specifically designed to improve mission-critical projects involving dredging operations at coastal areas.
Enhancing Capabilities for Modern Dredging Operations
The Amelia Island represents Great Lakes’ commitment to innovation and modernization within its fleet. Tailored for effective and safe operation in shallow and narrow waterways, this remarkable vessel measures approximately 346 feet in length and 69 feet in breadth. It's equipped with impressive specifications, including a total horsepower of 16,500 and two 800mm trailing suction pipes that can reach dredging depths of up to 100 feet, paired with a hopper capacity of 6,330 cubic yards.
Environmentally Friendly Features
One of the standout features of the Amelia Island is its environmental consideration, featuring engines and generators that meet EPA Tier IV emissions standards. This ensures that the dredge can operate sustainably while fulfilling its duties on projects across the U.S. coastlines, channels, and ports.
Industry Leadership and Commitment
Lasse Petterson, the company's President and CEO, expressed that the delivery of the Amelia Island marks a significant achievement amid the firm’s newbuilding program, culminating in the establishment of the largest and most advanced hopper dredging fleet in the nation. This innovative vessel not only enhances Great Lakes' project management capabilities but also showcases its readiness to undertake essential services such as beach renourishment and channel maintenance.
Collaboration with the U.S. Army Corps
This new addition stands alongside the company’s existing fleet, including its sister ship, the Galveston Island. This partnership with the U.S. Army Corps of Engineers emphasizes Great Lakes' dedication to supporting the U.S. dredging industry and reinforcing crucial maritime infrastructure nationwide.
The Company’s Rich History and Future Directions
Great Lakes Dredge & Dock Corporation boasts over 135 years of experience in the industry, making it the foremost provider of dredging services in the U.S. The company operates a diverse fleet of approximately 200 specialized vessels, ensuring a wide range of project capacities. In addition to its core dredging operations, Great Lakes is actively expanding into the offshore energy sector, showcasing its adaptability and growth in evolving markets.
With a focus on cultivating a skilled workforce, the company maintains a rigorous training regimen for engineers, paving the way for performance excellence throughout its operations. The Incident-and Injury-Free® (IIF®) culture is deeply ingrained in Great Lakes' values, fostering a work environment prioritizing employee safety and well-being.
Contact Information
For those seeking further details or insight regarding the new developments at Great Lakes Dredge & Dock Corporation, please contact:
Eric Birge
Vice President of Investor Relations
313-220-3053
Frequently Asked Questions
What is the purpose of the Amelia Island?
The Amelia Island is designed for efficient dredging operations, improving vital infrastructure projects along U.S. coastlines.
What are the main features of the new dredge?
The dredge has a hopper capacity of 6,330 cubic yards, can dredge up to 100 feet, and meets environmental regulations with low emissions.
How does the new dredge enhance the fleet?
It adds to Great Lakes' already advanced fleet, ensuring that the company can handle diverse operations like beach renourishment and channel maintenance.
Who is involved in the operations of the Amelia Island?
The vessel will be operated by skilled teams at Great Lakes, guided by experienced project managers and engineers ensuring safety and efficiency.
How can I learn more about Great Lakes Dredge & Dock Corporation?
For further information, you may reach out to Eric Birge, Vice President of Investor Relations, at 313-220-3053.
