New funding is providing unparalleled opportunities to invest in climate resilience by building natural infrastructure to protect vulnerable communities.
New funding is providing unparalleled opportunities to invest in climate resilience by building natural infrastructure to protect vulnerable communities.
Mobile Harbor Navigation-Phase 3 Project (Capital, Alabama, $53.9 million)
• Golden Triangle Marsh Creation Project (Capital, Louisiana, $32.4 million)
• Captiva Island Beach Renourishment Project (Coastal Protection, Florida, $15.6 million)
Vicinity of McKellar Lake Harbor Dredging Project (Maintenance, Arkansas, Kentucky, Mississippi, Missouri, Tennessee, $7.6 million)
Jacksonville Harbor Maintenance Dredging Project (Maintenance, Florida, $3.3 million)
The Mobile Harbor Phase 3 Navigation project consists of deepening and widening portions of the Lower Bay Channel located South of Gaillard Island and North of the Gulf Intracoastal Waterway. This project is a critical step toward realizing the port’s ability to accommodate the larger ships serving the world’s major trade lanes, while improving vessel transit efficiencies and safety in the port. The client on this project is the U.S. Army Corps of Engineers, Mobile District, and is federally funded. Work is expected to
May 11, 2021 By John Shoulberg
Great Lakes Dredge & Dock Corporation, the largest provider of dredging services in the United States, on May 4 reported net income of $8.8 million for the first quarter of 2021, on revenue of $177.6 million. A year ago, Great Lakes reported net income of $34 million on revenue of $217.7 million.
The company reported lower coastal protection and capital dredging revenue, offset by an increase in revenue from maintenance dredging projects. Two of the company’s dredges, the Carolina and Dredge 55, were in drydock for the entire quarter, but are expected to return to work in the second quarter. A year ago, there were no vessels in drydock during the first quarter.
04.05.2021 - First quarter net income of $8.8 million First quarter adjusted EBITDA of $26.8 million First quarter awards of $90.3 million resulting in 42% bid market share HOUSTON, May 04, 2021 (GLOBE NEWSWIRE) - Great Lakes Dredge & Dock Corporation .