A recently declassified U.S. Transportation Command (USTRANSCOM) report has identified significant challenges affecting dredging operations at strategic U.S. seaports, with findings that contradict common assumptions about equipment availability under the…
Dredging
Corps work plan includes $131M for Houston Ship Channel
At the May 20 meeting of the Port Commission of the Port of Houston Authority, chairman Ric Campo reported that the U.S. Army Corps of Engineers (USACE) FY 2025 work plan includes $33 million allocated to the Houston Ship Channel Expansion, known as Project 11, construction and $98 million to operations and maintenance to keep the Houston Ship Channel dredged.
“Thank you to everyone who pulled together to get this done, including our industry partners, customers, congressional delegation, and...
GLDD posts strong first quarter results
Houston-headquartered Great Lakes Dredge & Dock Company [Nasdaq: GLDD] today reported financial results for the first quarter ended March 31, 2025.
“Great Lakes had a great first quarter, with strong project performance and high utilization as all of our active dredges were operational,” said GLDD president and CEO Lasse Petterson. “We ended the quarter with revenue of $242.9 million, net income of $33.4 million, and adjusted EBITDA of $60.1 million. Our substantial dredging backlog stood at...
https://www.marinelog.com/inland-coastal/dredging/gldd-posts-strong-first-quarter-results/
USACE Breaks 45-Year Hiatus with Cutting-Edge Hopper Dredge Construction at Eastern Shipbuilding
Eastern Shipbuilding Group (ESG) has launched construction on a groundbreaking medium class hopper dredge for the U.S. Army Corps of Engineers (USACE), marking the agency’s first deep draft hopper dredge…
ESG cuts steel for new USACE medium class hopper dredge
Eastern Shipbuilding Group, Inc. (ESG), Panama City, Fla., has officially begun construction on the U.S. Army Corps of Engineers’ (USACE) new medium class hopper dredge with a ceremonial steel-cutting event. The milestone marks the start of a historic acquisition for the Corps, reinforcing its commitment to maintaining safe and navigable waterways. The event was attended by USACE Headquarters, North Atlantic Division, Marine Design Center, and Philadelphia District leadership as well as Royal...
https://www.marinelog.com/news/esg-cuts-steel-for-new-usace-medium-class-hopper-dredge/
European dredging sector challenged by Chinese competition
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This is evident from the new report “Future Scenarios and Strategies for the Dredging Sector in the Netherlands and Belgium”, an initiative by trade association NMT-IRO and Erasmus University … |
https://maritime-professionals.com/european-dredging-sector-challenged-by-chinese-competition/
Dutra Group awards dredge contract to Eastern Shipbuilding
San Rafael, Calif.-based The Dutra Group announced March 21 the issuance of a Notice to Proceed for the new-build construction of a 10,464-cubic-yard Trailing Suction Hopper Dredge (TSHD) the Adele at Eastern Shipbuilding Group Inc.
The Adele will be constructed at Eastern Shipbuilding Group’s Allanton and Port St. Joe, Fla., facilities. Delivery is scheduled for late 2028. The Adele will join The Dutra Group’s 9,870-cubic-yard TSHD Stuyvesant serving our nation’s essential waterways.
The Dutra...
https://www.marinelog.com/news/dutra-group-awards-dredge-contract-to-eastern-shipbuilding/
James McNally named new Manson president and CEO
Seattle, Wash.-headquarteredManson Construction Co. has named James (Jim) McNally its president and CEO. McNally, previously Manson’s executive vice president and chief operating officer (COO), succeeds John Holmes, who has retired after a 48-year career at the company and remains on its board.
“The board of directors unanimously approves of Mr. McNally taking the reins of Manson due to his excellent performance as COO and his long-time industry experience,” said Frederick Paup, Manson chairman...
https://www.marinelog.com/inland-coastal/dredging/james-mcnally-named-new-manson-president-and-ceo/
NMDC signs up seven dredges for Wärtsilä lifecycle agreement
Wärtsilä has signed a five-year lifecycle agreement https://www.marinelog.com/?s=%22lifecycle+agreement%22with Abu Dhabi, UAE-headquartered NMDC Group (NMDC), one of the largest dredging and marine contractors in the Middle East.
This comprehensive agreement covers seven of NMDC’s dredges, with the potential to expand this to additional vessels in the future. The scope includes a customized maintenance program for the engine and propulsion equipment onboard the vessels, as well as digital...
https://www.marinelog.com/news/nmdc-signs-up-seven-dredges-for-wartsila-lifecycle-agreement/
GLDD ended 2024 with $1.2 billion dredging backlog
“Great Lakes had an outstanding 2024, with strong project performance and exceptional financial results,” said Lasse Petterson, president and CEO of Houston-headquartered Great Lakes Dredge & Dock Corporation (Nasdaq: GLDD), as the company reported financial results for the fourth quarter and year ended December 31, 2024.
Fourth quarter 2024 highlights
Revenue was $202.8 million
Total operating income was $30.0 million
Net income was $19.7 million
Adjusted EBITDA was $40.2 million
Full year 2024...
https://www.marinelog.com/inland-coastal/dredging/gldd-ended-2024-with-1-2-billion-dredging-backlog/