GLDD makes significant progress on its new build program

During 2023, Great Lakes Dredge & Dock Corporation (GLDD) made significant progress on its new build program.

“As part of our new build program, we have taken delivery on our newest 6,500-cubic-yard-capacity hopper dredge, the Galveston Island,” said GLDD in its latest financial results.

Her sistership, the Amelia Island, is expected to be delivered in 2025.

These dredges will work on projects that redevelop and improve shorelines, which are subject to continual damage due to storms, rising waters and the effects of climate change.

Also in 2023, GLDD took delivery of two Multi Cats, the Cape Hatteras and the Cape Canaveral, which support company’s safety culture and provide Great Lakes the ability to dredge with enhanced operating efficiencies needed to maintain the shorelines and waterways.

“As we enter the new year, we anticipate that the dredging bid market will remain robust and with our record backlog, improved fleet and strategic initiatives we believe the Company is well positioned for the future,” said Lasse Petterson, GLDD President and Chief Executive Officer.