New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
February 6, 2013
16:38 EDTGLDDGreat Lakes Dredge awarded $41.4M contract
Great Lakes Dredge receved an award of a $41.4M contract for the deepening of the Arthur Kill channel in the Ports of New York and New Jersey. This project was awarded to GLDD by the Army Corps of Engineers New York District and involves the excavation of silt, glacial till and seabed material requiring subaqueous drilling and blasting. Work is expected to begin before the end of Q1. Another $27.3M in work on this contract is expected to be awarded this year.
News For GLDD From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
October 20, 2014
08:10 EDTGLDDGreat Lakes Dredge signs $540M contract for Suez Canal project
Great Lakes Dredge announced that the chairman of the Suez Canal Authority, Mohab Mohamed Hussein Mamish, in the presence of the Prime Minister of Egypt, Ibrahim Mahlab, signed a contract with the Consortium consisting of Great Lakes and Dredging International NV for Lot 6 of the widening and deepening of the Suez Canal. The contract is valued at $540M and is part of a larger project to expand global trade and strengthen the economy in Egypt. The contract awarded to the Consortium involves the widening and deepening to negative 79 feet of the western branch of the Suez Canal at Great Bitter Lake, Deversoir Reach and Kabret Reach, which is a 25 kilometer stretch of the canal. Dredging International will mobilize four cutter suction dredges and two hopper dredges and auxiliary equipment while Great Lakes will mobilize its Middle East-based heavy duty, high production cutter suction dredges, the ‘Carolina’ and the ‘Ohio,’ pipelines and auxiliary support equipment. The vessels will mobilize to Egypt in November and commence dredging operations before year-end. The Consortium’s scope of work is expected to be completed by the end of 3Q15.

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use