offshore wind industry and our nation,” said Lasse Petterson, Great Lakes Dredge & Dock’s President and Chief Executive Officer. “This contract, valued at approximately $197 million, marks a milestone for our company, the U.S. This vessel will service America’s growing offshore wind energy industry and help reach the Biden administration’s ambitious 30 GW of offshore wind goal by 2030. 16, 2021 (GLOBE NEWSWIRE) - Great Lakes Dredge & Dock Corporation (“Great Lakes Dredge & Dock” or the “Company”) (NASDAQ: GLDD), the largest provider of dredging services in the United States announced today that the Company has signed a contract with Philly Shipyard, Inc (OSE: PHLY) to build the first U.S.-flagged Jones Act-compliant, inclined fallpipe vessel for subsea rock installation. Vessel expected to be sea-ready by Q4 2024 Major step in establishing U.S.-based rock supply chain for the offshore wind industry. Its domestic dredging fleet is positioned on the East and Gulf Coasts, with a smaller number of vessels positioned on the West Coast, and with many of the rivers and lakes dredges on inland rivers and lakes.Historic milestone for domestic offshore wind industry, will create hundreds of U.S. It operates three principal types of dredging equipment: hopper dredges, hydraulic dredges and mechanical dredges. Its United States dredging market consists of four primary types of work: capital, coastal protection, maintenance and rivers and lakes. Domestically, its work generally is performed in coastal waterways and deep-water ports. Its dredging generally involves the enhancement or preservation of the navigability of waterways or the protection of shorelines through the removal or replenishment of soil, sand or rock. The Company operates three types of dredging equipment: hopper dredges, hydraulic dredges and mechanical dredges. The Company provides dredging services in the United States. Great Lakes Dredge & Dock Corporation is a provider of dredging services.
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