Great lakes announces exercise of option to build second 6,500 cubic yard trailing suction hopper dredge

Houston, june 07, 2022 (globe newswire) -- great lakes dredge & dock corporation (“great lakes” or the “company”) (nasdaq:gldd), the largest provider of dredging services in the united states announced today the exercise of the contract option to build a second 6,500-cubic-yard-capacity trailing suction hopper dredge with conrad shipyard (“conrad”) in amelia, louisiana. with expected delivery in the first quarter of 2025, the new vessel will be a sister ship to the galveston island, presently under construction with delivery in early 2023.
GLDD Ratings Summary
GLDD Quant Ranking