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HOUSTON - Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) has taken delivery of its newest hopper dredge, the Amelia Island, from Conrad Shipyard in Morgan City, Louisiana, the company announced Wednesday.
The Jones Act-compliant vessel is approximately 346 feet long, 69 feet wide, and 23 feet deep with 16,500 total horsepower. It features two 800mm trailing suction pipes capable of dredging depths up to 100 feet and has a hopper capacity of 6,330 cubic yards.
The Amelia Island is equipped with EPA Tier IV rated engines and generators for reduced emissions and is designed for operations in shallow and narrow waters along U.S. coastlines. According to the company, the vessel is already scheduled for projects throughout 2025 and 2026.
"The delivery of our sixth hopper dredge, the Amelia Island marks a significant milestone as our dredging newbuild program is now complete," said Lasse Petterson, President and Chief Executive Officer of Great Lakes Dredge & Dock.
The vessel joins its sister ship, the Galveston Island, and will be used for various operations including beach renourishment, coastal protection, channel deepening, and maintenance dredging.
Great Lakes Dredge & Dock describes itself as the largest provider of dredging services in the United States, with a fleet of approximately 200 specialized vessels. The company states it has never failed to complete a marine project in its over 135-year history.
This information is based on a press release statement from the company.
In other recent news, Great Lakes Dredge & Dock reported its second-quarter 2025 earnings, exceeding market expectations. The company posted an earnings per share (EPS) of $0.14, which was 30.23% above the projected $0.1075. Additionally, Great Lakes Dredge & Dock recorded revenues of $193.8 million, surpassing the anticipated $178.08 million. These results highlight the company’s strong performance in the quarter. While the earnings announcement led to a significant stock price movement, the focus remains on the company’s financial achievements. Investors are likely to consider these developments in their decision-making processes. Analyst firms are observing these results closely, although no specific upgrades or downgrades were mentioned in the recent reports.
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